PNC Financial institution Evaluation 2023: Checking and Financial savings Accounts

PNC Monetary Providers might have a small geographic footprint, however it’s mighty in the case of its property.

In reality, PNC Financial institution, which operates in 28 states and the District of Columbia, is ranked as one of many 9 largest banks within the U.S. primarily based on property.

Whereas dwelling in one of many states with bodily branches is good for PNC clients, PNC does supply checking accounts and financial savings accounts to clients exterior of its bodily areas with the arrival of on-line banking.

In our PNC financial institution overview, we’ll look at a number of the core accounts provided, together with the Digital Pockets choices and the Excessive-Yield Financial savings. We’ll additionally check out small enterprise banking, cell banking, customer support and comfort earlier than weighing the professionals and cons of a PNC checking account and a PNC financial savings account (and the totally different choices obtainable) and tackling any closing unanswered questions on PNC Financial institution.

PNC Checking Accounts

Beneath we concentrate on two PNC checking accounts intimately after which contact on its providing for college kids, which mixes checking and financial savings.

PNC Digital Pockets

Greatest For Fundamental Checking Account Providers

Key Options

  • No month-to-month service cost with necessities
  • 60,000 obtainable ATMs freed from cost to be used.

PNC Digital Pockets is the introduction to PNC checking and financial savings providers. It gives no curiosity for checking account balances as extra superior PNC accounts do, however it gives no month-to-month charges and entry to all PNC-linked ATMs. Like different PNC checking accounts, the Digital Pockets will be linked to a financial savings account (Progress) and a particular funds account (Reserve).

PNC Digital Pockets



Month-to-month charges


In-network ATMs


Extra Particulars on PNC Digital Pockets

ATM Charges

ATMs are an vital a part of checking accounts, as they allow you to deposit and withdraw cash rapidly and simply. The settlement with Allpoint ATM Community tremendously expanded PNC Financial institution’s protection of ATMs obtainable with out charge. 

In complete, PNC Financial institution clients can use 60,000 ATMs throughout the U.S. and not using a surcharge.

Nonetheless, PNC Financial institution does supply as much as $5 of ATM surcharge charge reimbursement per 30 days and two free a month. 

PNC Cell App

The PNC Cell App at present has a 4.8 star ranking on the App Retailer (primarily based on roughly 1.2 million rankings) and 4.2 stars on Google Play (primarily based on practically 218,000 rankings).

The app does every little thing you’d anticipate a web based financial institution app to do when it comes to private finance. With the PNC Cell App to your Digital Pockets with Efficiency Spend account, you’ll be able to:

  • Carry out cell examine deposit.
  • Switch cash between PNC checking and financial savings accounts and even exterior financial institution accounts.
  • Use On-line Invoice Pay to trace and schedule invoice funds.

Android customers may make the most of PNC Pay to pay with their cell gadgets. In any other case, you need to use the normal Visa debit card (PNC Banking Card) or the old school checkbook for the Digital Pockets account.

Checking with Efficiency Spend

Greatest For No Charges

Key Options

  • No month-to-month service charges (when assembly sure re
  • $25 minimal deposit to open
  • Insured by FDIC

The core PNC checking account is known as the Digital Pockets Checking with Efficiency Spend. That is solely a checking account, whereas another choices from PNC Financial institution mix checking and financial savings accounts.

Checking with Efficiency Spend



Month-to-month charges


No surcharge ATMs

60,000 (because of partnership with Allpoint ATM community)

Extra Particulars on PNC Digital Pockets Checking with Efficiency Spend

APY (Annual Share Yield)

PNC’s Digital Pockets account with Spend doesn’t earn curiosity. There are many on-line checking accounts that do accrue curiosity or reward you with money again for debit card swipes.


Whereas there isn’t a month-to-month upkeep charge related to the PNC Digital Pockets with Efficiency Spend account, Digital Pockets does produce other charge varieties:

  • A 3% overseas transaction charge
  • A $36 overdraft merchandise charge (max 1 per day)
  • A $36 overdraft merchandise charge and returned merchandise charge/nonsufficient funds (max 4 per day)

The overdraft charges stand out right here, particularly as different monetary establishments are taking away them solely.

Along with overseas transaction and overdraft charges, PNC adjustments charges for ATM statements and outgoing home wire transfers and incoming and outgoing worldwide wire transfers.

Low Money Mode

The PNC Digital Pockets Checking Professional with Spend account now comes with Low Money Mode, which alerts you when your steadiness is low. It additionally means that you can decide whether or not you need sure funds to undergo or be returned (and provides you a 24-hour grace interval to fund the account).

Digital Pockets With Efficiency Choose

Greatest For Full-Suite Banking In One Place

Key Options

  • Hybrid checking and financial savings account
  • Excessive-yield APY on financial savings
  • No month-to-month service charges

Digital Pockets With Efficiency Choose

Extra Particulars About PNC Digital Pockets With Efficiency Choose

The core of this account is identical. The Spend portion of the account features in the very same means:

  • No account curiosity for checking (Spend)
  • No minimal opening deposit
  • Insured by FDIC (Federal Deposit Insurance coverage Company)
  • 60,000 ATMs with $5 out-of-network ATM surcharge reimbursement
  • Cell app to carry out primary checking actions
  • Overseas transaction charges and overdraft charges (extra on this momentarily)
  • Low Money Mode

So How Is It Totally different?

Digital Pockets with Efficiency Choose does accrue curiosity at 0.01%. It additionally permits for as much as eight different PNC accounts to be bundled, together with the Reserve and Progress accounts which shall be mentioned now.

Reserve and Progress

The Reserve and Progress accounts are attachments to the Digital Pockets, Digital Pockets with Efficiency Spend and Digital Pockets with Efficiency Choose checking accounts.


The Reserve account is a separate checking characteristic for short-term planning. Consider it as a spot the place you’ll be able to switch cash for an upcoming trip, live performance tickets or an upcoming scholar mortgage fee. This cash is untouchable for on a regular basis transactions; it’s primarily a useful resource to maintain you from burning by means of your hire cash on an unintended, wine-influenced on-line procuring spree.

The Reserve account earns curiosity on the miniscule fee of 0.01% for all account varieties, however that’s much like primary checking account rates of interest all through the business.


This account is a financial savings account hooked up to your checking account, serving the aim of offering long-term storage of money. The Progress account does accrue curiosity, beginning at 0.02% for the Digital Pockets account as much as a steadiness of $2,500, then 0.03% for balances above $2,500. For each the Efficiency Spend and Efficiency Choose account varieties, the Progress addition gives a promotional fee of three.60% on balances of not less than $10,000 for the primary 12 months. Thereafter, Efficiency Spend Progress accounts accrue curiosity of 0.03% and Efficiency Choose 0.04%

Examine the three accounts and what’s provided with the Reserve and Progress choices in every case right here.

The Reserve and Progress accounts additionally function overdraft safety. PNC calls it “two layers of overdraft safety.” Primarily, in case you are vulnerable to paying an overdraft charge, PNC will first try to tug cash from these two accounts to cowl the cost.

Digital Pockets Pupil Account

PNC does supply a checking and financial savings account combo for college kids known as the Digital Pockets Pupil account. It consists of an computerized courtesy refund to your first overdraft however then overdraft charges kick in after that. It supplies $5 of ATM reimbursement.

PNC Financial savings Accounts

PNC gives a high-yield financial savings account, plus a normal financial savings, cash market and CD choices. Beneath, we take a more in-depth take a look at the high-yield financial savings, at present with an APY of 4%.

PNC Excessive-Yield Financial savings Account

Greatest For Savvy Savers

Key Options

  • Excessive-yield APY
  • No month-to-month service charges
  • No minimal steadiness or minimal opening deposit

PNC’s Excessive-Yield Financial savings account is the Progress a part of the Digital Pockets account with a extra particular identify. Primarily, that is an choice should you solely need a financial savings account with PNC however no checking account. Like the opposite accounts, this financial savings account is insured by the Federal Deposit Insurance coverage Company (FDIC).

PNC Excessive-Yield Financial savings Account


0.04% on Progress account

Month-to-month charges


In-network ATMs


Extra Info About PNC Excessive-Yield Financial savings

APY (Annual Share Yield)

Just like the Progress portion of the Digital Pockets Checking, the PNC Excessive-Yield Financial savings account at present boasts a 4% rate of interest.

PNC Cell App

As a result of this can be a financial savings account solely, lots of the options that you just’d use for private finance should not relevant. Nonetheless, you need to use the cell app for account transfers (from exterior accounts or PNC checking accounts), cell examine deposit and an computerized financial savings plan.

Funding the Account

You’ll be able to fund your Excessive-Yield Financial savings account by means of wire switch, direct deposit or an exterior switch from a linked checking account.

Different PNC Financial savings Choices

Whereas the Excessive-Yield Financial savings account is the flagship choice, PNC does supply different deposit accounts that accrue curiosity:

  • The PNC Normal Financial savings account
  • The PNC Premiere Cash Market account
  • PNC CD accounts

PNC Normal Financial savings requires no minimal deposit, carries month-to-month upkeep charges that may be waived and is FDIC insured. To waive the charge, keep a median month-to-month steadiness of $300, hyperlink your account to a Digital Pockets or arrange an auto financial savings switch of $25 or extra every month. The charge is robotically waived in case you are underneath 18 years outdated.

The PNC Premiere Cash Market account rewards you for investing extra. The more cash within the account, the upper the rate of interest. Nonetheless, there are month-to-month charges which can be solely waived you probably have not less than $5,000 within the account or you probably have a linked Digital Pockets account.

PNC Financial institution gives mounted fee CDs (certificates of deposit) starting from seven days to 10 years. There’s a minimal $1,000 to open with early withdrawal penalties. Alternatively, you’ll be able to open a Prepared Entry CD starting from three to 12 months.

PNC Financial institution Evaluation: Key Options

Along with the core PNC accounts, this overview will cowl banking with PNC as a small enterprise, in addition to our evaluation of the cell app, customer support and comfort.

PNC Small Enterprise Banking

Small enterprise house owners can select from a number of small enterprise checking accounts at PNC:

  • Enterprise Checking
  • Enterprise Checking Plus
  • Treasury Enterprise Plan
  • Evaluation Enterprise Checking
  • MMDA Sweep
  • Non-Revenue Checking
  • Enterprise Curiosity Checking
  • IOLTA – Curiosity on Attorneys Belief Account

The Enterprise Checking account requires a $100 minimal deposit to open.

The month-to-month service charge is just $10, however it doesn’t take impact for the primary three assertion cycles. However you will get that waived should you:

  • Keep a median month-to-month collected steadiness of $500.
  • Hyperlink to a PNC enterprise bank card and use that card to make not less than $500 in purchases.
  • Keep a linked PNC Service provider Providers account and deposit not less than $500 every month.

PNC Enterprise Checking permits for as much as 150 transactions and $5,000 in money deposits per 30 days at no cost.

You may also get free on-line banking and invoice pay in addition to arrange an overdraft safety for no charge. They cost $2 every month for paper statements, however you’ll be able to simply keep away from that by going paperless.

You may also browse small enterprise financial savings account choices:

  • Premium Enterprise Cash Market Account
  • MMDA Sweep
  • Certificates of Deposit

PNC Comfort

At present, PNC has bodily areas in 28 states and the District of Columbia.

If you happen to’re on the lookout for an ATM, PNC has 60,000 whereas opponents typically have 80,000+. Nonetheless, PNC does supply a excessive ATM reimbursement quantity every month.

Whereas this overview seems at checking and financial savings choices, you will get a full suite of providers from PNC, together with bank cards, mortgages, automotive loans, private loans, traces of credit score, scholar loans, scholar mortgage refinancing, army banking and funding accounts.

PNC Cell Banking

PNC’s cell app is intuitive and straightforward to make use of and has garnered excessive rankings on the App Retailer (4.8 stars) and Google Play (4.2 stars). The current addition of Low Money Mode is a recreation changer for newbies.

Most of the monetary wellness options talked about on this overview can be found on the app. You’ll be able to set your financial savings objectives and computerized financial savings deposits. You’ll be able to create budgets for various classes. It’s designed to be an all-in-one banking and budgeting app, which suggests you gained’t have to set foot in a department should you don’t need to.

PNC Buyer Service

As a result of PNC operates bodily areas but additionally acts as a web based financial institution, customer support is comparatively good. You’ll be able to go into branches if you need in-person assist, however you may as well chat on-line and even name for assist.

PNC customer support has numerous numbers and hours relying in your want and account.

Professionals and Cons

Our execs and cons about PNC might assist you determine if that is the fitting financial institution for you.


  • No month-to-month upkeep charge and no minimal steadiness
  • Monetary wellness instruments for saving and budgeting
  • Extremely rated cell app
  • Low charges for enterprise accounts
  • A variety of choices for CDs for phrases and quantities


  • The $36 overdraft charge — which will be issued as much as 4 occasions a day — is steep
  • Sub-par rates of interest throughout the board

Steadily Requested Questions (FAQ) About PNC Financial institution

Nonetheless have questions on banking with PNC? We’ve supplied solutions to a number of the most typical questions readers like you’re asking.

Does PNC Reimburse ATM Charges?

PNC has a community of 60,000 fee-free ATMs. If you happen to use an out-of-network ATM and incur a charge, PNC will reimburse surcharges. The max variety of month-to-month reimbursements (or the entire quantity reimbursed every month) varies by account.

Word: ATM reimbursements apply to home ATMs solely. PNC won’t reimburse charges at overseas ATMs.

Is PNC Just for Individuals in Sure States?

Whereas PNC doesn’t function bodily branches in each state, you’ll be able to open an account from any state on-line so long as you’re a U.S. citizen. The account choices and promotions do range by state, nevertheless.

You need to use Zelle by means of your PNC cell app.

PNC has bodily areas in additional than half of the states within the US, however you’ll be able to financial institution with PNC with out ever setting foot in a brick-and-mortar financial institution. In that means, PNC can function like a web based financial institution. Is it simply not on-line solely.

Does PNC have Overdraft Safety?

PNC gives a couple of options for overdrafts. That begins with Low Money Mode, its overdraft prevention characteristic. If you happen to do overdraft, PNC gives overdraft safety from linked PNC accounts. You may also decide in to overdraft protection, however this carries hefty charges.

PNC Financial institution Evaluation: Our Ultimate Ideas

PNC Financial institution doesn’t have a month-to-month charge and does supply curiosity on its financial savings merchandise. Nonetheless, for each checking and financial savings accounts, there are on-line banks providing a better annual share yield, no month-to-month charge, and higher comfort. That mentioned, the PNC Cell App is its saving grace.

A few of the private finance instruments provided digitally by means of the app will be nice for these simply studying cash administration, however the danger of an overdraft (and the excessive value to handle it) would deter me from recommending this to newbies, for whom these very instruments are designed.

Nonetheless on the lookout for a financial savings account that earns you curiosity and provides you the flexibleness you want? Take a look at our listing of the most effective financial savings accounts for 2023  earlier than making a closing determination.

A notice on financial institution promotions

PNC Financial institution typically makes our listing of the most effective financial institution bonuses, which means you’ll be able to regularly rely on a reward for beginning an account. Usually, it’s essential to meet some standards to earn the bonus, like receiving qualifying direct deposits. Qualifying direct deposits are sometimes direct deposits that come from an employer or the federal government. Peer-to-peer funds, like Venmo, don’t rely as a direct deposit.

States the place PNC Financial institution operates

You will discover bodily branches of PNC within the following states, in addition to the District of Columbia:

  • Alabama
  • Arizona
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Missouri
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Virginia
  • West Virginia
  • Wisconsin

Timothy Moore covers financial institution accounts for The Penny Hoarder from his house base in Cincinnati. He has labored in modifying and graphic design for a advertising company, a worldwide analysis agency and a serious print publication. He covers quite a lot of different matters, together with insurance coverage, taxes, retirement and budgeting and has labored within the subject since 2012. Info from former contributor Tyler Omoth is included on this report.

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