See our Business Checking Accounts and Related Charges disclosure for further information.
Additional Checking Solutions
PNC checking solutions also include these special-purpose business checking accounts.
MMDA Sweep
Increase your returns on idle cash balances and make your money work for you.
Ensure daily liquidity and enjoy immediate access to investment balances
- Links your checking account to an FDIC-insured PNC Bank money market deposit account.
- Establish a target balance in your checking account.
- Balances above your pre-determined target balance are swept into your money market deposit account.
- "Sweep" system puts funds into money market account or checking account according to rules you set.
Business Interest Checking
Interest bearing business checking solution that comes with a selection of cash flow solutions.
This account offers a variable interest rate which is subject to change without notice.
- No monthly account maintenance fee with an average monthly collected balance of $5,000.
- Interest is earned on account balances.
- Call 1-855-762-2365 for current interest rate, APY and non-promotional balance tier information.
- An Earnings Credit does not apply.
Interest On Lawyers Trust Accounts (IOLTAs)
Limited to attorneys and law firms that maintain escrow funds for multiple clients.
An IOLTA pools the funds into a single, interest bearing account.
- No minimum balance and no monthly account maintenance fee.
- Unlimited monthly transactions.
- Detailed monthly statement.
- Interest earned on the entire account balance.