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We want to make you aware of changes to discounts available to PNC retirees and surviving spouses on PNC consumer checking, savings and money market products, as well as other ancillary services, beginning Saturday, December 12, 2020.
You may be receiving this letter because:
Effective December 12, 2020, there will no longer be a monthly service charge waiver on PNC consumer checking, savings or money market deposit accounts, or discounts on other ancillary services, because of your status as a PNC retiree or surviving spouse. If a monthly service charge waiver is otherwise available on an account, you will need to meet the conditions that apply, if any, in order to obtain the monthly service charge waiver.
Discounts on cashier’s checks will no longer be available. In addition, discounts on the following fees and services, if any, will be available based on the schedule of service charges and fees applicable to your checking product, and not on your status as a PNC retiree or surviving spouse:
PNC continually reviews employee discount offerings with the goal of balancing a robust product set with a simple delivery model. Please note that there are options to have the monthly service charges automatically waived. For example, customers 62-years-old or older that have a Standard Checking or Virtual Wallet® product receive an automatic monthly service charge waiver.
You can find this information through PNC Online Banking, the PNC Mobile app and on your statement. For assistance to determine your account type, please contact your local PNC branch or call the Customer Care Center at 888-762-2265.
There are options to have the monthly service charges automatically waived. For example, customers 62 years old or older that have a Standard Checking or a standard Virtual Wallet® product receive a monthly service charge waiver. To review account options, visit the Account Pricing Center.
Fees and service charges depend on the account selected. See the Image Pricing Detail in the PNC Bank Online section of the Consumer Schedule of Service Charges and Fees.
No. You do not need to take action at this time.
Any changes you make to the type of account you have before the effective date of December 12 could result in the removal of current retiree discounts and the assessment of fees.
No. These changes apply to PNC deposit products only.
No. Your routing number and account number will stay the same if you transfer from one product type to another product type. On the other hand, if you open a new account, your routing number may be different if you moved since you opened your existing accounts.
No. The product name on the statement will be different but the format of the statement will remain the same.
It could, depending on the PNC checking product chosen. For example, if you move from a Virtual Wallet account to a Standard Checking account, your PNC Online Banking view could change. In addition, PNC is always looking for ways to enhance your online experience. When PNC Online Banking is updated, your view could change at that time.
You are receiving this letter because as signer on a minor or Fiduciary account, the account was eligible to receive employee discounts. Effective December 12, there will no longer be a monthly service charge waiver on minor or Fiduciary accounts for employees. Minor accounts will continue to be waived if eligible up to the age of 18. Employees will need to meet the conditions that apply to obtain the monthly service charge waiver on these accounts.
Virtual Wallet and PNC SmartAccess are registered trademarks of The PNC Financial Services Group, Inc.
Visa is a registered trademark of Visa International Service Association and used under license.
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