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Make at least 5 qualifying purchases in a month with your Virtual Wallet Debit Card and/or PNC credit card included in your Virtual Wallet or set up a qualifying monthly direct deposit of at least $2,000 for Virtual Wallet with Performance Spend or $5,000 for Virtual Wallet with Performance Select and earn the higher relationship rate on your Growth account for the following month.
Your Reserve interest rate is on the interest-bearing checking account included within Virtual Wallet.
Your Virtual Wallet savings account interest rate. Dependent on starting balance and Virtual Wallet product.
Trusted for over 160 years. PNC offers solutions that can help you confidently navigate your finances during any phase of life. Let us help you gain the confidence you need to make important financial decisions for you and your family.
Your Spend account can help you keep track of your spending tools to view your transactions, create budgets, pay bills and more. It also comes with benefits like: a debit card, unlimited check writing, and free transactions at over 9,000 PNC ATMs.
You can use your Reserve account to set aside money for just about anything, including upcoming bills, a laptop, or a date night. Track your progress using your Savings Goals and easily move money to your Spend account when you need it.
Reserve functions as your primary Overdraft Protection for your Spend account.
With your Growth account, you’ll get access to savings tools to help you work toward your goals and save for the future. And the more you save, the more you’ll earn. You can earn the relationship rate when you meet certain qualifications.
Growth also functions as secondary Overdraft Protection for your Spend account.
At this time we do not allow the existing High Yield Savings to be converted into a Virtual Wallet Growth. The Growth account that comes with any version of Virtual Wallet that you wish to open will have a new account number and will be “pre-packaged” with the other accounts in the Virtual Wallet (the Spend and the Reserve). The three Virtual Wallet accounts will appear together in your online view and the helpful money management tools and features of Virtual Wallet will be available to you.
You will not be able to close the account online. If you choose to close any one of your PNC deposit accounts, please contact the PNC Bank Customer Care Center at PHONE NUMBER HERE. Please note, per the terms of your account agreement there may be a fee associated with closing High Yield Savings within 180 days of account opening. See your Consumer Schedule of Service Charges and Fees for details
The Growth account within your Virtual Wallet Package will offer the same high rate as your High Yield Savings, plus the opportunity to earn an additional relationship rate when you make qualifying transactions. The details regarding the Growth account rate and earning the relationship rate can be reviewed in the offer disclosure section of this page.
You may earn a $500 reward if you open a new Virtual Wallet with Performance Select or Performance Select Checking account. You may earn a $200 reward if you open a new Virtual Wallet with Performance Spend or Performance Checking account. You will only be considered for one reward amount, which is based on the product type you open.
To qualify for the reward, the new checking account be opened online via the "Open an Account Online" links on this web page between 9/1/19 and 10/31/19, and the following conditions must be met within the first 60 days: (a) qualifying Direct Deposit(s) must be received and (b) 10 qualifying debit card purchases must be made using the PNC Bank Visa Debit Card associated with the newly opened account. Your checking account must remain open in order for you to receive the reward, which will be credited to the eligible account within 60-90 days after all conditions have been met and will be identified as “CREDITS PROMO REWARD” on your monthly statement. A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the Spend account of a Virtual Wallet with Performance Select or Virtual Wallet with Performance Spend, or into a Performance Select Checking or Performance Checking account. The total amount of all qualifying direct deposits credited to your checking account must be at least $5,000 for Virtual Wallet with Performance Select or Performance Select Checking, or $2,000 for Virtual Wallet with Performance Spend or Performance Checking. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as qualifying direct deposits.
A qualifying debit card purchase is defined as a point-of-sale purchase or online purchase using your debit card information, including recurring transactions, made using the PNC Bank Visa Debit Card linked to the newly opened account. New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. For this offer, signing authority will be defined by the customer name(s) and Social Security number(s) registered on the account. Offer may be extended modified or discontinued at any time and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099, and may be considered taxable income to you. Please consult your tax adviser regarding your specific situation.
Annual Percentage Yield (APY) accurate as of 8/20/19. The APY for the Relationship Rate balance tiers on Virtual Wallet with Performance Select and Virtual Wallet with Performance Spend is as follows: $1–$9,999.99 receives 2.20%; $10,000–$24,999.99 receives 2.20%; $25,000–$49,999.99 receives 2.20%; $50,000–$99,999.99 receives 2.20%; $100,000–$249,999.99 receives 2.20%; $250,000–$499,999.99 receives 2.20%; $500,000–$999,999.99 receives 2.20%; and $1,000,000+ receives 2.20%. Rates and APYs may vary and may change after account opening. Fees could reduce earnings.
APY accurate as of 8/20/19. The APY for the standard balance tiers on Virtual Wallet with Performance Select and Virtual Wallet with Performance Spend is as follows: $1–$9,999.99 receives 2.15%; $10,000–$24,999.99 receives 2.15%; $25,000–$49,999.99 receives 2.15%; $50,000–$99,999.99 receives 2.15%; $100,000–$249,999.99 receives 2.15%; $250,000–$499,999.99 receives 2.15%; $500,000–$999,999.99 receives 2.15%; and $1,000,000+ receives 2.15%. Rates and APYs may vary and may change after account opening. Fees could reduce earnings.
We may refuse or return any deposit amount causing the combined balance of all of your PNC accounts to exceed $5,000,000 (including any jointly owned, or in the case of an account owned by a living trust, jointly managed accounts). Rates and APYs may vary and may change after account opening. Fees may reduce earnings. Available in eligible markets. Business accounts not eligible.
To qualify for the Relationship Rate, you must either (a) have 5 or more point-of-sale transactions (excluding cash advances) during the previous calendar month using a PNC Visa Debit Card or PNC Visa Credit Card linked to your Virtual Wallet with Performance Select, or (b) have qualifying direct deposits to your Virtual Wallet with Performance Select. Starting with the calendar month following when you open your Virtual Wallet Growth account and monthly thereafter, whether the Virtual Wallet Growth account earns the standard or the Relationship Rate for the entire calendar month will be determined on the first of the month based upon the number of qualifying transactions for the previous calendar month. A qualifying direct deposit is $5,000 for Virtual Wallet with Performance Select. A qualifying direct deposit is a recurring electronic deposit made by an employer or outside agency. Transfers made from one account to another or deposits made via a branch, ATM, online transfer, mobile device or the mail are not eligible to meet this requirement.
If there are changes to the linked checking account you have chosen to link (it is closed, changed to a new account type or no longer linked to your Virtual Wallet Growth account), you may no longer qualify for a Relationship Rate, or the rates may otherwise change to those in effect at the time of the change.
When depositing checks at an ATM, you may receive an offer to choose PNC ExpressFunds, an optional service that makes your funds available faster for certain purposes. There is a fee for this optional service. If you decline the offer, you will still be able to make your deposit.
In the event PNC determines that there has been fraudulent or excessive ATM usage on the account, PNC is not obligated to reimburse any related surcharge fees, and any related reimbursements must be repaid. Surcharge fees not identified within the transaction by the originating financial institution may not be reimbursed. Any fee reimbursements occur at the end of the statement period.
Offers are available from participating merchants. Your personal banking information is not shared with the merchants participating in PNC Purchase Payback. Whether you receive offers may depend on using your PNC Visa Card, or where you use your PNC Visa Card to make purchases. Not everyone will get the same offer.
Covers up to $10,000 out of pocket expenses incurred to regain your identity and to repair your credit. Certain restrictions and deductibles apply. See the Summary Description of Benefits for the Personal, Internet and Identity Coverage Master Policy for details. Coverage applies to Primary Checking account only, not to additional checking, savings or money market accounts.
PNC does not charge a fee for Mobile Banking. However, third party message and data rates may apply. These include fees your wireless carrier may charge you for data usage and text messaging services. Check with your wireless carrier for details regarding your specific wireless plan and any data usage or text messaging charges that may apply. Also, a supported mobile device is needed to use the Mobile Banking App. Mobile Deposit is a feature of PNC Mobile Banking. Use of the Mobile Deposit feature requires a supported camera-equipped device and you must download a PNC mobile banking app. Eligible PNC Bank account and PNC Bank Online Banking required. Certain other restrictions apply. See the mobile banking terms and conditions in the PNC Online Banking Service Agreement.
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may result in changing your Money Market or Savings account to a non-interest bearing checking account.
PNC Purchase Payback is a registered mark of The PNC Financial Services Group, Inc.
Virtual Wallet is a registered trademark of The PNC Financial Services Group, Inc.
Visa is a registered trademark of Visa International Service Association and used under license.
PNC has numerous patents/pending patent applications directed at various features and functions of Virtual Wallet.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC
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