Say Goodbye to Surprise Overdraft Fees
Introducing Low Cash Mode® in the PNC Mobile App[1,2]
Many banks will charge you multiple overdraft fees a day. Others may promise no overdraft fees but will return all items leaving you with unpaid bills. Low Cash Mode gives you more control when your balance is low.
Built on patents-pending technology, Virtual Wallet’s digital tools now include Low Cash Mode, a new, game-changing tech that helps you avoid overdraft fees and take control when your balance gets low or negative.
- Extra Time will show you how much time you have left - which will be at least 24 hours - to bring your available Spend account balance to at least zero before you are charged overdraft fees.[3]
- Payment Control gives you the option to choose to pay or return certain individual checks, and payments made using your routing and checking account numbers (ACH transactions)[4], when the available balance in your Spend account is negative.
- Intelligent Alerts notify you when your Spend account balance drops below your threshold so that you can take action.[5]
What You Get
Spend – primary checking account
Reserve – short-term planning
Growth – long-term savings account
What You Need to Know
At the end of the six years, your Virtual Wallet Student account will convert to Virtual Wallet and be subject to the Virtual Wallet Features and Fees in effect at that time.
If you transfer this account to a different product or account type during the first six years, you will forfeit the benefits of the Virtual Wallet Student account and will not be able to transfer back to the Virtual Wallet Student account.[6]
Virtual Wallet Student Benefits
Open a new Virtual Wallet Student and get certain benefits for up to six years, including:
- No monthly service charge.[6]
- One automatic courtesy refund of any Overdraft Item fees associated with the first overdraft event.[7]
- One incoming domestic or international wire transfer per statement period at no charge.
- Automatic enrollment for online statements and documents the first time you sign on to PNC Online Banking, and the option to choose paper statements at no charge.
Plus, still receive benefits standard to Virtual Wallet, like:
- A PNC Bank Visa® Debit Card
- Free Mobile[1] and Online[8] Banking to manage your money how and when you want.
- Reimbursement of the fee for the first two domestic or international non-PNC Bank ATM transactions made on your Spend, Reserve or Growth accounts per statement period[9]
- $5.00 reimbursement of other financial institutions’ ATM surcharge fee per statement period[9]
- International Services including language interpretation.
Open an Account at a PNC Bank Branch or Online
To apply right away online, you may use your computer or mobile device.You may need a mobile device with internet access for identification verification. Standard message and data rates may apply.
Manage Your Money Online & on Your Mobile Device
Digital tools that help you see what’s free to spend, stay on track with your budget & reach your financial goals.
Budget and spend wisely
- Calendar
- Money Bar®
- Spending & Budgets
Know your balance is low
- Low Cash Mode®
- Danger DaySM
Stick to your plan
- Savings Rules
- Savings Goals
We Have Even More For Students
The Student Banking Hub can help students and families bank - from college prep to career.
Visit the Student Center »
Does PNC have a partnership with your school?
Take advantage of all the benefits a PNC school relationship may offer. Learn more about our school partnerships.
Important Legal Disclosures & Information
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.
Low Cash Mode is only available on the Spend account of your Virtual Wallet product.
In order to avoid overdraft fees, you must bring the available balance in your account to at least $0 before your Extra Time expires. If you make a deposit, the time it takes for your deposit to be reflected in your available balance and for those funds to become available to you will vary based on the deposit type and time. Depending on your deposit type or your deposit time, your deposit may not be available before your Extra Time period expires, and you may incur overdraft fees. See your Funds Availability policy for more information. Overdrawing an account, maintaining a negative available balance for any period of time, and returning transactions as unpaid may have other consequences, including account closure or negative impacts to your ability to obtain financial services including loans, deposit accounts, and other services at PNC and other institutions.
Debit card transactions do not qualify for Payment Control. When you choose to return an item that has been presented to PNC for payment, we will return the item to the payee’s bank for insufficient funds, and the payee will not receive payment from PNC. You may still have an obligation to pay the payee for goods, services or other products. PNC is not responsible for satisfying any obligations between you and the payee or any other party with respect to an item you decide to return. Before choosing to return an item, you should consider rules the payee may have or actions the payee may take on late/returned payments. Overdrawing an account, maintaining a negative available balance for any period of time, and returning transactions as unpaid may have other consequences, including account closure or negative impacts to your ability to obtain financial services including loans, deposit accounts, and other services at PNC and other institutions.
PNC Alerts are free to customers. 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.
Virtual Wallet Student has no minimum balance requirement or monthly service charge for active students for six years from the date of account opening. You may be asked to provide proof of active enrollment in a qualifying educational institution. At the end of the six years, your account will be converted to Virtual Wallet and subject to the Virtual Wallet Features and Fees in effect at that time. If you transfer this account to a different product or account type during the first six years, you will forfeit the benefits of the Virtual Wallet Student account and will not be able to transfer back to the Virtual Wallet Student account.
Virtual Wallet Student accounts will receive an automatic courtesy refund of the fee for the first Overdraft event (Spend account only). Although the fee may be refunded, the transaction will be considered an overdraft occurrence when determining any subsequent overdraft fee. You will be responsible for paying the overdraft balance.
Online Banking is free to customers with an eligible account; however there may be a fee for certain optional services. We reserve the right to decline or revoke access to Online Banking or any of its services. All online banking services are subject to and conditional upon adherence to the terms and conditions of the PNC Online Banking Service Agreement.
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.
Low Cash Mode is a registered mark of The PNC Financial Services Group, Inc.
Visa® is a registered trademark of Visa International Service Association and used under license.
Virtual Wallet Student is a registered trademark of The PNC Financial Services Group, Inc.
Virtual Wallet is a registered mark of The PNC Financial Services Group, Inc.
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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