Ways to Avoid Monthly Account Maintenance Fees
for PNC Business Checking Accounts
A PNC Banker can show you product features that help avoid the Monthly Account Maintenance Fee and help you make the most of your cash flow using PNC cash flow solutions. And, there is also no Monthly Account Maintenance Fee for the first three months after your account is opened.
Business Checking account
Required Minimum to Open: $100
Monthly Account Maintenance Fee: $10
3 Ways to Avoid the Monthly Account Maintenance Fee:
Each month the PNC business checking account will be automatically reviewed to see if it qualifies to avoid the monthly account maintenance fee by meeting any ONE of the following three conditions:
Maintain $500
Average Monthly Collected Balance in this account
OR
Use a linked PNC business credit card to make a minimum of $500 in eligible purchases[1,2,3]
during the billing cycle ending immediately prior to the date the monthly account maintenance fee is to be assessed to the PNC business checking account.
OR
Maintain a linked PNC Merchant Services® account and generate a minimum of $500 in qualifying monthly processing deposits.[2,5,6,8]
The PNC business checking account receiving PNC Merchant Services processing deposits is the only account eligible to avoid the monthly account maintenance fee.
The monthly statement cycle review checks all three options above to determine if one of the account fee options were met to avoid the monthly account maintenance fee - you do not need to choose one option or qualify in the same manner each cycle to avoid the fee.
View complete Business Checking Account and Related Charges »
Business Checking Plus account
Required Minimum to Open: $100
Monthly Account Maintenance Fee: $20
4 Ways to Avoid the Monthly Account Maintenance Fee:
Each month the PNC business checking account will be automatically reviewed to see if it qualifies to avoid the monthly account maintenance fee by meeting any ONE of the following four conditions:
Maintain $5,000
Average Monthly Collected Balance in this account
OR
Use a linked PNC business credit card to make a minimum $5,000 in eligible net purchases[1,3,4]
during the billing cycle ending immediately prior to the date the monthly account maintenance fee would be charged to the PNC business checking account.
OR
Maintain $20,000 average combined collected balance in a linked PNC business checking account and business money market account[4]
OR
Maintain a linked PNC Merchant Services® account and generate a minimum of $5,000 in qualifying monthly processing deposits[4,5,6,8]
The PNC business checking account receiving PNC Merchant Services processing deposits is the only account eligible to avoid the monthly account maintenance fee.
The monthly statement cycle review checks all four options above to determine if one of the account fee options were met to avoid the monthly account maintenance fee - you do not need to choose one option or qualify in the same manner each cycle to avoid the fee.
View complete Business Checking Account and Related Charges »
Treasury Enterprise Plan
Required Minimum to Open: $100
Monthly Account Maintenance Fee: $50
No Monthly Account Maintenance Fee for the first three statement cycles.
2 Ways to Avoid Monthly Account Maintenance Fee:
Maintain $30,000* Average Monthly Collected Balance in this account.
OR
Maintain a combined Average Monthly Collected Balance of $30,000* in the master and all checking accounts within your Treasury Enterprise Plan (including Beneficiary Accounts).
The monthly statement cycle review checks both options above to determine if one of them was met to avoid the Monthly Account Maintenance Fee - you do not need to choose one option or qualify in the same manner each cycle to avoid the fee.
*The monthly average collected balance, transaction, and cash deposited volumes are aggregated for the master and all beneficiary accounts to determine Earnings Credit, Master Monthly Account Maintenance Fee, transaction and cash deposit fee amounts.
An Earnings Credit[7] is also applied to average monthly collected balances in excess of $125,000 to reduce or offset certain fees. Fees will be charged as listed in the current fee schedule unless an Earnings Credit is applied to reduce or offset the fee.
To start your application, please call us at 1-855-762-2365 between the hours of 8:30 a.m. and 8:00 p.m. ET, Monday through Friday.
Important Legal Disclosures and Information
PNC linked business credit card eligible purchases are purchases of goods or services made by you or your authorized user with an eligible linked business credit card account and includes balance transfers and convenience checks that are not subject to the cash advance rate. Eligible purchases do not include interest, fees and charges assessed to the business credit card account, cash advance transactions (including convenience checks that are subject to the cash advance rate), and purchases made at merchants with gambling or gaming merchant category codes. Subject to credit approval.
A maximum of 10 eligible accounts may be linked to a Business Checking account in each of the business credit card and merchant services categories. Each eligible account may only be linked to one Business Checking account. Some accounts may not be eligible to be linked based on titling structure, product type or other constraints. Subject to credit approval.
Subject to credit approval. Additional fees apply. PNC Bank, National Association is the creditor and issuer of the PNC Bank business credit cards.
A maximum of 10 eligible accounts may be linked to a business checking account in each of the business checking, money market, business credit card and merchant services categories. Each eligible account may only be linked to one business checking account. Some accounts may not be eligible to be linked based on titling structure, product type or other constraints. Subject to credit approval.
A qualifying PNC Merchant Services processing deposit is an electronic deposit made by PNC Merchant Services directly into this checking account. Transfers made from one account to another or processing deposits from other merchant services sources are not eligible to meet this requirement.
PNC Merchant Services is a registered mark of The PNC Financial Services Group, Inc. Merchant Services are not deposit products. PNC Merchant Services does not offer deposit products and its services are not guaranteed or insured by the FDIC or any other governmental agency. Merchant Services are subject to application, credit review of the business and its owners, and approval.
The earnings credit rate on Analysis Business Checking or Treasury Enterprise Plan accounts is subject to change without notice. Please call 877-BUS-BNKG (877-287-2654) for current rate and balance tier information or for an example of how the earnings credit is applied to the balances in your account.
Except as is otherwise set forth in your agreement for merchant services, your funds for MasterCard, Visa, Discover, PayPal and American Express transactions will ordinarily be processed and transferred to select PNC business checking accounts within one business day from the time PNC Merchant Services receives your batch (which is an electronic file containing your card transactions). If a batch is received after our cut-off time of 10:00 PM ET, or on a day that is not a business day, we will generally consider the batch as being received on the next business day. Business day means Monday through Friday, excluding Federal holidays.
Banking products and services and bank deposit products are provided by PNC Bank, National Association, a wholly-owned subsidiary of The PNC Financial Services Group, Inc. and Member FDIC.
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