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.
Ways to Avoid Monthly Account
Maintenance Fees
For 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 by using business banking cash flow solutions. And, there is also no Monthly Account Maintenance Fee for the first three months after your account is opened.
If You Have a...
Required Minimum to Open: $100
Monthly Account Maintenance Fee: $12
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:
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.
Required Minimum to Open: $100
Monthly Account Maintenance Fee: $22
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:
The monthly statement cycle review will check 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.
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 will check 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.