Your Business Checking Preferred Account Has Been Transferred to Business Checking Plus

We have enhanced our products to better meet your needs.

 

PNC is constantly exploring ways to enhance your experience with us. By simplifying our account offerings, we will be better able to serve your banking needs and provide you with options to manage your cash flow. 

On January 17, 2020, PNC transferred your Business Checking Preferred account to Business Checking Plus, unless you recently requested your account to be changed to a different account prior to that date.

All transferred accounts kept the same account number and continue to use the same checks. Previously authorized payments and deposits to the account will continue, as well as preauthorized bill payments and transfers.

A detailed conversion packet was mailed to you in November 2019. It included the features, benefits and pricing for the account that you have been transferred to.

The Monthly Account Maintenance Fee will be waived for your first statement cycle following the transfer. 

For questions related to your account or to discuss your options:

Meet With Us at a PNC Branch
Schedule an appointment


Call Us
Call 1-877-BUS-BNKG
(1-877-287-2654)

Monday – Friday: 7 a.m. – 10 p.m. ET
Saturday & Sunday: 8 a.m. – 5 p.m. ET

Learn More
Frequently Asked Questions »

PNC Business Checking Plus: Features & Benefits

500

Monthly transactions at no charge

Based on the aggregated volume of deposits, deposited items, paid items and ACH credits and debits received

Fee for each additional transaction over 500:

$0.50

$10,000

Monthly cash deposit volume at no charge

For cash deposited over-the-counter, in the night depository or via Quick Deposit

Fee for additional cash deposited over $10,000:

$0.25 per $100

$20

Monthly Account Maintenance Fee

See ways to avoid this fee below



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 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[1,2,3]

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[2]

OR

Maintain a linked PNC Merchant Services® account and generate a minimum of $5,000 in qualifying monthly processing deposits[2,4,5]

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.

Additional Notes About Your Account Transfer

  • All accounts transferred kept the same account number and continue to use the same checks. Previously authorized payments and deposits to the account will continue, as well as preauthorized bill payments and transfers.
  • The Monthly Account Maintenance Fee will be waived for your first statement cycle following the transfer. Review more details about when the Monthly Account Maintenance Fee and service charges will begin for your account.
  • No charge for Cash Flow Insight® – Base (Spend Analysis, Timeline, Trend, Cash In, Cash Out)
Frequently Asked Questions

Have questions? We're here to help.

 

Important Legal Disclosures & Information

  1. 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.  

  2. 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.

  3. Subject to credit approval. Additional fees apply. PNC Bank, National Association is the creditor and issuer of the PNC Bank business credit cards.

  4. 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.

  5. Merchant Services are provided by PNC Merchant Services Company and are subject to credit approval. PNC Merchant Services is a registered trademark of The PNC Financial Services Group, Inc.

  6. The monthly account maintenance fee will be waived on up to 4 beneficiary checking accounts. The monthly average collected balance, transaction, and cash deposited volumes are aggregated for the master and 4 beneficiary accounts to determine maintenance fee, transaction and cash deposit fee amounts.

  7. Based on the combined volume of deposits, deposited items, paid items, and ACH credits and debits received.

  8. Monthly limit for free cash deposits includes over-the-counter, at the night depository, and via Quick Deposit.

QuickBooks® is a registered trademark of Intuit®, Inc.

Cash Flow Insight is a registered mark of The PNC Financial Services Group, Inc.
U.S. Patent Nos. 10,402,910 and 9,965,808, and others patents pending.

U.S. Patent Nos. 10,402,910 and 9,965,808, and others patents pending.

DepositNow is a registered trademark of Fundtech, Inc. 

PNC, PINACLE, Deposit On-Site®, and Deposit On-Site Mobile® are registered marks of The PNC Financial Services Group, Inc. (“PNC”).

Banking products and services and bank deposit products are provided by PNC Bank, National Association (N.A.), a wholly-owned subsidiary of The PNC Financial Services Group, Inc. and Member FDIC.

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