Your Business Checking Preferred Account is Being Transferred to Treasury Enterprise Plan

We are enhancing our products to better meet your needs.

 

As previously communicated, we delayed the transfer of your account due to the impact of COVID-19. At PNC, we’re 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 help manage your cash flow. 

Between November 19 and November 23, 2020, PNC will transfer your Business Checking Preferred account to Treasury Enterprise Plan. 

No action is required on your part unless you would like to discuss other business checking account options before the transfer.

The Treasury Enterprise Plan has been selected based on your activity, balances and Business Checking Preferred Relationship structure (if applicable) as of January 22, 2020.

All updated accounts being transferred will keep 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.

Please refer to the detailed conversion packet you received in the mail in February 2020. This included the features, benefits, and pricing for the account you'll transfer to in November which can also be viewed on this page.

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

Learn More
Frequently Asked Questions »

Business Checking Account & Related Charges »

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

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

Or, schedule an appointment

PNC Treasury Enterprise Plan: Features & Benefits

The Treasury Enterprise Plan is a Business Banking and Treasury Management checking services package for Analysis Business Checking accounts.

2,500*

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 2,500:

$0.50

$50,000*

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 $50,000:

$0.25 per $100

$50*

Monthly Account Maintenance Fee

See ways to avoid this fee below

Up to 4 additional business checking accounts

At no charge

You have the option to add more than four (4) beneficiary accounts for an additional $10.00 monthly account maintenance fee for each beneficiary account over four.

Two investment options for excess cash

Premium Business Money Market account
OR
Business Sweep account
with no monthly account maintenance fee

Treasury Enterprise Information Reporting

Available for a fee



2 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 ONE of the following two conditions:

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 beneficiary business checking accounts.

* 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.

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.

A standard Treasury Management Earnings Credit[1] is applied only to the average monthly collected balances in excess of $125,000 to reduce or offset certain transaction fees. For current rates, call 1-800-762-2117.

Additional Notes About Your Account Transfer

  • Accounts being transferred will keep 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.
  • Cash Flow Insight will no longer be included with your account at no charge.
    • Cash Flow Insight® – Base (Spend Analysis Timeline, Trend, Cash In, Cash Out): Make more informed financial decisions and turn seeing into doing, for $10 per month. The $10 fee is waived if you are enrolled in any combination of Payables, Receivables, or Accounting Software Sync. Learn More »
Frequently Asked Questions

Have questions? We're here to help.

 

Important Legal Disclosures & Information

  1. 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.

  2. The monthly account maintenance fee will be waived on up to four (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 monthly account maintenance fee, transaction and cash deposit fee amounts.

    You will have the option to add more than four (4) beneficiary accounts for an additional $10.00 monthly account maintenance fee for each beneficiary account over four. 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.

  3. 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.  

  4. 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.

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

  6. 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.

  7. 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.

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

  9. 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.

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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