PNC understands the unique financial challenges that wholesalers face, as well as the market trends that impact your business. And, we know that key factors, such as inventory, payment processing and asset management impact your cash flow. That's why we offer our Wholesalers Industry Solutions Checking - to meet your specialized cash flow demands. Take a look below at what this checking account has to offer.
Wholesaler businesses with lower transaction volumes and simpler checking requirements may also want to consider any of our other Business Checking account options.
Contact a PNC Business Banker or call us at 855-762-WHSL (9475) to learn how this product could work for your business.
|Minimum balance to open||$250|
|Monthly maintenance fee||$25|
|Minimum average monthly collected balance requirement to avoid monthly maintenance fee||$0 with qualifying product; $15,000 without qualifying product2|
|Monthly combined transaction3||Up to 1,500 transactions at no charge|
|Monthly limit for free cash deposits||Up to $50,000 at no charge|
|Night bag processing||Free|
|Coin and currency orders4||Free|
|Business check order discounts
(from preferred PNC check vendor, Harland Clarke)
|Up to $100 discount on initial order|
|Free global ATM5||Free at any PNC Bank or non-PNC ATM. ATM surcharges from non-PNC ATMs are reimbursed.|
|Free personal Performance Checking or Virtual Wallet Performance Spend Checking Account6 for business owners||Yes|
|Next-day funding on Visa®, MasterCard®, Discover® and American Express One point® payment processing transactions with PNC Merchant Services®,7.||Yes|
|Remote Deposit Solutions through PNC DepositNow®,8 - streamline your check deposit preparation, manage accounts receivable and eliminate many trips to the bank||First 3 months new DepositNow® service free followed by a $25 monthly discount on the multi feed remote deposit service8|
|Improve Payment Practices|
|PNC Business Credit Cards9||No annual fee|
|Outgoing domestic wire transfers via PINACLE® Express10||25% off|
|PNC Online Payroll11||Available|
|Monitor and Project Cash|
|PNC Online Banking11 and Bill Pay (includes online statements)||Free|
|Invest Excess Cash -- Pursue Financial Well-Being|
|PNC Premium Business Money Market Account12||Promo rate for six months|
|Business Sweep Checking12 links your Industry Solutions Checking with a PNC Premium Business Money Market Account||$5 monthly discount|
|Access to Credit13|
|Rate discounts on Term Loans and Lines of Credit||Available|
|Annual fee discount for newly established Lines of Credit||Annual fee waiver first year, up to $250 each year thereafter|
|Fee discount for newly established Term Loans||25% reduction on standard loan origination fees|
|SBA financing and leasing options14 for qualifying businesses||Available|
|For Referred Business Clients: No minimum balance requirement or monthly maintenance fee on a Basic or Enterprise Checking account||1 year|
- Reduce Costs - With a nationwide network of cash vault sites as well as remote safe solutions, the time and costs associated with collecting and counting cash can be reduced in order to maximize access to working capital.
- Room to grow - Financing options available for new equipment or transportation and working capital needs for inventory.
- Save time - Our Online Banking and Bill Pay, PINACLE® Express and remote deposit products let you bank day or night without trips to the bank.
- Feel Secure - Through PNC Import and Export Services, streamline document exchange, reduce payment or collection risks, and facilitate your financial transactions almost anywhere in the world.
- Earn more - When your business stretches beyond borders, manage foreign exchange risk more effectively, secure pricing and costs, and potentially increase profits and reduce expenses using PNC's foreign exchange consultants.
2 The following are considered qualifying products: Business Sweep Checking, Premium Business Money Market, PNC Merchant Services, Business Term Loan, Business Line of Credit, Business Credit Cards, Visa® Signature BusinessOptions, DepositNow®, PINACLE Express or PINACLE, Cash Logistics Services, Remote Safe Solutions, Zero Balance Account (ZBA).
3 Includes: checks paid, items deposited, deposited tickets, ACH credits received and ACH debits received.
4 Free coin and currency orders are available through a local branch office; excludes coin and currency orders using Cash Logistics Services.
5 PNC charges apply for use of another financial institution's or ATM operator's ATM. Additionally, other financial institutions and/or ATM operators may charge for using their ATMs. PNC will reimburse these fees on the day of the transaction.
6 Please refer to the Consumer Schedule of Service Charges and Fees, and the Business Checking accounts and Related Charges documents. PNC reserves the right to limit the number of free Performance Checking accounts per business relationship.
7 Next-day funding on card transactions processed by PNC Merchant Services when deposited into your PNC Business Checking account. Merchant Services provided by PNC Merchant Services Company and are subject to credit approval. PNC Merchant Services is a registered trademark of PNC Financial Services Group, Inc.
8 DepositNow® is a registered trademark of BServ Inc. Eligibility for DepositNow is subject to bank approval. Customer must maintain a PNC Business Checking account to qualify for DepositNow. Funds may not be available for immediate withdrawal. Please refer to your DepositNow Service Agreement and the applicable funds availability policy for your PNC Business Checking account to determine when your funds will be made available.
9 Subject to credit approval. PNC Bank, National Association is the creditor and issuer of the PNC Business Credit Cards.
10 Other fees for PINACLE Express will apply. Please refer to the Business Checking Accounts and Related Charges document.
11 There may be a fee for certain optional services through Online Banking. Offers, products and pricing are subject to change.
12 Balances swept from your Industry Solutions Checking account will earn interest in a PNC Money Market Deposit account while maintaining the security of FDIC insurance to the maximum permitted by law. Federal regulations prohibit you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by pre-authorized or automatic agreements, telephone or online.
13 All loans subject to credit approval and require automatic payment deduction from a PNC Bank Business Checking account. Origination and/or other fees may apply.
14 Equipment financing and leasing products are provided by PNC Equipment Finance, LLC, and PNCEF, LLC, which are wholly-owned subsidiaries of PNC Bank, National Association.
Bank deposit products and services provided by PNC Bank, National Association. Member FDIC