Why pnc bank

Support is also available via live chat and Twitter. The PNC mobile app is highly rated, earning 4. PNC doesn't charge for overdraft transfers if you link an account as a backup.

Plus, they can decide whether certain transactions should be paid or returned to avoid balances going negative, though the bank has the final say on how to handle transactions.

Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor one star to excellent five stars. Ratings are rounded to the nearest half-star.

Overall bank rating. The scoring formulas take into account multiple data points for each financial product and service. PNC also has a robust range of other offerings:. There are a number of ways you can get support from PNC. Representatives are available by telephone seven days a week.

You can reach a representative at weekdays, 7 a. ET, and weekends, 8 a. With the apps, you can check your account balances, pay bills, transfer money and deposit checks directly from your mobile device. To open a virtual account, you can apply online.

Banking with PNC can be a bit confusing. You'll want to spend some time doing your homework before opening an account. Consider combing through the details on the website or speaking to a customer rep to get your questions answered. Also, if you prefer to bank with a large financial institution with a host of offerings, it might be right for you. Investopedia is dedicated to providing consumers with unbiased, comprehensive reviews of banks.

We collected over 20 data points across more than 80 banks—including products available, interest rates, fees, and accessibility—to ensure that our content helps users make the right decision for their savings and banking needs. App Store. Your Privacy Rights. To change or withdraw your consent choices for Investopedia.

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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Open Account. Cons Harder to open a stand-alone account Caveats to keep in mind to qualify for best interest rates or fees to be waived. Company Overview. Year Founded Official Website www. ET ; Saturday—Sunday, 8 a. ET : Pros Explained. Cons Explained. All account holders get a PNC Banking card for withdrawing cash.

But since it's a savings account, you can face additional charges if you make more than six withdrawals per month. The 'S' is for Savings account is a bank account for children. It doesn't offer much interest, but that's not the goal. It provides an interactive online banking experience and budgeting tools to help young children learn to manage money and save for their financial goals. There is no monthly fee if the account holder is under 18, so it's a cost-effective way to teach kids good financial habits.

But as they get older, they'll probably want to graduate to a savings account with a better APY. The savings portion is called the Growth account. There are four incarnations of the Virtual Wallet account, charging different fees and offering different rates on savings. If you choose the highest tier -- the Virtual Wallet with Performance Select option -- and you deposit a five- or six-figure sum in savings, you qualify for an APY that's far better than the average brick-and-mortar savings account APY.

However, it's still short of what online banks offer. The main advantage of a Virtual Wallet account is that you can manage all your money in one place. You can also quickly transfer funds between your linked accounts. But the Virtual Wallet accounts charge higher maintenance fees than the Standard Savings account, so be sure you meet one of the requirements to waive the fee before you sign up.

Take a look at our list of the best savings accounts or compare a few select CD picks below if you want to find a better rate. PNC Bank's Fixed Rate CDs have a wider range of terms than you typically see -- the shortest is seven days, and the longest is 10 years.

The minimum to open one of these accounts depends on the term. Shorter CD terms usually require a larger minimum deposit. These accounts are traditional CDs, so they charge a penalty if you withdraw funds early. In PNC Bank's case, only withdrawals made after you've had the account for at least seven days are penalty-free.

PNC Bank's Callable CDs have surprisingly low rates and high minimum deposit requirements, plus they carry the risk that your rate could drop over the CD term. The rate changes quarterly, but whether that's good or bad depends on how the Treasury Bill is doing. Variable-rate CDs are rare, in part because it's impossible to predict what kind of return you'll get. But if you're interested in one, give PNC Bank a closer look.

At the end of each six-month period, you have a day window in which you can withdraw your funds penalty-free. This is unusual, but it could appeal to those who are worried about incurring early withdrawal penalties. PNC Bank offers two checking account types. Those who choose the basic Virtual Wallet or the Virtual Wallet Student account won't earn interest on their Spend account funds, though they can quickly transfer money to their interest-bearing Reserve or Growth accounts.

But the APY is pretty low, so you should keep the bulk of your funds in your Growth account if you want the most interest. The bank will also reimburse you for a few out-of-network ATM fees per month. All of these accounts have maintenance fees, so check the requirements to waive them before you sign up. It's an interest-bearing checking account intended for short-term savings. All tiers of the Virtual Wallet account include this, and all offer the same fairly low interest rate.

Some interest is better than none when it comes to a checking account, but the PNC Bank Virtual Wallet's Growth account is where you should stash the money you want to earn the most interest on. The key advantage of the Reserve account is that it's a checking account, not a savings account, so there are no monthly limitations on withdrawals.

If you anticipate needing to take money out more than six times per month, the Reserve account is a good place to keep these funds. Though PNC Bank offers a robust selection of checking accounts, it might not have what you're looking for.

Our experts compiled a list of the best checking accounts in the industry -- if you're looking for alternatives to PNC Bank checking accounts, that list is a great place to start. PNC Bank earned a 4 out of 5 rating in the J.

Power U. That's a little surprising -- in a good way. Banks , particularly large ones, tend to receive more complaints than praise. The above reviews suggest PNC Bank does a good job of keeping most of its customers happy. Customer service is a cornerstone of a brick-and-mortar bank's business, because it's the primary advantage they hold over online banks. So the fact that PNC Bank does so well here gives them an edge over many of their competitors, particularly for those who still like to do their banking at a branch.

The sign-up bonuses it offers on its Virtual Wallet accounts are its flashiest perk.