Pros

Strong online and mobile tools, and many customer service options.
9,000 fee-free ATMs and 2,600 branches in about 20 states and Washington, D.C.

Cons

0.01% APY on savings account; better rates available elsewhere.
$36 overdraft fee can be charged four times daily.

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Overall

3.5

At PNC Bank, the sixth-largest bank in the country by assets, customers can earn a up to $300 sign-up bonus with a checking, short-term savings and long-term savings combo called Virtual Wallet. The trio of products — named Spend, Reserve and Growth, respectively — come with a nice set of online management tools. But the interest rate on savings is low, and it takes effort to avoid monthly fees on the checking account.

 

Ratings methodology | Updated March 7, 2019

Checking

4

Virtual Wallet Spend, one of PNC’s basic checking accounts, has free mobile banking and online bill pay. If you use a non-PNC ATM, the bank may also reimburse some ATM usage fees, depending on where you live, though the ATM machine’s owner could still charge a separate fee.

 

Virtual Wallet Spend has a $7 monthly fee that can be avoided in a few ways, including monthly direct deposits of $500 and average combined balances of $500.

Savings Account
APY
0.01%
Min. balance for APY
$1

at PNC,

Member, FDIC

How does PNC compare?

PNC

SAV2.5K

NerdWallet Rating

APY

0.01%

Monthly Fees

$5

Bonus features

2,000+ branches

Mobile-friendly

Goldman Sachs Bank USA

Online Savings

NerdWallet Rating

at Goldman Sachs Bank USA,

Member, FDIC

APY

2.25%

Monthly Fees

$0

Bonus features

No Monthly Fee

Competitive APY

American Express National Bank

High Yield Savings Account

NerdWallet Rating

at American Express National Bank,

Member, FDIC

APY

2.10%

Monthly Fees

$0

Bonus features

Competitive APY

Live help 24/7

No Monthly Fee

Not for you? Read more bank reviews
NerdWallet reviews are the result of independent research by our editorial team while accountholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews.
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
Former customer tired of poor customer service
Exorbitant fees without notice on my checking account that was promised as no fees. Called customer service and the woman said I should have received a letter, which I did not. I am a hoarder. I throw away nothing. Then she said it was on the statements, which it was not. The fees drained away 60% of the money in the account, granted it was only a $50 account. The when I tried to close the account she asked for transactions on the account which I told her were $15 fees. Apparently, not good enough. When I adke for a manager, she said, well there is a long wait. At the point someone is so upset they ask for a manager, just stop talking and put them on hold. This was not the first issue with them. The last issue which I was never able to get resolved was access to online banking. The no customer service number couldn't find a way to help me them. accts closed the 4th to come. You will get no money from me again!
Overall
Customer service
Poor
Website / app
Poor
Rates
Poor
Fees
High
No MFA
Anyone on the internet who guesses your login ID can lock you out of your account forever. PNC does not use any form of phone/app or other multi-factor authentication so if anyone every tries to log into your account it will lock you out and cause you to have to jump through all their security hoops again. It has happened 3 times in 3 weeks to me and all PNC would say is "you should really change your user ID". Awful security model that intentionally opens up every one of their members to simple denial of service attacks. Run away!
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