For instance, if you live in a state that offers the bank's high-yield savings account it may be a worthwhile option for you to explore. You may like PNC Bank if you're able to get the accounts you want in the state that you live in. We've compared PNC with Capital One, another bank with physical and digital banking capabilities. But nine months later, the bank let him open more accounts. In 2014, PNC had suspected the man of running a scheme and closed his bank accounts. In 2019, PNC was accused of aiding a man in carrying out a fake debt relief project, which cost customers a total of $85 million. A good BBB rating signifies a company responds effectively to customer complaints, has honest advertising practices, and is transparent in how it handles business.ĭespite PNC's great BBB score, the bank has had one recent public scandal. The Better Business Bureau gives PNC Bank an A+ rating. Your PNC accounts are FDIC insured for up to $250,000, or $500,000 for joint accounts. The bank also has a live chat function, but you'll have to check back later if all representatives are busy there's no way to queue. To contact customer support, call Monday through Friday between 7 a.m. You also have the option to pay or return individual checks and payments made using your checking account when your balance is negative. The perk, available through the bank's mobile app, gives you at least 24 hours to bring your account balance to $0 before you're charged overdraft penalties. PNC has a feature for its Spend account to help avoid overdraft fees called Low Cash Mode. PNC received 4.8 out of 5 stars in the Apple store and 4.4 out of 5 stars in the Google Play store. Otherwise, you'll have to open a standard savings account. For example, you can only access high-yield savings options if you live in an eligible market. Your decision to bank with PNC could largely depend on whether you live near a branch. Here are the states with brick-and-mortar locations: PNC Bank has around 2,400 branches across 29 US states and Washington DC. You may have to maintain a $5,000 balance to avoid the $12 monthly service charge. You'll want to be mindful of monthly service fees on the account, though. In certain markets, you can earn up to 1.75% APY on account balances of $1 million or more. The PNC Premiere Money Market Account might be a decent choice depending on where you live. Show Pros, Cons, and More chevron down icon An icon in the shape of an angle pointing down. Low Cash Mode® helps prevent overdraft fees on Spend account It indicates a confirmation of your intended interaction. Reserve and Growth funds can act as overdraft protection for the Spend account Performance Select reimburses $10/month and there are no PNC charges Performance Spend reimburses up to $5/month in out-of-network ATM fees charged by providers Access to Spend (checking account), Reserve (interest checking account), and Growth (savings account) No minimum opening deposit to open online
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