Here’s another bonus from one of my local banks, though the bank, PNC Bank, isn’t really a local, as Amboy Bank. The reason I bring up this offer is that I am thinking of getting a business checking account. One requirement I have for this checking account is that it has to have local offices so I can walk in to deposit a check if I have to. Online banks are fine for savings, but for checking I still prefer brick & mortar. This offer, good for both business and personal checking, then comes at the right time because PNC Bank actually is one of my candidates along with Bank of America. I might just get one for myself and pocket the bonus.
PNC Bank At A Glance
According to the FDIC, PNC Bank was established on January 1, 1804, with its headquarters in Pittsburge, PA.
PNC Bank, National Association has been FDIC insured since January 1, 1934.
Its main office (headquarters) is located at:
249 Fifth Avenue, 1 Pnc Plaza
Pittsburgh, Pennsylvania 15222
County of AlleghenyPNC Bank, National Association has 1151 Domestic Branches (Offices) located in 9 state(s) and 11 Foreign Offices.
PNC Bank’s FDIC certificate number is 6384. Bankrate.com’s Safe & Sound Ratings puts ranks PNC Bank at 3 stars out of 5. PNC Bank routing number is 03100005.
These High-Yield Savings Accounts let you earn more with your money:
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PNC Bank Business Checking Account Reviews
There are two business checking accounts from PNC Bank that I am interested in. What I want is an account with low cost, it would be the best if the account is free, that is, no monthly fee. The first account, Free Business Checking, is precisely the type I’d like to have: No fee. The account requires only $100 minimum to open and there’s no balance requirement to avoid a fee because, well, it’s free. With this account, you get up to 200 monthly transactions for free ($0.50 per transaction when over the limit). The account is good for small business with a small cash deposit each month. If you deposit $5,000 or less monthly, there will be no extra charge from Free Business Checking Account. However, there will be $0.50 fee for every $100 deposit over than limit.
The other account I am interested in is Business Basic Checking, which requires $100 minimum to open an account, but $2,500 minimum balance to avoid the $16 monthly fee. With this account, you will get more benefits, especially if you make more transactions and receive more payments: 300 free� monthly transactions and $10,000 free monthly deposit limit. You can also enjoy free global ATM transactions at any ATM, whether it’s owned by PNC Bank or not.
With either account, you will also get:
- PNC Bank Business Visa Check Card;
- Free online banking and bill pay;
- Extra rewards points when enrolling in PNC free Visa Extra program;
PNC Bank Checking Accounts Reviews
As for personal checking, PNC offers three checking accounts with Free Checking being the basic. With PNC Free Checking, you can open an account with as little as $25 and the account doesn’t charge a monthly fee. In addition, you will also get free online banking and unlimited bill pay and a free Visa check card which you can use to withdraw cash from PNC ATMs with no cost. If your account balance is $2,500 or more, you will get reimbursement for ATM fees charged by other banks. The Free Checking Account is also eligible for the Visa Extra Rewards Program.
In addition to the Free Checking, PNC Bank also have Performance Checking ($2,000 minimum balance to avoid fee, earn 0.15% APY for balance from $2,000 to 10,000) and Performance Select Checking ($10,000 minimum balance to avoid fee, same tiered interest rates as Performance Checking), both including free ATM transactions in the world.
PNC Bank Checking Accounts $75 Bonus Offers
From now till January 31, 2009, PNC Bank is having a promotion that will give any new checking account, business or personal, a $75 bonus. For personal checking, direct deposit is required in order to receive the bonus:
The payout of $75 will be credited to the eligible account within 7 days of the first Direct Deposit, which must occur before 3/31/09. The payout will be identified as Direct Deposit Reward on your monthly statement. A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account. The minimum amount of any single Direct Deposit must be at least $500. The Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits. Offer available to new PNC Bank checking account customers only. Offer may be extended, modified or discontinued at any time and may vary by market.
Note that as stated in the T&C above, automatic and regular ACH transfers from other external banks don’t qualify as direct deposit. For business checking,
Offer requires the opening of a new PNC Bank Free Business Checking, Business Basic Checking, Business Enterprise Checking, Analysis Business Checking, Non-Profit Checking, Retail Businesses Checking, Medical Professionals Checking or Real Estate Services Checking account by January 31, 2009 and enrollment in online banking by February 27, 2009. $75 cash bonus will be credited to your new PNC Bank Business Checking account by May 31, 2009. Offer not available for PNC Business Checking accounts opened using an individual’s Social Security number. Fees may apply to the account.
which seems to be less strict than those for personal checking.
One Comment
Had an acct with them for 3 weeks and ready to go somewhere else. Customer service stinks and they only care about getting your money. They could care less about you. They are holding deposits for days and I cant get the branch manager to call me back. Must be hiding in his fancy office, laughing his butt off, rolling in the money