PNC Bank Review 2024 | Bankrate (2024)

On This Page

At a glance

PNC Bank Review 2024 | Bankrate (1)

4.0

Rating: 4 stars out of 5

Bankrate Score

CDs

Rating: 3.7 stars out of 5

Checking

Rating: 4.2 stars out of 5

Savings

Rating: 4.5 stars out of 5

MMA

Rating: 2.6 stars out of 5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

About Bankrate Score

Overview

PNC Bank stands out for its digital banking tools and offers competitive interest rates in some states. But if you don't live in those select states and are looking for the highest yields possible, consider banking elsewhere for better rates.

Highlights

  • Digital Leader
  • Highly Rated App

Sponsored offers

Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.

These are sponsored offers rated highly by us for competitive rates, fees, and minimums.

PNC Bank Review 2024 | Bankrate (2)

Member FDIC

Savings Account

4.25

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 4.4 stars out of 5

Bankrate Savings rating = 4.4/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$1

Min. balance for APY

View offerArrow Right

Promoted offer:

PNC Bank Review 2024 | Bankrate (4)

Member FDIC.

Savings Account

5.25

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 5 stars out of 5

Bankrate Savings rating = 5/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offerArrow Right

Promoted offer: No fees. Easy deposits and quick withdrawals.

PNC Bank Review 2024 | Bankrate (6)

Member FDIC

Savings Account

5.30

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 4.9 stars out of 5

Bankrate Savings rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

Min. balance for APY

View offerArrow Right

Promoted offer: No account fees, unlimited withdrawals, better for the planet

Overall

PNC Bank offers a full suite of deposit products, with branches in parts of the Northeast, South and Midwest as well as on the West Coast. While the bank offers competitive rates to customers who live in certain states, those who live elsewhere earn yields below the national average. The bank offers a well-rated mobile app that incorporates tools for money management.

PNC Bank was named the most trusted bank as part of the 2023 Bankrate Awards, where the best financial products of the year were determined.

Pros

  • It boasts a competitive APY on its online-only savings account (only available in certain states).

  • PNC supports around 2,400 branches and offers access to around 60,000 fee-free ATMs.

  • The bank provides above-average digital banking features.

Cons

  • At $36, its overdraft fee is higher than average.

  • Navigating and comparing various bank products online can be difficult.

  • PNC’s high yield savings account option is only available in certain states.

PNC Bank Review 2024 | Bankrate (18)

We want to know what you think about PNC Bank

Do you have experience with PNC Bank? Let us know your thoughts.

PNC Bank banking products

4.5

/5

Rating: 4.5 stars out of 5

See methodologyCompare savings rates

SCORE BREAKDOWN

APY offering:

4.65%

Rating: 5 stars out of 5

5/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$1.00

Rating: 5 stars out of 5

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

Rating: 5 stars out of 5

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

Rating: 5 stars out of 5

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

N/A

Rating: 0 stars out of 5

0/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

FEATURES

PNC Bank savings overview

PNC’s Virtual Wallet Pro, which combines checking and savings services, offers a competitive yield with the Growth option, and it doesn’t require a minimum opening deposit. The account isn’t tiered, and the minimum balance to start earning this APY is $1.

However, the account isn’t available in all states, so not everyone will have access to the product. Customers who live in states with PNC branches earn a much lower yield on its Standard Savings account.

Pros

  • PNC’s high yield savings account option offers a top-tier APY in certain states.

  • The account comes with an ATM card.

  • The account doesn’t charge a monthly service charge.

Cons

  • The PNC Virtual Wallet Pro account isn’t available in all states.

  • There’s a six-per-month restricted transactions limit; PNC will charge a $3 fee each time for going beyond that maximum.

  • See how rates for this account have changed over time.Interact with the trend lines to view APY by date.

    PNC Bank

    APY

    APY last updated between 5/17 and 5/23.

    APY

    APY last updated between 5/17 and 5/23.

    National average APY

    How do we get this data?

    Bankrate independently tracks hundreds of APYs and product details for banking institutions nationwide. We retain the historical data of every rate we track in our database. If there are any gaps where we weren’t actively tracking a rate at the time, the graph will reflect the missing data.

Compare Offer

Sponsored Offer

Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

PNC Bank Review 2024 | Bankrate (19)

Member FDIC

Savings Account

4.25

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 4.4 stars out of 5

Bankrate Savings rating = 4.4/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$1

Min balance for APY

View offerArrow Right

Promoted offer:

3.7

Rating: 3.7 stars out of 5

Bankrate Score

Compare top CD rates

FEATURES

PNC Bank CD overview

PNC Bank customers have access to a wide range of CD terms. However, all CDs must be opened at a branch. In addition to traditional CDs, the bank offers Ready Access CDs, which allow you to withdraw the funds without penalty as soon as seven days after you open the account.

The 13-month CD, which is the CD term Bankrate scored, only requires $1,000 to open. However, you can find more competitive CD rates at a variety of other banks.

Currently, the bank also offers a variety of promotional CD terms that range from four months to 61 months.

Pros

  • Customers interested in CDs have many different term options.

  • Ready Access CDs provide penalty-free access to the funds seven days after account opening.

  • PNC’s CDs require a relatively low minimum deposit.

Cons

  • All CD yields are low compared with what online banks offer.

  • CDs can only be opened at branches, which aren’t available in every state.

Compare Offer

Sponsored Offer

Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

PNC Bank Review 2024 | Bankrate (21)

Member FDIC

CD

5.10

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 4.9 stars out of 5

Bankrate CD rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$500

Min. deposit

6mo

Term

View offerArrow Right

Promoted offer:

2.6

Rating: 2.6 stars out of 5

Bankrate Score

Compare top money market rates

PNC Bank money market overview

PNC’s Premiere Money Market Account is offered with a standard rate, as well as higher relationship rates for those who have additional accounts with PNC. The standard rate is minimal, and while the relationship rates are somewhat higher, they’re still significantly lower than what you can find at online banks.

Receiving $2,000 in qualifying direct deposits in the previous calendar month or making at least five debit card transactions with your Performance Select Checking account are examples of how to get a higher APY.

While there’s no minimum deposit requirement, you’ll need to keep at least $5,000 in this account, or link it to a PNC checking account, to avoid the $12 monthly service fee.

The Premiere Money Market account comes with a PNC banking card that can be used at ATMs but not for debit purchases.

Pros

  • There’s no minimum deposit requirement.

  • An ATM card is available with this account.

Cons

  • This account doesn’t support check-writing privileges.

  • You can find higher yields elsewhere.

4.2

Rating: 4.2 stars out of 5

Bankrate Score

Compare top checking rates

PNC Bank checking overview

The Spend account is part of PNC’s Virtual Wallet, which is the bank’s digital money management tool. This non-interest-bearing account requires a minimum deposit of $25 to open at a branch and $0 to open online. The account’s $7 monthly maintenance fee can be avoided in several ways, including receiving at least $500 in direct deposits or being at least 62 years of age.

In addition to checks, a debit card is included with the Spend account, along with fee-free access to around 60,000 ATMs nationwide.

Those who qualify for Virtual Wallet with Performance Spend — which requires a higher minimum balance of $2,000 to avoid its $15 monthly fee among other ways to waive — get reimbursed for two out-of-network ATM fees per statement cycle, as well as up to $5 in other banks’ ATM surcharges.

As part of its Virtual Wallet, PNC also offers a secondary, interest-bearing checking account called Reserve that bears nominal interest and does not require a minimum opening deposit or charge a monthly service fee.

The virtual wallet tool offers features like alerts if you’re low on cash to help you avoid overdrawing your account.

Pros

  • No minimum deposit is required to open the Spend account.

  • Around 60,000 fee-free ATMs are available nationwide.

  • The bank’s mobile app includes visuals that help you understand where your money is going.

Cons

  • Those who are under age 62, or who don’t meet minimum balance or direct deposit requirements, won’t be able to avoid the monthly service fee.

  • Customers are charged $36 for each overdraft, although the fee is capped at one per day.

Compare Offer

Sponsored Offer

Offers featured here have been sponsored which impacts how, where, and in what order the products appear. Not all offers are displayed on this page.

This is a sponsored offer rated 4 stars or higher for competitive rate, fees, and minimums.

PNC Bank Review 2024 | Bankrate (23)

Member FDIC

Checking Account

0.50

%

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account.

As of 5/24/2024

Rating: 4.9 stars out of 5

Bankrate Checking rating = 4.9/5

Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

$0

To open

$0

To avoid fees

View offerArrow Right

Compare more:Bankrate's best high-yield savings account offers

Bank fees

FeeCharged?
Overdraft fee$36
Non-sufficient funds feeNone
Monthly maintenance feeVaries by account
Out-of-network ATM fee$3
Excessive transaction fee$3

Find out:Tips to avoid common bank fees

Customer experience

Customer support

Physical Presence. PNC Bank offers branches in 28 states and the District of Columbia, and some of its deposit accounts can be opened online. The bank offers access to around 2,400 branches.

High customer satisfaction. While PNC’s overall customer satisfaction varies by region, the bank mostly received positive scores in J.D. Power’s 2023 U.S. Retail Banking Satisfaction Study.

Customer service. PNC customer service representatives can be reached by phone seven days a week. On weekdays, they’re available from 8 a.m. until 9 p.m. Eastern. On weekends, you can reach them from 8 a.m. until 5 p.m.

Digital experience

Highly rated mobile app. PNC Bank’s mobile app receives high marks on both the Apple App and Google Play stores. Collectively, more than 1.5 million users have reviewed the app. The app offers access to a Virtual Wallet tool that allows you to set up savings goals and view a calendar of upcoming bill payments and paydays. “I like the Virtual Wallet account and how I can quickly see a summary of checking and savings balances together,” said a Bankrate staff member who banks at PNC. “PNC also groups purchases together into categories so it’s convenient for budgeting and seeing how much you’ve spent in a given category, such as restaurants, each month.”

Also included is a color-coded “Money Bar” that shows how much of your money is scheduled for bills and savings goals, as well as what’s available to be spent. The app offers unique digital features such as customizable alerts and voice banking, though the latter is “time consuming and frustrating,” according to a Bankrate staff member. “I’d like to be able to reach an agent for assistance quickly.”

Scheduled payment functionality. It isn’t possible to see future scheduled payments for online bill pay on the app, according to a Bankrate staff member with access to the account. Instead, you must log into your account through the website. “If I quickly want to double check that I’ve scheduled to pay my water bill, it cannot be confirmed in the app.”

Bankrate staff insights

“I’ve been banking with PNC for 18 years,” said a Bankrate staff member who uses PNC personally. “Overall, I like the organization of the accounts with having quick visibility into all my accounts through the Virtual Wallet dashboard. I also appreciate their budgeting and savings tools.”

Featured customer reviews

The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews. Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers. Some reviews may be edited for length and clarity.

NUFAN67

Apr 1, 2023

Does anyone have a PNC HYSA?

I opened a PNC high-yield savings account (HYSA) a few months ago. The website is a little clunky compared with [Bank of America], but otherwise, I have been very happy. If you need money in a rush, simply wire transfer to another bank or for small denominations use a service such as Venmo. As other posters have said, there are higher yielding savings accounts available.

beowulf90210

Apr 1, 2023

PNC offering 4% on savings now?

That's a good rate, but I still only trust Ally, Capital One and Marcus to be consistent leaders. I used to chase higher rate offers, but they would always drop the rates way below market within a year and it just wasn't worth the hassle.

Our editor's take

There are multiple ways to transfer money out of PNC accounts, but customers should be aware that domestic wire transfers at PNC come with a fee.

PNC Bank recently started offering a higher rate for its Virtual Wallet Pro account, but it’s only available in select states — typically where PNC branches aren’t found. You’ll find consistently high rates without that barrier at other banks.

About PNC Bank

Founded as Pittsburgh Trust and Savings Co., PNC Bank is one of the largest banks operating in the U.S. It offers a full suite of retail, commercial and small-business products.

In 2008, it acquired the troubled Cleveland-based National City Corp. That transaction roughly doubled the bank’s size. In June 2021, PNC acquired BBVA USA.

Learn more:PNC savings account rates

How PNC Bank compares to other banks

Compare different account types offered by PNC Bank. Annual percentage yields (APYs) shown were updated between May 17, 2024 and May 23, 2024.

Selected bank

PNC Bank savings account

PNC Bank Review 2024 | Bankrate (25)

Member FDIC

Bankrate score

Rating: 5 stars out of 5

5.0

Bankrate Savings rating = 5.0/5

Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.

Most comparable

EverBank (formerly TIAA Bank) savings account

PNC Bank Review 2024 | Bankrate (26)

Member FDIC

Bankrate score

Rating: 5 stars out of 5

5.0

Bankrate Savings rating = 5.0/5

Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.

Read review

PNC Bank Review 2024 | Bankrate (27)

Bankrate score

Bankrate Savings rating

Bankrate scores are objectively determined by our editorial team. Annual percentage yields (APYs), minimum opening deposit requirements and minimum balances to avoid monthly service fees are some of the things that make up Bankrate’s score.

Read review

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 17, 2024 and May 23, 2024.

4.65%5.15%

Minimum balance for APY

$1.00$0.00

Estimated earnings

Interest earned calculation based on a $25,000 deposit amount for a period of 1 year and is rounded to the nearest dollar. Exact earnings are dependent on calendar year, balance, and compounding frequency. Minimum deposit rules may apply.

$1,163$1,288
PNC is known for being one of the largest banks. It’s also known for having a competitive yield — through its PNC High Yield Savings account — in certain markets. This high-yield savings account doesn’t require an opening deposit and doesn’t have a monthly service fee.The EverBank Performance Savings account earns a highly competitive APY, and there’s no minimum opening deposit or monthly service fee.
  • PNC’s High Yield Savings account doesn’t require an opening deposit.
  • It offers a competitive yield and has no monthly maintenance fee.
  • You can deposit checks through PNC’s app.
  • The account earns a highly competitive APY
  • There’s no monthly service fee
  • You can deposit checks into the account via a mobile device
  • The Performance Savings account doesn’t have a minimum opening balance requirement

    N/A

  • Your account might be closed if you have a zero balance for 180 days.
  • This account might not be available in all areas.
  • Some savings accounts offer slightly higher yields

    N/A

APY offering:

4.65%

5/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$1.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

N/A

0/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

APY offering:

5.15%

5/5

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

Minimum balance to earn interest:

$0.00

5/5

The lowest deposit amount an account must have before it can earn interest.

Monthly service fee:

$0.00

5/5

A monthly charge a financial institution deducts from an account if certain requirements are not met.

Minimum balance to avoid fee:

$0.00

5/5

The lowest balance an account must maintain in order to avoid a fee.

Access to funds:

Great

5/5

A procedure that allows an individual or organization to access and manage the funds of another account holder.

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest.

The lowest deposit amount an account must have before it can earn interest.

A monthly charge a financial institution deducts from an account if certain requirements are not met.

The lowest balance an account must maintain in order to avoid a fee.

A procedure that allows an individual or organization to access and manage the funds of another account holder.

Bankrate does not currently track additional product details for this bank.

Selected bank

PNC Bank checking account

PNC Bank Review 2024 | Bankrate (28)

Member FDIC

Bankrate score

Rating: 4.2 stars out of 5

4.2

Bankrate Checking rating = 4.2/5

Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.

Most comparable

Wells Fargo checking account

PNC Bank Review 2024 | Bankrate (29)

Member FDIC

Bankrate score

Rating: 4.5 stars out of 5

4.5

Bankrate Checking rating = 4.5/5

Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.

Read review

PNC Bank Review 2024 | Bankrate (30)

Bankrate score

Bankrate Checking rating

Bankrate scores are objectively determined by our editorial team. Minimum balances to avoid monthly service fees, whether the bank has a monthly service fee, minimum opening deposit requirements, fees to use out-of-network ATMs and overdraft fees are some of the things that make up Bankrate’s score.

Read review

APY

APY, or annual percentage yield, is the yearly return on a bank or investment account. APY includes the effects of compounding interest. APYs last updated between May 17, 2024 and May 23, 2024.

0.01%0.01%

Minimum balance to open

$0.00$25.00
The Spend account is part of PNC’s Virtual Wallet, which is the bank’s digital money management tool. This non-interest-bearing account requires a minimum deposit of $25 to open at a branch and $0 to open online. The account’s $7 monthly maintenance fee can be avoided in several ways, including receiving at least $500 in direct deposits or being at least 62 years of age.In addition to checks, a debit card is included with the Spend account, along with fee-free access to around 60,000 ATMs nationwide. Those who qualify for Virtual Wallet with Performance Spend — which requires a higher minimum balance of $2,000 to avoid its $15 monthly fee among other ways to waive — get reimbursed for two out-of-network ATM fees per statement cycle, as well as up to $5 in other banks’ ATM surcharges.As part of its Virtual Wallet, PNC also offers a secondary, interest-bearing checking account called Reserve that bears nominal interest and does not require a minimum opening deposit or charge a monthly service fee.The virtual wallet tool offers features like alerts if you’re low on cash to help you avoid overdrawing your account.Wells Fargo has four checking accounts to choose from. We reviewed the Everyday Checking account. Wells Fargo’s Everyday Checking account requires $25 to open. There’s a $10 monthly maintenance fee, but it can be waived numerous ways.You can also waive the monthly fee by: Maintaining a $500 minimum daily balance. Having at least $500 in qualifying direct deposits during the statement cycle. Being between ages 17 and 24 as the primary account holder. Having a Campus ATM card from Wells Fargo or a Wells Fargo Campus debit card.While many banks have eliminated or reduced their overdraft fees, the Everyday Checking account still charges a $35 overdraft fee, which is higher than the industry average. Another checking option is the Clear Access Banking account for teens and students. The account’s $5 monthly fee is waived for 13- to 24-year-olds. The account doesn’t have overdraft fees since overdraft protection isn’t offered, but it also doesn’t have check-writing privileges.There’s also an interest-bearing Prime Checking account, but you must have $20,000 in the account to avoid the $25 monthly fee.
  • No minimum deposit is required to open the Spend account
  • Around 60,000 fee-free ATMs are available nationwide
  • The bank’s mobile app includes visuals that help you understand where your money is going
  • An Everyday Checking account can be opened with only $25
  • The monthly fee is avoidable with $500 or more in monthly direct deposits
  • You get all the features of modern banking through Wells Fargo’s mobile app, including person-to-person transactions through Zelle

    N/A

  • Those who are under age 62, or who don’t meet minimum balance or direct deposit requirements, won’t be able to avoid the monthly service fee
  • Customers are charged $36 for each overdraft, although the fee is capped at one per day
  • The Everyday Checking account charges a $10 monthly fee unless you meet certain criteria
  • Wells Fargo’s Prime Checking account earns interest, but it requires at least $20,000 across linked accounts to avoid its $25 monthly fee
  • For accounts with overdraft protection, the overdraft fee is a lofty $35
  • Clear Access Banking is an account that doesn’t have check-writing privileges

    N/A

PNC Bank vs. Chase

As some of the largest banks in the U.S., both PNC and Chase have large branch networks scattered across the country. However, Chase’s network is about double the size of PNC’s, so if you prioritize having access to your cash anywhere you go, Chase may be the better choice.

That noted, PNC offers much higher yields on its savings products compared to Chase’s rock-bottom APYs. If you’re primarily looking for an account that will grow your savings, PNC may be the better option for you.

Both banks rely heavily on monthly fees. Though the fees can be waived, there are many banks out there, particularly online-only banks, that feature accounts without the fees. Moreover, both PNC and Chase still charge hefty overdraft fees.

Learn more:The best banks of 2024

PNC Bank FAQs

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.

PNC Bank Review 2024 | Bankrate (2024)

FAQs

How safe is PNC Bank right now? ›

PNC always:

Guards Online Banking transactions, including Online Bill Pay with encryption and passwords, and masks all account numbers from online transmission. Limits the amount of ATM withdrawals. Offers zero liability if your PNC Bank Debit Card or PNC Bank Visa Platinum Select Rewards Credit Card is used ...

Is PNC a good bank reviews? ›

Alyssa is a MarketWatch Guides team editor covering personal finance, insurance and loans. Our PNC Bank review gives the company 4.1 out of 5 stars overall based on its high customer satisfaction scores, accessibility and great mobile app.

Is PNC going under? ›

The Probability of Bankruptcy of PNC Financial Services Group Inc (PNC) is 6% . This number represents the probability that PNC will face financial distress in the next 24 months given its current fundamentals and market conditions.

Is PNC Bank financially stable? ›

Tuesday, Oct. 17, 2023 2:49 p.m.

Is it safe to keep money in PNC Bank? ›

PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.

Is PNC a too big to fail bank? ›

Is PNC a "too big to fail" bank? If measured by the "too big to fail" standard detailed by the Financial Stability Board's list of Global Systemically Important Banks (G-SIBS), PNC Bank is not on this list as of its latest report (November 2023).

What are the disadvantages of PNC Bank? ›

PNC Bank has high overdraft fees but it also offers some easy, free ways to avoid them. If a transaction causes your account to go more than $5 negative, the fee is $36 per item and can be charged a maximum of once per day. PNC offers a Low Cash Mode program, which is available with Virtual Wallet accounts.

What is the weakness of PNC? ›

Weaknesses. Despite its formidable presence, PNC faces challenges such as operational risks associated with the integration of BBVA USA. This includes cultural assimilation and system harmonization.

Which bank is better, Chase or PNC? ›

The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.

Is PNC Bank China owned? ›

PNC Bank is a subsidiary of The PNC Financial Services Group, Inc., a U.S.-based bank holding company headquartered in Pittsburgh, Pennsylvania, and founded in 1845.

Why are people protesting PNC Bank? ›

A group of about 20 activists and protesters gathered in front of PNC Bank's headquarters Downtown on Wednesday morning to call on the financial giant to divest from companies that manufacture weapons for the nation's military — some of which could be used in the Israel-Hamas conflict, they said.

Is PNC Bank merging with another bank? ›

BBVA customers will find their branches being converted to PNC Bank. Pittsburgh-based PNC Bank closed its acquisition of BBVA's American banking business in June, and BBVA customers who haven't already seen changes to their deposit, credit or investment accounts should experience them by early October.

What is the rating on PNC Bank? ›

PNC Bank, N.A.
CreditMoody'sDBRS
Long-term depositsAa3AA (low)
Short-term depositsP-1R-1 (middle)
Short-term notesP-1R-1 (middle)
LT Counterparty Risk AssessmentA1-
4 more rows

Where does PNC rank in banking? ›

List of largest banks in the United States
RankBank nameMarket capitalization (billions of US$ as of 12/31/2023)
8PNC Financial Services$61.68
9Truist Financial$49.24
10TD Bank, N.A.$100.30
11Charles Schwab Corporation$125.39
69 more rows

Is PNC secure? ›

An Added Layer of Security

Protecting your personal and financial information is one of our top priorities. That's why we offer you these security features that add a dual-layer of protection to your online account.

What bank is PNC taking over? ›

The simultaneous conversion of BBVA USA customers and employees to PNC's network and platforms was completed, and BBVA USA branches in Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico reopened October 12, as PNC Bank locations.

Top Articles
Latest Posts
Article information

Author: Kelle Weber

Last Updated:

Views: 5524

Rating: 4.2 / 5 (53 voted)

Reviews: 92% of readers found this page helpful

Author information

Name: Kelle Weber

Birthday: 2000-08-05

Address: 6796 Juan Square, Markfort, MN 58988

Phone: +8215934114615

Job: Hospitality Director

Hobby: tabletop games, Foreign language learning, Leather crafting, Horseback riding, Swimming, Knapping, Handball

Introduction: My name is Kelle Weber, I am a magnificent, enchanting, fair, joyous, light, determined, joyous person who loves writing and wants to share my knowledge and understanding with you.