As the world of personal banking continues to evolve, PNC Bank has developed a full suite of services to meet diverse financial needs. From managing daily expenses to preparing for major milestones or getting approved for loans, PNC Bank has the right tools to help keep you on track toward financial success.
A Review of PNC Bank Personal Banking Products
PNC Bank PNC Bank, based in Pittsburgh, Pennsylvania, has many branches and personal banking products and services. These products range from checking and savings accounts to credit cards, personal loans, and investment services, all designed to cater to the specific needs of individuals and families.
PNC Bank Personal Banking Highlights
Variety of Checking and Savings Accounts
PNC Bank offers a number of checking and savings account options, each with its own features that may meet your banking needs:
- Virtual Wallet®: A combination account with checking, savings and budgeting features, it includes digital payments, mobile check deposits, bill pay and budgeting tools to help you take control of your money. PNC Bank
- Standard Checking: This account is tailored for everyday transactions and comes with services like online bill pay, mobile banking, and access to PNC’s large ATM network. PNC Bank
- Standard Savings Account: Ideal for short- and longer-term savings goals, its features include unlimited deposits and six free withdrawals per month. In order to have the $5 monthly service charge waived you need to have an average monthly balance of $300, set up a $25 automatic transfer from a PNC checking account or be under 18 years of age. PNC Bank+2PNC Bank+2PNC Bank+2GOBankingRates+2MarketWatch+2PNC Bank+2
- PNC Growth Account: This account is one of the three accounts that make up the Virtual Wallet bundles. There’s no minimum opening deposit, and you’ll get relationship rates as long you meet certain criteria, like making five or more debit card purchases or having eligible direct deposits.
This will provide you with personalized financial guidance.
PNC’s wealth of financial advisors provide personalized guidance as you make all sorts of fiscal decisions:
- Retirement Planning: Get help with establishing retirement accounts, determining how much to contribute, and selecting suitable investment options to build a comfortable nest egg for retirement.
- Saving: Discover how to save for retirement, a home, a child’s education, and other life goals.
- Wealth Management Services: Here you will find personalized strategies designed to grow and protect your wealth, whether through investment options, estate planning services or other strategies.
Multiple Loans and Line of Credit Options
For those looking for financial assistance, PNC has multiple loan products:
- Personal Loans: Unsecured loans of $1,000 up to $35,000 with competitive APRs. Your APR performance is dependent on many factors like creditworthiness, term length(s), or total loan amount(s). A higher credit score and shorter loan term, for example, might make you eligible for a lower APR.
- Lines of credit: Access revolving credit lines from $1,000 to $25,000 so you can borrow as needed and only pay interest on what you use.
- Home equity options: Use your home equity for bigger expenses through home equity loans or lines of credit, usually at competitive interest rates.
Transparent Fee Structure
It’s important to understand the costs related to banking services:
- Monthly Maintenance Fees: The Standard Checking account, for instance, charges a $7 monthly fee that can be waived by keeping a $500 minimum balance or receiving at least $500 in qualifying direct deposits. GOBankingRates+1MarketWatch+1
- Overdraft Fees: PNC lets you opt in to overdraft protection to help avoid declined transactions and hefty fees. You should consult the current fee schedule for full details on all possible charges.
- ATM fees: You might incur fees for using out-of-network ATMs. PNC offers a network of ATMs at no extra cost as well as avoiding charges when you use PNC ATMs. PNC Bank+1PNC Bank+1
Strong Digital Banking Capabilities
PNC’s digital tools provide on-the-go functionality to manage your money:
- Mobile Banking App: With mobile check deposit, bill pay, budgeting tools, lock/unlock debit card for security, etc.
- Online Banking: You can view your account balances, transfer funds, manage account activity and establish account alerts for up-to-date notices. PNC Bank
- User Ratings: Users give high marks to the PNC Mobile App, praising its easy-to-use interface and all-encompassing features, which services the overall banking experience.
Individual Investor Services For Sophisticated Investors
PNC provides specialized services for affluent clients:
- Private Banking: Get personalized financial products such as your own advisor and special loan terms that meet your individual needs.
- Wealth Management: Discover investment strategies, estate planning and other services that are built to preserve and grow your money.
- Premium Services: Get benefits like no fees, larger transaction limits, and exclusive product offerings tailored towards HNWIs.
Personal Accounts Comparison of PNC Bank with Other Major Banks
When looking for personal banking options, it helps to take a number of things into consideration:
- Customer Service Ratings: PNC Bank has a reputation for responsive customer service and offers multiple channels for support.
- Mobile App Functionality: Like other big banks, the PNC Mobile App has a full variety of features like budgeting tools and mobile check deposit.
- Standard Savings Account: The Standard Savings account offers competitive interest rates, and with relationship benefits you could earn even higher rates. Of course, you want to compare these rates with those at other banks so you can make sure you’re getting the most for your savings.
Conclusion
Investing Wherever you are in life, PNC has personal banking tools and guidance to fit your needs. PNC’s website provides a range of services to cater to both your daily banking needs and any financial assistance you may need. Like with all financial decisions, you have to evaluate your specific condition and also compare offers from various institutions to find the ones that are right for you to build your financial future.
