PNC Bank Bonuses

New PNC Bank customers can get as much as $500 for opening an account

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Dawn Papandrea
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Published March 01, 2023

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As the nation’s sixth largest bank, PNC Bank periodically offers incentives and promotions to attract new customers to its line of business and personal banking products. The scope and availability of PNC Bank bonus offers change from time to time and vary by location, but if you’re looking for a new personal or business banking account, you can cash in on a great promotion right now.

Learn about the requirements to score a PNC bank checking account promotion with its Virtual Wallet accounts, or a PNC bank checking account promotion if you’re a small business owner.

PNC Bank Bonuses: March 2023

PNC Bank : Business Checking – $200

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Transactions, Minimum Average Balance
Sign Up Now
How to Get the Bonus 
  1. Open a new qualifying Business Checking account. You can open your account either in person at a branch or begin your application online with a minimum $100 deposit. 
  2. If opening at a branch, you’ll need to request an offer coupon via email to bring with you. There is a form on the offer page to put in your request. 
  3. Maintain an average $5,000 daily balance. For the first three statement cycles, you’ll have to have an average ledger balance of at least $5,000 in order to earn the bonus. 
  4. Make at least 20 debit card transactions from the account. You have three statement cycles to meet this requirement.
  5. Your bonus will arrive within 90 days. If all conditions are met, you’ll receive a $200 statement credit in your account as long as your account is still open. 
Bonus Restrictions and Account Fees
  • It must be a new account, not a converted or repurposed one, and the offer is only available if ​​your business has an annual revenue less than $5 million.
  • You lose bonus eligibility if any of the account signers have signing authority on another PNC Bank business checking account, has closed a PNC account in the last 90 days, or received a PNC bonus in the last 12 months.
  • The Business Checking account has a $12 monthly maintenance fee, but not in the first three cycles. After that, you can avoid the fee by doing one of the following: Maintain a minimum $500 average monthly balance, make $500 in purchases with a linked PNC business credit card, or have a linked PNC Merchant Services account with a minimum of $500 in qualifying monthly processing deposits.

PNC Bank : Business Checking Plus – $200

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Transactions, Minimum Average Balance
Sign Up Now
How to Get the Bonus 
  1. Open a new qualifying Business Checking Plus account at a branch or start one online. You’ll need a minimum $100 opening deposit. 
  2. Request the offer coupon online and take it with you to a branch. If you want to open the account in person, fill out the form on the offer page to get your offer sent. 
  3. Keep your average daily balance above $5,000. Do this for the first three statement cycles to qualify for the bonus.
  4. Use your debit card to make a minimum of 20 transactions. The transactions must be made within three statement cycles.
  5. If you meet all requirements, expect your bonus within 90 days. Just keep your account open and a $200 statement credit will appear. 
Bonus Restrictions and Account Fees
  • It must be a new account, not a converted or repurposed one, and the offer is only available if ​​your business has an annual revenue less than $5 million.
  • To collect the bonus, all account signers must not have signing authority on another PNC Bank business checking account, received a PNC bonus within the last 12 months, or closed a PNC account in the last 90 days.
  • The Business Checking account has a $22 monthly maintenance fee starting after the first three cycles, but there are four ways to have it waived. You can either maintain a minimum $5,000 average monthly balance; make $5,000 in purchases with a linked PNC business credit card; have a linked PNC Merchant Services account with a minimum of $5,000 in qualifying monthly processing deposits; or maintain a combined average balance of $20,000 in a linked PNC business checking account and business money market account.

PNC Bank : Treasury Enterprise Plan – $500

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $500
  • Promotion Expiry: March 31st
  • Qualifications: Minimum Average Balance
Sign Up Now
How to Get the Bonus 
  1. Open a new Treasury Enterprise Plan, which is a Business Banking and Treasury Management checking services package. You’ll need a minimum $100 deposit to get started and can start your application online or at a branch. 
  2. Request your bonus coupon if opening in person. Fill out the form on the PNC website to have your bonus offer sent via email. 
  3. Maintain an average $30,000 daily balance for each of the first three statement cycles. If your average balance for one of the cycles goes below, you will become ineligible for the bonus. 
  4. Your statement credit of $500 will be available within 90 days of qualifying. After you meet the requirements in the first three statement cycles, your bonus will show up in your account automatically once processed.
Bonus Restrictions and Account Fees
  • If anyone on the new account has signing authority on another PNC Bank business checking account, has received another PNC bonus in the last 12 months, or has closed a PNC account in the last 90 days, or has received another bonus in the past 12 months, you will not be able to collect the bonus.
  • Businesses must earn less than $5 million in revenue to be eligible for the bonus.
  • The Treasury Enterprise Plan account has a $50 monthly maintenance fee starting after the first three cycles, but it can be waived if you maintain a minimum $30,000 average combined monthly balance in the master and all additional beneficiary business checking accounts.

PNC Bank : Analysis Business Checking – $500

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $500
  • Promotion Expiry: March 31, 2023
  • Qualifications: Minimum Average Balance
Sign Up Now
How to Get the Bonus 
  1. Open a new Analysis Business Checking, which links multiple PNC Bank business checking accounts together. There is a $100 minimum opening deposit, and you can start the account opening by phone and then complete it at a branch.
  2. Request your bonus coupon via email. Just complete the form request on the offer page. 
  3. Keep at least a $30,000 average daily balance in each of the first three statement cycles. To earn the bonus, your balance average must not fall below that threshold during the qualifying period. 
  4. If you meet all requirements, you’ll receive a statement credit of $500. You can expect the payment to be credited within 90 days after the first three statement cycles.
Bonus Restrictions and Account Fees
  • Your business revenue must be less than $5 million in order to be eligible for the bonus.
  • If any signer on the account has signing authority on an existing PNC Bank business checking account, has closed an account within the past 90 days, or has received another bonus in the past 12 months, you will not be able to collect the bonus.
  • There is a $25 account maintenance fee, as well as a per-item fee that depends on the activity levels and services used by your business. Earnings credits can help lower the fee costs, but how it's applied will vary based on your account activity. 

To open a PNC Business banking account, you will have to go to a branch location. You can start the application process online for the Business Checking and Business Checking Plus accounts, but in-person document verification is typically required.

PNC Bank : Virtual Wallet – $50

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $50
  • Promotion Expiry: March 31, 2023
  • Qualifications: Direct Deposit
Sign Up Now
How to Get the Bonus 
  1. Open a Virtual Wallet account online. There is no minimum deposit to open if you open the Spend account online; otherwise, there’s a $25 minimum deposit. Set up a minimum of $500 of direct deposits to the account. The first deposit must be received within 60 days of account opening.
  2. You’ll receive a $50 bonus 60 to 90 days after you meet the requirements. It will automatically be credited to your account.
Bonus Restrictions and Account Fees
  • The offer may not be available depending on your location.
  • If you change to a different Virtual Wallet account after account opening, whichever one it is at the end of the month will determine your bonus eligibility and award amount.
  • If you or any signer on the new account has another PNC Bank consumer checking account, has closed an account within the past 90 days, or has received a promotional bonus from PNC in the past 24 months, you are not eligible for this bonus.
  • Virtual Wallet accounts have a $7 monthly maintenance fee unless you are 62 or older. Or, you can have the fee waived with a $500 or more qualifying monthly direct deposit or an average monthly balance of $500 or more in Spend + Reserve.

All PNC Bank Virtual Wallet accounts let you combine checking and savings features into one account, making it a unique product. You can choose to open just a Spend account (checking), or you can add on interest-earning Reserve (short-term savings) and Grow (longer-term savings) accounts. You’ll be able to track all of your spending and saving activity in one place.

PNC Bank : Virtual Wallet With Performance Spend – $200

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $200
  • Promotion Expiry: March 31, 2023
  • Qualifications: Direct Deposit
Sign Up Now
How to Get the Bonus 
  1. Open a Virtual Wallet With Performance Spend account. You need a $25 minimum deposit to open, unless the Spend account is opened online. You can apply for a combined checking and savings account, or just checking. 
  2. Set up a minimum of $2,000 in direct deposits to the new account. The first deposit must hit within the first 60 days of account opening to meet the bonus requirement. 
  3. A $200 bonus credit will be applied to your account 60 to 90 days after you fulfill eligibility requirements. You will receive the bonus automatically.
Bonus Restrictions and Account Fees
  • Depending on your zip code and primary address, the offer may not be available.
  • After you open the account, if you change to a different Virtual Wallet level, your bonus eligibility and amount will be based on the account status at the end of the month.
  • You are not eligible for a bonus if you or another account signer already has another PNC Bank consumer checking account, closed an account in the last 90 days, or received a bonus from PNC in the past 24 months.
  • Virtual Wallet With Performance Spend accounts have a $15 monthly maintenance fee, but there are a few ways to have that fee waived. You can set up a $2000 qualifying monthly direct deposit, maintain an average monthly balance of $2000 or more in Spend + Reserve, or have a combined $10,000 balance across all PNC consumer accounts.

PNC Bank : Virtual Wallet With Performance Select – $400

PNC Bank logo

PNC Bank logo
  • Bonus Amount: $400
  • Promotion Expiry: March 31, 2023
  • Qualifications: Direct Deposit
Sign Up Now
How to Get the Bonus 
  1. Open a Virtual Wallet With Performance Select account online. There is a $25 minimum deposit to open, but if you open the Spend account online, there is no minimum. 
  2. Set up a minimum of $5,000 in direct deposits to the new account. As long as the first deposit takes place in the first 60 days, you will qualify for the bonus once you reach the minimum. 
  3. You’ll receive a $400 statement credit to your account 60 to 90 days after you fulfill eligibility requirements. It will appear on your monthly statement.
Bonus Restrictions and Account Fees
  • The Bonus offer may not be available for all zip codes.
  • If you decide to switch to a different Virtual Wallet level, your bonus eligibility and amount will go by the type of account you have at the end of the month.
  • If you or another account signer already has another PNC Bank consumer checking account, closed an account in the last 90 days, or received a bonus from PNC in the past 24 months, you will be excluded from the bonus.
  • Virtual Wallet With Performance Spend accounts have a $25 monthly maintenance fee, but there are some ways to have that fee waived. You can set up a $5000 qualifying monthly direct deposit, keep an average monthly balance of $5000 or more in Spend + Reserve, or a combined $25,000 balance in all PNC consumer accounts.

PNC Bank Promotions

Promotion Bonus Amount  Promotion Expiry  Qualifications 
Business Checking $200 March 31, 2023  Transactions, Minimum Average Balance
Business Checking Plus  $200  March 31, 2023  Transactions, Minimum Average Balance 
Treasury Enterprise Plan  $500  March 31, 2023  Minimum Average Balance
Analysis Business Checking  $500  March 31, 2023  Minimum Average Balance 
Virtual Wallet  $50  March 31, 2023  Direct Deposit
Vallet Wallet With Performance Spend  $200  March 31, 2023  Direct Deposit 
Vallet Wallet With Performance Select  $400  March 31, 2023  Direct Deposit 

Frequently Asked Questions

  • Are PNC Bank Promotions Taxed?

    Bonuses that you earn from opening a new account with PNC Bank (or any financial institution) are treated the same way as earned interest—they are considered taxable income. If you earn a bonus, PNC Bank will send you a tax form with the amount of income you must include on your next tax return.

  • Does PNC Bank Offer Promotions to Current Customers?

    The current PNC Bank bonus offers are for new customers only. If you or a signer on the account already has an active PNC account, if you’ve closed an account in the 90 days prior to opening the new account, or if you’ve earned a PNC promotion in the last 12 or 24 months (depending on the specific account bonus offer terms), you will be ineligible.

  • Where Can I Find PNC Bank Promotions?

    PNC Bank promotions are featured prominently on the homepage of the website so they shouldn’t be difficult to locate. If you’re a business banking customer, you’ll find the bonus offers on the main Business Banking page.

  • What Are the Disadvantages of PNC Bank?

    PNC Bank has many attractive features, but there are a couple of cons to be aware of:

    • The $36 overdraft fee, which can be charged up to four times per day on some accounts, and the non-PNC ATM fees can eat into your balance.
    • You have to call to find out what the interest rates are on the Reserve and Grow accounts since they are not disclosed online.
    • The bank’s Virtual Wallet accounts may not be available in all locations.
Man looking at his bank's app on his mobile phone

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Article Sources
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  1. Board of Governors of the Federal Reserve. "Large Commercial Banks."

  2. PNC.com. "PNC Virtual Wallet Features and Fees."