Personal Finance Insider is Insider's personal finance section that incorporates affiliate and commerce partnerships into the news, insights, and advice about money that Insider readers already know and love. Frequently asked questions (FAQ)Įvelyn He is a compliance associate at Insider who supports the Personal Finance Insider team. Wells Fargo has branches in more states than PNC, so if you prefer in-person banking and live near a Wells Fargo branch, you may prefer it to PNC. Although it has online banking capabilities, there aren't any online-specific accounts. The PNC Premiere Money Market Account may not be its strongest product, but Wells Fargo doesn't have a money market account at all. You also may prefer PNC if you want to get money market account. We've also compared PNC to Well Fargo because both banks have branches in many of the the same parts of the US If you want to get money market account, PNC Bank will have to be your default option. Capital One 360 Performance Savings pays 4.15% (as of 6/23/23) APY and doesn't charge monthly maintenance fees. Otherwise, the Capital One 360 Performance Savings may be a better option if you don't live in state that offers the PNC High Yield Savings℠ Account. 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 2,500 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. Earn Relationship Rates with Performance Select Checking, and increase rate with a higher balance.
Earn Relationship Rates with Performance Checking.Avoid the $12 monthly service charge when you maintain a $5,000 average monthly balance.
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