PNC Virtual Wallet: Three Accounts in One
PNC's signature product is the Virtual Wallet, which packages three separate sub-accounts into a unified dashboard:
- Spend: Primary checking for daily bills and debit spending.
- Reserve: Secondary checking with interest for short-term goals.
- Growth: High-yield savings for emergency reserves.
PNC structures its promotional bonuses based on the level of Virtual Wallet product you select.
PNC Bonus Tiers & Direct Deposit Requirements
| Tier | Account Option | Direct Deposit Required | Cash Reward |
|---|---|---|---|
| Basic | Virtual Wallet | `500+ | `100 |
| Mid-Tier | Virtual Wallet with Performance Spend | `2,000+ | `200 |
| Top-Tier | Virtual Wallet with Performance Select | `5,000+ | `400 |
*Qualifying direct deposits must be received within 60 days of account opening.*
How to Waive Monthly Fees
- Virtual Wallet ($7/mo): Waived with $500 monthly direct deposits or $500 average combined monthly balance.
- Performance Spend ($15/mo): Waived with $2,000 monthly direct deposits or $2,000 average monthly balance.
- Performance Select ($25/mo): Waived with $5,000 monthly direct deposits or $5,000 average combined monthly balance.
Bank Bonus Churning Tips for PNC
PNC permits customers to earn a new bonus every 24 months. Furthermore, PNC allows easy online opening and funding via credit card in certain jurisdictions (up to $250, coding as a purchase on many cards).
Related Reviews
- Stacking checking bonuses this quarter? Combine PNC with TD Bank Beyond Checking $300 Bonus .
- Looking for automated savings features? Compare with SoFi Checking & Savings $300 Bonus .
- Review our complete checklist in How to Safely Close Churned Bank Accounts .
