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Pnc bank open account online


pnc bank open account online

Compare this checking account to the options offered by online banks, which tend to provide lower fees and higher interest rates. New students may provide their photo online for their first i-card – subject Security number and a valid photo ID, you can apply for you PNC account by. PNC Business Banking customers can obtain account information and transfer funds between PNC Bank business accounts; initiate payroll, federal and state tax.

Pnc bank open account online -

PNC Bank has a long history of serving customers from its branch offices in the eastern U.S. But the bank is also available across the country thanks to its online banking platform, Virtual Wallet®.

The online banking industry is hotly competitive. How does a “hybrid” bank with one foot firmly planted in a brick-and-mortar business model and the other on the digital cutting edge stack up? Let’s take a look with our PNC Bank review.

PNC Bank Review

  • Products & Services
  • Interest Rates
  • Fees & Charges
  • Website / App
  • Customer Service

Summary

When it comes to Products & Services, PNC Bank offers a fine selection of checking and savings accounts. You’ll find several levels of checking accounts (some bearing a tiny bit of interest), as well as standard savings and money market accounts. There’s also a variety of CDs available at varying terms and rates. Speaking of Interest Rates, you won’t be particularly wowed by what PNC Bank has to offer. Rates are decent when compared to brick-and-mortar banks but fall far short of what you can earn at an online-only bank. Although you will find some Fees & Charges at PNC Bank, there are plenty of ways to have many of them waived. However, note that unless you have a Performance Select checking account (and live in PNC’s targeted region), you’ll have to pay fees for ATM use. We do give PNC Bank strong marks for its Website/App, Virtual Wallet. It’s a great way to check out what’s going on with your money. Finally, when it comes to Customer Service, we love that you can give them a call 24/7 or pop into any PNC Bank branch.

PNC: A Brief History

1845 was a long time ago. California belonged to Mexico. Texas was a country. Abraham Lincoln was a newlywed, and if he were reading a bank review after dark, it would have been by candlelight.

That spring, the Pittsburgh Trust and Savings Co. got off to a rocky start. A fire destroyed a third of Pittsburgh, and it took seven years before the new bank actually started doing business.

There were smoother times ahead. The bank grew, changed its name to First National Bank of Pittsburgh, then Pittsburgh National Bank, which by the mid 20th century was a leading subsidiary of Pittsburgh National Corp., or PNC.

In 1982, Pittsburgh National Corp. merged with another PNC, Philadelphia’s Provident National Corp., creating the framework for today’s PNC Bank.

Mergers and acquisitions over the past four-plus decades have expanded PNC Bank’s national presence. If you live between New York and Saint Louis or between Michigan and Miami, there’s a good chance PNC Bank has a branch near you.

What PNC Bank Offers Its Customers

As the nation’s sixth-largest bank by deposits and its fifth largest by number of branches, PNC Bank brings credibility, availability, and stability to the table.

Those are important words, and they alone may get PNC Bank onto your shortlist. But where you bank can impact your life every day, so let’s take a closer look at how PNC Bank works.

First, we’ll check out the bank’s checking and savings options, then take a closer look at Virtual Wallet, which combines accounts and services in a unique mobile interface.

PNC Bank Features

PNC BankFeatures
Banking Account TypesChecking Accounts, Savings Accounts, CDs, Money Markets
Other Account TypesCredit Cards, Personal Loans, Student Loans, Auto Loans, Brokerage
Minimum Required Deposit to Open Account$25
Number of Branches2,600 in 19 States
ATM Network Size9,000 in 19 States
Remote DepositYes
App AvailabilityiOS, Android, and Mobile Optimized Website
Customer Service TypesPhone, Email, Twitter, Branch
Customer Service HoursPhone: 24/7
Member FDICFDIC Certificate #6384
Routing Number / ABA NumberVaries by State

See more Bank Promotions HERE.

PNC Bank Checking Accounts

For many of us, a checking account serves as a hub for our interactions with a bank. PNC Bank offers three different checking account options: Standard Checking, Performance Checking, and Performance Select Checking.

Let’s see how they compare on important issues such as fees, interest rates, and minimum balances.

Monthly Fees

All three PNC Bank checking accounts require a $25 minimum deposit to open the account. They all charge fees, but the fees are easy enough to waive:

  • PNC Bank Standard Checking: The $7 monthly fee will be waived if the account receives $500 in qualifying direct deposits or maintains an average monthly balance of $500. The fee is also waived automatically if you’re 62 years old or older.
  • PNC Bank Performance Checking: The $15 monthly fee will be waived with $2,000 in qualifying direct deposits or an average monthly balance of $2,000, or $10,000 in combined PNC accounts/investments.
  • PNC Bank Performance Select Checking: The $25 monthly fee will be waived with $5,000 in qualifying direct deposits or an average monthly balance of $5,000 in linked accounts, or $25,000 in combined PNC accounts/investments.

Alternatively, you can check out one of the many fee-free online checking accounts available today.

What is a qualifying direct deposit?
For a direct deposit to count toward waiving your monthly fee, it must be qualified. Qualified direct deposits come from your employer or another outside organization. Account transfers or deposits made through an ATM, mobile app, or an online transfer do not qualify. So if you earn more than $500 a month and your employer pays you via direct deposit, you won’t pay a monthly fee for a PNC Bank Standard Checking account.

PNC Bank Checking Overdraft Fees and Solutions

PNC Bank charges $36 up to four times per day for each overdraft. In addition, the bank will also charge $7 each time your account remains overdrawn for five or more consecutive days. This fee caps out at $98.

To help avoid overdrafts, PNC Bank allows automatic transfers from:

  • Another PNC Bank checking account
  • A PNC Bank savings or money market account
  • A PNC Bank-issued credit card
  • A personal line of credit

Connecting a savings or another checking account to prevent overdraft charges avoids being charged interest, which varies from state to state but is usually around 10 percent for overdraft lines of credit.

Using a credit card to cover overdrafts may result in even higher interest charges. However, you can also inadvertently diminish your savings by using it to cover overdraft charges.

Wherever the money comes from, PNC Bank will charge $10 for each transfer to cover an overdraft.

Of course, the best solution is to avoid overdrafting your account in the first place. If that’s an issue for you, you can probably find a different bank with lower overdraft charges. Or PNC Bank’s Virtual Wallet can help you visualize your resources and avoid overspending. We’ll dig deeper into that service a little later.

Earning Cash With Your Checking Account

Interest: Like a lot of other banks, PNC Bank will pay interest on your checking account balance, but only if you have a PNC Performance or Performance Select checking account with a balance of at least $2,000.

Interest rates in PNC Bank’s checking accounts vary from state to state, but they tend to be minuscule. If you already keep a large balance in checking, you may as well be earning something on it by using an interest-bearing checking account at a bank such as Ally.

However, if you’re actively trying to earn interest on your balance, look into a money market savings account or an online high-yield savings account where you’ll do much better.

Rewards

People who keep a smaller balance but use their checking accounts for day-to-day expenses can earn cash back through PNC Purchase Payback, a rewards program connected to a PNC Bank debit card.

As an account holder, you can choose from a variety of rewards offers online. Using your debit card to take advantage of the offer activates the cash-back reward, which appears in your account like an electronic deposit.

The key here is to find offers that match the way you already spend your money. If you stop at, say, Starbucks three mornings a week, activate that offer and start generating a little passive income on your habit.

The Perks of Having a Preferred or Select Checking Account

Most big national banks like PNC Bank offer checking accounts that have higher fees or require a higher minimum balance to avoid the fee. These accounts are usually associated with words such as “preferred” or “select.”

Should you have that kind of account?

If you can’t maintain the minimum balance, it’s a no-brainer: Stick with the basic checking that charges lower fees or requires the lowest minimum balance to waive the fee.

But if you can maintain a healthy checking account balance, how can a higher-level account pay off?

With PNC Bank’s Performance Select Checking, you’d get:

  • No fees for using non-PNC ATMs and fee reimbursement for other banks’ surcharge fees
  • $100 annual discount on a safe deposit box
  • Free cashier’s checks
  • Enrollment in identity theft prevention programs
  • Higher rewards point potential on bank-issued credit cards

PNC Bank ATM and Branch Access

If you use PNC Bank for checking, you’ll eventually need to use an ATM. With more than 9,000 ATMs and more than 2,600 physical branches, PNC Bank has an active physical presence in the 19 states it serves.

The bank specializes in placing ATMs in grocery stores and gas stations, too.

If you can’t find a PNC Bank ATM, the bank will charge you $3 per transaction. However, PNC will reimburse your non-PNC ATM fees for up to two transactions per statement period.

Note that if you’re a Performance Select customer, you won’t pay any charges for using non-PNC ATMs. In addition, the bank will reimburse unlimited non-PNC ATM fees.

PNC Bank has branches in the following states:

  • Alabama
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Maryland
  • Michigan
  • Missouri
  • New Jersey
  • New York
  • North Carolina
  • Ohio
  • Pennsylvania
  • South Carolina
  • Virginia
  • West Virginia
  • Wisconsin

If you don’t live in one of these states, you can still bank with PNC Bank online or through its mobile app. You can also link your PNC Bank account to a bank account that has a branch near you, which makes it easier to access your money.

But for many people, banking involves personal relationships that require a branch with employees nearby.

PNC Bank Savings Accounts

PNC Bank keeps it simple with savings accounts, offering only two options. But it makes up for that with a wide variety of CD products.

First, here’s how the regular savings accounts work:

  • PNC Standard Savings: This account requires $25 to open and charges $5 a month unless you keep an average balance of $300, set up an auto-transfer of at least $25 a month from another PNC Bank account, or are younger than 18 years old.
  • PNC “S” Is for Savings: This account charges a $5 monthly fee unless you keep an average balance of $300 or set up at least $25 in incoming transfers from another PNC Bank account each month. This account is designed specifically for children. It includes resources such as Sesame Street characters to encourage kids to save more money.

Interest Rates on Savings Accounts

Savings rates at PNC Bank tend to be even lower than the national average, which doesn’t come close to the rates you could get at an online-only bank that specializes in high-yield savings accounts.

Standard Savings account holders with a balance above $2,500 can earn an interest rate that comes closer to the national average. But chances are you won’t be opening a PNC Bank account if your primary goal is to earn interest on your savings.

So let’s move on to money markets and certificates of deposit (CDs), which can earn you a higher interest rate.

PNC Bank Money Market Accounts

PNC Bank also offers money market savings accounts. These accounts let you earn a little more interest than a standard savings account but are easy to access. This makes them a great choice for your emergency fund.

The trade-off is that you usually need to deposit more money than with a typical savings account. At PNC Bank, that amount is $100.

Currently, the PNC Bank money market rate is below that of Ally Bank, but you can boost your rate by linking your account with a Performance Select checking account and keeping a balance of $100,000 or more.

PNC Bank CDs

At just about any bank you can maximize your interest rates by committing to keeping your money in the bank for a specific period of time. You make this commitment by buying a CD.

Usually, the longer the commitment, the higher your interest rate.

Unlike most banks, PNC Bank offers a 10-year CD. If you can set aside $1,000 or more for 10 years, it can grow at a rate that’s closer to a current high-yield savings rate.

PNC Bank offers tiered CDs, which means its highest rates go to the most expensive CDs. However, the bank will occasionally offer specials that boost the rate of a shorter-term deposit.

If you’re looking for a specific kind of CD, you may find it in PNC Bank’s variety of options:

  • Fixed Rate: This is a basic CD with a guaranteed rate and automated renewal. You’ll need at least $5,000 (seven to 89 days) or $1,000 (90 days to 10 years) to buy-in. You’ll be charged for accessing your money prior to its maturity date.
  • Ready Access: If the commitment of a longer-term CD bothers you, check out PNC Bank’s Ready Access CD, which allows full liquidity after seven calendar days. You’ll earn at a lower interest rate, and the terms range from three to 12 months. The minimum deposit is $1,000.
  • Callable: With a PNC Bank Callable CD, you can get a higher rate on a three- or five-year CD of at least $10,000 by giving the bank a little more control. If you have a Callable CD, the bank can expedite the maturity of the CD (after year one of a three-year CD and after year two of a five-year CD). If the bank “calls” the CD early, you can access the funds penalty-free for 10 days or leave the money alone and it will go into a new 12-month CD.
  • Variable Rate: These 18-month CDs offer rates that are tied to the three-month Treasury Bill. If you’re worried that interest rates might increase right after you commit to a CD, this is a good option. If you think rates might decrease, a variable rate won’t work in your favor. You’ll need a minimum of $1,000 to buy this CD.
  • Stepped Rate: These 36-month CDs offer rates that increase every six months and require a $2,500 minimum deposit. Before each scheduled rate increase, you can access the money penalty-free. This is a good option if you’re not entirely sure you can avoid accessing your money for a longer CD term but would still like a rate that’s higher than a six-month CD rate.

PNC Bank’s Virtual Wallet

Savings rates, checking account fees, CD terms — these are all traditional ways of organizing your money, and traditional is good. It means banks have had decades or centuries of experience with the tools they’re using to manage your money.

But this is the smartphone era, so banks need new ways to help customers manage their resources.

PNC Bank’s Virtual Wallet interface has been one of the banking industry’s leading innovations over the past decade.

Fundamentally, the bank still keeps your money in traditional places — checking, savings, etc. You still earn interest on savings and pay interest on what you borrow.

Virtual Wallet just makes it easier to visualize what you have, what you’re spending, and what you’re saving.

You can use Virtual Wallet on a computer or a mobile device. Features include:

  • Integrating your bill schedule and online bill pay with your calendar
  • Graphs such as the “Money Bar” that show your balances at a glance, including how much of your current balance is set aside for upcoming bills
  • Graphic-based tools for setting up a budget and tracking spending
  • Quick transfers between PNC Bank accounts
  • Savings tools such as a wish list, reserve account (for short-term savings) and growth account (for long-term savings)
  • Bonus rewards points on a PNC Bank-issued credit card
  • The ability to send money via Zelle

PNC Bank account holders can set up Virtual Wallet for free. However, the fees (and fee waivers) for the checking accounts listed above still apply.

In addition, you may be charged a variable fee if you write paper checks. If you still use a checkbook, contact PNC Bank for information specific to your location.

Here’s one great exception — college students can use Virtual Wallet accounts for free as long as they’re enrolled at a partner university. This makes PNC a great option for many students.

Who can benefit from banking with PNC Bank:

  • Customers who are looking for a single bank and aren’t focused on growing a long-term savings account
  • Students and young adults who want an easy, mobile-friendly way to manage their monthly and longer-term budgets
  • Customers who want a wide variety of CD options
  • Customers who live in the bank’s 19 states or the District of Columbia and need frequent ATM access

Who should look elsewhere:

  • Customers looking for the very best rates on a specific kind of account such as high-yield savings
  • Customers looking for accounts that never charge monthly maintenance fees

The Bottom Line

You can find higher savings interest rates and lower checking account fees at other banks. Even PNC Bank’s best CD rates can be topped by online-only banks such as Barclays or CIT Bank.

However, PNC Bank does a lot of things really well, and if you’re looking for a full-service bank (and you live in one of the 19 states in which the bank has a physical presence), the bank is worth a closer look.

Not coincidentally, when you commit to PNC Bank by opening a variety of accounts, you’ll begin to tap into a greater potential for saving.

For example, multiple account holders don’t pay monthly fees and get discounts on a wide variety of services such as loan origination fees and cashier’s checks.

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Источник: https://cashmoneylife.com/pnc-bank-review/

13 Best Bank Accounts for Kids Under 18 (Checking & Savings) – Rates for 2021

Opening a bank account for your kids and becoming a joint account holder is a great way to:

  • Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds
  • Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility
  • Demonstrate the importance of saving, even if it’s just a few dollars per month, to the young child in your life
  • Get a head-start on long-term savings goals, such as higher education supplies and tuition
  • Communicate the value of having long-term financial goals in general

Here’s a closer look at the differences between the two major types of kid-friendly bank accounts, plus a roundup of the best checking and savings accounts for kids under age 18.

Bank Accounts for Minor Children: Joint vs. Custodial vs. Prepaid

With the exception of legal emancipation, U.S. law prohibits children under age 18 from having sole ownership of deposit accounts, such as checking and savings accounts. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.

True minor-friendly bank accounts come in two forms with very different characteristics and permissions: joint accounts and custodial accounts. A third minor-friendly account type, the reloadable prepaid debit card, is often used as a first step for parents unsure about opening a kids’ bank account right away.

Joint Bank Accounts

If you’re married or in a committed relationship, you may hold one or more joint financial accounts with your spouse or partner. The same idea applies to accounts held jointly with minor children; both you and your child can make deposits and withdraw funds as you see fit.

Parents can exercise considerable control over accounts held jointly with children. When your kid is too young to work legally, you’re likely to be the sole or principal source of their funds. If you want to set a strict weekly or monthly spending limit for them, simply fund the account at the desired level and frequency.

Generally, joint deposit accounts are ideal for day-to-day expenses and short- to medium-term savings. Most checking accounts place few restrictions, if any, on deposit and withdrawal amounts and frequencies. By law, savings accounts limit withdrawals to six per statement cycle, with excess withdrawals subject to penalty fees.

If your child — and you — can resist the temptation to raid it for short-term needs, a high-yielding joint savings account is suitable for long-term savings goals, such as college tuition, your kid’s first car, or a security deposit on their first apartment.

Custodial Bank Accounts

Under the Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA), parents or legal guardians may establish custodial accounts for the benefit of minor children without involving a trust fund or trustee. UGMA and UTMA permit a wide range of assets, but most banks limit custodial deposit accounts to cash only.

The minor holder of a custodial account is its owner and primary beneficiary. However, until the minor reaches the legal age of majority, the account’s custodian acts as its steward. A parent or legal guardian may serve as the custodian or designate an outsider — typically a financial institution or third-party financial advisor — to fill this role.

In either case, the custodian is a fiduciary, which means they may make disbursements from the account to cover qualifying, reasonable expenses but must manage the account in the minor’s best interests. Full control of the account and its contents must pass to the minor when they reach the age of majority.

Because a minor custodial account beneficiary can’t access their account’s funds without the custodian, custodial accounts are not appropriate for day-to-day use or short- or medium-term savings. They are suitable for long-term savings goals, such as higher education.

Pro tip: Putting your kids on the right track financially doesn’t end with the right bank account. Open a UGMA account through EarlyBird to help invest in their future.


Best Checking Accounts for Kids Under Age 18

Set on a true bank account for your kid? These are the best options on the market right now.

Most of these accounts are free or low-cost and have low minimum balance requirements. Some have decent interest rates as well. But be sure to carefully review all account disclosures before applying.

Unless otherwise noted, these kid-friendly bank accounts are all structured as joint ownership accounts, not custodial, and are FDIC-insured.

1. Chase First BankingSM

Stringent Parental Controls and Account Management Tools

Chase First BankingSM is a debit card designed to teach children and teens the fundamentals of sound money management. It’s available to kids ages 6 to 17.

Much like the training wheels on your youngster’s first bike, Chase First Banking guides minor account holders in the right direction without ever removing the controls that prevent serious mishaps.

Those controls are built into a debit card with customizable parental alerts to clue adult custodians in on how and where their kids are spending. Chase First BankingSM also enables flexible limits on spending to ensure kids don’t overspend in one place.

  • Minimum Deposit and Balance Requirements: You must be an existing Chase customer to open a Chase First BankingSM account. The monthly service fee is $0.
  • Yield: None.
  • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs, plus a robust suite of educational tools for first-time account holders.

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2. Copper Banking

A Banking Solution Built for Teens

Copper is a teen-friendly mobile banking solution designed for kids ages 13 to 17 (and their parents too).

The Copper app and debit card teach teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMs. The Copper app allows you to monitor spending and instantly send money in seconds. Features like automatic saving teach teens strong financial habits by automatically setting aside a portion of the money they make for savings.

Copper uses secure encryption and authentication to protect your account and all Copper accounts are insured up to $250,000 through Evolve Bank & Trust.

  • Minimum Deposit and Balance Requirements: The minimum deposit is $10, but there’s no ongoing minimum balance requirement or maintenance fee.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: Copper has a nice referral program that could earn you some extra cash for referring friends — $3 for each successful referral. See terms and conditions for details.
  • Overdraft Fees: Copper does not charge overdraft fees, period.
  • Possible Fees: See terms and conditions for a complete list of potential fees.

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3. Axos Bank First Checking

Earn 0.10% APY and Pay No Monthly Maintenance Fees

Axos Bank First Checking is a custodial teen checking account built for kids between the ages of 13 and 17.

With easily customized parental controls and a digital debit card dashboard that lets parents and kids manage virtually every aspect of the banking relationship, it’s a great choice for on-the-go families.

Axos Bank First Checking is great for parents who want to let the reins go slowly, rather than all at once. Axos limits cash withdrawals to $100 per day and point-of-sale transactions to $500 per day, limiting how far kids can stretch their means.

And Axos’ biometric authentication protocols help keep your card and account — and your kids — safe from troublemakers.

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirements.
  • Account Opening Bonus: None, although targeted offers may occur from time to time.
  • Yield: 0.10% APY on all balances as of June 3, 2021.
  • Rewards and Incentives: Enjoy up to $12 in domestic ATM fee reimbursements per month.
  • Possible Fees: There are no monthly maintenance fees, overdraft fees, or nonsufficient funds (NSF) fees. Other fees may apply.

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4. Alliant Credit Union Free Teen Checking Account

0.25% APY on All Balances With E-Statements and One Direct Deposit Per Month

The Alliant Credit Union Free Teen Checking Account is designed for parents and kids ages 13 to 17.

With no monthly maintenance fees or balance requirements, it’s an ideal first checking account for teens with part-time or summer jobs. All accounts come with a free Visa® debit card and a free first box of checks with both account holders’ names.

All balances yield 0.25% APY when you opt in to electronic statements and receive at least one direct deposit per month. When the minor account holder turns 18, the account automatically converts to an adult checking account.

You must be an Alliant Credit Union member to open a Free Teen Checking account on your child’s behalf. If you live in the Chicago area, you can join at a physical branch.

If not, the easiest way to join is to become a supporter of Foster Care to Success, a partner charity that doesn’t restrict membership by geography. You can find more details about Alliant membership here.

  • Minimum Deposit and Balance Requirements: None.
  • Account Opening Bonus: None.
  • Yield: 0.25% APY on all balances when you opt in to e-statements and receive at least one direct deposit each month.
  • Rewards and Incentives: Access to more than 80,000 fee-free ATMs around the United States. The account has an automatic daily debit card limit of $100 in cash withdrawals and $300 in total spending to control overspending by young account owners. Each month, account holders get up to $20 in ATM rebates from out-of-network ATMs.
  • Overdraft Options: You can opt in to an overdraft line of credit. Alliant reserves the right to decline transactions that would normally result in overdrafts, depending on prior account usage.
  • Possible Fees: 1% foreign transaction service fee for ATM withdrawals, $25 per NSF transaction.

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5. Capital One MONEY Teen Checking Account

0.10% APY on All Balances

The Capital One MONEY Teen Checking Account is a fee-free, paperless checking account for kids ages 13 to 17.

With no minimum or ongoing balance requirements and a decent yield on all balances, it’s another solid day-to-day account for kids flexing their financial muscles for the first time.

All accounts come with a free Mastercard® debit card but no checks or electronic bill pay option. Parents can set text or email alerts for specific account actions and transactions to monitor their teen’s spending from a distance.

The MONEY Teen Checking account also comes with a nice array of budgeting and balance-tracking features for basic financial education. Account holders under age 18 have a daily limit of $500 in non-PIN transactions, $500 in PIN transactions, and $500 in ATM withdrawals.

  • Minimum Deposit and Balance Requirements: None.
  • Account Opening Bonus: None.
  • Yield: 0.10% APY on all balances.
  • Rewards and Incentives: Access to about 40,000 fee-free ATMs around the United States and free mobile deposits through the Capital One app.
  • Overdraft Options: If you have a savings account with Capital One 360, you can opt in to fee-free automatic savings transfers to cover transactions that would typically result in a negative balance. Otherwise, you can apply for an overdraft line of credit, subject to credit approval and fees.
  • Possible Fees: $25 expedited debit card processing fee, $5 statement copy fee.

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6. Wells Fargo Clear Access Banking

Robust Suite of Money Management Tools

The Wells Fargo Clear Access Banking suite is a teen-friendly product available to kids ages 13 to 17 (kids 16 and under require an adult co-owner).

With no maintenance fee for younger account holders and low balance requirements, it’s a great general-purpose checking account for kids learning to budget. However, this account has no yield, so it’s not appropriate for stashing away funds for a rainy day.

Wells Fargo has a slew of educational and practical tools for kids and parents. The “My Spending Report with Budget Watch” feature helps kids build a budget and track spending on their own, while a robust set of parental controls lets you monitor and restrict spending.

  • Minimum Deposit and Balance Requirements: $25 minimum opening deposit; no ongoing balance requirement.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: 24/7 fraud monitoring and fee-free person-to-person (P2P) transfers through the Wells Fargo app or online banking site.
  • Overdraft Options: You can opt in to overdraft protection that covers shortfalls on transactions that would normally result in a negative balance. You must link a Wells Fargo savings account, and there’s a $12.50 fee per transfer. If you prefer not to transfer funds out of a linked savings account, you can opt in to standard overdraft protection, which covers shortfalls at a slightly higher fee.
  • Possible Fees: $2.50 per non-Wells-Fargo ATM withdrawal, $15 NSF transaction fee, 3% foreign transaction fee. The monthly service fee is $5 for account holders age 25 and older.

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7. Chase High School Checking

Automatically Upgrades to an Adult Chase Checking Account at Age 19; No Joint Owner Needed

Chase High School Checking is an account designed specifically for kids ages 13 to 17.

Minor account holders must open the account with an adult as a co-owner and link their accounts to that person’s checking account to allow direct control over the account’s funding.

When the minor account holder turns 19, the account turns into a checking account for adults, and the adult account holder is removed. There is no yield on any balances but no monthly maintenance fee either.

  • Minimum Deposit and Balance Requirements: $25 to open and maintain.
  • Account Opening Bonus: None, although targeted offers may occur from time to time.
  • Yield: None.
  • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs plus lightning-fast money transfers to family and friends with Chase QuickPay® with Zelle®.
  • Overdraft Options: If you opt in to Chase’s overdraft program, transactions for which you have insufficient funds are allowed to go through. You’re charged $34 per overdraft item, with a limit of three per day.
  • Possible Fees: See terms for a complete list of fees.

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Prepaid Debit Cards: An Alternative to Bank Accounts for Kids Under Age 18

If you’d prefer not to open a joint or custodial account for your minor child, consider a prepaid debit card instead.

Many parents use Visa-, American Express-, or Mastercard-branded prepaid debit cards for teens as replacements for cash allowances or bank accounts.

8. Greenlight

The standout in this category is Greenlight, a kid-friendly debit card that makes it super easy for parents to manage youngsters’ allowance funds and walking-around money.

Key features include:

  • An in-app chore list that ties financial incentives (reloads) to household jobs
  • Automated weekly or monthly allowance transfers — no manual deposits required
  • Real-time notifications whenever the card is used
  • Customizable spending rules for parents
  • Customizable earning, spending, and saving goals for kids

It all adds up to set-it-and-forget-it financial empowerment for young people ready and eager for a financial head start.

Greenlight’s debit card plan (Greenlight) costs $4.99 per month.

Greenlight + Invest, a more comprehensive plan that includes a kid-friendly investing platform with full parental control, costs $7.98 per month.

Greenlight Max adds identity theft protection, cellphone coverage, and purchase protection for $9.98 per month.

Sign Up


9. GoHenry

Built around an easy-to-use mobile app, GoHenry is a kid-friendly prepaid debit card designed for kids as young as 6 years old. It’s ideal for managing an allowance, saving up for school supplies and activity fees, building an education nest egg, or all of the above.

GoHenry’s key capabilities include:

  • Setting and funding household chores, teaching your kids the value of a dollar in the process
  • Creating and contributing to savings goals
  • Setting automated allowances and managing one-time or recurring transfers
  • Setting rules about where and how much minor users can spend
  • Generating real-time spending notifications
  • Enabling instant card blocking and unblocking for lost, stolen, or damaged cards

GoHenry is free for the first month, then costs $3.99 per child per month. Upgrade to a custom card for $4.99.

Sign Up


10. FamZoo

FamZoo is more than a prepaid debit card. It’s a full-fledged financial education app that teaches age-appropriate money lessons on everything from compound interest to the importance of paying yourself first. Highlights include:

  • Chore and odd job scheduling tied to rewards or penalties
  • Separate accounts for spending, saving, and giving
  • Payment splits that allocate one transfer to multiple accounts
  • Parent-paid interest that reinforces the concept of compound interest
  • Customizable savings goals
  • Informal loan tracking for parental disbursements and receipts
  • Real-time account activity alerts
  • A text-message-based system for receiving and approving kids’ funding requests
  • Card locking and unlocking for lost, stolen, or damaged cards
  • Scheduled and instant funds transfers

FamZoo costs $5.99 per family per month when paid monthly (automatic renewal required). Pay in advance to earn a deep discount on the sticker price — as low as $2.50 per month per family with a 24-month subscription.

Sign Up


Best Savings Accounts for Kids Under Age 18

All of the following accounts are subject to a strict withdrawal limit of no more than six per statement cycle under U.S. law.

Unless otherwise noted, all are joint accounts rather than custodial. Legally, the account’s minor owner can deposit, withdraw, and move funds before their 18th birthday.

11. Alliant Credit Union Kids Savings Account

0.55% Yield on All Balances Above $100; Open to Kids Under Age 13

With a $5 minimum opening deposit and a yield of 0.55% APY on all balances, the Alliant Credit Union Kids Savings Account is ideal for long-term savings goals.

This account is open to kids under age 13, giving them even more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, but account holders can keep the account open as long as they wish.

All account activity is subject to parental review and approval, ensuring minor account holders can’t raid their balances before they ripen.

  • Minimum Deposit and Balance Requirements: $5 to open and maintain, although Alliant covers the deposit for young account holders.
  • Account Opening Bonus: $5 to cover the initial deposit requirement.
  • Yield: 0.55% APY on all balances above $100.
  • Rewards and Incentives: No monthly fees for members who opt in to e-statements.
  • Overdraft Options: None.
  • Possible Fees: Excess transaction fees charged at Alliant’s discretion.

Sign Up


12. Capital One 360 Kids Savings Account

0.30% Yield on All Balances; No Age Limit to Open

The Capital One 360 Kids Savings Account is another high-yield online savings account designed for younger kids.

With no opening deposit or ongoing balance requirements and an automatic savings plan option, it’s an ideal set-it-and-forget-it account for kids working toward future savings goals.

There’s no age threshold to open an account, and parents have final approval over fund transfers. Seamless mobile check deposit is a nice perk.

  • Minimum Deposit and Balance Requirements: There’s no minimum balance requirement or deposit requirement here.
  • Account Opening Bonus: None, although targeted offers may apply.
  • Yield: 0.30% APY on all balances.
  • Rewards and Incentives: You can set up savings goals or make recurring transfers based on an automated savings plan.
  • Overdraft Options: None.
  • Possible Fees: $5 paper statement fee; excess transaction fees charged at Capital One’s discretion.

Sign Up


13. PNC Bank ‘S’ is for Savings® Account

Robust Educational Suite

The PNC Bank ‘S’ is for Savings® Account is fee-free for account holders under age 18.

Minor account owners can keep this account as long as they like after they reach legal age, subject to a $5 monthly maintenance fee that’s waived in any statement cycle during which:

  • The account holder is under age 18
  • The account has a minimum daily balance of $300 or more
  • The account receives at least one $25 transfer per month

This account is definitely geared toward younger kids. It offers a “learning center” populated by Sesame Street characters and an automated savings program for parents looking to help their kids save.

  • Minimum Deposit and Balance Requirements: $25 minimum to open and maintain.
  • Account Opening Bonus: None.
  • Yield: Varies by balance.
  • Rewards and Incentives: The educational tools are second to none, and the automated savings feature is a nice touch.
  • Overdraft Options: None.
  • Possible Fees: $7.50 card replacement fee.

Sign Up


Final Word

Where you bank is your choice and yours alone. Most banks and credit unions, from big institutions like Bank of America to smaller outfits like Alliant Credit Union, allow parents to open joint or custodial accounts for their minor children.

If you have a longstanding relationship with a local bank or credit union, you may want to look into whether they offer kid-friendly accounts.

Before you make a final decision and take steps to become a joint account holder, check out our compilation of the top bank account promotions. If you don’t have an existing banking relationship with one of the best banks for kids, you might as well seek out the highest bidder.

Источник: https://www.moneycrashers.com/best-bank-accounts-kids/

PNC Bank Business Account Review 2021: Good Deals for New Customers

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Published on December 17, 2020

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Last Updated: several months ago

We revised this review to include the latest fees, promotions, and other numbers. Not much changed, though PNC’s customer ratings on Trustpilot have slipped a bit. That change hasn’t been enough to change our review―it’s still a decent bank, though not one of our favorites―but we’ll keep an eye on things.

Updated: several months ago

In an effort to boost the economy, the Federal Reserve has changed rules for savings accounts. They can now have an unlimited number of transactions per month, penalty-free. (Previously, you could only make six transactions per month.) That said, banks can still impose their own limits and fees. And as of right now, PNC is maintaining a limit of six transactions per month on its business savings accounts. We’ll let you know if PNC changes its policy. But for now, that limit is something to consider as you shop around for a bank.

View all updates

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So you’re interested in PNC’s business bank accounts. Makes sense—PNC covers much of the eastern half of the United States, and it gets pretty good reviews. But does that mean it’s the best choice for your business banking?

We don’t have an easy answer to that question, but we’re here to help you figure it out. We’ll walk you through everything you should know about PNC: what sets it apart from other banks, the details about its bank accounts, the other financial products it has, and what customers say about it.

By the time we’re done, you’ll know all about PNC—and hopefully you’ll know if it’s right for you.

PNC Bank has the best discounts and deals for new customers

Signing up for a business bank account can feel like a big deal. After all, you’re trusting your new bank with your business’s hard-earned money. So wouldn’t it be nice if a bank put in some extra effort to make you feel welcome as a new customer?

PNC does exactly that. It regularly offers incentives to new small-business customers, like $200 for opening a PNC checking account, waived bank account fees for your first few months, and bonus earnings on your PNC business credit card.

(We’ll tell you more about these offers in a bit.)

Feature

PNC Bank

Online banking

Icon Check  Dark

Mobile banking

Icon Check  Dark

In-person banking

Icon Check  Dark

Branch locations

ATMs

24/7 support

Icon Check  Dark

Customer service options

Now, PNC isn’t the only bank to throw a little something extra at new customers from time to time. But PNC pretty much always has some kind of offer (unlike other banks that have blink-and-you’ll-miss-it deals), and those offers are pretty good to boot.

So if you want to get rewarded for opening a new bank account, then go ahead and apply for one with PNC.

Just note that, because it’s a traditional bank, PNC may not be available in your state. Right now, it has branches in just 21 states, plus the District of Columbia.

US map showing states where PNC is available, including Alabama, Delaware, DC, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, West Virginia, Wisconsin

Still interested? Then let’s dive into PNC’s bank accounts.

PNC Bank business account options

Most of PNC’s business bank accounts are checking accounts—including some niche, specialized accounts. It also has a couple of options for business savings, though.

Money

PNC prices and fees

PNC has some unique bank accounts, but it also has higher costs and fees than many other banks we’ve reviewed. These costs aren’t high enough to break the bank, but if you want a cheaper alternative, you can look at our list of the best free business checking accounts.

Let’s start by taking a look at PNC’s basic checking accounts. These generic accounts are versatile enough to meet the needs of most businesses. You’ll just have to decide which tier you want.

PNC Bank small-business checking accounts

FeatureBusiness CheckingBusiness Checking PlusAnalysis Business CheckingTreasury Enterprise Plan
Min. opening deposit
Monthly fee
Monthly fee waivable?
Icon Check  Dark
Icon Check  Dark
Icon No  Dark
Icon Check  Dark
Account balance fee

N/A

N/A

Icon Check  Dark
Icon Check  Dark
ATM fees

N/A

N/A

N/A

N/A

Out of network ATM fee reimbursement2 per periodAllAllAll
Free transactions1505002,500
Additional transactions$0.50 each$0.50 eachVaries$0.50 each
Free cash depositsUp to $5,000Up to $10,000N/AUp to $50,000
Cash deposit fee$0.25 per $100$0.25 per $100$0.10-$0.12 per $100$0.25 per $100
Open an accountApply NowApply NowApply NowApply Now

Data effective 11/19/20. At publishing time, rates, fees, and requirements are current but are subject to change. Offers may not be available in all areas.

If you don’t use your account much, you might want the basic Business Checking account. It doesn’t give you many free transactions or deposits, but it does have the cheapest monthly fee—which you can waive by keeping a $500 minimum balance in your account, spending $500 on your PNC business credit card, or making $500 of merchant services deposits through PNC.

Business Checking Plus more than triples your number of free transactions and doubles the amount of cash you can deposit for free. But it has a higher monthly service fee, and it’s harder to waive. You can keep a $5,000 minimum account balance, spend at least $5,000 on your business credit card, have $5,000 worth of merchant services deposits, or have a $20,000 balance across your checking and money market accounts.

If you prefer to pay for what you use rather than have a number of free transactions, you can get Business Analysis Checking. You’ll pay for each transaction and deposit, but you can get earnings credits based on your average monthly balance. These credits can be applied to both transaction fees as well as the monthly maintenance fee. So if you keep a large balance, this plan could end up being a surprisingly affordable option.

The Treasury Enterprise Plan gives you the most free transactions and cash deposits—five times as many as other plans. You can waive the service fee with a $30,000 balance across your accounts. Note that this is technically a plan and not an account; it gives you Analysis Business Checking plus a Money Market or Business Sweep account. You can also get four other checking accounts and link them.

But what about those specialized checking accounts we were talking about?

PNC Bank specialized business checking accounts

FeatureBusiness Sweep CheckingBusiness Interest CheckingNon-Profit CheckingInterest on Lawyers Trust Accounts
Min. opening deposit
Monthly fee
Monthly fee waivable?
Icon No  Dark
Icon Check  Dark
Icon Check  Dark

N/A

Earns interest?Icon Check  DarkIcon Check  DarkIcon Check  DarkIcon Check  Dark
Free transactionsN/A150150Unlimited
Additional transactionsVaries$0.50 each$0.50 eachN/A
Free cash depositsN/AUp to $5,000Up to $5,000Unlisted
Cash deposit fee$0.10-$0.12 per $100$0.25 per $100$0.25 per $100Unlisted
Open an accountApply NowApply NowApply NowApply Now

Data effective 11/19/20. At publishing time, rates, fees, and requirements are current but are subject to change. Offers may not be available in all areas.

Business Sweep Checking makes it easy to earn more from your money. You’ll choose both a minimum and maximum target balance for your checking account. Funds over the max balance will get “swept” into a linked Money Market account (see below). But if your balance ever drops below your minimum, funds will automatically get transferred from the money market account to your checking account. Easy, right?

If you’d rather just earn interest in your checking account, you can go for Business Interest Checking instead. This interest-bearing checking account has a variable rate (so your interest rate can change at any time). You can waive your monthly fee by keeping a $5,000 account balance. And remember, the higher your balance, the more you earn, so this account will work best if you keep a healthy checking balance.

Then there’s Non-Profit Checking. You’ll have to have a qualified nonprofit or not-for-profit organization to open one of these. It looks pretty much like PNC’s Business Checking account, but with a lower monthly maintenance fee. You can waive the fee with a $500 average monthly balance in your account.

Finally, PNC has special trust checking accounts for attorneys. While it groups these under Interest On Lawyers Trust Accounts (IOLTAs), these include IOTAs, IOLAs, MJ IOTAs, IBRETAs, and MAHTs (we assume that if you’re the kind of business that needs these accounts, you already know what all that means). These accounts are subject to your state’s IOLTA regulations, so make sure you use them properly. We don’t want you getting disbarred, after all, and we can’t imagine PNC does either.

Compared to its checking accounts, PNC’s business savings account options seem pretty limited. Really, you’ve got only two choices.

PNC Bank small-business savings accounts

FeaturePremium Business Money Market AccountCertificates of Deposit
Min. opening deposit
Monthly maintenance fee$12N/A
Monthly fee waivable?
Icon Check  Dark

N/A

APYVariableFixed
TermsN/ADays to years
Free cash depositsUp to $5,000N/A
Cash deposit fee$0.40 per $100N/A
Able to use checks?

6 per cycle

Icon No  Dark
Open an accountApply NowApply Now

Data effective 11/19/20. At publishing time, rates, fees, and requirements are current but are subject to change. Offers may not be available in all areas.

If you want access to your savings, then check out PNC’s Premium Business Money Market Account. This account has a variable interest rate, so you’ll need to talk with your local branch to find out current rates.

You can make up to six transactions (including withdrawals) per cycle with PNC’s money market account. (Note that those limited transactions from savings accounts are a PNC policy―it’s no longer a government-mandated rule.) And if you want to waive the monthly fee, you just need an average balance of $2,500 in your account.

If access isn’t an issue, then certificates of deposit (CDs) often offer the best APY for savings. You can’t deposit or withdraw money from your CD during the term, so make sure you’re really ready to commit to saving before you open one. Plus it requires a high opening balance of $1,000. But with no maintenance fee or other fees to speak of, CDs can be a good way to build your business savings.

We mentioned earlier that you can get special perks when you open a new PNC account. So before you open yours, let’s talk about those perks in more detail.

Now, we do want to note that PNC’s offers do expire. So the specific offers we discuss here may not exist in a few months. But as far as we can tell, PNC consistently replaces expired offers with new ones. So you should, with any luck, always qualify for at least some kind of neat perk.

You can get a couple different incentives when you open a PNC business checking account.

Many of its business checking accounts waive the monthly account maintenance fee for your first three months. That means you can get a free trial of sorts (you’ll still have to pay other fees) to see if you like your new account.

This offer applies to the following accounts:

  • Business Checking
  • Business Checking Plus
  • Business Interest Checking
  • Non-Profit Checking
  • Treasury Enterprise Plan

Plus, PNC usually has a deal that gets you free money for opening a business checking account. For example, you can get $200 for opening a Business Checking or Business Checking Plus Account. And you can get $500 for opening an Analysis Business Checking or Treasury Enterprise Plan.

You will have to meet some conditions, like keeping a certain account balance and making debit card purchases―pretty routine stuff. But in return, you’ll get free money in your PNC bank account. Neat, huh?

Pin

What does PNC stand for?

PNC stands for Pittsburgh National Corporation and Provident National Corporation—the two banks that merged to create the PNC we know today.

You can also get signup bonuses on certain PNC credit cards.

Take the PNC Cash Rewards Visa card. It lets you get a $200 bonus when you spend $3,000 in your first three months. Or if you’re a big spender, there’s the PNC Business Options credit card. It can get you a $750 credit when you spend $25,000.

Some credit cards also come with a promotional (low or no) APR for your first year, so you can save that way.

Put simply, PNC’s offers can sweeten your signup quite a bit. So when you apply for a bank account or a credit card, make sure you ask about any current deals for new customers.

Browse hundreds of loan options, custom-tailored to your business and budget needs, from a single, simple platform.

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Other small-business offerings from PNC Bank

Speaking of credit cards, let’s take a look at all the other banking products PNC has for small-business owners.

PNC has a number of business financing options, from small lines of credit to large commercial real estate loans.

Compare PNC Bank’s small-business lending

Loan

Loan min./max.

Interest rate

Term

Get a loan

Small Business Loan$20,000/$100,000FixedUp to 60 mos.Apply Now
Secured Small Business Loan$100,001/$3 millionFixed or variableUp to 7 yrs.Apply Now
Commercial real estate loan$100,001/$3 millionFixed or variableUp to 10 yrs. w/ 20 yr. amortizationApply Now
Small Business Vehicle Finance Loan$10,000/$250,000FixedUp to 72 mos.Apply Now
Small Business Line of Credit$20,000/$250,000VariableN/AApply Now
Secured Small Business Line of Credit$100,001/$3 millionVariableN/AApply Now
SBA Business LoansUp to $5 millionFixedUp to 25 yrs.Apply Now

Data effective 11/19/20. At publishing time, rates, fees, and requirements are current but are subject to change. Offers may not be available in all areas.

To qualify for a PNC loan, you’ll usually need to have been in business for at least three years. PNC will also look for a solid credit report and a history of profitability―among other things.

PNC doesn’t list interest rates or APR on its business loans (you’ll have to talk with your branch to get details) so we can’t tell you exactly how those compare to other lenders.

But PNC’s variety of loan options, flexible loan amounts, and lengthy repayment terms make it a good bet for businesses that can qualify for traditional financing—especially if you’re already using PNC for other business financial needs.

Small-business credit cards

PNC has five different Visa credit card options for businesses. Four of these have no annual fee (nice!), and the fifth has options for waiving the fee (assuming you’re a big spender, of course).

You can choose between several types of rewards, including cash back, travel, and points—whatever makes the most sense for your business. Plus, several of the cards have special offers when you spend a certain amount after opening an account.

PNC even has options for employee credit cards, so you don’t always have to let your staff borrow your card to go buy more reams of paper.

Cash Flow Insight is basically PNC’s advanced online banking software suite. It lets you do all the basics of online banking, like viewing your account balances, paying bills, and scheduling account transfers (all of which you can do with PNC’s normal online banking)—but it goes beyond that.

Compare PNC’s online banking

Data effective 11/19/20. At publishing time, rates, fees, and requirements are current but are subject to change. Offers may not be available in all areas.

Cash Flow Insight lets you do a deep dive into your spending by organizing your credit card spending into different categories. It also lets you plan for the future by forecasting account balances and payments. Likewise, it helps you plan future transactions and see how they’ll affect your accounts.

If you use invoices as part of your business, you can even get Cash Flow Insight with Payables/Receivables. As you probably already guessed, it lets you make and send invoices. It also makes it easy to accept payments for those invoices. Plus, it lets you sync Cash Flow Insight with your accounting software.

PNC also offers some other services that might interest you, such as these:

  • Merchant services
  • Treasury management
  • Payroll processing
  • Bank-at-work program
  • IRA retirement plans
  • Tax-advantaged accounts (HSAs, HRAs, FSAs, QTAs)

What customers say about PNC Bank

Overall, PNC has a (slightly) better-than-average reputation with customers, though its ratings have declined a little over recent months. It earned a 2.1 out of 5 on Trustpilot and 3.3 out of 5 on Bank Branch Locator.1,2 (Those scores may not look all that positive, but they’re higher than most banks earn.)

Most of the reviews we saw were pretty specific to local branches. Positive reviews praised the customer service at their local branches, often thanking PNC employees for their specific, actionable advice. On the other hand, negative reviews complained about poor customer service and grumpy branch employees. Oh, and broken ATMs. Lots of broken ATMs.

That means your PNC experience will depend a lot on the staff at your local branch and who’s working when you show up. So hopefully your local branch is one of the good ones.

We have seen some recent complaints that PNC doesn’t deal with fraud well.

Customers complain that PNC didn’t alert them to suspicious transactions and that PNC made it difficult to dispute fraudulent transactions.

So keep an eye on your PNC bank accounts. But rest easy knowing that PNC doesn’t have the kind of company-wide scandals that many other big banks have.

So should you get a business account from PNC? We still don’t have the answer, but hopefully you do.

PNC offers some nice bonuses when you get a new bank account or credit card, which can help you feel better about signing up. And even if you don’t care so much about those offers, PNC has versatile accounts and financial services that can work for many businesses—even if those cost a little more than other banks do.

Not sure PNC has the right bank account for you? No problem. Check out our ranking of the best banks for small business to find a better fit.

Disclaimer

At Business.org, our research is meant to offer general product and service recommendations. We don't guarantee that our suggestions will work best for each individual or business, so consider your unique needs when choosing products and services.

Sources

  1. Trustpilot, “PNC.” Accessed November 19, 2020.
  2. Bank Branch Locator, “PNC Bank.” Accessed November 19, 2020.
Chloe Goodshore

Written by

Chloe Goodshore

Chloe covers business financing and loans for Business.org. She has worked with many small businesses over the past 10 years, from video game stores to law firms. Those years watching frustrated business owners try to sift through their many options gave her a passion for breaking down complex business topics. She wants to help business owners spend less time agonizing over their businesses so they can spend more time running them.

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Источник: https://www.business.org/finance/banking/pnc-bank-review/

PNC Bank Promotions: $100, $200, $250, $300, $400, $500, $1,000 Personal & Business Checking, Referral Bonuses (Many States)

PNC Bank Bonuses

Take advantage of PNC BankPromotions, Bonuses, and Offers here.

They have all new Checking, Savings account promotions that can range in value from $200 to $500.

Table of Contents

About PNC Bank Promotions

PNC Bank opened its doors officially in 1852 and has grown to over 2,400 branches across 20 states. PNC Bank offers various banking services including investment, checking, savings, and CD Rates for you to take advantage of. You can also compare PNC Bank promotions to our list of bank bonuses.

Compare these banking promotions from PNC Bank with institutions like Chase Bank, Citibank, Wells Fargo, Huntington Bank, HSBC, Discover Bank, TD Bank, BBVA, CIT Bank, and Bank of America.

I’ll review the PNC Bank Promotions below.


PNC Bank $200 or $300 Virtual Wallet® Checking Bonus

PNC Bank is offering you a chance to earn up to a $300 bonus when you open up a PNC Bank Virtual Wallet® checking account.

Editor’s Note: If you live outside of PNC Bank’s footprint, you can apply for the PNC Bank Virtual Wallet® Checking Pro and earn up to a $200 bonus.

  • Availability: 
    • PNC Bank Virtual Wallet® (In-Footprint): CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, WI
    • PNC Bank Virtual Wallet® Checking Pro (Out of Footprint): AR, CT, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, TN, UT, VT, WA, WY
  • Direct Deposit Requirement: Yes
  • Hard/Soft Pull:Soft Pull
  • ChexSystem: Unknown
  • Credit Card Funding:Now codes as cash advance
  • Monthly Fee: Varies, but waivable
  • Early account termination fee: $25 if closed within six months
  • Household limit: None listed

(Offer expires 12/31/2021)

If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($300 Bonus), PNC Bank Virtual Wallet (Up To $400 Bonus), BMO Harris Premier ($500 bonus), as well as the TD Bank Beyond Checking ($300 Bonus).

How To Earn The Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT

How To Earn Bonus:

  • To qualify for the reward, the new Virtual Wallet® product must be opened online via the application links on this page OR in a branch using the appropriate coupon
  • Qualifying Direct Deposit(s) must be received within the first 60 days.
  • Virtual Wallet® with Performance Spend: Earn $200 when you establish total qualifying direct deposit(s) of $2,000 or more to the Spend account
  • Virtual Wallet® with Performance Select: Earn $300 when you establish total qualifying direct deposit(s) of $5,000 or more to the Spend account
  • Your Virtual Wallet product must remain open in order for you to receive the reward, which will be credited to the eligible account within 60-90 days after all conditions have been met and will be identified as “Cash Trans Promo Reward” on your monthly statement.
  • Some fees for using non-PNC ATMs are reimbursed
  • Enjoy discounts on select design checks and on the safe deposit box
  • Earn higher interest rates on your Growth account with our relationship rates
  • Virtual Wallet has a $7 monthly fee that is waived with:
    • $500 or more average monthly balance in Spend + Reserve
    • OR, $500 or more in total qualifying monthly direct deposits to the Spend
    • OR if 62+ years old
  • Virtual Wallet with Performance Spend has a $15 monthly fee that is waived with:
    • $2,000 or more average monthly balance in Spend + Reserve
    • OR, $2,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $15,000 combined average monthly balance
  • Virtual Wallet with Performance Select has a $25 monthly fee that is waived with:
    • $5,000 or more average monthly balance in Spend + Reserve + up to 6 linked checking accounts
    • OR, $5,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $25,000 combined average monthly balance
  • Offer is contingent on product availability and may vary based on where you open your account and the Zip code of your primary address.
  • For online or phone origination, the Zip code of your primary address will be used to determine product availability.
  • For origination through a PNC location, product availability will be based on the physical PNC location.
  • You may earn a $300 reward if you open a new Virtual Wallet with Performance Select or a $200 reward if you open a new Virtual Wallet with Performance Spend.
  • Changing your product type any time after account opening and prior to the payout of your earned reward, could result in different offer requirements and reward amount.

PNC Bank $200/$500 Business Checking Bonus

pnc

$200/$500 Business Checking Bonus

PNC Bank is offering new customers to take advantage of a $200 or $500 bonus with a new qualifying PNC Business Checking Account.

  • Account Type: Business Checking/Business Checking Plus, or Treasury Enterprise Plan/Analysis Business Checking
  • Availability: Nationwide
  • Direct Deposit Requirement: No
  • Credit Inquiry:Soft Pull
  • ChexSystems: Unknown
  • Credit Card Funding: Unknown
  • Monthly Fee: None
  • Closing Account Fee: None
  • Household Limit: 1

(Offer expires December 31, 2021)

For other business checking accounts, take a look at our Chase Business Checking ($300 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus).

How to Earn $200/$500 Business Checking Bonus

TAKE ADVANTAGE OF THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • $200 Bonus:
    • Open a new qualifying business checking account
    • Maintain a minimum average cycle balance of $5,000 for each of the first three statement cycles.
    • Make at least 20 total qualifying PNC Bank Visa® Debit Card transactions within the first three statement cycles.
  • $500 Bonus:
    • Open a qualifying Treasury Enterprise Plan or Analysis Business Checking account
    • Maintain a minimum average cycle balance of $30,000 for each of the first three statement cycles.
  • No charge for up to 150 transactions per month based on the combined volume of deposits, deposited items, paid items, and ACH credits and debits received.
  • No charge for up to $5,000 cash deposited per month over-the-counter, in the ATM, at the night depository or via Quick Deposit at no charge.
  • Free Online Banking and Bill Pay
  • Free Mobile Banking
  • Business Checking: $10 monthly account maintenance fee, unless you meet any ONE of the following requirements:
    • $500 average monthly collected balance
    • OR, Use a linked PNC business credit card to make a minimum of $500 in eligible purchases
    • OR, Maintain a linked PNC Merchant Services® account and generate a minimum of $500 in qualifying monthly processing deposits
  • Business Checking Plus: $20 monthly account maintenance fee, unless you meet any ONE of the following requirements:
    • $5,000 average monthly collected balance OR,
    • Use a linked PNC business credit card to make a minimum of $5,000 in eligible purchases OR,
    • Maintain a linked PNC Merchant Services® account and generate a minimum of $5,000 in qualifying monthly processing deposits. OR,
    • Maintain $20,000 average combined collected balance in a linked PNC business checking account and business money market account
  • Analysis Business Checking: $20 monthly account maintenance fee. Then, pay per-item-usage fees for the activity levels and services your business actually uses.
  • Your new checking account must remain open in order for you to receive the reward, which will be credited to the eligible account within 90 days after all conditions have been met and will be identified as “Credits NEW BUS BONUS” on your monthly statement.
  • Only business checking accounts with statements that cycle monthly are eligible for this offer.
  • Business checking accounts that receive statements daily, weekly, or quarterly are ineligible.
  • Already established, converted, or repurposed PNC checking or savings accounts are not eligible.
  • The average cycle balance is defined as the average total within your business checking account at the end of your statement cycle.

PNC Bank $100 Referral Bonus Bonus

Earn a $100 bonus at PNC Bank!

PNC Bank is offering you a chance to earn up to a $100 bonus when you refer a coworker.

  • Account Type: Virtual Wallet, Performance, or Standard Checking
  • Availability: Select territories
  • Direct Deposit Requirement: None
  • Hard/Soft Pull:Soft Pull
  • ChexSystem: Unknown
  • Credit Card Funding:Unknown
  • Monthly Fee: Varies, but waivable
  • Early account termination fee: Unknown
  • Household limit: None listed

(Offer expiration unknown)

You can compare this to several great entry level Checking accounts with bonus offers include the Wells Fargo Everyday Checking ($200 bonus), Chase Total Checking® ($225 bonus), Discover Cash Back Debit (up to $360 Bonus), TD Bank Convenience CheckingSM ($150 bonus), PNC Bank Virtual Wallet ($400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus).

How To Earn The Checking Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
The Refer a Coworker program is open only to customers of PNC WorkPlace Banking, where you may earn up to $1,000 per year.The coworkers you refer must also work for companies that are part of the WorkPlace Banking program— a PNC banker can quickly confirm that for them.
  1. Confirm you are a PNC WorkPlace Banking customer.
    • Confirm you are a PNC WorkPlace Banking customer by entering your online banking credentials.
  2. Refer a coworker – or more than one
    • Identify the coworkers you’d like to refer. Make sure they’re qualified. Then it’s simple–just type in their name and email.
  3. Tell your coworker(s) to check their inbox
    • Your Coworker will receive an email with a coupon ID. The email includes your name and will inform your coworker that they may qualify for a special new customer offer.
  4. Your coworker(s) open an eligible account in a branch
    • A PNC banker can help your coworker confirm they qualify for the program. Your coworker must open an eligible PNC WorkPlace Banking checking product, and meet new customer offer stipulations.
  5. You may receive a $100 referral reward.
    • If your coworker meets those stipulations, you receive $100 into your PNC WorkPlace Banking checking product.
  • Some fees for using non-PNC ATMs are reimbursed
  • Enjoy discounts on select design checks and on the safe deposit box
  • Earn higher interest rates on your Growth account with our relationship rates
  • Virtual Wallet has a $7 monthly fee that is waived with:
    • $500 or more average monthly balance in Spend + Reserve
    • OR, $500 or more in total qualifying monthly direct deposits to the Spend
    • OR if 62+ years old
  • Virtual Wallet with Performance Spend has a $15 monthly fee that is waived with:
    • $2,000 or more average monthly balance in Spend + Reserve
    • OR, $2,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $15,000 combined average monthly balance
  • Virtual Wallet with Performance Select has a $25 monthly fee that is waived with:
    • $5,000 or more average monthly balance in Spend + Reserve + up to 6 linked checking accounts
    • OR, $5,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $25,000 combined average monthly balance
  • To be awarded $100 for referring a new customer to PNC WorkPlace Banking, you must hold a PNC WorkPlace Banking Virtual Wallet with Performance Select, Virtual Wallet with Performance Spend, Virtual Wallet, Performance Select Checking, Performance Checking or Standard Checking account and make a qualified referral through the online form found at pnc.com/referacoworker.
  • You must obtain permission from the person you are referring (the “Referee”) for PNC to email them an offer on your behalf, because when you make a referral online, an email (the “Referral Email”) to the Referee is generated indicating your name, a referral to open a qualifying PNC WorkPlace Banking checking product and a Coupon ID. To be eligible for the PNC Workplace Banking program’s new customer offer, the Referee must be employed by a company that participates in the PNC WorkPlace Banking program.
  • In order for you to qualify to receive your reward, the Referee must first meet the following requirements: 1) is eligible for the PNC WorkPlace Banking program; 2) does not have signing authority on an existing PNC Bank consumer checking account, did not close an account within the past 90 days, and was not paid a promotional premium within the past 24 months; 3) when applying in person, presents the Referral Email with the Coupon ID by showing it to a PNC representative where available or, when applying via the Referral email, begins the digital application by clicking the “apply now” button where available; and 4) opens a qualifying PNC WorkPlace Banking checking product and meets the stipulations to earn a PNC WorkPlace Banking monetary reward.
  • Your reward of $100 will be credited to your account within 60 to 90 days after the monetary reward is issued to the Referee and will be identified as “CREDITS WORKPLACE REFER” on your statement. You are limited to ten referral payments of $100 — up to $1,000 per 12-month period. This offer may be extended, modified or withdrawn at any time without prior notice and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099 and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation.
    • The Referee does not receive the offer email because the Referee already has a PNC checking account, is in the PNC email unsubscribe list, has received the maximum number of Refer a Coworker emails from others, has received and redeemed a Refer a Coworker coupon code or if the email address you provided is incorrect or is no longer valid.
    • The Referee does not qualify for the new customer offer because the Referee is not eligible for PNC WorkPlace Banking, opens a PNC WorkPlace Banking checking product that is not included in the new customer offer, fails to meet any stipulations of the offer, has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 24 months.
    • The Referee opens a PNC WorkPlace Banking checking product using a referral coupon ID provided by another coworker’s referral or does not show the referral coupon ID when opening the new PNC WorkPlace Banking checking product.
    • The Referee chooses not to open a PNC WorkPlace Banking checking product.
    • You close your PNC checking product before you receive your reward. The reasons you may not receive this referral reward include, but are not limited to, the following:
  • If you have not received a $100 reward identified as “CREDITS WORKPLACE REWARD” on your PNC statement by 90 days after the new customer offer’s end date, you should consider the referral expired. The new customer offer was included in the Referee email. Due to the confidential nature, PNC cannot disclose any information about qualifying accounts applied for or opened by Referees.

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Bottom Line

Current PNC Bank Promotions offers various bonuses from $200 to $500 depending on what you sign-up for. Therefore, this allows you to earn interest on your account balances. However, these rates are incredibly low, and direct deposit requirements for some of these bonuses are steep.

Feel free to comment below if you have experience banking with PNC Bank.

*We will continue to add to this review for more up to date and current promotions, bonuses, and offers.

This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser.

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See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, Wells Fargo, and PNC Bank. See our best rates for Savings and CD.
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Filed under: Bank Promotions

Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

About Danny Nguyen

Danny Nguyen has a keen sense in how to save and make money while being as frugal as possible. With this, he is committed to passing on this knowledge and skills to our readers. Outside of work, Danny enjoys helping and giving back to the community, reading, working out, and spending time with what matters most - family!

Источник: https://www.hustlermoneyblog.com/pnc-bank-promotions/

How to Open a Bank Account Online

In a busy world, the ability to do things online is priceless. Fortunately, you can complete most banking tasks online—even opening your account, in many cases. That means you don’t need to make trips to a branch or print and sign paper forms. It's all handled digitally, and once your account is open, you can transfer funds and pay bills online.

What You Need to Open an Account

To open a bank account online, be prepared to provide personal information so the bank can verify your identity. You may also need to arrange for electronic deposits to your new online bank account. Gather the following items before you start the process:

Personal information: You need to tell the bank who you are and provide personal details about yourself. So be prepared to give:

  • Your Social Security number
  • Your date of birth
  • Any government-issued ID numbers (driver’s license, passport, U.S. military ID, etc.) with the issue and expiration dates

Contact information: Banks need your home address, phone number, and email address. Even though you’re operating in the virtual world, federal law requires you to provide a physical address—where you actually live—but you can also give a post office box or the equivalent as a mailing address.

Funding information: Banks often require an initial deposit to get your account opened; typically, it's from $25 to $100. To do that, you might be able to use your credit or debit card. Alternatively, you can provide routing and account numbers to create a link to another bank account.

Signatures and E-Signatures

With some banks, you’re done opening your account once you provide that information. You can sign any legal agreements with an e-signature and can start using the account almost immediately. Even many small credit unions and regional banks accept e-signatures. If you have an idea of where you’d like to bank, simply visit that institution’s website and look for an option to “Open an Account Now.”

Other banks let you begin your application online but eventually require an actual signature. In such situations, you typically get a "Welcome Kit" in the mail containing any required documents, including a formal signature card. Although the writing of paper checks is on the decline, these banks still like your file to contain an official signature to verify a check or debit card purchase in the event of a dispute.

If the bank needs your signature on paper, you may need to wait longer before using your account while the bank processes your paperwork.

If you need to use your new account quickly, call the bank and ask what the process is. You might be better off opening an account in person or going with a bank that lets you open an account entirely online.

Challenges Opening an Account Online

In some cases, you need to visit a branch or provide additional documentation to open an account. Some common reasons include:

“Thin” credit: Banks verify your identity as you open your account. One of the ways they do this is by checking your credit. (Yes, they check your credit even if you’re not borrowing money.) If you don’t have much of a credit history—because you’re young and haven’t borrowed enough to build credit, for example—they won’t find anything. As a result, they may require you visit a brick-and-mortar branch with a government-issued ID to open your account.

Under 18: People under the age of 18 cannot open bank accounts on their own. If you’re a minor and want a checking or savings account, there are bank accounts for people under 18, but you will need an adult co-signer on the account and might need to visit a branch in person.

If you’re having any difficulty, your best bet for getting an account opened online is to use an online-only bank, because they’ve been doing this for years.

Checking account history: If you have overdrawn checking accounts or have been suspected of fraud in the past—or shared an account with someone who has—you might not be able to open a new checking account online. Be sure to review your ChexSystems report for errors if you’re having a hard time getting an account. Again, you might have better luck at a branch.

Citizenship: It’s easiest to open accounts online if you’re a U.S. citizen. That doesn’t mean it’s impossible if you’re not a citizen, but a visit to the branch might be necessary. Some banks and credit card issuers might require a different process when you open accounts with an ITIN.

Entity accounts: Most banks with online account opening allow people to open an account. If you need an account for a business, trust, or other organization, some banks require you to head to the branch or submit account forms by mail. The ability to open these accounts online is increasingly available, but it’s still not a given.

To open a business account, you will need your employer identification number (EIN); your business formation documents, such as your articles of organization and operating agreement; and federal, state, and local business licenses and permits, if applicable.

Источник: https://www.thebalance.com/can-you-open-a-bank-account-online-315160

Have you been blacklisted by ChexSystems? If so, you’re probably wondering how you can open a checking or savings account.

Having an account in ChexSystems can remain there for 3 to 5 years. And, unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.

However, there are some banks that don’t use ChexSystems. Plus, some “second chance” banks offer options to people who can’t get approved for an account elsewhere.

PNC Bank

The reason you’re probably here is because you want to know, “does PNC Bank use ChexSystems?” Unfortunately, the answer is, yes, they do.

However, as we mentioned, you still have options. There are numerous banks and credit unions that don’t use ChexSystems. Below is a list of what we believe are the top 3 options. You will also find a list of other resources, including more options and a guide on how you can get out of ChexSystems.

Best Banks That Don’t Use ChexSystems

Chime

Overview

With Chime, a bad credit score is no longer a deal-breaker. They offer an award-winning mobile bank account and debit card with no credit check.

There are no hidden bank fees. And by that, we mean, no overdraft fees, no monthly maintenance charges, no foreign transaction fees, and no minimum balance fees – ever.

They offer over 60,000 surcharge fee-free ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. Chime is definitely one of the best second chance banking options on this list.

Acorns Spend Checking Account

Overview

The Acorns Spend Checking Account is the best of both worlds. It’s a flexible online checking account, and it also provides Acorns’ core investing functionality.

When you sign up for the account, you’ll receive an Acorns Visa debit card. And every time you swipe your card, Acorns rounds your transaction up to the nearest dollar. These funds are then invested in one of the preselected ETF funds you chose.

Plus, Acorns Spend comes with several other helpful features. There are no ATM fees, and Acorns will reimburse you monthly for any third-party fees you accrue. And there are no overdraft fees or minimum balance requirements.

There is a $3 monthly fee for the Acorns Spend Checking Account, but the unlimited ATM reimbursements will more than compensate for this. Here is an overview of the account’s features:

  • Unlimited ATM reimbursement
  • No overdraft fees
  • No minimum balance required
  • FDIC-insured up to $250,000
  • Comes with mobile banking
  • Automated bill pay
  • Mobile check deposit
  • Direct deposit

Looking for more options? Check out the full list here.

See also:5 Credit Unions That Don’t Use ChexSystems

How to Get Out of ChexSystems in 4 Simple Steps

Источник: https://www.crediful.com/chexsystems/pnc-bank/

How To Open a PNC Bank Account

Banking / Banks

pnc bank open account online Ken Wolter / Shutterstock.com

If your bed is feeling the strain from all that cash stuffed discreetly between its box spring and mattress, or your wallet is bursting at the seams, maybe it’s time to open a bank account. It’s easier than you think. The same is true if you are starting a small business. PNC Bank has a wide range of services for small business owners.

Cash may be great for buying a pizza pnc bank open account online getting groceries, but when you need to pay bills or make a big purchase, you need a checking account, a savings account or both. Having a bank account is a safe and secure way to track spending and manage your finances.

Regardless of the type of account that best meets your financial goals, you’ll need to know the steps to get started if you’re interested in opening an account with PNC Bank. This guide to opening a PNC Bank account will cover the following topics:

Steps To Open a PNC Bank Account

There are many reasons why people choose to open a bank bankrate mortgage payment calculator. Here are some of the most important reasons:

  • Security: Carrying large amounts of cash around is risky, and having all your money in one location where you can access it anytime is much safer.
  • A bank account is convenient for keeping track of spending and budgeting your finances.
  • You can store money for a rainy day and watch your savings grow for retirement.

PNC Bank offers a range of options to choose from, including traditional checking and savings accounts. You can also choose to manage your money online with a Virtual Wallet account.

Here’s what you need to do to open a PNC Bank account.

1. Gather Your Personal Information

All financial institutions are required by federal law to obtain, verify and record information that identifies you. When you open a bank account with PNC Bank, you will be asked for your personal information, including:

  • Your name
  • Legal physical address
  • Date of birth
  • Social Security number or Taxpayer Identification Number
  • Any other information that will allow PNC Bank to verify that you are who you say you are

You may also be asked for some identifying documents such as your driver’s license or other picture ID. 

2. Decide What Kind of Bank Account You Want To Open

If you’re opening a bank account for the first time, you might consider opening a checking account, a savings account or both. Checking accounts are generally used for day-to-day purchases, whereas savings accounts earn interest and help you put money aside for when you need it. PNC Bank has a number of Virtual Wallet account options, which combine both checking and savings features.

Here’s an overview of the checking and savings account options that PNC offers.

Traditional Checking and Savings Accounts

  • Performance Select Checking: This account gives customers access to PNC Bank’s highest level of benefits and rewards, along with free ATM transactions. 
  • Performance Checking:Customers can earn interest on balances of $2,000 or more. Plus, there are no charges at PNC Bank ATMs, and customers can take advantage of unlimited check writing. 
  • Standard Checking:Customers who only want a basic checking account may find this PNC account to be their best option. It comes with free PNC ATM transactions and cash rewards.
  • PNC High Yield Savings: With an online savings account, you can earn a high2.00% annual percentage yield. And you can open your account with any amount.
  • Standard Savings: This account lets customers earn interest with a minimum balance of just $1.

Virtual Wallet Accounts

PNC Bank’s Virtual Wallet helps you manage your money online. You can pay your bills, track your spending, set savings goals and more with its online tools. Virtual Wallet is both checking bank of eastman magnolia state bank savings, made up of three accounts: 

  • Spend: Your primary, noninterest-bearing checking account
  • Reserve:Interest-bearing checking account for short-term savings
  • Growth: Savings account that earns interest for long-term savings

Virtual Wallet offers the following benefits:

Customers can earn a 2.15% APY, and those who are eligible can earn an even higher relationship rate. Eligible customers can also earn cash with PNC Purchase Payback, a customized rewards program based on your spending habits. It provides offers at your favorite retailers or suggests similar businesses that you may like.

Several versions of Virtual Wallet are available to choose from. Here’s a look at some of the features of each version:

Virtual Wallet With Performance Select

  • Unlimited check writing
  • Overdraft protection
  • Earn cash with PNC Purchase Payback
  • Discount on check orders
  • No charge for cashier’s checks and stop payments
  • Free identity theft insurance
  • $100 discount on annual rental fee for safe deposit box 
  • Free domestic wire transfers

Virtual Wallet With Performance Spend

  • Unlimited check writing
  • Overdraft protection
  • Earn cash with PNC Purchase Payback
  • Free identity theft insurance
  • $10 discount on annual rental fee for safe deposit box

Virtual Wallet

  • Unlimited check writing
  • Overdraft protection
  • Earn cash with PNC Purchase Payback 

Virtual Wallet Student

  • PNC Bank Visa Debit Card
  • Unlimited check writing on your Spend account
  • Overdraft protection and coverage options
  • One free domestic or international incoming wire transfer per statement period

3. Fill Out the Online Application or Apply in Person

You could visit a PNC Bank branch in person to open your first arvest online banking app or savings account, but filling out the application online is easy and will save you time. 

The first thing you’ll need to do is answer whether you are a U.S. citizen or not. You’ll also supply your personal details, including:

  • Your name
  • Address
  • Contact information, including phone number and email address
  • Employment information

You will be asked to make your first deposit, and if your account is approved, you’re ready to bank.

If you choose instead to visit one of about 2,400 locations across 21 states and Washington, D.C., bank personnel will be happy to help you open your account. If you have questions, you can call 1-888-PNC-BANK (1-888-762-2265) for assistance.

PNC Bank Checking Account Fees and Features

The chart below includes the most common fees associated with PNC Bank’s traditional checking accounts. Other fees may apply.

PNC Bank Checking Accounts at a Glance

Fees and FeaturesPerformance Select CheckingPerformance CheckingStandard Checking
Monthly service charge$25; eligible customers can waive fee$15$7
Minimum deposit to open account$25$25$25
ATM fees$0 at all PNC locations and non-PNC Bank ATMs$0 at all PNC ATMs; $3 to $5 at all other ATMs$0 at all PNC ATMs; $3 to $5 at all other ATMs
Overdraft fee$36$36$36
Early closure fee$25$25$25

PNC Bank Savings Account Fees and Features

In addition to the standard fees that PNC’s savings accounts have, other fees such as ATM and overdraft charges may apply. Here are some of the fees and features of PNC Bank’s savings accounts:

PNC Bank Savings Accounts at a Glance

Fees and FeaturesPNC High Yield SavingsStandard Savings
Minimum deposit to open account$0$25
Monthly service charge$0$5; eligible customers can waive fee
ATM fees$0 at all PNC ATMs; $3 to $5 at all other ATMs$0 at all PNC ATMs; $3 to $5 at all other ATMs
Overdraft fee$36$36
Standard Pnc bank open account online Wallet Fees

Among other fees, monthly service charges are associated with certain Virtual Wallet accounts. However, for each Virtual Wallet option that comes with a monthly service charge, customers can meet one of the requirements listed below to avoid the monthly fee: 

Monthly Service Fees for Virtual Wallet Accounts
AccountMonthly Service ChargeWays To Avoid the Monthly Fee
Virtual Wallet with Performance Select$25
  • $5,000 combined average monthly balance in your Spend account, Reserve account and/or up to six linked PNC consumer checking accounts
  • $5,000 or more in total qualifying monthly direct deposits to your Spend account
  • $25,000 combined average monthly balance in PNC consumer deposit and/or investment accounts

Virtual Wallet with Performance Spend

$15
  • $2,000 average monthly balance in your Spend and/or Reserve accounts
  • $2,000 or american savings bank home equity loan in total qualifying direct deposits to your Spend account per statement period
  • $10,000 combined average monthly balance in PNC consumer deposit accounts

Virtual Wallet

$7
  • $500 average monthly balance in your Spend and/or Reserve accounts
  • $500 or more in qualifying monthly direct deposits
  • No monthly service charge if account holder is at least 62 years old

Virtual Wallet Student

No monthly service charge for the first six years
  • You may have to prove you are enrolled in a qualifying educational institution

How To Avoid Unwanted Fees

When it comes to fees, some are transparent on a bank’s website or in printed materials, while others are hidden in the small print. PNC Bank’s fees are prominent on its website. Here are a couple of types of fees to look out for.

ATM Fees

Some PNC checking accounts charge a fee if you use an ATM that is not associated with PNC Bank. The charge can range from $3 to $5 depending on the country in which the ATM is located. The best way to avoid this fee is to use a PNC Bank ATM for all your needs. 

Overdraft Fees

PNC charges a $36 per item overdraft fee. The best way to avoid being changed is to monitor your account and keep track of your balance, outstanding checks and scheduled bill payments. By automatically scheduling recurring monthly payments using PNC’s online bill pay, you can avoid having bills hit on the same day of the month. 

Benefits of Having a PNC Bank Account

PNC Bank offers a range of convenient online banking services. Here are just a few of the benefits you can expect:

  • Get notified of activity on your PNC Bank accounts via email or text message alerts
  • Set up security alerts to notify you of any possible fraudulent transactions
  • Easily transfer funds between your accounts from your mobile device or computer
  • Ability to schedule payments up to one year in advance
  • Receive email reminders about payment deadlines

Monitoring and Protecting Your PNC Bank Account

There are several things you can do to protect your bank accounts against fraud and identity theft: 

  • If you receive a call about your accounts but you’re not certain it’s really from your bank, do not give out personal information such as your Social Security number or PIN number over the phone. 
  • Sign up for identity theft protection.
  • If you normally get paper statements in the mail, notify the bank immediately if you don’t receive a statement on time.
  • Review all of your bank statements for each of your accounts.
  • Check your credit reports at least annually.
  • Exercise caution when using Wi-Fi in a public place.
  • Keep your passwords, PIN numbers and other personal information secure.

If you’re ever concerned that you may have disclosed confidential information or received a fraudulent email, or if you just have questions about online security, you can contact PNC Bank customer service at 1-888-PNC-BANK (1-888-762-2265). Customer service representatives are available from 7 a.m. to 10 p.m. Eastern time Monday through Friday and from 8 a.m. to 5 p.m. Eastern time Saturday and Sunday.

Is PNC Bank Right for You?

PNC Bank offers customers a wide range of products, including Virtual Wallet, which comes with online account management tools that are more extensive than comparable services at other banks.  

You won’t see the highest interest rates on deposit accounts at PNC Bank, but you will see low monthly fees that can be waived by meeting certain requirements. PNC also charges lower monthly checking account fees and requires lower minimum balances to waive the fees. And students won’t be charged monthly service fees on their Virtual Wallet accounts if they are enrolled at a qualifying institution. 

Rates are subject to change; other information on accounts is accurate as of Oct. 17, 2019.

About the Author

Kathryn Pomroy is a professional writer with expertise in personal and business finance. Kathryn holds a BA in Journalism and has written for major publications, small and medium size business clients and several business journals. Kathryn has more than 15 years of experience, is adept with SEO best practices, AP and other style guides, and has hands-on experience with various content management systems. 

Источник: https://www.gobankingrates.com/banking/banks/how-to-open-pnc-bank-account/

How to Open a Bank Account Online

In a busy world, the ability to do things online is priceless. Fortunately, you can complete most banking tasks online—even opening your account, in many cases. That means you don’t need to make trips to a branch or print and sign paper forms. It's all handled digitally, and once your account is open, you can transfer funds and pay bills online.

What You Need to Open an Account

To open a bank account online, be prepared to provide personal information so the bank can verify your identity. You may also need to arrange for electronic deposits to your new online bank account. Gather the following items before you start the process:

Personal information: You need to tell the bank who you are and provide personal details about yourself. So be prepared to give:

  • Your Social Security number
  • Your date of birth
  • Any government-issued ID numbers (driver’s license, passport, U.S. military ID, etc.) with the issue and expiration dates

Contact information: Banks need your home address, phone number, and email address. Even though you’re operating in the virtual world, federal law requires you to provide a physical address—where you actually live—but you can also give a post office box or the equivalent as a mailing address.

Funding information: Banks often require an initial deposit to get your account opened; typically, it's from $25 to $100. To do that, you might be able to use your credit or debit card. Alternatively, you can provide routing and account numbers to create a link to another bank account.

Signatures and E-Signatures

With some banks, you’re done opening your account once you provide that information. You can sign any legal agreements with an e-signature and can start using the account almost immediately. Even many small credit unions and regional banks accept e-signatures. If you have an idea of where you’d like to bank, simply visit that institution’s website and look for an option to “Open an Account Now.”

Other banks let you begin your application online but eventually require an actual signature. In such situations, you typically get a "Welcome Kit" in the mail containing any required documents, including a formal signature card. Although the writing of paper checks is on the decline, these banks still like your file to contain an official signature to verify a check or debit card purchase in the event of a dispute.

If the bank needs your signature on paper, you may need to wait longer before using your account while the bank processes your paperwork.

If you need to use your new account quickly, call the bank and ask what the process is. You might be better off opening an account in person or going with a bank that lets you open an account entirely online.

Challenges Opening an Account Online

In some cases, you need to visit a branch or provide additional documentation to city bank lubbock texas phone number an account. Some common reasons include:

“Thin” credit: Banks verify your identity as you open your account. One of the ways they do this is by checking your credit. (Yes, they check your credit even if you’re not borrowing money.) If you don’t have much of a credit history—because you’re young and haven’t borrowed enough to build credit, for example—they won’t find anything. As a result, they may require you visit a brick-and-mortar branch with a government-issued ID to open your account.

Under 18: People under the age of 18 cannot open bank accounts on their own. If you’re a minor and want a checking or savings account, there are bank accounts for people under 18, but you will need an adult co-signer on the account and might need to visit a branch in person.

If you’re having any difficulty, your best bet for getting an account opened online is to use an online-only bank, because they’ve been doing this for years.

Checking account history: If you have overdrawn checking accounts or have been suspected of fraud in the past—or shared an account with someone who has—you might not be able to open a new checking account online. Be sure to review your ChexSystems report for errors if you’re having a hard time getting an account. Again, you might have better luck at a branch.

Citizenship: It’s easiest to open accounts online if you’re a U.S. citizen. That doesn’t mean it’s impossible if you’re not a citizen, but a visit to the branch might be necessary. Some banks and credit card issuers might require a different process when you open accounts with an ITIN.

Entity accounts: Most banks with online pnc bank open account online opening allow people to open an account. If you need an account for a business, trust, or other organization, some banks require you to head to the branch or submit account forms by mail. The ability to open these accounts online is increasingly available, but it’s still not a given.

To open a business account, you will need your employer identification number (EIN); your business formation documents, such as your articles of organization and operating agreement; and federal, state, and local business licenses and permits, if applicable.

Источник: https://www.thebalance.com/can-you-open-a-bank-account-online-315160

PNC Bank Promotions: $100, $200, $250, $300, $400, $500, $1,000 Personal & Business Checking, Referral Bonuses (Many States)

PNC Bank Bonuses

Take advantage of PNC BankPromotions, Bonuses, and Offers here.

They have all new Checking, Savings account promotions that can range in value from $200 to $500.

Table of Contents

About PNC Bank Promotions

PNC Bank opened its doors officially in 1852 and has grown to over 2,400 branches across 20 states. PNC Bank offers various banking services including investment, checking, savings, and CD Rates for you to take advantage of. You can also compare PNC Bank promotions to our list of bank bonuses.

Compare these banking promotions from PNC Bank with institutions like Chase Bank, Citibank, Wells Fargo, Huntington Bank, HSBC, Discover Bank, TD Bank, BBVA, CIT Bank, and Bank of America.

I’ll review the PNC Bank Promotions below.


PNC Bank $200 or $300 Virtual Wallet® Checking Bonus

PNC Bank is offering you a chance to earn up to a $300 bonus when you open up a PNC Bank Virtual Wallet® checking account.

Editor’s Note: If you live outside of PNC Bank’s footprint, you can apply for service credit union branches near me PNC Bank Virtual Wallet® Checking Pro and earn up to a $200 bonus.

  • Availability: 
    • PNC Bank Virtual Wallet® (In-Footprint): CA, TX, AZ, NM, CO, PA, FL, OH, WV, DE, NJ, SC, NC, GA, KY, IN, MI, IL, MD, DC, WV, WI
    • PNC Bank Virtual Wallet® Checking Pro (Out of Footprint): AR, CT, ID, IA, KS, LA, ME, MA, MN, MS, MT, NE, NV, NH, ND, OK, OR, RI, TN, UT, VT, WA, WY
  • Direct Deposit Requirement: Yes
  • Hard/Soft Pull:Soft Pull
  • ChexSystem: Unknown
  • Credit Card Funding:Now codes as cash advance
  • Monthly Fee: Varies, but waivable
  • Early account termination fee: $25 if closed within six months
  • Household limit: None listed

(Offer expires 12/31/2021)

If you're looking for more advanced features for a checking account, you may want to compare this offer to the following: HSBC Premier Checking ($450 Bonus), Huntington 25 Checking ($300 Bonus), PNC Bank Virtual Wallet (Up To $400 Bonus), BMO Harris Premier ($500 bonus), as well as the TD Bank Beyond Checking ($300 Bonus).

How To Earn The Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT

How To Earn Bonus:

  • To qualify for the reward, the new Virtual Wallet® product must be opened online via the application links on this page OR in a branch using the appropriate coupon
  • Qualifying Direct Deposit(s) must be received within the first 60 days.
  • Virtual Wallet® with Performance Spend: Earn $200 when you establish total qualifying direct deposit(s) of $2,000 or more to the Spend account
  • Virtual Wallet® with Performance Select: Earn $300 when you establish total qualifying direct deposit(s) of $5,000 or more to the Spend account
  • Your Virtual Wallet product must remain open in order for you to receive the reward, which will be credited to the eligible account within 60-90 days after all conditions have been met and will be identified as “Cash Trans Promo Reward” on your monthly statement.
  • Some fees for using non-PNC ATMs are reimbursed
  • Enjoy discounts on select design checks and on the safe deposit box
  • Earn higher interest rates on your Growth account with our relationship rates
  • Virtual Wallet has a $7 monthly fee that is waived with:
    • $500 or more average monthly balance in Spend + Reserve
    • OR, $500 or more in total qualifying monthly direct deposits to the Spend
    • OR if 62+ years old
  • Virtual Wallet with Performance Spend has a $15 monthly fee that is waived with:
    • $2,000 or more average monthly balance in Spend + Reserve
    • OR, $2,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $15,000 combined average monthly balance
  • Virtual Wallet with Performance Select has a $25 monthly fee that is waived with:
    • $5,000 or more average monthly balance pnc bank open account online Spend + Reserve + up to 6 linked checking accounts
    • OR, $5,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $25,000 combined average monthly balance
  • Offer is contingent on product availability and may vary based on where you open your account and the Zip code of your primary address.
  • For online or phone origination, the Zip code of your primary address will be used to determine product availability.
  • For origination through a PNC location, product availability will be based on the physical PNC location.
  • You may earn a $300 reward if you open a new Virtual Wallet with Performance Select or a $200 reward if you open a new Virtual Wallet with Performance Spend.
  • Changing your product type any time after account opening and prior to the payout of your earned reward, could result in different offer requirements and reward amount.

PNC Bank $200/$500 Business Checking Bonus

pnc

$200/$500 Business Checking Bonus

PNC Bank is offering new customers to take advantage of a $200 or $500 bonus with a new qualifying PNC Business Checking Account.

  • Account Type: Business Checking/Business Checking Plus, or Treasury Enterprise Plan/Analysis Business Checking
  • Availability: Nationwide
  • Direct Deposit Requirement: No
  • Credit Inquiry:Soft Pull
  • ChexSystems: Unknown
  • Credit Card Funding: Unknown
  • Monthly Fee: None
  • Closing Account Fee: None
  • Household Limit: 1

(Offer expires December 31, 2021)

For other business checking accounts, take a look at our Chase Business Checking ($300 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 Bonus).

How to Earn $200/$500 Business Checking Bonus

TAKE ADVANTAGE OF THE BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
  • $200 Bonus:
    • Open a new qualifying business checking account
    • Maintain a minimum average cycle balance of $5,000 for each of the first three statement cycles.
    • Make at least 20 total qualifying PNC Bank Visa® Debit Card transactions within the first three statement cycles.
  • $500 Bonus:
    • Open a qualifying Treasury Enterprise Plan or Analysis Business Checking account
    • Maintain a minimum average cycle balance of $30,000 for each of the first three statement cycles.
  • No charge for up to 150 transactions per month based on the combined volume of deposits, deposited items, paid items, and ACH credits and debits received.
  • No charge for up to $5,000 cash deposited per month over-the-counter, in the ATM, at the night depository or via Quick Deposit at no charge.
  • Free Online Banking and Bill Pay
  • Free Mobile Banking
  • Business Checking: $10 monthly account maintenance fee, unless you meet any ONE of the following requirements:
    • $500 average monthly collected balance
    • OR, Use a linked PNC business credit card to make a minimum of $500 in eligible purchases
    • OR, Maintain a linked PNC Merchant Services® account and generate a minimum of $500 in qualifying monthly processing deposits
  • Business Checking Plus: $20 monthly account maintenance fee, unless you meet any ONE of the following requirements:
    • $5,000 average monthly collected balance OR,
    • Use a linked PNC business credit card to make a minimum of $5,000 in eligible purchases OR,
    • Maintain a linked PNC Merchant Services® account and generate a minimum of $5,000 in qualifying monthly processing deposits. OR,
    • Maintain $20,000 average combined collected balance in a linked PNC business checking account and business money market account
  • Analysis Business Checking: $20 monthly account maintenance fee. Then, pay per-item-usage fees for the activity levels and services your business actually uses.
  • Your new checking account must remain open in order for you to receive the reward, which will be credited to the eligible account within 90 days after all conditions have been met and will be identified as “Credits NEW BUS BONUS” on your monthly statement.
  • Only business checking accounts with statements that cycle monthly are eligible for this offer.
  • Business checking accounts that receive statements daily, weekly, or quarterly are ineligible.
  • Already established, converted, or repurposed PNC checking or savings accounts are not eligible.
  • The average cycle balance is defined as the average total within your business checking account at the end of your statement cycle.

PNC Bank $100 Referral Bonus Bonus

Earn a $100 bonus at PNC Bank!

PNC Bank is offering you a chance to earn up to a $100 bonus when you refer a coworker.

  • Account Type: Virtual Wallet, Performance, or Standard Checking
  • Availability: Select territories
  • Direct Deposit Requirement: None
  • Hard/Soft Pull:Soft Pull
  • ChexSystem: Unknown
  • Credit Card Funding:Unknown
  • Monthly Fee: Varies, but waivable
  • Early account termination fee: Unknown
  • Household limit: None listed

(Offer expiration unknown)

You can compare this to several great entry level Checking accounts with bonus offers include the Wells Fargo Everyday Checking ($200 bonus), pnc bank open account online Total Checking® ($225 bonus), Discover Cash Back Debit (up to $360 Bonus), TD Bank Convenience CheckingSM ($150 bonus), PNC Bank Virtual Wallet ($400 bonus), Chase Secure Banking ($100 Bonus), and Aspiration Spend & Save Account ($150 bonus).

How To Earn The Checking Bonus

HOW TO EARN BONUSACCOUNT FEATURESWAIVE THE MONTHLY FEEFINE PRINT
The Refer a Coworker program is open only to customers of PNC WorkPlace Banking, where you may earn up to $1,000 per year.The coworkers you refer must also work for companies that are part of the WorkPlace Banking program— a PNC banker can quickly confirm that for them.
  1. Confirm you are a PNC WorkPlace Banking customer.
    • Confirm you are a PNC WorkPlace Banking customer by entering your online banking credentials.
  2. Refer a coworker – or more than one
    • Identify the coworkers you’d like to refer. Make sure they’re qualified. Then it’s simple–just type in their name and email.
  3. Tell your coworker(s) to check their inbox
    • Your Coworker will receive an email with a coupon ID. The email includes your name and will inform your coworker that they may qualify for a special new customer offer.
  4. Your coworker(s) open an eligible account in a branch
    • A PNC banker can help your coworker confirm they qualify for the program. Your coworker must open an eligible PNC WorkPlace Banking checking product, and meet new customer offer stipulations.
  5. You may receive a $100 referral reward.
    • If your coworker meets those stipulations, you receive $100 into your PNC WorkPlace Banking checking product.
  • Some fees for using non-PNC ATMs are reimbursed
  • Enjoy discounts on select design checks and on the safe deposit box
  • Earn higher interest rates on your Growth account with our relationship rates
  • Virtual Wallet has a $7 monthly fee that is waived with:
    • $500 or more average monthly balance in Spend + Reserve
    • OR, $500 or more in total qualifying monthly direct deposits to the Spend
    • OR if 62+ years old
  • Virtual Wallet with Performance Spend has a $15 monthly fee that is waived with:
    • $2,000 or more average monthly balance in Spend + Reserve
    • OR, $2,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $15,000 combined average monthly balance
  • Virtual Wallet with Performance Select has a $25 monthly fee that is waived with:
    • $5,000 or more average monthly balance in Spend + Reserve + up to 6 linked checking accounts
    • OR, $5,000 or more in total qualifying monthly direct deposits to the Spend
    • OR, $25,000 combined average monthly balance
  • To be awarded $100 for referring a new customer to PNC WorkPlace Banking, you must hold a PNC WorkPlace Banking Virtual Wallet with Performance Select, Virtual Wallet with Performance Spend, Virtual Wallet, Performance Select Checking, Performance Checking or Standard Checking account and make a qualified referral through the online form found at pnc.com/referacoworker.
  • You must obtain permission from the person you are referring (the “Referee”) for PNC to email them an offer on your behalf, because when you make a referral online, an email (the “Referral Email”) to the Referee is generated indicating your name, a referral to open a qualifying PNC WorkPlace Banking checking product and a Coupon ID. To be eligible for the PNC Workplace Banking program’s new customer offer, the Referee must be employed by a company that participates in the PNC WorkPlace Banking program.
  • In order for you to qualify to receive your reward, the Referee must first meet the following requirements: 1) is eligible for the PNC WorkPlace Banking program; 2) does not have signing authority on an existing PNC Bank consumer checking account, did not close an account within the past 90 days, and was not paid a promotional premium within the past 24 months; 3) when applying in person, presents the Referral Email with the Coupon ID by showing it to a PNC representative where available or, when applying via the Referral email, begins the digital application by clicking the “apply now” button where available; and 4) opens a qualifying PNC WorkPlace Banking checking product and meets the stipulations to earn a PNC WorkPlace Banking monetary reward.
  • Your reward of $100 will be credited to your account within 60 to 90 days after the monetary reward is issued to the Referee and will be identified as “CREDITS WORKPLACE REFER” on your statement. You are limited to ten referral payments of $100 — up to $1,000 per 12-month period. This offer may be extended, modified or withdrawn at any time without prior notice and may vary by market. The value of the reward may be reported on Internal Revenue Service (IRS) Form 1099 and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation.
    • The Referee does not receive the offer email because the Referee already has a PNC checking account, is in the PNC email unsubscribe list, has received the maximum number of Refer a Coworker emails from others, has received and redeemed a Refer a Coworker coupon code or if the email address you provided is incorrect or is no longer valid.
    • The Referee does not qualify for the new customer offer because the Referee is not eligible for PNC WorkPlace Banking, opens a PNC WorkPlace Banking checking product that is not included in the new customer offer, fails to meet any stipulations of the offer, has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 24 months.
    • The Referee opens a PNC WorkPlace Banking checking product using a referral coupon ID provided by another coworker’s referral or does not show the referral coupon ID when opening the new PNC WorkPlace Banking checking product.
    • The Referee chooses not to open a PNC WorkPlace Banking checking product.
    • You close your PNC checking product before you receive your reward. The reasons you may not receive this referral reward include, but are not limited to, the following:
  • If you have not received a $100 reward identified as “CREDITS WORKPLACE REWARD” on your PNC statement by 90 days after the new customer offer’s end date, you should consider the referral expired. The new customer offer was included in the Referee email. Due to the confidential nature, PNC cannot disclose any information about qualifying accounts applied for or opened by Referees.

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Bottom Line

Current PNC Bank Promotions offers various bonuses from $200 to $500 depending on what you sign-up for. Therefore, this allows you to earn interest on your account balances. However, these rates are incredibly low, and direct deposit requirements for some of these bonuses are steep.

Feel free to comment below if you have experience banking with PNC Bank.

*We will continue to add to this review for more up to date and current promotions, bonuses, and offers.

This content is not provided by the bank advertiser. Opinions expressed here are the author’s alone, not those of the bank advertiser.

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See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, Axos Bank, Discover Bank, Wells Fargo, and PNC Bank. See our best rates for Savings and CD.
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Filed under: Bank Promotions

Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

About Danny Nguyen

Danny Nguyen has a keen sense in how to save and make money while being as frugal as possible. With this, he is committed to passing on this knowledge and skills to our readers. Outside of work, Danny enjoys helping and giving back to the community, reading, working out, and spending time with what matters most - family!

Источник: https://www.hustlermoneyblog.com/pnc-bank-promotions/

Penn has special relationships with two institutions: PNC Bank and the Student Federal Credit Union at the University of Pennsylvania (SFCU). In addition to the services and products offered by each of these providers, account holders can link their university ID (PennCard) to their checking or savings accounts for the added convenience of using the PennCard as an ATM or debit card*.

*All members of the Penn community have the option to choose any bank they wish — there is no requirement by the University that students, faculty, or staff bank at any particular financial institution.

About PNC Bank

PNC Bank

PNC Bank offers an array of choices to Penn students, faculty, and staff. In exchange for the opportunity to promote its programs to the University Community, PNC provides Penn with financial contributions that Penn uses to sustain important student programs and other University initiatives.

Students can apply online and faulty and staff can visit PNC Workplace Banking for more information. 

Visit a PNC branch to learn more or open an account. 

200 South 40th Street
Philadelphia, PA 19104
215-823-2322

3535 Market Street
Philadelphia, PA 19104
215-823-2300

About SFCU

Student Federal Credit Union logo

The Student Federal Credit Union at the University of Pennsylvania provides competitive full-service banking to all Penn students and alumni. It is the first and only student-run credit union in the Ivy League, and exclusively serves the community of the University of Pennsylvania. It is fully backed by the National Credit Union Administration and all member accounts are insured up to $250,000. Contact member services at 215-222-2604, or visit www.upennsfcu.org.

Banking Relationship Disclosures

In compliance with the U.S. Department of Education's guidelines, Penn makes information on its marketing relationships with financial institutions publicly available.

We Care About Your Experience

Please know all matters related to your account are serviced by the respective financial institution that you have chosen and Penn does not have access to your individual account pnc bank open account online. As such, if you have specific issues with your account, you should contact either PNC or SFCU directly. If, however, you would like to provide feedback about your experience (suggestions, compliments, concerns), you can use the Business Services Feedback Form to submit your comments by  selecting “Banking Relationships” in the Department Field.

Источник: https://penncard.business-services.upenn.edu/banking

13 Best Bank Accounts for Kids Under 18 (Checking & Savings) – Rates for 2021

Opening a bank account for your kids and becoming a joint account holder is a great way to:

  • Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds
  • Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility
  • Demonstrate the importance of saving, even if it’s just a few dollars per month, to the young child in your life
  • Get a head-start on long-term savings goals, such as higher education supplies and tuition
  • Communicate the value of having long-term financial goals in general

Here’s a closer look at the differences between the two major types of kid-friendly bank accounts, plus a roundup of the best checking and savings accounts for kids under age 18.

Bank Accounts for Minor Children: Joint vs. Custodial vs. Prepaid

With the exception of legal emancipation, U.S. law prohibits children under age 18 from having sole ownership of deposit accounts, such as checking and savings what is the routing number for first interstate bank. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.

True pnc bank open account online bank accounts come in two forms with very different characteristics and permissions: joint accounts and custodial accounts. A third minor-friendly account type, the reloadable prepaid debit card, is often used as a first step for parents unsure about opening a kids’ bank account right away.

Joint Bank Accounts

If you’re married or in a committed relationship, you may hold one or more joint financial accounts with your spouse or partner. The same idea applies to accounts held jointly with minor children; both you and your child can make deposits and withdraw funds as you see fit.

Parents can exercise considerable control over accounts held jointly with children. When your kid is too young to work legally, you’re likely to be the sole or principal source of their funds. If you want to set a strict weekly or monthly spending limit for them, simply fund the account at the desired level and frequency.

Generally, joint deposit accounts are ideal for day-to-day expenses and short- to medium-term savings. Most checking accounts place few restrictions, if any, on deposit and withdrawal amounts and frequencies. By law, savings accounts limit withdrawals to six per statement cycle, with excess withdrawals subject to penalty fees.

If your child — and you — can resist the temptation to raid it for short-term needs, a high-yielding joint savings account is suitable for long-term savings goals, such as college tuition, your kid’s first car, or a security deposit on their first apartment.

Custodial Bank Accounts

Under the Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA), parents or legal guardians may establish custodial accounts for the benefit of minor children without involving a trust fund or trustee. UGMA and UTMA permit a wide range of assets, but most banks limit custodial deposit accounts to cash only.

The minor holder of a custodial account is its owner and primary beneficiary. However, until the minor reaches the legal age of majority, the account’s custodian acts as its steward. A parent or legal guardian may serve as the custodian or designate an outsider — typically a financial institution or third-party financial advisor — to fill this role.

In either case, the custodian is a fiduciary, which means they may make disbursements from the account to cover qualifying, reasonable expenses but must manage the account in the minor’s best interests. Full control of the account and its contents must pass to the minor when they reach the age of majority.

Because a minor custodial account beneficiary can’t access their account’s funds without the custodian, custodial accounts are not appropriate for day-to-day use or short- or medium-term savings. They are suitable for long-term savings goals, such as higher education.

Pro tip: Putting your kids on the right track financially doesn’t end with the right bank account. Open a UGMA account through EarlyBird to help invest in their future.


Best Checking Accounts for Kids Under Age 18

Set on a true bank account for your kid? These are the best options on the market right now.

Most of these accounts are free or low-cost and have low minimum balance requirements. Some have decent interest rates as well. But be sure to carefully review all account disclosures before applying.

Unless otherwise noted, these kid-friendly bank accounts are all structured as joint ownership accounts, not custodial, and are FDIC-insured.

1. Chase First BankingSM

Stringent Parental Controls and Account Management Tools

Chase First BankingSM is a debit card designed to teach children and teens the fundamentals of sound money management. It’s available to kids ages 6 to 17.

Much like the training wheels on your youngster’s first bike, Chase First Banking guides minor account holders in the right direction without ever removing the controls that prevent serious mishaps.

Those controls are built into a debit card with customizable parental alerts to clue adult custodians in on how and where their kids are spending. Chase First BankingSM also enables flexible limits on spending to ensure kids don’t overspend in one place.

  • Minimum Deposit and Balance Requirements: You must be an existing Chase customer to open a Chase First BankingSM account. The monthly service fee is $0.
  • Yield: None.
  • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs, plus a robust suite of educational tools for first-time account holders.

Sign Up


2. Copper Banking

A Banking Solution Built for Teens

Copper is a teen-friendly mobile banking solution designed for kids ages 13 to 17 (and their parents too).

The Copper app and debit card teach teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMs. The Copper app allows you to monitor spending and instantly send money in seconds. Features like automatic saving teach teens strong financial habits by automatically setting aside a portion of the money they make for savings.

Copper uses secure encryption and authentication to protect your account and all Copper accounts are insured up to $250,000 through Evolve Bank & Trust.

  • Minimum Deposit and Balance Requirements: The minimum deposit is $10, but there’s no ongoing minimum balance requirement or maintenance fee.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: Copper has a nice referral program that could earn you some extra cash for referring friends — $3 for each successful referral. See terms and conditions for details.
  • Overdraft Fees: Copper does not charge overdraft fees, period.
  • Possible Fees: See terms and conditions for a complete list of potential fees.

Sign Up


3. Axos Bank First Checking

Earn 0.10% APY and Pay No Monthly Maintenance Fees

Axos Bank First Checking is a custodial teen checking account built for kids between the ages of 13 and 17.

With easily customized parental controls and a digital debit card dashboard that lets parents and kids manage virtually every aspect of the banking relationship, it’s a great choice for on-the-go families.

Axos Bank First Checking is great for parents who want to let the reins go slowly, rather than all at once. Axos limits cash withdrawals to $100 per day and point-of-sale transactions to $500 per day, limiting how far kids can stretch their means.

And Axos’ biometric authentication protocols help keep your card and account — and your kids — safe from troublemakers.

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirements.
  • Account Opening Bonus: None, although targeted offers may occur from time to time.
  • Yield: 0.10% APY on all balances as of June 3, 2021.
  • Rewards and Incentives: Enjoy up to $12 in domestic ATM fee reimbursements per month.
  • Possible Fees: There are no monthly maintenance fees, overdraft fees, or nonsufficient funds (NSF) fees. Other fees may apply.

Sign Up


4. Alliant Credit Union Free Teen Checking Account

0.25% APY on All Balances With E-Statements and One Direct Deposit Per Month

The Alliant Credit Union Free Teen Checking Account is designed for parents and kids ages 13 to 17.

With no monthly maintenance fees or balance requirements, it’s an ideal first checking account for teens with part-time or summer jobs. All accounts come with a free Visa® debit card and a free pnc bank open account online box of checks with both account holders’ names.

All balances yield 0.25% APY when you opt in to electronic statements and receive at least one direct deposit per month. When the minor account holder turns 18, the account automatically converts to an adult checking account.

You must be an Alliant Credit Union member to open a Free Teen Checking account on your child’s behalf. If you live in the Chicago area, you can join at a physical branch.

If not, the easiest way to join is to become a supporter of Foster Care to Success, a partner charity that doesn’t restrict membership by geography. You can find more details about Alliant membership here.

  • Minimum Deposit and Balance Requirements: None.
  • Account Opening Bonus: None.
  • Yield: 0.25% APY on all balances when you opt in to e-statements and receive at least one direct deposit each month.
  • Rewards and Incentives: Access to more than 80,000 fee-free ATMs around the United States. The account has an automatic daily debit card limit of $100 in cash withdrawals and $300 in total spending to control overspending by young account owners. Each month, account holders get up to $20 in ATM rebates from out-of-network ATMs.
  • Overdraft Options: You can opt in to an overdraft line of credit. Alliant reserves the right to decline transactions that would normally result in overdrafts, depending on prior account usage.
  • Possible Fees: 1% foreign transaction service fee for ATM withdrawals, $25 per NSF pnc bank open account online Up


    5. Capital One MONEY Teen Checking Account

    0.10% APY on All Balances

    The Capital One MONEY Teen Checking Account is a fee-free, paperless checking account for kids ages 13 to 17.

    With no minimum or ongoing balance requirements and a decent yield on all balances, it’s another solid day-to-day account for kids flexing their financial muscles for the first time.

    All accounts come with a free Mastercard® debit card but no checks or electronic bill pay option. Parents can set text or email alerts for specific account actions and transactions to monitor their teen’s spending from a distance.

    The MONEY Teen Checking account also comes with a nice array of budgeting and balance-tracking features for basic financial education. Account holders under age 18 have a daily limit of $500 in non-PIN transactions, $500 in PIN transactions, and $500 in ATM withdrawals.

    • Minimum Deposit and Balance Requirements: None.
    • Account Opening Bonus: None.
    • Yield: 0.10% APY on all balances.
    • Rewards and Incentives: Access to about 40,000 fee-free ATMs around the United States and free mobile deposits through the Capital One app.
    • Overdraft Options: If you have a savings account with Capital One 360, you can opt in to fee-free automatic savings transfers to cover transactions that would typically result in a negative balance. Otherwise, you can apply for an overdraft line of credit, subject to credit approval and fees.
    • Possible Fees: $25 expedited debit card processing fee, $5 statement copy fee.

    Sign Up


    6. Wells Fargo Clear Access Banking

    Robust Suite of Money Management Tools

    The Wells Fargo Clear Access Banking suite is a teen-friendly product available to kids ages 13 to 17 (kids 16 and under require an adult co-owner).

    With no maintenance fee for younger account holders and low balance requirements, it’s a great general-purpose checking account for kids learning to budget. However, this account has no yield, so it’s not appropriate for stashing away funds for a rainy day.

    Wells Fargo has a slew of educational and practical tools for kids and parents. The “My Spending Report with Budget Watch” feature helps kids build a budget and track spending on their own, while a robust set of parental controls lets you monitor and restrict spending.

    • Minimum Deposit and Balance Requirements: $25 minimum opening deposit; no ongoing balance requirement.
    • Account Opening Bonus: None.
    • Yield: None.
    • Rewards and Incentives: 24/7 fraud monitoring and fee-free person-to-person (P2P) transfers through the Wells Fargo app or online banking site.
    • Overdraft Options: You can opt in to overdraft protection that covers shortfalls on transactions that would normally result in a negative balance. You must link a Wells Fargo savings account, and there’s a $12.50 fee per transfer. If you prefer not to transfer funds out of a linked savings account, you can opt in to standard overdraft protection, which covers shortfalls at a slightly higher fee.
    • Possible Fees: $2.50 per non-Wells-Fargo ATM withdrawal, $15 NSF transaction fee, 3% foreign transaction fee. The monthly service fee is $5 for account holders age 25 and older.

    Sign Up


    7. Chase High School Checking

    Automatically Upgrades to an Adult Chase Checking Account at Age 19; No Joint Owner Needed

    Chase High School Checking is an account designed specifically for kids ages 13 to 17.

    Minor account holders must open the account with an adult as a co-owner and link their accounts to that person’s checking account to allow direct control over the account’s funding.

    When the minor account holder turns 19, the account turns into a checking account for adults, and the adult account holder is removed. There is no yield on any balances but no monthly maintenance fee either.

    • Minimum Deposit and Balance Requirements: $25 to open and maintain.
    • Account Opening Bonus: None, although targeted offers may occur from time to time.
    • Yield: None.
    • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs plus lightning-fast money transfers to family and friends with Chase QuickPay® with Zelle®.
    • Overdraft Options: If you opt in to Chase’s overdraft program, transactions for which you have insufficient funds are allowed to go through. You’re charged $34 per overdraft item, with a limit of three per day.
    • Possible Fees: See terms for a complete list of fees.

    Sign Up


    Prepaid Debit Cards: An Alternative to Bank Accounts for Kids Under Age 18

    If you’d prefer not to open a joint or custodial account for your minor child, consider a prepaid debit card instead.

    Many parents use Visa- American Express- or Mastercard-branded prepaid debit cards for teens as replacements for cash allowances or bank accounts.

    8. Greenlight

    The standout in this category is Greenlight, a kid-friendly debit card that makes it super easy for parents to manage youngsters’ allowance funds and walking-around money.

    Key features include:

    • An in-app chore list that ties financial incentives (reloads) to household jobs
    • Automated weekly or monthly allowance transfers — no manual deposits required
    • Real-time notifications whenever the card is used
    • Customizable spending rules for parents
    • Customizable earning, spending, and saving goals for kids

    It all adds up to set-it-and-forget-it financial empowerment for young people ready and eager for a financial head start.

    Greenlight’s debit card plan (Greenlight) costs $4.99 per month.

    Greenlight + Invest, a more comprehensive plan that includes a kid-friendly investing platform with full parental control, costs $7.98 per month.

    Greenlight Max adds identity theft protection, cellphone coverage, and purchase protection for $9.98 per month.

    Sign Up


    9. GoHenry

    Built around an easy-to-use mobile app, GoHenry is a kid-friendly prepaid debit card designed for kids as young as 6 years old. It’s ideal for managing an allowance, saving up for school supplies and activity fees, building an education nest egg, or all of the above.

    GoHenry’s key capabilities include:

    • Setting and funding household chores, teaching your kids the value of a dollar in the process
    • Creating and contributing to savings goals
    • Setting automated allowances and managing one-time or recurring transfers
    • Setting rules about where and how much minor users can spend
    • Generating real-time spending notifications
    • Enabling instant card blocking and unblocking for lost, stolen, or damaged cards

    GoHenry is free for the first month, then costs $3.99 per child per month. Upgrade to a custom card for $4.99.

    Sign Up


    10. FamZoo

    FamZoo is more than a prepaid debit card. It’s a full-fledged financial education app that teaches age-appropriate money lessons on everything from compound interest to the importance of paying yourself first. Highlights include:

    • Chore and odd job scheduling tied to rewards or penalties
    • Separate accounts for spending, saving, and giving
    • Payment splits that allocate one transfer to multiple accounts
    • Parent-paid interest that reinforces the concept of compound interest
    • Customizable savings goals
    • Informal loan tracking for parental disbursements and receipts
    • Real-time account activity alerts
    • A text-message-based system for receiving and approving kids’ funding requests
    • Card locking and unlocking for lost, stolen, or damaged cards
    • Scheduled and instant funds transfers

    FamZoo costs $5.99 per family per month when paid monthly (automatic renewal required). Pay in advance to earn a deep discount on the sticker price — as low as $2.50 per month per family with a 24-month subscription.

    Sign Up


    Best Savings Accounts for Kids Under Age 18

    All of the following accounts are subject to a strict withdrawal limit of no more than six per statement cycle under U.S. law.

    Unless otherwise noted, all are joint accounts rather than custodial. Legally, the account’s minor owner can deposit, withdraw, and move funds before their 18th birthday.

    11. Alliant Credit Union Kids Savings Account

    0.55% Yield on All Balances Above $100; Open to Kids Under Age 13

    With a $5 minimum opening deposit and a yield of 0.55% APY on all balances, the Alliant Credit Union Kids Savings Account is ideal for long-term savings goals.

    This account is open to kids under age 13, giving them even more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, but account holders can keep the account open as long as they wish.

    All account activity is subject to parental review and approval, ensuring minor account holders can’t raid their balances before they ripen.

    • Minimum Deposit and Balance Requirements: $5 to open and maintain, although Alliant covers the deposit for young account holders.
    • Account Opening Bonus: $5 to cover the initial deposit requirement.
    • Yield: 0.55% APY on all balances above $100.
    • Rewards and Incentives: No monthly fees for members who opt in to e-statements.
    • Overdraft Options: None.
    • Possible Fees: Excess transaction fees charged at Alliant’s discretion.

    Sign Up


    12. Capital One 360 Kids Savings Account

    0.30% Yield on All Balances; No Age Limit to Open

    The Capital One 360 Kids Savings Account is another high-yield online savings account designed for younger kids.

    With no opening deposit or ongoing balance requirements and an automatic savings plan option, it’s an ideal set-it-and-forget-it account for kids working toward future savings goals.

    There’s no age threshold to open an account, and parents have final approval over fund transfers. Seamless mobile check deposit is a nice perk.

    • Minimum Deposit and Balance Requirements: There’s no minimum balance requirement or deposit requirement here.
    • Account Opening Bonus: None, although targeted offers may apply.
    • Yield: 0.30% APY on all balances.
    • Rewards and Incentives: You can set up savings goals or make recurring transfers based on an automated savings plan.
    • Overdraft Options: None.
    • Possible Fees: $5 paper statement fee; excess transaction fees charged at Capital One’s discretion.

    Sign Up


    13. PNC Bank ‘S’ is for Savings® Account

    Robust Educational Suite

    The PNC Bank ‘S’ is for Savings® Account is fee-free for account holders under age 18.

    Minor account owners can keep this account as long as they like after they reach legal age, subject to a $5 monthly maintenance fee that’s pnc bank open account online in any statement cycle during which:

    • The account holder is under age 18
    • The account has a minimum daily balance of $300 or more
    • The account receives at least one $25 transfer per month

    This account is definitely geared toward younger kids. It offers a “learning center” populated by Sesame Street characters and an automated savings program for parents looking to help their kids save.

    • Minimum Deposit and Balance Requirements: $25 minimum to open and maintain.
    • Account Opening Bonus: None.
    • Yield: Varies by balance.
    • Rewards and Incentives: The educational tools are second to none, and the automated savings feature is a nice touch.
    • Overdraft Options: None.
    • Possible Fees: $7.50 card replacement fee.

    Sign Up


    Final Word

    Where you bank is your choice and yours alone. Most banks and credit unions, from big institutions like Bank of America to smaller outfits like Alliant Credit Union, allow parents to open joint or custodial accounts for their minor children.

    If you have a longstanding relationship with a local bank or credit union, you may want to look into whether they offer kid-friendly accounts.

    Before you make a final decision and take steps to become a joint account holder, check out our compilation of the top bank account promotions. If you don’t have an existing banking relationship with one of the best banks for kids, you might as well seek out the highest bidder.

Источник: https://www.moneycrashers.com/best-bank-accounts-kids/

Pnc bank open account online -

Have you been blacklisted by ChexSystems? If so, you’re probably wondering how you can open a checking or savings account.

Having an account in ChexSystems can remain there for 3 to 5 years. And, unfortunately, about 80% of all banks and credit unions in the U.S. use ChexSystems.

However, there are some banks that don’t use ChexSystems. Plus, some “second chance” banks offer options to people who can’t get approved for an account elsewhere.

PNC Bank

The reason you’re probably here is because you want to know, “does PNC Bank use ChexSystems?” Unfortunately, the answer is, yes, they do.

However, as we mentioned, you still have options. There are numerous banks and credit unions that don’t use ChexSystems. Below is a list of what we believe are the top 3 options. You will also find a list of other resources, including more options and a guide on how you can get out of ChexSystems.

Best Banks That Don’t Use ChexSystems

Chime

Overview

With Chime, a bad credit score is no longer a deal-breaker. They offer an award-winning mobile bank account and debit card with no credit check.

There are no hidden bank fees. And by that, we mean, no overdraft fees, no monthly maintenance charges, no foreign transaction fees, and no minimum balance fees – ever.

They offer over 60,000 surcharge fee-free ATMs. Plus, you can get your paycheck up to 2 days earlier with direct deposit. Chime is definitely one of the best second chance banking options on this list.

Acorns Spend Checking Account

Overview

The Acorns Spend Checking Account is the best of both worlds. It’s a flexible online checking account, and it also provides Acorns’ core investing functionality.

When you sign up for the account, you’ll receive an Acorns Visa debit card. And every time you swipe your card, Acorns rounds your transaction up to the nearest dollar. These funds are then invested in one of the preselected ETF funds you chose.

Plus, Acorns Spend comes with several other helpful features. There are no ATM fees, and Acorns will reimburse you monthly for any third-party fees you accrue. And there are no overdraft fees or minimum balance requirements.

There is a $3 monthly fee for the Acorns Spend Checking Account, but the unlimited ATM reimbursements will more than compensate for this. Here is an overview of the account’s features:

  • Unlimited ATM reimbursement
  • No overdraft fees
  • No minimum balance required
  • FDIC-insured up to $250,000
  • Comes with mobile banking
  • Automated bill pay
  • Mobile check deposit
  • Direct deposit

Looking for more options? Check out the full list here.

See also:5 Credit Unions That Don’t Use ChexSystems

How to Get Out of ChexSystems in 4 Simple Steps

Источник: https://www.crediful.com/chexsystems/pnc-bank/

Penn has special relationships with two institutions: PNC Bank and the Student Federal Credit Union at the University of Pennsylvania (SFCU). In addition to the services and products offered by each of these providers, account holders can link their university ID (PennCard) to their checking or savings accounts for the added convenience of using the PennCard as an ATM or debit card*.

*All members of the Penn community have the option to choose any bank they wish — there is no requirement by the University that students, faculty, or staff bank at any particular financial institution.

About PNC Bank

PNC Bank

PNC Bank offers an array of choices to Penn students, faculty, and staff. In exchange for the opportunity to promote its programs to the University Community, PNC provides Penn with financial contributions that Penn uses to sustain important student programs and other University initiatives.

Students can apply online and faulty and staff can visit PNC Workplace Banking for more information. 

Visit a PNC branch to learn more or open an account. 

200 South 40th Street
Philadelphia, PA 19104
215-823-2322

3535 Market Street
Philadelphia, PA 19104
215-823-2300

About SFCU

Student Federal Credit Union logo

The Student Federal Credit Union at the University of Pennsylvania provides competitive full-service banking to all Penn students and alumni. It is the first and only student-run credit union in the Ivy League, and exclusively serves the community of the University of Pennsylvania. It is fully backed by the National Credit Union Administration and all member accounts are insured up to $250,000. Contact member services at 215-222-2604, or visit www.upennsfcu.org.

Banking Relationship Disclosures

In compliance with the U.S. Department of Education's guidelines, Penn makes information on its marketing relationships with financial institutions publicly available.

We Care About Your Experience

Please know all matters related to your account are serviced by the respective financial institution that you have chosen and Penn does not have access to your individual account information. As such, if you have specific issues with your account, you should contact either PNC or SFCU directly. If, however, you would like to provide feedback about your experience (suggestions, compliments, concerns), you can use the Business Services Feedback Form to submit your comments by  selecting “Banking Relationships” in the Department Field.

Источник: https://penncard.business-services.upenn.edu/banking

Pnc bank vermont



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How to Open a Bank Account Online

In a busy world, the ability to do things online is priceless. Fortunately, you can complete most banking tasks online—even opening your account, in many cases. That means you don’t need to make trips to a branch or print and sign paper forms. It's all handled digitally, and once your account is open, you can transfer funds and pay bills online.

What You Need to Open an Account

To open a bank account online, be prepared to provide personal information so the bank can verify your identity. You may also need to arrange for electronic deposits to your new online bank account. Gather the following items before you start the process:

Personal information: You need to tell the bank who you are and provide personal details about yourself. So be prepared to give:

  • Your Social Security number
  • Your date of birth
  • Any government-issued ID numbers (driver’s license, passport, U.S. military ID, etc.) with the issue and expiration dates

Contact information: Banks need your home address, phone number, and email address. Even though you’re operating in the virtual world, federal law requires you to provide a physical address—where you actually live—but you can also give a post office box or the equivalent as a mailing address.

Funding information: Banks often require an initial deposit to get your account opened; typically, it's from $25 to $100. To do that, you might be able to use your credit or debit card. Alternatively, you can provide routing and account numbers to create a link to another bank account.

Signatures and E-Signatures

With some banks, you’re done opening your account once you provide that information. You can sign any legal agreements with an e-signature and can start using the account almost immediately. Even many small credit unions and regional banks accept e-signatures. If you have an idea of where you’d like to bank, simply visit that institution’s website and look for an option to “Open an Account Now.”

Other banks let you begin your application online but eventually require an actual signature. In such situations, you typically get a "Welcome Kit" in the mail containing any required documents, including a formal signature card. Although the writing of paper checks is on the decline, these banks still like your file to contain an official signature to verify a check or debit card purchase in the event of a dispute.

If the bank needs your signature on paper, you may need to wait longer before using your account while the bank processes your paperwork.

If you need to use your new account quickly, call the bank and ask what the process is. You might be better off opening an account in person or going with a bank that lets you open an account entirely online.

Challenges Opening an Account Online

In some cases, you need to visit a branch or provide additional documentation to open an account. Some common reasons include:

“Thin” credit: Banks verify your identity as you open your account. One of the ways they do this is by checking your credit. (Yes, they check your credit even if you’re not borrowing money.) If you don’t have much of a credit history—because you’re young and haven’t borrowed enough to build credit, for example—they won’t find anything. As a result, they may require you visit a brick-and-mortar branch with a government-issued ID to open your account.

Under 18: People under the age of 18 cannot open bank accounts on their own. If you’re a minor and want a checking or savings account, there are bank accounts for people under 18, but you will need an adult co-signer on the account and might need to visit a branch in person.

If you’re having any difficulty, your best bet for getting an account opened online is to use an online-only bank, because they’ve been doing this for years.

Checking account history: If you have overdrawn checking accounts or have been suspected of fraud in the past—or shared an account with someone who has—you might not be able to open a new checking account online. Be sure to review your ChexSystems report for errors if you’re having a hard time getting an account. Again, you might have better luck at a branch.

Citizenship: It’s easiest to open accounts online if you’re a U.S. citizen. That doesn’t mean it’s impossible if you’re not a citizen, but a visit to the branch might be necessary. Some banks and credit card issuers might require a different process when you open accounts with an ITIN.

Entity accounts: Most banks with online account opening allow people to open an account. If you need an account for a business, trust, or other organization, some banks require you to head to the branch or submit account forms by mail. The ability to open these accounts online is increasingly available, but it’s still not a given.

To open a business account, you will need your employer identification number (EIN); your business formation documents, such as your articles of organization and operating agreement; and federal, state, and local business licenses and permits, if applicable.

Источник: https://www.thebalance.com/can-you-open-a-bank-account-online-315160

13 Best Bank Accounts for Kids Under 18 (Checking & Savings) – Rates for 2021

Opening a bank account for your kids and becoming a joint account holder is a great way to:

  • Reinforce basic banking concepts that we take for granted, such as adding and withdrawing funds
  • Teach basic budgeting skills and demonstrate the importance of spending less than you earn, a cornerstone of financial responsibility
  • Demonstrate the importance of saving, even if it’s just a few dollars per month, to the young child in your life
  • Get a head-start on long-term savings goals, such as higher education supplies and tuition
  • Communicate the value of having long-term financial goals in general

Here’s a closer look at the differences between the two major types of kid-friendly bank accounts, plus a roundup of the best checking and savings accounts for kids under age 18.

Bank Accounts for Minor Children: Joint vs. Custodial vs. Prepaid

With the exception of legal emancipation, U.S. law prohibits children under age 18 from having sole ownership of deposit accounts, such as checking and savings accounts. However, most U.S. banks and credit unions allow children to hold deposit accounts together with a parent.

True minor-friendly bank accounts come in two forms with very different characteristics and permissions: joint accounts and custodial accounts. A third minor-friendly account type, the reloadable prepaid debit card, is often used as a first step for parents unsure about opening a kids’ bank account right away.

Joint Bank Accounts

If you’re married or in a committed relationship, you may hold one or more joint financial accounts with your spouse or partner. The same idea applies to accounts held jointly with minor children; both you and your child can make deposits and withdraw funds as you see fit.

Parents can exercise considerable control over accounts held jointly with children. When your kid is too young to work legally, you’re likely to be the sole or principal source of their funds. If you want to set a strict weekly or monthly spending limit for them, simply fund the account at the desired level and frequency.

Generally, joint deposit accounts are ideal for day-to-day expenses and short- to medium-term savings. Most checking accounts place few restrictions, if any, on deposit and withdrawal amounts and frequencies. By law, savings accounts limit withdrawals to six per statement cycle, with excess withdrawals subject to penalty fees.

If your child — and you — can resist the temptation to raid it for short-term needs, a high-yielding joint savings account is suitable for long-term savings goals, such as college tuition, your kid’s first car, or a security deposit on their first apartment.

Custodial Bank Accounts

Under the Uniform Gifts to Minors Act (UGMA) and Uniform Transfers to Minors Act (UTMA), parents or legal guardians may establish custodial accounts for the benefit of minor children without involving a trust fund or trustee. UGMA and UTMA permit a wide range of assets, but most banks limit custodial deposit accounts to cash only.

The minor holder of a custodial account is its owner and primary beneficiary. However, until the minor reaches the legal age of majority, the account’s custodian acts as its steward. A parent or legal guardian may serve as the custodian or designate an outsider — typically a financial institution or third-party financial advisor — to fill this role.

In either case, the custodian is a fiduciary, which means they may make disbursements from the account to cover qualifying, reasonable expenses but must manage the account in the minor’s best interests. Full control of the account and its contents must pass to the minor when they reach the age of majority.

Because a minor custodial account beneficiary can’t access their account’s funds without the custodian, custodial accounts are not appropriate for day-to-day use or short- or medium-term savings. They are suitable for long-term savings goals, such as higher education.

Pro tip: Putting your kids on the right track financially doesn’t end with the right bank account. Open a UGMA account through EarlyBird to help invest in their future.


Best Checking Accounts for Kids Under Age 18

Set on a true bank account for your kid? These are the best options on the market right now.

Most of these accounts are free or low-cost and have low minimum balance requirements. Some have decent interest rates as well. But be sure to carefully review all account disclosures before applying.

Unless otherwise noted, these kid-friendly bank accounts are all structured as joint ownership accounts, not custodial, and are FDIC-insured.

1. Chase First BankingSM

Stringent Parental Controls and Account Management Tools

Chase First BankingSM is a debit card designed to teach children and teens the fundamentals of sound money management. It’s available to kids ages 6 to 17.

Much like the training wheels on your youngster’s first bike, Chase First Banking guides minor account holders in the right direction without ever removing the controls that prevent serious mishaps.

Those controls are built into a debit card with customizable parental alerts to clue adult custodians in on how and where their kids are spending. Chase First BankingSM also enables flexible limits on spending to ensure kids don’t overspend in one place.

  • Minimum Deposit and Balance Requirements: You must be an existing Chase customer to open a Chase First BankingSM account. The monthly service fee is $0.
  • Yield: None.
  • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs, plus a robust suite of educational tools for first-time account holders.

Sign Up


2. Copper Banking

A Banking Solution Built for Teens

Copper is a teen-friendly mobile banking solution designed for kids ages 13 to 17 (and their parents too).

The Copper app and debit card teach teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMs. The Copper app allows you to monitor spending and instantly send money in seconds. Features like automatic saving teach teens strong financial habits by automatically setting aside a portion of the money they make for savings.

Copper uses secure encryption and authentication to protect your account and all Copper accounts are insured up to $250,000 through Evolve Bank & Trust.

  • Minimum Deposit and Balance Requirements: The minimum deposit is $10, but there’s no ongoing minimum balance requirement or maintenance fee.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: Copper has a nice referral program that could earn you some extra cash for referring friends — $3 for each successful referral. See terms and conditions for details.
  • Overdraft Fees: Copper does not charge overdraft fees, period.
  • Possible Fees: See terms and conditions for a complete list of potential fees.

Sign Up


3. Axos Bank First Checking

Earn 0.10% APY and Pay No Monthly Maintenance Fees

Axos Bank First Checking is a custodial teen checking account built for kids between the ages of 13 and 17.

With easily customized parental controls and a digital debit card dashboard that lets parents and kids manage virtually every aspect of the banking relationship, it’s a great choice for on-the-go families.

Axos Bank First Checking is great for parents who want to let the reins go slowly, rather than all at once. Axos limits cash withdrawals to $100 per day and point-of-sale transactions to $500 per day, limiting how far kids can stretch their means.

And Axos’ biometric authentication protocols help keep your card and account — and your kids — safe from troublemakers.

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirements.
  • Account Opening Bonus: None, although targeted offers may occur from time to time.
  • Yield: 0.10% APY on all balances as of June 3, 2021.
  • Rewards and Incentives: Enjoy up to $12 in domestic ATM fee reimbursements per month.
  • Possible Fees: There are no monthly maintenance fees, overdraft fees, or nonsufficient funds (NSF) fees. Other fees may apply.

Sign Up


4. Alliant Credit Union Free Teen Checking Account

0.25% APY on All Balances With E-Statements and One Direct Deposit Per Month

The Alliant Credit Union Free Teen Checking Account is designed for parents and kids ages 13 to 17.

With no monthly maintenance fees or balance requirements, it’s an ideal first checking account for teens with part-time or summer jobs. All accounts come with a free Visa® debit card and a free first box of checks with both account holders’ names.

All balances yield 0.25% APY when you opt in to electronic statements and receive at least one direct deposit per month. When the minor account holder turns 18, the account automatically converts to an adult checking account.

You must be an Alliant Credit Union member to open a Free Teen Checking account on your child’s behalf. If you live in the Chicago area, you can join at a physical branch.

If not, the easiest way to join is to become a supporter of Foster Care to Success, a partner charity that doesn’t restrict membership by geography. You can find more details about Alliant membership here.

  • Minimum Deposit and Balance Requirements: None.
  • Account Opening Bonus: None.
  • Yield: 0.25% APY on all balances when you opt in to e-statements and receive at least one direct deposit each month.
  • Rewards and Incentives: Access to more than 80,000 fee-free ATMs around the United States. The account has an automatic daily debit card limit of $100 in cash withdrawals and $300 in total spending to control overspending by young account owners. Each month, account holders get up to $20 in ATM rebates from out-of-network ATMs.
  • Overdraft Options: You can opt in to an overdraft line of credit. Alliant reserves the right to decline transactions that would normally result in overdrafts, depending on prior account usage.
  • Possible Fees: 1% foreign transaction service fee for ATM withdrawals, $25 per NSF transaction.

Sign Up


5. Capital One MONEY Teen Checking Account

0.10% APY on All Balances

The Capital One MONEY Teen Checking Account is a fee-free, paperless checking account for kids ages 13 to 17.

With no minimum or ongoing balance requirements and a decent yield on all balances, it’s another solid day-to-day account for kids flexing their financial muscles for the first time.

All accounts come with a free Mastercard® debit card but no checks or electronic bill pay option. Parents can set text or email alerts for specific account actions and transactions to monitor their teen’s spending from a distance.

The MONEY Teen Checking account also comes with a nice array of budgeting and balance-tracking features for basic financial education. Account holders under age 18 have a daily limit of $500 in non-PIN transactions, $500 in PIN transactions, and $500 in ATM withdrawals.

  • Minimum Deposit and Balance Requirements: None.
  • Account Opening Bonus: None.
  • Yield: 0.10% APY on all balances.
  • Rewards and Incentives: Access to about 40,000 fee-free ATMs around the United States and free mobile deposits through the Capital One app.
  • Overdraft Options: If you have a savings account with Capital One 360, you can opt in to fee-free automatic savings transfers to cover transactions that would typically result in a negative balance. Otherwise, you can apply for an overdraft line of credit, subject to credit approval and fees.
  • Possible Fees: $25 expedited debit card processing fee, $5 statement copy fee.

Sign Up


6. Wells Fargo Clear Access Banking

Robust Suite of Money Management Tools

The Wells Fargo Clear Access Banking suite is a teen-friendly product available to kids ages 13 to 17 (kids 16 and under require an adult co-owner).

With no maintenance fee for younger account holders and low balance requirements, it’s a great general-purpose checking account for kids learning to budget. However, this account has no yield, so it’s not appropriate for stashing away funds for a rainy day.

Wells Fargo has a slew of educational and practical tools for kids and parents. The “My Spending Report with Budget Watch” feature helps kids build a budget and track spending on their own, while a robust set of parental controls lets you monitor and restrict spending.

  • Minimum Deposit and Balance Requirements: $25 minimum opening deposit; no ongoing balance requirement.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: 24/7 fraud monitoring and fee-free person-to-person (P2P) transfers through the Wells Fargo app or online banking site.
  • Overdraft Options: You can opt in to overdraft protection that covers shortfalls on transactions that would normally result in a negative balance. You must link a Wells Fargo savings account, and there’s a $12.50 fee per transfer. If you prefer not to transfer funds out of a linked savings account, you can opt in to standard overdraft protection, which covers shortfalls at a slightly higher fee.
  • Possible Fees: $2.50 per non-Wells-Fargo ATM withdrawal, $15 NSF transaction fee, 3% foreign transaction fee. The monthly service fee is $5 for account holders age 25 and older.

Sign Up


7. Chase High School Checking

Automatically Upgrades to an Adult Chase Checking Account at Age 19; No Joint Owner Needed

Chase High School Checking is an account designed specifically for kids ages 13 to 17.

Minor account holders must open the account with an adult as a co-owner and link their accounts to that person’s checking account to allow direct control over the account’s funding.

When the minor account holder turns 19, the account turns into a checking account for adults, and the adult account holder is removed. There is no yield on any balances but no monthly maintenance fee either.

  • Minimum Deposit and Balance Requirements: $25 to open and maintain.
  • Account Opening Bonus: None, although targeted offers may occur from time to time.
  • Yield: None.
  • Rewards and Incentives: Fee-free access to more than 16,000 Chase and affiliated ATMs plus lightning-fast money transfers to family and friends with Chase QuickPay® with Zelle®.
  • Overdraft Options: If you opt in to Chase’s overdraft program, transactions for which you have insufficient funds are allowed to go through. You’re charged $34 per overdraft item, with a limit of three per day.
  • Possible Fees: See terms for a complete list of fees.

Sign Up


Prepaid Debit Cards: An Alternative to Bank Accounts for Kids Under Age 18

If you’d prefer not to open a joint or custodial account for your minor child, consider a prepaid debit card instead.

Many parents use Visa-, American Express-, or Mastercard-branded prepaid debit cards for teens as replacements for cash allowances or bank accounts.

8. Greenlight

The standout in this category is Greenlight, a kid-friendly debit card that makes it super easy for parents to manage youngsters’ allowance funds and walking-around money.

Key features include:

  • An in-app chore list that ties financial incentives (reloads) to household jobs
  • Automated weekly or monthly allowance transfers — no manual deposits required
  • Real-time notifications whenever the card is used
  • Customizable spending rules for parents
  • Customizable earning, spending, and saving goals for kids

It all adds up to set-it-and-forget-it financial empowerment for young people ready and eager for a financial head start.

Greenlight’s debit card plan (Greenlight) costs $4.99 per month.

Greenlight + Invest, a more comprehensive plan that includes a kid-friendly investing platform with full parental control, costs $7.98 per month.

Greenlight Max adds identity theft protection, cellphone coverage, and purchase protection for $9.98 per month.

Sign Up


9. GoHenry

Built around an easy-to-use mobile app, GoHenry is a kid-friendly prepaid debit card designed for kids as young as 6 years old. It’s ideal for managing an allowance, saving up for school supplies and activity fees, building an education nest egg, or all of the above.

GoHenry’s key capabilities include:

  • Setting and funding household chores, teaching your kids the value of a dollar in the process
  • Creating and contributing to savings goals
  • Setting automated allowances and managing one-time or recurring transfers
  • Setting rules about where and how much minor users can spend
  • Generating real-time spending notifications
  • Enabling instant card blocking and unblocking for lost, stolen, or damaged cards

GoHenry is free for the first month, then costs $3.99 per child per month. Upgrade to a custom card for $4.99.

Sign Up


10. FamZoo

FamZoo is more than a prepaid debit card. It’s a full-fledged financial education app that teaches age-appropriate money lessons on everything from compound interest to the importance of paying yourself first. Highlights include:

  • Chore and odd job scheduling tied to rewards or penalties
  • Separate accounts for spending, saving, and giving
  • Payment splits that allocate one transfer to multiple accounts
  • Parent-paid interest that reinforces the concept of compound interest
  • Customizable savings goals
  • Informal loan tracking for parental disbursements and receipts
  • Real-time account activity alerts
  • A text-message-based system for receiving and approving kids’ funding requests
  • Card locking and unlocking for lost, stolen, or damaged cards
  • Scheduled and instant funds transfers

FamZoo costs $5.99 per family per month when paid monthly (automatic renewal required). Pay in advance to earn a deep discount on the sticker price — as low as $2.50 per month per family with a 24-month subscription.

Sign Up


Best Savings Accounts for Kids Under Age 18

All of the following accounts are subject to a strict withdrawal limit of no more than six per statement cycle under U.S. law.

Unless otherwise noted, all are joint accounts rather than custodial. Legally, the account’s minor owner can deposit, withdraw, and move funds before their 18th birthday.

11. Alliant Credit Union Kids Savings Account

0.55% Yield on All Balances Above $100; Open to Kids Under Age 13

With a $5 minimum opening deposit and a yield of 0.55% APY on all balances, the Alliant Credit Union Kids Savings Account is ideal for long-term savings goals.

This account is open to kids under age 13, giving them even more time to accrue compound interest. Kids 13 or older aren’t eligible to apply, but account holders can keep the account open as long as they wish.

All account activity is subject to parental review and approval, ensuring minor account holders can’t raid their balances before they ripen.

  • Minimum Deposit and Balance Requirements: $5 to open and maintain, although Alliant covers the deposit for young account holders.
  • Account Opening Bonus: $5 to cover the initial deposit requirement.
  • Yield: 0.55% APY on all balances above $100.
  • Rewards and Incentives: No monthly fees for members who opt in to e-statements.
  • Overdraft Options: None.
  • Possible Fees: Excess transaction fees charged at Alliant’s discretion.

Sign Up


12. Capital One 360 Kids Savings Account

0.30% Yield on All Balances; No Age Limit to Open

The Capital One 360 Kids Savings Account is another high-yield online savings account designed for younger kids.

With no opening deposit or ongoing balance requirements and an automatic savings plan option, it’s an ideal set-it-and-forget-it account for kids working toward future savings goals.

There’s no age threshold to open an account, and parents have final approval over fund transfers. Seamless mobile check deposit is a nice perk.

  • Minimum Deposit and Balance Requirements: There’s no minimum balance requirement or deposit requirement here.
  • Account Opening Bonus: None, although targeted offers may apply.
  • Yield: 0.30% APY on all balances.
  • Rewards and Incentives: You can set up savings goals or make recurring transfers based on an automated savings plan.
  • Overdraft Options: None.
  • Possible Fees: $5 paper statement fee; excess transaction fees charged at Capital One’s discretion.

Sign Up


13. PNC Bank ‘S’ is for Savings® Account

Robust Educational Suite

The PNC Bank ‘S’ is for Savings® Account is fee-free for account holders under age 18.

Minor account owners can keep this account as long as they like after they reach legal age, subject to a $5 monthly maintenance fee that’s waived in any statement cycle during which:

  • The account holder is under age 18
  • The account has a minimum daily balance of $300 or more
  • The account receives at least one $25 transfer per month

This account is definitely geared toward younger kids. It offers a “learning center” populated by Sesame Street characters and an automated savings program for parents looking to help their kids save.

  • Minimum Deposit and Balance Requirements: $25 minimum to open and maintain.
  • Account Opening Bonus: None.
  • Yield: Varies by balance.
  • Rewards and Incentives: The educational tools are second to none, and the automated savings feature is a nice touch.
  • Overdraft Options: None.
  • Possible Fees: $7.50 card replacement fee.

Sign Up


Final Word

Where you bank is your choice and yours alone. Most banks and credit unions, from big institutions like Bank of America to smaller outfits like Alliant Credit Union, allow parents to open joint or custodial accounts for their minor children.

If you have a longstanding relationship with a local bank or credit union, you may want to look into whether they offer kid-friendly accounts.

Before you make a final decision and take steps to become a joint account holder, check out our compilation of the top bank account promotions. If you don’t have an existing banking relationship with one of the best banks for kids, you might as well seek out the highest bidder.

Источник: https://www.moneycrashers.com/best-bank-accounts-kids/
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