If you’re looking for an account that can actually help you save money, check out the PNC Virtual Wallet. There are multiple unique features and tools that set the Virtual Wallet apart from other online checking accounts. It’s easy to spend, but the Spending Zone is designed to help you see just where your money is going. Designate just how much you can spend in each separate category and the Spending Zone will send an email alert when you get close to exceeding your budget for the month. The Spending Zone is a budgeting tool that classifies your purchases into distinct categories, such as restaurants, education, gas, etc. You can use the slider on the money bar to easily adjust the free funds or the reserve funds as needed. Scheduled is any bills or payments due to come out of your account, free is the money available to spend and reserve is the money you’ve set aside to save. The Money Bar divides your money into three separate sections. If you prefer, you can switch to the standard list view to see all your transactions organized by date. It includes the total amount going in and coming out on each day in a colorful easy-to-view calendar. The Calendar shows you exactly how much you spend each day. If you close the account within 180 days of opening, a $25.00 fee is assessed. The fee is also waived if you use only PNC ATMs and avoid out-of-network ATMs and teller-assisted withdrawals or deposits. However, the fee is waived if you have a combined monthly average of $500.00 among your Virtual Wallet accounts or receive $500.00 or more in direct deposits each month. There is a monthly account maintenance fee of $7.00 per month. The minimum balance needed to open a Virtual Wallet is $25.00. Interest rates are subject to change daily, but you can check out the most current rates here. An additional savings account or funding source can be added as an overdraft protection source.Īlthough the checking account doesn’t earn interest, money in your reserve and growth accounts earn a competitive interest rate to help you achieve your financial goals. Without overdraft protection, you’ll be charged $36.00 for each covered charge, up to 4 charges per day. If there isn’t any money in the reserve, the growth is the secondary overdraft protection source. If you overspend from your spend account, PNC automatically uses funds from your reserve as a backup source of funding. If you’re interested in a PNC credit card, you can also link that account to your Virtual Wallet accounts. You can even schedule automatic transfers each month from your spend account to your reserve or growth account. The Virtual Wallet makes it easy for you to transfer money between the accounts. When you login to your mobile or online banking, you’ll see each account listed separately and then your combined account balance. a long-term savings referred to as the reserve account.Įach of these three accounts has a completely separate account number, but they are all linked under your Virtual Wallet.a short-term savings account called the reserve.a checking account known as the spend account.If approved for the Virtual Wallet, you’ll actually open: You can apply online to open a Virtual Wallet. In addition to separate yet linked accounts, there’s also a multitude of features and tools that can help you achieve your financial goals. Instead of just opening a single checking account, the Virtual Wallet is actually three separate accounts that are connected. The Virtual Wallet is a unique financial approach that makes saving simple and convenient. If you aren’t in one of the 19 states where PNC operates, you can still enjoy their fully online banking. Overdrawing an account, maintaining a negative available balance for any period of time, and returning transactions as unpaid may have other consequences, including account closure or negative impacts to your ability to obtain financial services including loans, deposit accounts, and other services at PNC and other institutions.PNC Bank features over 2,600 branch locations throughout the country. Before choosing to return an item, you should consider rules the payee may have or actions the payee may take on late/returned payments. PNC is not responsible for satisfying any obligations between you and the payee or any other party with respect to an item you decide to return. You may still have an obligation to pay the payee for goods, services or other products. When you choose to return an item that has been presented to PNC for payment, we will return the item to the payee’s bank for insufficient funds, and the payee will not receive payment from PNC. Debit card transactions do not qualify for Payment Control. Virtual Wallet combines innovative digital tools with your checking account. Payment Control applies to certain individual checks, and payments made using your routing and checking account numbers (ACH transactions). Open a PNC checking account online in minutes and get access to our leading.
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