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Current offer is $300 for performance select or $200 for performance spend.

To be eligible for the offer, you can't have an open account, you can't have a closed account within the last 90 days, and you can't have received a bonus in the last 12 months. Offer only available to residents of AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and District of Columbia.

You can fund the account with a CC up to $2,000 for free. Its reported on DDF that you can't use Amex. Don't use citi as you will be charged a cash advance fee and you won't earn any points. This is a great way to get 2,000 points for free.

To get the $300 you must have $5000 of direct deposit within the first 60 days and complete at least 1 bill pay.

To get the $200 you must have $2000 of direct deposit within the first 60 days and complete at least 1 bill pay.

The Performance Spend account has a $15 monthly fee waived with a Total qualifying direct deposit of $2,000 or greater per statement period OR
$2,000 average monthly balance in checking.

The Performance Select account has a $25 monthly fee waived with Combined, qualifying direct deposits of $5,000 or greater per statement period OR
$5,000 average monthly balance in checking including linked checking accounts.

Bonus $ can take 60 days to post (but usually doesn't). Early closing fee of $25 applies if you close your account within 180 days. You can withdraw all the money except $25 and SM to close and debit the fee.

Electronic transfers counted as Direct deposits include Paypal, Amazon payments, Bluebird, and Loyal3.
« Last edited by Redbull3 on January 07, 2016, 05:08:01 PM »

Author Topic: Up to $400 for opening PNC virtual checking account  (Read 67947 times)

Offline Emkay

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Offline ari2955

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Re: Up to $400 for opening PNC virtual checking account
« Reply #1 on: April 06, 2014, 01:06:35 PM »
They let you fund the initial deposit of up to $2k with a CC.
Anybody know it'll get charged as CA?

Offline mbch

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Re: Up to $400 for opening PNC virtual checking account
« Reply #2 on: April 06, 2014, 01:17:43 PM »
Offer only avail. To residents of DE,IN,IL,MD,NJ,PA,VA,WI, and District of columbia

Offline na87ch

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Re: Up to $400 for opening PNC virtual checking account
« Reply #3 on: April 06, 2014, 05:44:11 PM »
I didnt get charged CA fee, It appeared on the cc as "financial retainer"

Offline Bostener

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Re: Up to $400 for opening PNC virtual checking account
« Reply #4 on: April 06, 2014, 06:20:06 PM »
Sounds like a good deal even if you can't use credit cards.
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Offline Ephcc90

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Re: Up to $400 for opening PNC virtual checking account
« Reply #5 on: April 06, 2014, 06:22:41 PM »
Pull?

Offline na87ch

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Re: Up to $400 for opening PNC virtual checking account
« Reply #6 on: April 06, 2014, 10:21:09 PM »
no pull as of last year

Offline Ephcc90

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Re: Up to $400 for opening PNC virtual checking account
« Reply #7 on: April 06, 2014, 10:23:17 PM »

Offline deal boy

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Re: Up to $400 for opening PNC virtual checking account
« Reply #8 on: April 06, 2014, 10:37:27 PM »
so you said that you you can do the initial deposit with a credit card , does that count as setting up a direct deposit that you get 300 dollars for?

Offline na87ch

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Re: Up to $400 for opening PNC virtual checking account
« Reply #9 on: April 07, 2014, 09:32:35 AM »
No,  you need an actual direct deposit

Offline kermit

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Re: Up to $400 for opening PNC virtual checking account
« Reply #10 on: April 07, 2014, 11:54:08 AM »
This seems like a good way to meet some of a minimum spend (with the $2,000 initial funding with credit card) and a good account to have for money orders since you can deposit MOs using a smartphone (see: http://www.flyertalk.com/forum/manufactured-spending/1545203-banks-allow-money-order-deposits-via-smartphone.html).  Or am I missing something?

Offline na87ch

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Re: Up to $400 for opening PNC virtual checking account
« Reply #11 on: April 07, 2014, 02:20:22 PM »

This seems like a good way to meet some of a minimum spend (with the $2,000 initial funding with credit card) and a good account to have for money orders since you can deposit MOs using a smartphone (see: http://www.flyertalk.com/forum/manufactured-spending/1545203-banks-allow-money-order-deposits-via-smartphone.html).  Or am I missing something?
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Offline compddd

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Re: Up to $400 for opening PNC virtual checking account
« Reply #12 on: April 07, 2014, 02:29:47 PM »
No CA love, so lame.

Offline knowitall

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Re: Up to $400 for opening PNC virtual checking account
« Reply #13 on: April 07, 2014, 03:15:12 PM »
Does anyone know what counts as a direct deposit? for example chase counted my Amazon Payments deposits and my Bluebird deposits as Direct deposits but not my paypal deposits.

Offline yids

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Re: Up to $400 for opening PNC virtual checking account
« Reply #14 on: April 07, 2014, 05:46:36 PM »
FYI doesnt work for AMEX to fund the acct
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Offline Toasted

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Re: Up to $400 for opening PNC virtual checking account
« Reply #15 on: April 08, 2014, 12:11:15 PM »
As per FT, Citi counts this as CA. Should work with Chase though.

Offline CS1

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Re: Up to $400 for opening PNC virtual checking account
« Reply #16 on: April 08, 2014, 12:12:00 PM »
No CA love, so lame.
At least you have Wells Fargo. More perks with WF. I'm going to try it out today and see how they explain the terms of Direct Deposit.
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Offline compddd

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Re: Up to $400 for opening PNC virtual checking account
« Reply #17 on: April 08, 2014, 01:44:22 PM »
At least you have Wells Fargo. More perks with WF. I'm going to try it out today and see how they explain the terms of Direct Deposit.

I've never seen WF offer promotions like this. What kind of perks does WF offer to outweigh a free $300 ?

Offline CS1

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Re: Up to $400 for opening PNC virtual checking account
« Reply #18 on: April 08, 2014, 08:00:55 PM »
I've never seen WF offer promotions like this. What kind of perks does WF offer to outweigh a free $300 ?
WF offers very good mobile banking options and I think that they have good cc perks, too. No WFs here. Only for mortgage.
I got back from PNC and they offered a $200 rebate for business.
(the $400 was aimed at consumers they said -- However, the manager was not familiar with this particular rebate link and asked where I got the link.  8) )

Their cc merchant is First Data and they offered a $12/mo fee plus per swipe percentage (1.69% - 3% varying) plus 19 cents per transaction...
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Re: Up to $400 for opening PNC virtual checking account
« Reply #19 on: April 29, 2014, 10:04:41 AM »
From T&C " New account will not be eligible for offer if any signer 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 12 months"

Bonus seems to be churnable every year. For MS purposes though, I wonder how often they allow you to open and close.