The PNC Virtual Wallet is a product/service run by PNC Financial Services Group, Inc. They are an American financial services corporation. The PNC total assets at the end of last year reached approximately $358 billion and deposits of approximately $249 billion. The PNC Financial Services operations include: regional banking franchise primarily operating on the east coast. In total, PNC has over 2,600 branches, 9,000 ATMs and provide both online and mobile services. PNC is the fifth largest bank in terms of number of branches and the sixth largest by deposits. PNC financial is based and headquartered in Pittsburgh.
PNC Virtual Wallet is a platform that provides innovative online money management tools complete with traditional account features. Starting a PNC Virtual Wallet account is a simple process and keeps all personal information secure. The application process is entirely online and can be completed in ten minutes. If approved, new PNC Virtual Wallet account owners will receive up to $300 just for joining.
Prior to opening an account, PNC Virtual Wallet provides prospective customers with the ability to compare accounts and see a general overview of interest rates, fees, and other applicable information. This allows users to see exactly what a PNC Virtual Wallet will provide or add in terms of financial management.
While most online accounts charge monthly service fees, PNC Virtual Wallet provides a number of ways to avoid having to pay this. These solutions also benefit the overall performance of the online account. Other beneficial account features include:
One of the benefits of banking online is the ability to manage money without having to meet in a branch office, but instead, handling all financial business online. When a customer opens a Virtual Wallet account with PNC, the following money management tools are included regardless of account type:
In the event of a identity theft, PNC Virtual Wallet provides coverage of up to $10,000 for out of pocket expenses incurred to regain an identity and help in repairing the damaged credit. There are certain restrictions, but overall, PNC tries to create a safe environment for their clients to manage their financial information online.
While the online banking service is free to customers with an eligible account, there may be applicable fees for some optional services. PNC account holders should be aware of which services are included with the account of choice and which ones will require a service charge.
There are only three different online accounts for PNC users to choose from. The account features range from providing basic to premium services and prospective clients will need to do some research to find out which account will benefit their specific financial situation. The three types of virtual wallet accounts include:
It is also important to note that to avoid the monthly service charge, proof of active enrollment in an educational institution is required in order to receive the waiver. The waiver is only eligible for 6 years and will then expire.