PNC Up To $200 Business Checking Bonus [AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and WV]

Update 1/2/2021: Extended until March 31, 2021.

Update 10/11/20: Extended until December 31, 2020.

Update 4/2/20: Deal has been extended until June 30th, 2020. Only $200 bonus available.

Update 1/6/2020: Deal has been extended until 3/31/2020. Hat tip to reader BlissfulApathy

Update 10/3/19: Some people are reporting that they are able to open this account outside of the states listed. Reader Erik called in and they told him that this would be officially rolling out in 3-6  months. Not sure if you can actually sign up now or not, if anybody gives it a go let us know in the comments. In addition some states are now showing a bonus of $400 that requires a deposit of $10,000 for the first 3 statement cycles.

Update 10/2/19: Deal has been extended until December 31st, 2019

Update 7/6/19: Deal is back until September 30th, 2019

Update 4/8/19: Deal is back until June 30th, 2019. Deal is slightly better than before as you can open a regular business checking bonus to get the $200 bonus. Because of that I now recommend doing this bonus because we haven’t seen a larger bonus for a long time. I’ll add this to our list of the best business checking bonuses.

Update 1/6/19: Bonus is back and valid until March 31st, 2019. Highest bonus is $200, keep in mind we’ve seen PNC bonuses as high as $400 before (same requirements as now, but an extra $100 per level and the higher level also available). Unfortunately doesn’t look like this is nationwide

• Maximum bonus amount: $200
• Availability:[AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and WV]
• Direct deposit required: No
• Additional requirements: See below
• Hard/soft pull: Soft
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $12-$50, avoidable
• Early account termination fee: $25, six months
• Household limit: None listed ,
• Expiration date: June 30th, 2018 September 14th, 2018 December 31st, 2018 March 31st, 2019. June 30th, 2019 December 31st, 2019

The Offer

Direct link to offer

• PNC is offering a bonus of up to $200/$400 when you open a business checking account. Bonuses are as follows:
  • Earn $200 with a business checking account when you complete the following requirements:
    • Maintain the minimum average cycle balance of $5,000 for each of the first 3 statement cycles
    • Make at least 20 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles
  • Earn $400 with a business checking account when you complete the following requirements (select states only):
    • Maintain the minimum average cycle balance of $10,000 for each of the first 3 statement cycles
    • Make at least 20 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles

The Fine Print

• You will only be considered for one reward amount, which is based on the product type you open. You may earn a $100 reward if you open a new PNC Business Checking account. You may earn a $200 reward if you open a new PNC Business Checking Plus account. You may earn a $300 reward if you open a new PNC Business Checking Preferred account
• To qualify for the reward, the new checking account must be opened between 01/01/19 and 03/31/19 and the following conditions must be met:
  • (a) average cycle balance of $1,500 must be maintained for each of the first three statement cycles to qualify for the $100 reward; $5,000 to qualify for the $200 reward; or $25,000 to qualify for the $300 reward and
  • (b) at least 10 total qualifying PNC Bank Visa Debit card transactions and/or PNC Bank Mobile Check Deposits must be made within the first three statement cycles.
• Your 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. (c) 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.
• Average cycle balance is defined as the average total within your business checking account at the end of your statement cycle. Average cycle balance of $1,500 must be maintained for each of the first three statement cycles to qualify for the $100 reward; $5,000 to qualify for the $200 reward; or $25,000 to qualify for the $300 reward.
• A qualifying debit card transaction is defined as any debit card purchase made at point of sale using your signature or PIN; a purchase made electronically or online using your debit card number, including recurring payments; or the use of your debit card at an ATM to deposit a cash or check or to withdraw cash. A PNC Bank Mobile Check Deposit is defined as the deposit of a check made using your PNC Bank Mobile Banking app. Any combination of qualifying PNC Bank Visa Debit card transactions and/or PNC Bank Mobile Check Deposits are acceptable but must equal 10 within the first three statement cycles.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

All of the business checking accounts have the monthly waived for the first three months.

Business Checking ($200 Bonus)

This account has a monthly fee of $12 and is waived if you do ONE of the following:

• Make $1,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $500

Business Checking Plus ($200 Bonus)

This account has a monthly fee of $20 and is waived if you do ONE of the following:

• Make $2,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $5,000
• Maintain average combined business loan balances of at least $40,000
• Maintained an average combined collected balance in linked business checking and money market accounts of $20,000
• Maintain a Visa Signature BusinessOptions credit card
• Maintain any one of these additional PNC business services:
  • Deposit On-Site^®
  • DepositNow^®
  • PINACLE^®
  • Cash Logistics
  • Remote Safe
  • Cash Flow Insight^® Payables
  • Cash Flow Insight Receivables

Business Checking Preferred ($300 Bonus)

This account has a monthly fee of $50 and is waived if you do ONE of the following:

• Make $1,000 in business credit card purchases with a linked PNC credit card
• Maintain an average minimum monthly collected balance of $25,000
• Maintain average combined business loan balances of at least $75,000
• Maintain a Visa Signature BusinessOptions credit card
• Maintained an average combined collected balance in linked business checking and money market accounts of $50,000
• Maintain any one of these additional PNC business services:
  • Deposit On-Site^®
  • DepositNow^®
  • PINACLE^®
  • Cash Logistics
  • Remote Safe
  • Cash Flow Insight^® Payables
  • Cash Flow Insight Receivables

Our Verdict

Update 2: Given we haven’t seen the $300 bonus for a long time and it’s now easier to do the $200 bonus I’m going to recommend doing this one again.

Update: Not sure if it’s still worth waiting considering it’s been two years since we’ve seen that higher bonus.

They had the same promotion last year, but every bonus was $100 higher. Personally I’d just recommend waiting until that offer comes back as PNC usually cycles between a high and low offer like this and the promotion is literally the same except this is $100 less across all three promotions. You can view a full list of the checking bonuses we do recommend here.

Big thanks to reader, YAR who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times