[Expired]Online $300 PNC Virtual Wallet Sign Up Bonus [AL, DC, DE, FL, GA IL, IN, KY, MI, MO, MD, NC, NJ, NY, OH, PA, SC, VA, WI, WV only]

This offer has expired, but you can read about the current PNC bonus by going here.

Offer at a glance

• Maximum bonus amount: $300
• Availability: AL, DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NC, NJ, NY, OH, PA, SC, VA, WI and District of Columbia
• Direct deposit required: $500-$5,000 depending on bonus
• Additional requirements: One bill pay
• Hard/soft pull: Soft
• Credit card funding: Up to $2,000
• Monthly fees: $7-$25, waive-able
• Early account termination fee: $25 if closed within six months
• Expiration date: February 22nd, 2015

The Offer

Direct link to offer

• Receive up to $300 when you open a PNC Virtual Wallet:
  • Receive $75: Open a new Virtual Wallet account, make at least one online bill pay and establish a qualifying direct deposit of at least $500
  • Receive $200: Open a Virtual Wallet with performance spend checking account, make at least one online bill pay and establish a qualifying direct deposit of at least $2,000
  • Receive $300: Open a Virtual Wallet with Performance Select, make at least one online bill pay and establish a qualifying direct deposit of at least $5,000 NOTE: You can do this same offer and get $400 by going into a PNC branch.

The Fine Print

• Bill payment must be completed within 60 days of account opening
• Bonus will post between 60 and 90 days after completing all of the requirements
• Offer only available to new checking account holders. You will not be eligible if you’ve had or closed an account within the last 90 days or receive a promotional premium in the past 12 months.
• A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency. You can see what else triggered this bonus here.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Early Account Termination Fee

• You must pay a $25 early account termination fee if you cancel your account within 6 months of opening (source)

Virtual Wallet $7 Monthly Fee

You can get the the monthly fee waived on this account if you meet any of the following:

• Average monthly balance of $500 or more
• Qualifying direct deposit of $500 or more
• Use only ATMs, online or mobile banking only to make withdrawals or deposits
• Use virtual wallet student

Virtual Wallet With Performance Spend $15 Monthly Fee

You can get this fee waived if you meet any of the following:

• Average monthly balance of $2,000 or more
• Qualifying direct deposit of $2,000 or more
• $15,000 in linked eligible accounts

Virtual Wallet With Performance Select $25 Monthly Fee

You can get this fee waived if you meet any of the following:

• Average monthly balance of $5,000 or more
• Qualifying direct deposits of $5,000 or more
• $25,000 in linked eligible accounts

Click here to view the different accounts side by side.

Our Verdict

If you’re going to complete the Virtual Wallet With Performance Select ($300 bonus) then you might as well do it in branch and request the workplace bonus which has the same requirements but offers $400 instead of $300.

We’ve actually talked about this bonus before, but it’s now slightly different and available to more states so we thought it was worth rehashing. I don’t live in the qualifying area, but if I did I’d complete this deal (actually I’d complete the $400 in branch offer). The $200 bonus might be suitable for some people who don’t have a spare $5,000 lying around.

All of these bonuses are in our bank bonus table and it’s also currently our second most recommended bonus, see what’s number one.

Direct link to offer | Screenshot of offer