This bonus has expired, click here for other PNC bank bonuses or here for the best current checking bonuses.
Offer at a glance
- Maximum bonus amount: $400
- Availability: Offer only available in the PNC Bank branch locations in the Central Ohio, Detroit, Florida, Georgia-Alabama, Greater Maryland, Kentucky, Southern Indiana, Northern Ohio, and Southwest Pennsylvania markets
- Direct deposit required: No
- Additional requirements: See below
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Personal account is Up to $2,000 with Visa or Mastercard, not sure if business accounts allow it
- Monthly fees: $12-$50, avoidable
- Early account termination fee: $25, six months
- Household limit: None listed ,
- Expiration date:
December 31st, 2017March 31st, 2017
Contents
The Offer
- PNC is offering a bonus of up to $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 $1,500 for each of the first 3 statement cycles
- Make at least 10 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles
- Earn $300 with a business checking plus 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 10 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 preferred account when you complete the following requirements:
- Maintain the minimum average cycle balance of $25,000 for each of the first 3 statement cycles
- Make at least 10 total qualifying PNC Bank Visa® Debit Card transactions and/or PNC Bank Mobile Check Deposits[3] within the first three statement cycles
- Earn $200 with a business checking account when you complete the following requirements:
The Fine Print
- Offer only available in the PNC Bank branch locations in the Central Ohio, Detroit, Florida, Georgia-Alabama, Greater Maryland, Kentucky, Southern Indiana, Northern Ohio, and Southwest Pennsylvania markets. Offer only available to businesses with an annual revenue less than $5 million.
- You will only be considered for one reward amount, which is based on the product type you open. You may earn a $200 reward if you open a new PNC Business Checking account. You may earn a $300 reward if you open a new PNC Business Checking Plus account. You may earn a $400 reward if you open a new PNC Business Checking Preferred account.
- 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 ofqualifying PNC Bank Visa Debit card transactions and/or PNC Bank Mobile Check Deposits are acceptable but must equal 10 after the first three statement cycles end.
- 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 $1,500
Business Checking Plus ($300 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 ($400 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
The $400 bonus is definitely not worth considering due to the $25,000 deposit requirement (compared to only $5,000 for the $300 bonus), it’s also significantly more difficult to keep the $400 account fee free. I think the $300 is really the sweet spot, but if you don’t have much access to $5,000 then the $200 bonus still seems like good value. The difference is having to deposit $3,500 more for three months for an extra $100.
I think this bonus is definitely worth doing, as is the ever popular $300 personal bonus (some areas get $400 in branch). I’ll be adding this bonus to the best business checking bonuses list. As always share your experiences in the comments below.
Hat tip to reader Vijay
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
I just closed a PNC business checking.
Is there any language about only one bonus per year, only one bonus every 6 months, etc.?
I don’t see that language….
I did the $300 Business Checking Plus promotion.
3/14/18: Opened the account in branch and funded with $5,050
4/10/18: Completed 10 debit card purchases
6/13/18: $300 bonus posted
6/15/18: Called PNC and downgraded to regular business checking account
Thanks DoC!
Opened with $5,000. Made 10 debit card transactions within the first month and bonus took just over 90 days from opening date to post.
Account took about an hour to open.
I am still waiting for the bonus to post.
12/12/17 opened account funding with $5050 from personal account transfer.
02/02/18 finished all 10 debit card transactions requirement. All real payments albeit small.
As of today 05/21/18, STILL NO BONUS.
In April when I inquired it at the branch, business banker has changed person but the new person checked everything said the bonus should be posted 90 days after completing the requirement, which would be after 05/02/18 given the last debit transactions were on 02/02/18. She verified the email address was correctly attached to the account and that was all it needed – the email address that received the offer.
Based on others DPs something was not done right by the initial banker when opening the account.
After a lot of follow up with the local branch business account manager. finally saw the $300 posted on Mar 23 as an ACH but with the correct description of New Business Checking Account Bonus.
Cannot wait to close this account once the 6 months are up.
I originally planned on downgrading it to $1500 checking once the bonus posted after the first 3 to 4 months but it did not. The time and effort involved to get the bonus posted has totally put me off and would not keep the account. I could close it Mid June but would just let it ride thru June to generate an additional statement then close it.
Despite the poor experience I would still like to thank DoC for posting bank deals/
DP ($300 Bonus):
1/27/2018: Opened and funded “business” with $5100 from personal acct
3/19: Finished 10th debit charge (all real)
4/13: $300 Bonus
Once again, Thanks! Will look to downgrade this week and move all but $1500 out then close after 6 months end.
Glad to help
Thank you sir 🙂
I was locked out of my PNC online banking they told me they need to verify my account and the only way they can do this is if I come to a branch. Does anyone know any way I can avoid this?
Why were you locked out? Usually they want you to provide your ID in person.
thats why i was locked out im going to a branch tomorrow…
So you opened the account and then a few days later they told you to come into a branch?
One more thing, it was determined by my banker that the 10 debit transactions were for the full period, not each month.
Has anyone received his bonus from the sign up last year?
I signed up on Dec 12. Wonder how long after the 90 days are up before one sees the bonus?
The original branch manager who opened the account now no longer at this branch. I am not sure she is transferred or simply has left PNC. She told me at the time I could downgrade the account to the $1500 requirement after the first 90 days. Not sure this would be honored by the new branch manager.
Just would hope to see this thread being revived and some would post their data points on when they receive their bonuses.
12/1/17 – Opened account with $5100 as sole proprietor in my name
10 amazon transactions each month for 3 months
3/9/18 – $300 bonus posted
Thanks DoC!