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Maya
Maya (@guest_1971754)
December 18, 2024 00:37

“maintain a minimum average ledger balance of $2,000 for each of the first three statement cycles”, how is “average ledger balance” calculated? If open the account in the middle of the month, the first month is a partial month with 15 days left, does the daily balance of the remaining 15 days need to be $4000 or $2000?

Pickle Rick🔗
Pickle Rick🔗 (@guest_1971755)
December 18, 2024 00:40

It’s the average of the daily balances for the days the account is open.

Maya
Maya (@guest_1971810)
December 18, 2024 04:34

Good to know! So no matter on which day in the month the account is opened, if I can deposit on Day 1, then it only needs to be $2000, if the deposit is late for several days, then it needs to be higher than $2000 to make the average daily balance for the days from the account opening day to the end of the month be $2000, is this understanding correct?

Pickle Rick🔗
Pickle Rick🔗 (@guest_1971814)
December 18, 2024 05:03

Yep! I broke down an example of the math for someone else in #1948101 .

Maya
Maya (@guest_1971841)
December 18, 2024 07:59

Fantastic! Thank you so much Pickle Rick!

TJ
TJ (@guest_1969222)
December 13, 2024 00:45

I just want to make sure I’m not reading this wrong: “ New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank business checking account or has closed an account within the past 90 days.”

I closed a personal PNC checking account. That wouldn’t disqualify me, right? Only if I had closed a business checking account?

Thanks!

AlBundysBigguns
AlBundysBigguns (@guest_1969227)
December 13, 2024 00:55
  TJ

Correct, that is only relevant if you had closed a business checking within 90 days of opening the new business checking. If they try to say otherwise (which is unlikely), the terms could easily be fought, and won, with the current language as it plainly (contract term) is referring to a “PNC Bank business checking account”.

ma61187
ma61187 (@guest_1968654)
December 12, 2024 11:56

Watch out when opening a Treasury Enterprise Plan account, account is hard to open as bankers can not directly open and they need to open a regular business account and have it converted over There are fees that are not disclosed besides the bank and bankers saying that the Treasury Enterprise Plan is a feature of the Analysis Business Checking. As of right now I have been charged a $30 fee for account analysis which I suspect will be a monthly thing

Maya
Maya (@guest_1965181)
December 6, 2024 03:34

I had a business account with PNC before. During the application, does it ask for previous login? Or would the new account automatically show up under the previous login? The issue is I do not remember my old login…

Pickle Rick🔗
Pickle Rick🔗 (@guest_1965184)
December 6, 2024 03:52

It asks you if you “use online banking for a personal account at PNC”. I’m not sure how it works if you say no, as I have a personal savings account. I’m also not sure how online banking works if you only have a biz account, or what happens if it finds your login after applying.

However, you can use the “Forgot ID or Password?” prompt under “Sign On” to get logged in if the new account does get automatically assigned to your old login.

DocUsr
DocUsr (@guest_1960399)
November 27, 2024 15:52

Got this exact same error at the very last step in the opening process.
“We’re Sorry. Our systems encountered an issue and are currently unavailable. Any information you entered was not saved. Please try again later.”
I applied again and it went thru fine. After setting up the profile I now see 2 accounts.
Not sure what to do now, whether to ask to close the first account or keep it and fund the second one for bonus purpose.

The terms say this.
New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank business checking account or has closed an account within the past 90 days, or has been paid a promotional premium in the past 12 months. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. For this offer, signing authority will be defined by the customer name(s) and Social Security number(s) registered on the account.

Any suggestions? Thanks.

Chris
Chris (@guest_1965133)
December 6, 2024 00:33

I encountered the exact problem. Did you contact PNC to close or just fund one account, leaving the other with a zero balance?

DocUsr
DocUsr (@guest_1968113)
December 11, 2024 15:40

I got the dup account closed, not sure how this impacts the bonus though.

Chris Va
Chris Va (@guest_1971742)
December 17, 2024 23:43

I left both open and will only try to meet the SUB requirement for one acct.

MP
MP (@guest_1974157)
December 23, 2024 14:03

Same issue here. I am reluctant to close the 2nd account due to the “no account closed in the last 90 days” thing.

Pickle Rick🔗
Pickle Rick🔗 (@guest_1974226)
December 23, 2024 16:00
  MP

Keeping it open wouldn’t be any better. You would have “signing authority on an existing PNC Bank business checking account”. Then again, the first checking account would invalidate its own offer with that logic.

The only way that sentence makes any sense is if you evaluate the offer eligibility just prior to opening the first account, in which case you can do whatever you want with the second account.

Snowbird
Snowbird (@guest_1957570)
November 23, 2024 07:00

Opened in late July, had minimum balance requirements count August September and October. $200 bonus paid 11/22.

Jay
Jay (@guest_1956704)
November 21, 2024 23:10

Any DP if cash app reload works as debit card transaction? 20x kind of hard to do, especially with p2 and p3

GeorgeClooney
GeorgeClooney (@guest_1958613)
November 25, 2024 09:58

just do amazon reloads of $5

Jay
Jay (@guest_1958641)
November 25, 2024 10:39

Thanks for the reply.

Doc_Liker
Doc_Liker (@guest_1966656)
December 8, 2024 23:15

you think Paypal Bill pay using PNC debit card will count towards the 20 debit card txns?

Lana44
Lana44 (@guest_1952592)
November 15, 2024 19:52

11/15/24

Tl;dr: Approved online for a basic business checking account as a sole proprietorship.

Applied online for the basic business checking account as a sole proprietorship. I’ve had a personal checking account with PNC that I closed last year, so I still have a login, but I chose to say that I have no (active) accounts.

The only hiccup in my application was towards the end, I tried to submit my application, but I got this error: “We’re Sorry. Our systems encountered an issue and are currently unavailable. Any information you entered was not saved. Please try again later.”

I then received an email from PNC about my incomplete application, but every time I put in my personal details to resume the application, I would get the aforementioned error.

I called the PNC Business Banking department directly at 877-287-2654 (Monday – Friday: 8am – 9pm ET Saturday – Sunday: 8am – 5pm ET) and the representative I spoke with told me that they would forwards the details to the digital banking department.

Within an hour, I got an email with an approval plus some documents I needed to docusign.

thatOneActuary
thatOneActuary (@guest_1951988)
November 15, 2024 08:16

“At least 20 total qualifying debit card transactions”… since there’s “signature or PIN” language things like $1.xx Amazon reloads wouldn’t count towards the 20, correct?

Snowbird
Snowbird (@guest_1952052)
November 15, 2024 10:32

Should be fine, but I believe Amazon now has a $5 minimum reload.

ChurningExperiences
ChurningExperiences (@guest_1960153)
November 27, 2024 10:58

I did cash app

Jay 🔗
Jay 🔗 (@guest_1963398)
December 3, 2024 14:10

ChurningExperiences – cash app worked and you got the bonus? what dates & amounts? thanks!

Henry
Henry (@guest_1948056)
November 9, 2024 23:18

Is anyone else in the same boat with the average cycle balance? I opened my account on 10/20/2024 but only deposited $2,000, so my first statement was less than $2,000 for the average ledger balance. Have I screwed my bonus?

Tom MacDonald
Tom MacDonald (@guest_1948058)
November 9, 2024 23:23

Unfortunately yes, this happened to me before and they didn’t budge on the bonus. I would close and come back later and try again. $2000 ledger bal. for first 3 statement cycles.

Matt
Matt (@guest_1949182)
November 11, 2024 17:06

Henry Tom MacDonald FYI, I just called in about this because I also opened my account toward the end of the month. The rep said that for business accounts opened after the 10th of the month, the promotional term is extended to the end of the 4th statement cycle.

Tom MacDonald
Tom MacDonald (@guest_1949267)
November 11, 2024 19:45

That’s good to know, thanks for posting! It’s good to hear the positive changes Matt

roger
roger (@guest_1953425)
November 17, 2024 13:35

Did anybody get approved for the PNC Business Credit card & get approved?