Update 2/5/20: New offer link is http://pnc.com/myreward. Still targeted (“Offer is available to intended addressee only”). This new link doesn’t have the debit card requirement.
Offer at a glance
- Maximum bonus amount: $500
- Availability: Targeted
- Direct deposit required: $5,000+
- Additional requirements: 10 debit card transactions
- Hard/soft pull: Soft
- ChexSystems: Unknown
- Credit card funding: Yes, but codes as cash advance
- Monthly fees: $25, avoidable
- Early account termination fee: $25 if closed within six months
- Household limit: None
- Expiration date: Unknown
Contents
The Offer
Direct link to offer is: pnc.com/growthoffer might need to open this in incognito mode to get it to show the proper offer. In addition there is targeted language
- PNC is offering a bonus of $500 when you open Virtual Wallet with Performance Select and complete the following requirements:
- Establish a direct deposit of $5,000+
- Make at least 10 qualifying purchases with your PNC debit card
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
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
Early Account Termination Fee
There is an early account termination fee of $25. This is charged if you close your account within 180 days. There is some evidence to suggest that they don’t actually charge this fee, but YMMV.
Our Verdict
There are a few URLs floating around for this offer, but they all seem to display a bonus for $300 instead of $500, so not sure what’s going on there. Normally the public bonus is $300 with the same requirements, so if you did get this $500 offer this is basically just an extra $200 and well worth doing. We won’t add this to the best bank account bonuses as it’s targeted.
Hat tip to reader Jim A & KS
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
View Comments (163)
I was targeted for the $500 promo. They never credited me for it. I sent them pictures of the flyer (with my name and address) twice. The "executive" team refused to credit me for the promo even though I had satisfied all the terms.
I filed a complaint with the CFPB. They don't care. Oh well.
@Doc - Where'd the core PNC thread go? Showing page not found currently.
Looks like it's all fixed now. Thanks!
Not targeted, but still applied.
Account opened : 2/10
ACH from Chase: 2/20, count as "ACH CREDIT XXXXXXXXX JPMORGAN CHASE EXT TRNSFR"
Did not get DD email, so I did another transfer from paypal on 3/10, code as "ACH CREDIT XXXXXXXX PAYPAL TRANSFER", but I got a DD email.
Called CS, the promo is actually attached to my account, just gotta wait 60-90 days.
5/6 as of today, still got nothing. 14 days to go to be over 90 days.
@guest_973983 You here anything back?
any luck getting the promo bonus?
I was not targeted but still applied and account wasn't approved.
@guest_997208 going to guess “no” on behalf of @guest_973983. I tried with P1 and P2, approved, funded, DD and no bonus. Was told “not targeted”
3/10 Opened account
4/3 & 4/17 DD $2500
4/29 $500 bonus posted
How did you get the $500 vs $300? Thanks!
To be clear, you weren't targeted for this, right? You just used the link?
anyone have a screenshot of the $500 bonus?
FYI. I was targeted and opened up and account in early February. I had my federal tax refund direct deposited. Exactly 30 days after my direct deposit I received my $500 bonus.
I was targeted via mail for a $300 + $200 (savings), but did the link above instead. Bonus posted today, but only $300 (I didn't do the savings since the offer here didn't require). Wondering if its worth fighting
[deleted]
Same here. Signed up with the link above for $500 bonus but only received $300 on March 24, 2020.
Received targeted mailer with my name and address. Applied 2/5
2/26 IRS refund of $5000
3/25 $500 bonus posted.
Online statement reads Direct Deposit for my ach push from Wells Fargo. Let's see if I get the bonus I wasn't targeted for ...
hmmm, am I being lucky or just other people unlucky?
I signed up for the account through the link above, and just called CS if the promo is attached to my account, she said yes. just need to keep account open and do the DD.
Keep account for 2 month, and will receive it after 60-90 days per T&C。。
guess I'll have to wait and see.