PNC Bank Offering $100 Bonus for Opening Virtual Wallet with Direct Deposit


PNC Bank is offering the special promotion of a $100 bonus if you open its Virtual Wallet online with direct deposit. Here are a few details of opening/maintaining this account:

  • Your first direct deposit must occur within 60 days of opening your account
  • Each direct deposit must be at least $400
  • Your direct deposits must be made by an employer or outside agency (transfers from one account to another, or deposits made at a branch or ATM, do not qualify)
  • Must be a new PNC Bank checking account customer
  • Must open account using online application

The Virtual Wallet includes three accounts: the Spend Account (checking), the Reserve Account (short-term savings with overdraft protection and 0.10% APY) and the Growth Account (high-yield savings account with current 1.75% APY for amounts up to $25,000). Some features of the account include:

  • $25 minimum initial deposit
  • There are no monthly service charges or minimum balance requirements
  • You are allowed to write paper checks (if you exceed 3 checks per month, you will be charged 50 cents per check)
  • ATM fees refunded at non-PNC ATMs if your combined monthly balance is $2,ooo in your Spend and Reserve accounts
  • Various online tools

This promotion is only available by applying online. Nationwide applications are welcome.


This rate may no longer be applicable. For updated rate information, see below.