PNC Virtual Wallet with Performance Spend

Are you interested in a detailed review of the PNC Virtual Wallet with Performance Spend? At Responsible Economy, we have conducted a comprehensive analysis of its features, including fees, interest rates, welcome bonuses, requirements, and everything you need to know. Furthermore, we provide an in-depth comparison of the leading checking accounts currently accessible in the United States for 2023. Welcome!

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PNC Virtual Wallet with Performance Spend

Features

In this section, we present all the features of the Virtual Wallet with Performance Spend.

Fees

This checking account is free as long as you meet one of the following requirements:

  • Make a monthly deposit exceeding $2,000
  • Maintain a balance of over 2,000€ across all PNC checking accounts.

PNC Virtual Wallet with Performance Spend has a monthly fee of $15 ($180 per year) if you do not meet any of the mentioned requirements.

Minimum deposit

The minimum initial deposit to open the account is $25.

Cash withdrawals at ATMs

Virtual Wallet with Performance Spend provides reimbursement for the first 2 PNC fees incurred at domestic or international non-PNC ATMs, as well as up to $5 for surcharge fees imposed by other banks, during each statement cycle.

Zelle

PNC allows you to conveniently send and receive money using Zelle.

Overdraft services

Virtual Wallet with Performance Spend offers an Overdraft service where you can have a negative balance in your account, but you will be charged a $36 fee for each item. The maximum limit that can be charged per day is 1. Below you will find all the information.

Virtual Wallet with Performance Select overdraft service

Early direct deposit

Even if you have direct deposits, you won’t be able to receive your paycheck early.

Bonus

When you make a direct deposit of $2,000, you will receive a welcome bonus of $200. PNC is one of the banks with the highest welcome bonus in the United States.

Summary table

We have created a summary table with all the features.

FeatureDetails
FeesThis checking account is free as long as you meet one of the following requirements:
– Make a monthly deposit exceeding $2,000
– Maintain a balance of over 2,000€ across all PNC checking accounts
PNC Virtual Wallet with Performance Spend has a monthly fee of $15 ($180 per year) if requirements aren’t met
Minimum deposit$25
Cash withdrawals at ATMs– Reimbursement for the first 2 PNC fees at domestic or international non-PNC ATMs
– Up to $5 reimbursement for surcharge fees imposed by other banks during each statement cycle
ZelleConvenient money sending and receiving using Zelle
Overdraft servicesOverdraft service available with a $36 fee per item. Maximum limit of 1 charge per day.
Early direct depositUnable to receive paycheck early even with direct deposits
BonusWelcome bonus available for a direct deposit of $200
Summary table with all the features

Requirements

To open a Virtual Wallet with Performance Spend, you must meet the following requirements:

  • Reside in the United States
  • Provide proof of your address.
  • Have a Social Security number.
  • Possess a US phone number.

Fees

As mentioned before, the monthly fee is $15 unless you meet one of the following conditions:

  • Make a monthly deposit exceeding $2,000
  • Maintain a balance of over 2,000€ across all PNC checking accounts.

We also provide a list of other potential fees:

  • Incoming transfers: $15
  • Outgoing transfers: $25

Pros

We have made a list with all the advantages that the Virtual Wallet with Performance Spend has:

  • Wide availability of offices and branches throughout the United States.
  • $200 welcome bonus
  • No fees by meeting the conditions.

Cons

Here we show you all the disadvantages:

  • Very low interest rates on the checking account.
  • Monthly fees if requirements are not met.

Frequent questions

Now we are going to answer all the questions you may have about Virtual Wallet with Performance Spend:

Comparison of the best checking accounts in 2023

We have made a chart with the best checking accounts that you can open in the United States:

Logo Chase
  • It is very easy to avoid monthly commissions
  • Welcome bonus of 200 dollars fulfilling conditions
  • More than 16,000 ATMs in the United States
  • $25 minimum deposit
  • Very low interest rates
Bank of America logo
  • It is very easy to avoid monthly commissions
  • More than 16,000 ATMs in the United States
  • $100 minimum deposit
  • No welcome bonus
  • High interest rates if you have a lot of savings
Wells Fargo logo
  • It is very easy to avoid monthly commissions
  • Nearly 12,000 ATMs
  • $25 minimum deposit
  • Welcome bonus of 300 dollars fulfilling conditions
  • High interest rates on CDs
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • No fees no direct deposits
  • More than 50,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs and Savings
Citibank-logo
  • Commissions of $10 if you do not meet requirements
  • No fees at Citibank ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs

Video with the best banks

Here you have a video with best checking accounts in 2023:

Best checking accounts in 2023

More information about PNC

Here you have interest information about PNC:

BancoPNC
Sitio webwww.pnc.com
Facebookwww.facebook.com/pncbank
Twittertwitter.com/PNCBank
Instagramwww.instagram.com/pncbank
LinkedInwww.linkedin.com/company/pncbank
Interest information about PNC

Conclusion and opinions

Based on the analysis conducted, our opinion is that the Virtual Wallet with Performance Spend is not a competitive account because it is difficult to avoid monthly fees and the interest rate it offers is very low. On the other hand, PNC is one of the major banks in the United States and it offers a $200 welcome bonus.

Related content

Finally, you have articles related to bank accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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