PNC Virtual Wallet Student

Are you interested in a thorough review of PNC Virtual Wallet Student? At Responsible Economy, we’ve conducted an in-depth analysis of its features, including fees, interest rates, welcome bonuses, requirements, and everything you need to know. Additionally, we provide a comprehensive comparison of the best student checking accounts available in the United States. Welcome!

Features

In this section, we’ll show you all the features that PNC Virtual Wallet Student offers. The initial thing you need to understand is that this checking account is actually three accounts in one:

  • Spend: is a non-interest-bearing checking account.
  • Reserve: is an interest-bearing checking account used for short term savings goals.
  • Growth: is a savings account which earns interest and can be used for longer term savings goals.

Fees

PNC Virtual Wallet Student doesn’t have any maintenance fees. The account is always free, and you don’t need to meet any minimum requirements.

PNC Virtual Wallet Student fees

Minimum deposit

If you open the account online, you won’t need to make any minimum deposit, but if you open it at a branch, you’ll need to deposit $25.

PNC Virtual Wallet Student minimum deposit

Cash withdrawals at ATMs

You can make fee-free cash withdrawals at all PNC ATMs. At other ATMs, there is a $3 fee. Each month, you receive a reimbursement for 2 withdrawals, with a cap of $5.

PNC Virtual Wallet Student ATMs

Zelle

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

Overdraft assist

This account offers overdraft service with a fee of $36 per item.

PNC Virtual Wallet Student Overdraft

Early direct deposit

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

Bonus

It doesn’t offer any welcome bonus.

Summary table

Here’s a summary table with all the features of PNC Virtual Wallet Student:

FeatureDetails
FeesPNC Virtual Wallet Student doesn’t have any maintenance fees. The account is always free, and you don’t need to meet any minimum requirements.
Minimum depositIf you open the account online, you won’t need to make any minimum deposit, but if you open it at a branch, you’ll need to deposit $25.
Cash withdrawals at ATMsYou can make fee-free cash withdrawals at all PNC ATMs. At other ATMs, there is a $3 fee. Each month, you receive a reimbursement for 2 withdrawals, with a cap of $5.
ZellePNC Virtual Wallet Student allows you to conveniently send and receive money using Zelle.
Overdraft assistThis account offers overdraft service with a fee of $36 per item.
Early direct depositEven if you have your monthly income direct deposited, you won’t be able to receive your paycheck early.
BonusIt doesn’t offer any welcome bonus.
PNC Virtual Wallet Student

Requirements

PNC Virtual Wallet Student is accessible to individuals aged 16 or older. If you’re a student, you have the option to establish a Virtual Wallet Student Account, which remains open for a maximum of six years. The student account entails a $0 initial deposit (when opened online), no monthly service fee, and no minimum balance requirement. This account can be maintained for a duration of up to 6 years.

Pros

We have made a list with all the advantages that the PNC Virtual Wallet Student has:

  • Wide availability of offices and branches throughout the United States.
  • No monthly fees
  • One of the best online checking accounts in the country.

Cons

Here we show you all the disadvantages:

  • Very low interest rates on the checking account.
  • No welcome bonus

Comparison of checking accounts in 2023

We’ve created a table featuring the best student checking accounts available for opening in the United States:

Logo Chase
  • It is very easy to avoid monthly commissions.
  • Welcome bonus of 100 dollars fulfilling conditions.
  • More than 16,000 ATMs in the United States.
  • $25 minimum deposit.
  • Very low interest rates.
Capital ONE MONEY Teen checking
  • It is very easy to avoid monthly commissions.
  • $0 welcome bonus.
  • More than 70,000 ATMs in the United States.
  • $0 minimum deposit.
  • Very low interest rates.
Truist Bank logo
  • $0 fees up to 23 years old.
  • $0 welcome bonus
  • Two withdrawals free
  • $0 minimum deposit
  • Very low interest rates
BMO logo
  • $0 Annual fees
  • $0 welcome bonus
  • ATMs free: BMO and Allpoints
  • $0 minimum deposit
  • Very low interest rates
Logo U.S. Bank
  • Easy to avoid monthly commissions
  • $0 welcome bonus
  • ATMs free: U.S. Bank
  • $0 minimum deposit
  • Very low interest rates
TD Bank logo
  • Easy to avoid monthly commissions
  • $0 welcome bonus
  • ATMs free: TD Bank
  • $0 minimum deposit
  • Very low interest rates
Capital ONE MONEY Teen checking
  • No monthly fees
  • $0 welcome bonus
  • More than 70,000 ATMs in the United States
  • $0 minimum deposit
  • High interest rates.
Logo PNC Bank
  • It is very easy to avoid monthly commissions
  • $0 welcome bonus
  • fulfilling conditions
  • More than 60,000 ATMs in the United States
  • $25 minimum deposit ($0 online)
  • Very low interest rates
Bank of America logo
  • It is very easy to avoid monthly commissions
  • No welcome bonus
  • 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

Frequent questions

Frequently asked questions about PNC Virtual Wallet Student:

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

Conclusions

After completing our analysis, we have determined that the PNC Virtual Wallet Student account is an outstanding option. This is due to its lack of maintenance fees, fee-free cash withdrawals at all PNC ATMs, and the allowance for up to 2 withdrawals per month without any charges. However, it’s worth noting that the account provides minimal interest on savings and does not offer a welcome bonus.

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Updated the day 1 September, 2023 by Alfredo Barandiarán

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