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.
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.
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.
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.
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:
| Feature | Details |
|---|---|
| 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. |
| 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. |
| 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. |
| 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. |
| 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. |
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:
- 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.
- 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.
- $0 fees up to 23 years old.
- $0 welcome bonus
- Two withdrawals free
- $0 minimum deposit
- Very low interest rates
- $0 Annual fees
- $0 welcome bonus
- ATMs free: BMO and Allpoints
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: U.S. Bank
- $0 minimum deposit
- Very low interest rates
- Easy to avoid monthly commissions
- $0 welcome bonus
- ATMs free: TD Bank
- $0 minimum deposit
- Very low interest rates
- No monthly fees
- $0 welcome bonus
- More than 70,000 ATMs in the United States
- $0 minimum deposit
- High interest rates.
- 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
- 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
- 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:
| Banco | PNC |
|---|---|
| Sitio web | www.pnc.com |
| www.facebook.com/pncbank | |
| twitter.com/PNCBank | |
| www.instagram.com/pncbank | |
| www.linkedin.com/company/pncbank |
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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