PNC Bank is one of the Top 10 largest banks in the US, and they have a nice bonus available as well. Enter your zip code into their checking offer locator page and you should see either a $200 or $400 bonus based on your geographic location. You have to apply by 10/31 (although the offer may be extended) and you have 60 days to meet the direct deposit hurdles:

  • The $400 offer that came up required total qualifying direct deposits of $5,000 or more to the Spend account within the first 60 days after account opening.
  • The alternative offer was $200 bonus for total qualifying direct deposits of $2,000 or more to the Spend account within the first 60 days after account opening.

Here is the fine print attached to my specific offer (may differ slightly for your zip code):

You may earn a $400 reward if you open a new Virtual Wallet with Performance Select, a $200 reward if you open a new Virtual Wallet with Performance Spend, or a $50 reward if you open a new Virtual Wallet. If you change your Virtual Wallet product type after account opening, the product type that you are in at the end of the month in which you opened your account will determine your offer eligibility, terms and corresponding reward amount, if applicable.

To qualify for the reward, the new Virtual Wallet product must be started online via the application links on this page and completed with a mobile device, or in a branch using the appropriate coupon between 07/22/2022 to 10/31/2022, and a qualifying Direct Deposit(s) must be received within the first 60 days. Your Virtual Wallet product must remain open in order for you to receive the reward, which will be credited to the eligible account within 60–90 days after all conditions have been met and will be identified as “CREDITS CHECK REWARD” on your monthly statement.

A qualifying Direct Deposit for this offer, is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into the Spend account of a Virtual Wallet with Performance Select, Virtual Wallet with Performance Spend or Virtual Wallet. The total amount of all qualifying Direct Deposits credited to your Spend account must be at least $5,000 for Virtual Wallet with Performance Select, $2,000 for Virtual Wallet with Performance Spend and $500 for Virtual Wallet. Credit card cash advance transfers, wire transfers, person to person transfers, transfers from one account to another or deposits made at a physical PNC location or ATM do not qualify as qualifying Direct Deposits.

New account will not be eligible for offer if you or any signer on the new account has an existing PNC Bank consumer checking account or has closed an account within the past 90 days, or has been paid a PNC promotional premium in the past 24 months. If multiple accounts are opened with the same signers, only one account will be eligible for the premium.

The Virtual Wallet Checking Pro has no monthly fees. The PNC Virtual Wallet with Performance Select and PNC Virtual Wallet with Performance Select have monthly fees that can be waived with either a minimum balance across accounts or a minimum direct deposit size. There is also an early closure fee of $25 if you close the account within 60 days, so you may need to downgrade your account after meeting the bonus requirements. The details may change with your address.

“The editorial content here is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone. This email may contain links through which we are compensated when you click on or are approved for offers.”

PNC Bank Checking Account Bonus ($200 or $400) from My Money Blog.


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