If you’ve been thinking about opening a new bank account, now might be the perfect time. PNC Bank is offering a limited-time cash bonus of up to $400 to new customers who open a checking account and meet simple conditions by June 30. This offer is part of the bank’s effort to attract more clients through digital marketing, promotions, and customer-friendly offers.
Why Banks Give Sign-Up Bonuses
Many banks now use sign-up bonuses to attract new customers, especially when checking accounts usually don’t earn much interest. According to financial experts, a direct cash reward, like $200 or $400, can be more attractive to people than small boosts in interest rates.
PNC Bank is one of the largest banks in the U.S., and their latest offer is one of the most rewarding ones available now. Whether you’re looking for a basic account or one with more features, there’s a bonus waiting for you if you act before the deadline.
Three Checking Account Options with Bonuses
PNC Bank is offering this bonus on three different checking accounts under its Virtual Wallet line. Each account has different bonus amounts based on how much you deposit via direct deposit after opening the account.
1. Virtual Wallet – $100 Bonus
This is the most basic and popular option.
How to qualify:
Open a Virtual Wallet account and receive at least $500 in direct deposits.
What’s included:
- A main checking account
- A second checking account for extra flexibility
- A long-term savings account that earns interest
2. Virtual Wallet with Performance Spend – $200 Bonus
This option comes with extra benefits.
How to qualify:
Open this account and receive $2,000 or more in direct deposits.
Extra benefits:
- All features of the basic Virtual Wallet
- Reimbursement for some non-PNC ATM fees
- Higher interest potential on your savings
3. Virtual Wallet with Performance Select – $400 Bonus
This is the premium option with the largest bonus.
How to qualify:
Open the account and receive $5,000 or more in direct deposits.
Premium perks:
- All benefits from the previous options
- No fees for using ATMs from other banks
- Reimbursement for ATM charges from other banks
- No fees for domestic wire transfers
- Highest savings interest rates
How to Get Your Bonus
To claim your reward, follow these simple steps:
- Open a new PNC Virtual Wallet account (one of the three listed) by June 30.
- Set up and receive the required direct deposit amount based on the account you choose.
- Wait 60 to 90 days after meeting the requirements for the cash to be deposited into your account automatically.
Other Banks Offering Bonus Money
If PNC Bank’s offer doesn’t suit you, other banks are also giving away free cash:
- Chase Bank is offering up to $200 for opening a checking account. No deadline has been announced yet.
- Citi Bank has a bonus of up to $325 for new customers, but this offer ends on July 7.
With summer around the corner and extra expenses coming up, this PNC Bank promotion is a great way to earn a quick financial boost. Whether you’re looking for a simple checking account or a feature-packed premium option, you can walk away with up to $400 just for opening an account and setting up direct deposit. But remember, this offer is only good through June 30, so don’t wait too long!