AMERICANS have just days to boost their bank balance with up to $400 in free cash.
To meet PNC Bank’s June 30 deadline you need to follow three simple steps for the automatic payment.
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The US banking giant is offering a perk allowing people to earn up to $400.
But first, you need to open a new checking account online, and set up a qualifying direct deposit.
PNC Bank is one of the biggest banks in the country, with a network of approximately 2,200 branches coast-to-coast.
Headquartered at Pittsburgh, Pennsylvania, its sign-up cash bonus offer is regarded as “realistic,” according to MarketWatch.
You can earn $400 as an automatic direct payment when you open an account and meet PNC’s direct deposit requirements.
MarketWatch said the offer was one of its “picks” for June.
The website said that if you “establish total qualifying direct deposits of $5,000 or more with a PNC Spend account before the June 30 deadline, you may stand to earn $400.
“Apply online for checking and savings accounts – and PNC doesn’t charge for using other banks’ ATMs; nor do they charge for domestic wires.”
To qualify for up to $400 free cash, new PNC customers will first need to choose the type of checking account they want to open.
You can scroll below for more details.
The bank offers three options, and each one offers a different cash bonus maximum.
However, the experts at MarketWatch warned, “Be sure to do your homework before opening and read the fine print for details and requirements.”
Three Steps to Get Your Cash
- Open Account
Open a new Virtual Wallet on this page or bring your coupon to a PNC Bank Branch to open by 06/30/2025.
2. Set Up Direct Deposit
Receive a qualifying direct deposit(s) in the first 60 days to the Spend account of your new Virtual Wallet.
- $500+ for Virtual Wallet
- $2,000+ for Virtual Wallet with Performance Spend
- $5,000+ for Virtual Wallet with Performance Select
3. Receive Your Reward
Your cash reward will be deposited to your Spend account 60-90 days after conditions have been met.
Source: PNC Bank
The free cash perk is one of the ways the banking giant is trying to expand its customer base and attract new clients.
Paying more for deposits is an effective way for banks to keep customers loyal, analysts have said.
Greg McBride, chief financial analyst for Bankrate, an independent, advertising-supported publisher and comparison service, said the bigger bonuses require a huge deposit.
Banks act as middlemen in the U.S. economy by taking deposits and making loans.
Reuters explained two years ago that banks in the United States have been “rejigging offers in an effort to keep customers’ cash parked in their accounts for longer.
“U.S. banks are trying to woo depositors by offering signing bonuses to open new accounts or deposit money on a regular basis.”
It’s part of their strategy to help customers build balances in their savings accounts, while promoting healthy savings habits.
MAKING MONEY
PNC is offering three options, and each offers a differing cash bonus maximum, ranging from $100 to $400.
Virtual Wallet
When new PNC Bank customers sign up for the Virtual Wallet checking account, which is the most popular option, they can earn $100.
To receive the bonus money, they must make $500 or more in qualifying direct deposits to their new account.
The Virtual Wallet includes the following benefits:
- Primary checking account
- Second checking account
- Long-term savings account
- Earn interest on your long-term savings account
Virtual Wallet with Performance Spend
The second checking account eligible for the PNC Bank bonus sign-up offer is the Virtual Wallet with Performance Spend.
This account offers more perks than the basic Virtual Wallet account, and new customers can earn a $200 reward by making $2,000 or more in qualifying direct deposits.
The Virtual Wallet with Performance Spend includes the following perks:
- Primary checking account
- Second checking account
- Long-term savings account
- Earn interest on your long-term savings account
- Reimbursements available for some non-PNC ATM fees
- Higher interest earning potential on your long-term savings account
Virtual Wallet with Performance Select
The third checking account option, the Virtual Wallet with Performance Select, offers the most amount of benefits and the highest sign up offer.
Under this option, new PNC Bank customers can earn $400 when they make $5,000 or more in qualifying direct deposits.
The Virtual Wallet with Performance Select includes the following benefits:
- Primary checking account
- Second checking account
- Long-term savings account
- No PNC charges for using other banks’ ATMs and increased reimbursements available on other bank’s fees
- Highest interest earning potential on your long-term savings account
- No charge for domestic wires
To qualify for a sign up bonus from PNC Bank, new customers must open an account and take advantage of the promotion by June 30.
Once they meet the direct deposit qualifications, their earned bonus payment will automatically be deposited into their account within 60 to 90 days.
