PNC has a good branch and ATM network. PNC has about 2,300 branches and 18,000 ATMs (some from partners) in 20 states.
Excellent BBB rating. PNC’s Better Business Bureau rating is A+, an indication of a high customer satisfaction rate.
PNC Checking and saving accounts Pros&Cons
Sign-up bonus. When you open and use a Virtual Wallet account, you can earn a signup bonus of up to $300.
Low initial deposit requirement. The minimum deposit for opening a standard checking and savings account is $25.
Monthly fees can be waived. Even though the deposit accounts come with a monthly fee, PNC offers ways to waive it.
Low interest rate on standard savings. The APY for the standard savings account is 0.01%, which is below the national average.
Overdraft fee. PNC charges an overdraft fee of $36, which is higher than average. Furthermore, it can be levied up to four times a day.
PNC Credit cards Pros&Cons
Signup bonus. Most cards come with a welcome bonus.
No annual fee. You won’t pay an annual fee for most credit cards.
Introductory APR. All cards come with a 0% intro APR on balance transfers or eligible purchases or both.
Good to excellent credit score requirement. At the minimum, you’ll need a good credit rating to qualify for PNC’s cards.
Lack of co-branded cards. If you’re looking for a co-branded credit card, you have to look elsewhere.
PNC Personal loans Pros&Cons
Competitive APR. PNC’s highest possible APR is 16.39%, which is better than what most lenders charge.
Rates discount. By setting up automatic payments, you’ll get a 0.25% discount on your APR.
No prepayment penalty. If you plan to pay off your loan early, it is good to know that you won’t be charged any fee.
Low borrowing limit. The maximum amount you can borrow is $20,000. This limit is low, considering that you can get up to $100,000 with some major lenders.
No clear requirements for credit score. PNC doesn’t state the minimum credit rating required for approval.
No home renovation loan. PNC doesn’t offer home improvement loans.
PNC Mortgage Pros&Cons
Variety of mortgage types. There is a high chance that you’ll find a mortgage option that will satisfy your needs, including conventional, government-backed and low down payment options.
$1,500 grant. If you’re a first-time home buyer and meet certain income or location requirements, you can get a cash grant of up to $1,500 to help towards closing costs, down payment or other prepaid mortgage expenses.
Online preapproval. You can get preapproved for a mortgage online. Firstly, you’ll need to provide PNC with simple information, including your Social Security number, the amount you wish to borrow and the location of the house. Secondly, you should authorize the bank to verify your assets, income, and employment digitally.
Not fully transparent. You can estimate some of your rates and fees online. However, you’ll need to apply for the loan to get the full picture.
PNC Investment Pros&Cons
Wide range of investment solutions. PNC provides multiple investment options and accounts, allowing you to pick the best path for reaching your financial goals. Alternatively, you can request an advisor’s services, who will recommend the best investment strategy at a fee.
Trading fee. Based on the trade's amount, the commission you'll be charged will be between 1.5% to 3%. This fee even applies to ETFs, which are commission-free on most brokerage services.
PNC Student loans Pros&Cons
Autopay discount. A 0.50% discount on the APR is available with autopay enabled and is competitive compared to other lenders.
Refinance available without a degree. Many lenders require you to have a degree when refinancing your student loan, which is not the case with PNC.
Hard credit check requirement. PNC will need to perform a hard credit pull to determine your eligibility and rate.
Inflexible repayment terms. PNC only offers student loans with five, 10 and 15-year periods. You can find more flexible repayment terms with other lenders.