Virtual Wallet with Performance Spend is an interest-bearing account from PNC Bank. Open the account online with no minimum deposit or with $25 at a branch. You can avoid the $15 monthly service fee in three ways: $2,000 or more in spend and/or reserve accounts; $10,000 combined average monthly balance across PNC Bank consumer deposit accounts; or $2,000 in qualifying direct deposits.
Other options include: Virtual Wallet, which does not earn interest but comes with a $7 monthly service charge that can be waived and Virtual Wallet with Performance Select, which offers interest and includes additional perks and a $25 monthly service charge that can also be waived.
The checking interest rate is lower than what’s offered by other financial institutions.
Customers are charged $36 for each overdraft, up to $144 per day.