PNC is a regional bank that operates in parts of the Northeast, South and Midwest. Its virtual wallet suite of products is intended to help people balance daily spending with short-term and long-term savings goals.
The acquisition of BBVA USA will help PNC have a presence in California, Colorado and New Mexico.
It boasts a competitive APY on its online-only savings account (only available in certain states).
PNC supports about 2,200 branches.
Provides above-average digital banking features.
At $36, its overdraft fee is higher than average.
Navigating and comparing various bank products online can be difficult.
CDs can only be opened in a physical branch.
The High Yield Savings is only available in certain states.
At PNC Bank, you will get access to nearly 2,400 branches and 18,000 ATMs — 9,000 from PNC directly and around another 9,100 from other partnerships.
You won’t have to sacrifice the digital banking experience either. There are all kinds of features designed to help you manage your money. For example, you can pay people with Zelle using the bank app. You can also find nearby ATMs using the app. If you use PNC’s Virtual Wallet, you will get a number of financial health features, including receiving warnings about “danger days,” or times when you may run out of money.
At PNC, you can also reach customer care consultants seven days a week. While they aren’t available 24/7, the hours are flexible. On weekdays, you can reach specialists from 7 a.m. until 10 p.m. Eastern. On weekends, you can reach them from 8 a.m. until 5 p.m.
About PNC Bank
Founded as Pittsburgh Trust and Savings Co., PNC Bank is one of the largest banks operating in the U.S. It offers a full suite of retail, commercial and small-business products. In 2008, it acquired the troubled Cleveland-based National City Corp. That transaction roughly doubled the bank’s size. As of 2020, PNC operates about 2,400 branches.
PNC agreed to acquire BBVA USA for $11.6 billion in November 2020. BBVA USA has 637 branches in Alabama, Arizona, California, Colorado, Florida, New Mexico and Texas.