Sara Routhier

Sr. Director of Content

Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

Sr. Director of Content

Joel Ohman

Founder, CFP®

Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

Founder, CFP®

UPDATED: Oct 4, 2022

Advertiser Disclosure

Advertiser Disclosure: We strive to help you make confident loan decisions. Comparison shopping should be easy. We are not affiliated with any one loan provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about loans. Our goal is to be an objective, third-party resource for everything loan related. We update our site regularly, and all content is reviewed by experts.


  • PNC is the seventh-largest bank in the United States
  • Customers get a checking, savings, and growth account through the Virtual Wallet when they sign up
  • PNC also offers CDs

PNC Bank was founded in 1852 as the Pittsburgh National Bank under chairman James E. Laughlin of Jones and Laughlin. In this PNC review, learn how the financial giant grew from its Wood Street headquarters in Pittsburgh — the street it remains on today.

PNC has more than nine million customers across its subsidiaries and products, which span over 2,000 branches in 20 states in the Midwest, Mid-Atlantic, and Southeast. In addition to standard bank accounts, PNC offers a variety of loan services that you can find from a local list of branches.

Keep reading to learn all about its products and services and how they may fit into your life.

If you’re looking for a loan, use our free tool to find a loan provider near you. Enter your ZIP code to get started.

What does PNC offer?

Like many large financial companies, PNC has several products and services available to its customers. These include checkings and savings accounts, Certificates of Deposits, credits cards, and loans.

PNC Bank has a unique account setup called the Virtual Wallet, and this is two savings accounts and a spending account wrapped into one. With this account, you must have a minimum balance of $25. However, if you opened an account online, the $7 low-balance fee may be waived.

The Virtual Wallet’s savings account accrues interest for long- and short-term savings goals. The amount may vary depending on when you live and any rules on our account.

PNC’s CDs are built to build your money over various terms. PNC bank terms can be from 30 days to 10 years, depending on what you choose and how you open your CD. (Online accounts are limited to max three-year terms.)

PNC’s CDs require a minimum of $1,000 in the account; balances of $1,000 to $25,000 earn a rate of 0.02%.

Other products from PNC bank:

  • Purchase mortgages
  • Refinance mortgages
  • Home equity loans
  • Auto loans
  • Personal loans
  • Student loans
  • Student loan refinancing
  • Individual Retirement Accounts (IRAs)
  • and more

PNC may not be the right choice for everyone. Keep reading this PNC bank review to see how you would fit as a customer.

Apply for a Loan

Enter your ZIP code below to view lenders with cheap loan rates.

secured lock Secured with SHA-256 Encryption

Who is PNC Bank best for?

Since PNC has a plethora of services available to customers, there are many groups that you can fit into. If you’re looking for an easy-access checkings/savings account or you’re looking to consolidate your student loans, PNC may be right for you.

PNC could also be good for:

  • Those looking for an all-in-one bank for all financial services
  • Those looking for both a brick-and-mortar location and accessible ATMs

What does that mean for you? Keep reading to learn more about the pros and cons of PNC.

Pros and Cons of PNC

PNC holds its own in the financial world. Across the third-party creditor ratings, PNC received high marks.

  • For long-term deposits, Moody’s rated PNC a P-1, and S&P’s gave an A-1
  • Short-term deposits received the same ratings

Customers have also given the company decent praise for being flexible and accessible. The Better Business Bureau offers PNC an A+.

In 2020, the Consumer Financial Protection Bureau reported more than 300 PNC bank loan reviews relating to mortgage loans — the bureau looked into all the complaints.


In addition to good ratings, PNC is known for its wide variety of services, which we discussed above. PNC private client reviews reveal that the bank is also reliable on its ATM reimbursement fees.

As PNC isn’t nationwide, there’s a chance its customers may encounter non-network ATM fees. These charges are reimbursed or dropped depending on your account.


The most common complaint regarding PNC bank accounts is that it’s hard to open just one account. PNC offers a bundle of checkings and savings varieties, and customers have reported several hoops to jump to avoid having more than one account.

However, its savings earnings aren’t very high, and amounts vary based on region. Its short-term savings account earns 0.05% APY lower than the national average. Also, PNC allows up to four $36 overdraft fees per day.

PNC Bank: The Bottom Line

PNC is a generally well-received bank that serves nearly half the nation’s states. It’s known for its user-friendly online system and its ATM accessibility.

But there are perks and pitfalls to nearly every banking situation. It’s best to speak directly to an account manager about your financial details. Enter your ZIP code to find affordable loans near you.