What type of bank is pnc

You can also make tap-and-go payments using Apple Pay. You are eligible for only one reward amount. The new checking account must be opened online using the application link on pnc. A qualifying direct deposit, defined as a recurring deposit of a paycheck, pension benefit, Social Security or some other regular monthly income, must be made within 60 days and your account must remain open.

Credit unions are another option, as long as you meet the membership requirements. Membership requirements are pretty lenient at some credit unions. You can also find high yield checking accounts with APYs of 1 percent and higher at certain banks if you maintain a set minimum balance and meet the requirements for that APY. How We Make Money. Karen Bennett. Written by. Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other ….

Edited By Lance Davis. Edited by. Lance Davis. Lance Davis is the senior editorial director for Bankrate. Lance leads a team responsible for creating educational content that guides people through the pivotal steps in their …. Share this page. Bankrate Logo Why you can trust Bankrate.

Bankrate Logo Editorial Integrity. Key Principles We value your trust. Bankrate Logo Insurance Disclosure. You are 62 or older. Read more From Karen. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters. You may also like Wells Fargo checking accounts. Bank of America checking accounts. Best free checking accounts in November Gilliand, however, contended that this method provided better service and, over the long run, a better bank.

Under Gilliand's leadership, PNC emphasized quality, not size. Nonetheless, this strategy also proved very conducive to growth in the changing markets of the s. PNC's chief rival in the s was the Mellon Bank. For years, Mellon controlled the large corporate accounts of Pittsburgh's many companies the city ranked third in the nation in number of corporate headquarters. As a result, PNC was forced to cater to mid-sized companies and to businesses outside of Pittsburgh.

But, when Pittsburgh's big companies experienced difficulties in the late s and s, PNC was not as exposed to the "rust belt" problems as the Mellon Bank. PNC, under Gilliand, was content to operate on a smaller scale than its rival, striving to provide all the same services with greater quality.

Banking deregulation allowed, and to some extent encouraged, mergers between banks. As the s wore on, a number of well-run banks found it in their interest to join forces with the PNC group. PNC's acquisition strategy focused on purchasing healthy banks which would add to the corporation's overall strength. A year later, it acquired the Northeastern Bancorp of Scranton, Pennsylvania. PNC's criteria for acquisitions were strict by industry standards. Close attention was also paid to whether or not the bank's management philosophy was compatible with PNC's.

In , Thomas H. O'Brien had risen quickly through the ranks of the Pittsburgh National Bank, eventually heading PNC's merchant banking activities, and finally becoming chairman and chief executive. As the top executive at PNC he continued Gilliand's bottom-up management style. O'Brien would let executives at affiliates implement their own ideas at their own bank without a great deal of interference from the top.

As a result of the autonomy PNC gave its affiliated banks, the banking group was an attractive merger partner for exactly the healthy regional banks it wished to acquire. PNC could grow, and the new affiliates could take advantage of the extended services offered by the group.

PNC became known for its friendly takeovers of already successful banks. In , the Hershey Bank joined the group. While acquisitions normally diluted the value of a corporation's stock for some time, PNC's careful planning allowed it to quickly make up for the dilution. Other banks and credit unions have lower minimums. See what banks are offering this month. Customer service representatives are available seven days a week, with extended hours on weekdays.

Support is also available via live chat and Twitter. The PNC mobile app is highly rated, earning 4. PNC doesn't charge for overdraft transfers if you link an account as a backup.

Plus, they can decide whether certain transactions should be paid or returned to avoid balances going negative, though the bank has the final say on how to handle transactions. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor one star to excellent five stars.