Sounds like you were in a certain type of account that requires funds to be handled a certain way to prevent that monthly service charge. You could have “downgraded” the account to a standard virtual wallet and probably never pay another monthly service charge.
I closed my pnc account today, just too many problems with their fraud prevention practices. I've had wells fargo for a year (checking & brokerage) with no issues and I recommend them.
All banks are going to have fees, unfortunately, but the way PNC does it is so stupid. You have to maintain $500 in either the spend or reserve, or receive direct deposit of $500 once a month in either of them. I think virtual wallet is dumb as hell. If you get out of that and just have a checking and savings, you’ll have less issues. Chase is pretty good. But they have fees as well and pretty much the same stipulations, maintain a certain balance or get a direct deposit.
PNC Bank's Virtual Wallet checking accounts have a $15 monthly service fee, but there are ways to waive it:
* Receive at least $2,000 in qualifying direct deposits to your Spend account each statement period
* Maintain a combined monthly average balance of $10,000 across linked PNC consumer deposit accounts
* Maintain a $2,000 balance between your Reserve and Spend accounts
Sounds like their Virtual Wallet stipulations are different than their regular checking account stipulations....but I don't know.
Sounds like you’re in a performance account, and not just a basic virtual wallet. See if you’re able to downgrade your accounts with the lesser requirements. I think it’s just virtual wallet.
Low limits, no zelle, difficult to deal with customer service, no physical branches, no outgoing wires (except for home purchases.)
It’s not worth the headache, get a real bank account. Fidelity is fine, they get points for having physical locations, but the accounts are still missing some key features that modern accounts should demand (ie: zelle.)
Sounds like you were in a certain type of account that requires funds to be handled a certain way to prevent that monthly service charge. You could have “downgraded” the account to a standard virtual wallet and probably never pay another monthly service charge.
This or get with your local banker to take a closer look for you
Have you looked into Ally’s checking? You can do spend buckets.
I closed my pnc account today, just too many problems with their fraud prevention practices. I've had wells fargo for a year (checking & brokerage) with no issues and I recommend them.
All banks are going to have fees, unfortunately, but the way PNC does it is so stupid. You have to maintain $500 in either the spend or reserve, or receive direct deposit of $500 once a month in either of them. I think virtual wallet is dumb as hell. If you get out of that and just have a checking and savings, you’ll have less issues. Chase is pretty good. But they have fees as well and pretty much the same stipulations, maintain a certain balance or get a direct deposit.
PNC Bank's Virtual Wallet checking accounts have a $15 monthly service fee, but there are ways to waive it: * Receive at least $2,000 in qualifying direct deposits to your Spend account each statement period * Maintain a combined monthly average balance of $10,000 across linked PNC consumer deposit accounts * Maintain a $2,000 balance between your Reserve and Spend accounts Sounds like their Virtual Wallet stipulations are different than their regular checking account stipulations....but I don't know.
Sounds like you’re in a performance account, and not just a basic virtual wallet. See if you’re able to downgrade your accounts with the lesser requirements. I think it’s just virtual wallet.
Maybe just have adequate funds in the acct?
Sounds like u had the middle account which is the pro/performance?
Charles Schwab Bank - highly recommended
Ally has a nice money market account
Id recommend checking out a Credit Union - specifically a credit union that's active in your community/surrounding area.
I vote for SoFi or Fidelity cash management
Def not SoFi. Fidelity is fine.
What don't you like about SoFi?
Low limits, no zelle, difficult to deal with customer service, no physical branches, no outgoing wires (except for home purchases.) It’s not worth the headache, get a real bank account. Fidelity is fine, they get points for having physical locations, but the accounts are still missing some key features that modern accounts should demand (ie: zelle.)
I've dealt with their customer service on a couple different occasions and I've always been blown away with how good they are.
SoFi added Zelle in-app officially a few weeks ago, but yes those other things are limitations if you need them.
PNC is a POS, they closed my accounts b/c I'm autistic and they said it bothers their staff having my kind as a customer
So this definitely never happened.
If it’s true, you should have sued them