Understanding Hidden Fees in Your PNC Statement

If you’ve been charged hidden fees by PNC, you may be able to claim compensation.

PNC Bank is a bank holding company that offers a wide range of financial services in 28 states. Founded in 1983, individuals and small businesses can use PNC Bank for checking accounts, savings accounts, and more.

Still, there might be times when you see a fraudulent PNC account open in your name or when you look at your monthly statement and see hidden fees that shouldn’t be there. Understanding what types of service charges apply to checking and savings accounts with PNC Bank can help prepare you for unexpected fees in your monthly statement. It also helps you recognize when something isn’t right and when you need to contact PNC customer service.

PNC Fees

PNC has a range of potential fees for all checking, savings, and money market accounts.

Opening and using an account

When you open a new account, there’s a minimum amount you have to invest, depending on the type of account. They’re after there’s a monthly service fee just for using that account. The premier money market account has a service fee of $12, while the standard savings account only has a monthly service fee of $5. The performance select checking account from PNC Bank has a $25 monthly service fee, while the interest checking account has a $13 service fee.

Debit cards and ATM transactions

No matter which type of account you have, there are also fees associated with debit cards and ATM transactions. If you need a card replacement, you can expect a $7.50 hidden fee on your next statement. If you need it delivered immediately, it’s an additional $25 fee. When you use a non-PNC Bank, you get charged $3 for every ATM transaction or balance inquiry. If you use a non-PNC Bank ATM in a foreign country, that jumps to $5 every time you check your account, make a deposit, or withdraw money. Certain accounts offer reimbursement for the first few non-PNC Bank ATM fees every month but not all of them. In addition to this, you might get hit with an ATM fee from the owner or operator of the third-party ATM, not just the PNC fee.

Other fees include debit card cash advance fees which can get a $3 charge. If you need an international purchase or cash advance, it’s 3% of the total amount.

Overdraft services

Overdrop services are another category of potential charges. Anytime something is overdrawn, it’s $36 for every item. You can be charged a maximum of four times per day. If your account is overdrawn by $5 or less, they will still charge you $5.

Other fees

They charge you $2 per month if you need a spare statement. If you want a copy of a statement with a check on it, it’s $3 each. Getting an ATM statement can be $2.50. If there is a seizure or a lien against your account, PNC will charge you $100 for the legal process, and they might add fees for attorneys and court costs. Collection items face a $25 fee on your bank statement.

Incoming International wire transfers are $15 each, but outgoing is $45 each. Outgoing domestic can be up to $30 each time. Some of the different checking and savings accounts also have $10 charges for cashier’s checks.

What Can I Do If I Find Incorrect Fees on My PNC Statement?

If you find any correct fees on your PNC statement, reach out to PNC customer service. Give them the opportunity to fix the problem. However, sometimes it can be difficult to get someone who has the authority to fix the problem or to get a resolution that you like. So if customer service isn’t helping, you still have two options:

The first is to sue PNC in small claims court. Small claims court is an option in your user agreement. If you have the time to regularly go back and forth to the court and the money to file the appropriate paperwork, and the confidence to meet all of the appropriate guidelines and go to your court hearing, this might be a good option for you. Be advised that there are State limits on what type of compensation you can get and which cases qualify, so you have to check that out.

The second is to use consumer arbitration. Consumer arbitration is usually a much faster, easier way to pursue compensation for your problems. There are fewer restrictions, so it’s more likely that your case will qualify.

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