Understanding your Bill from PNC Financial Services

PNC Financial Services isn’t as big a name as other banking institutions, so it’s no surprise that many people are a bit confused about some of their fees or charges once they finally get their bill. Today, we’re going to break down the extra charges you might see on your PNC statement so you aren’t surprised next time the first rolls around.

What’s On Your PNC Financial Services Statement

PNC Financial Services allows you to open checking, savings, and money market accounts, so your statement may vary slightly depending on the account you’ve opened with them. But they should all have a detailed breakdown of your current account balance, as well as any deposits or withdrawals, located on the left-hand side. Furthermore, you will see an additional “fees” section that tells you what PNC charged you during the month.

What Are the Extra Charges You Might See?

There are lots of potential charges or fees you might experience with PNC. Let’s break them down one by one:

• Minimum deposit to open: usually $25, and incurred in order to open a checking account in the first place
• Monthly service charge: $7 or $25 depending on the type of checking account. The monthly service charge will be waived if you have $500 or $5000 in your combined monthly balances between accounts depending on the checking account you open, or if you are 62 years of age or older, or if you made $500 in qualifying monthly direct deposits to the account in question
• ATM charge: incurred for all accounts except for Performance Select. The charge is $5 for each ATM withdrawal or transaction
• Surcharge fees: these are charged to your account whenever you use the ATM of another financial institution. They are $5, but can be reimbursed if you have one of the higher tier checking accounts
• Overdraft: $36 per item. This fee is charged whenever you buy something you don’t have the money for and PNC allows the purchase to go through. Alternatively, a non-sufficient fund charge of the same amount will be incurred if the item is returned unpaid
• Overdraft balance threshold charge: $5 if the account is overdrawn, then $7 per day until the account is balanced
• Staff-assisted online banking charge: $3 each. This is incurred if you require staff assistance to make a transfer using online banking
• Early closure fee: $25. This is incurred if you close your account within 180 days of opening it
• Paper and online statements: $2 per month. This is odd because it means there’s no advantage to going online to do your banking except for speed
• Wire transfers, incoming or outgoing: between $15 and $45 depending on the country in question and whether the transaction occurred through international borders

How to Contact PNC Financial Services

PNC has a customer service page you can call on if you need to contact them to contest a fee or if you have another question we haven’t answered. A Twitter team is also available if you want a truly rapid response.