PNC vs. Chase Bank: Which Is Right for You? - SmartAsset (2024)

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PNC vs. Chase Bank: Which Is Right for You? - SmartAsset? ›

The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.

The difference between the two is that PNC offers various banking tools, waivable monthly fees and opportunities for interest boosts, while Chase offers greater branch accessibility, sign-up bonuses and specifically tailored account options.

The biggest drawback of a PNC Bank savings account is the interest rate. The rates are typical of what most traditional banks pay, but they're well below what you could earn at an online bank.

Chase is one of the biggest banks in the nation with more than 4,700 branches and over 16,000 ATMs. They offer a variety of banking, loans and investing services. While PNC Bank has 2,600 branches in 28 states mostly on the East.

PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors' accounts up to the insured amount at most commercial banks and savings associations.

There's no minimum deposit requirement to open a Spend account online. The account also comes with a free debit card and access to PNC's fee-free ATM network. Unlike some banks, PNC does charge a fee for out-of-network ATM use, although it waives the first two fee charges per statement cycle.

PNC is best for consumers who want to find one bank for all of their financial accounts and who live or work near a local branch. It's also a good option if you live in a state that has access to its high-yield savings account.

We demand PNC Bank sell off these loans, investments, and bond issuances to nuclear arms producers and make a binding commitment never to invest in weapons of mass destruction. Our campaign is a broad-based coalition of concerned partners, both within the Pittsburgh area and from across the nation.

What bank owns PNC? ›

The 1983 merger of Provident National Corporation and Pittsburgh National Corporation to form PNC Financial Services brought together two highly-regarded banks, not just for their business philosophy, but also for their support of their regional culture.

Chase ranked second in the 2022 J.D. Power U.S. National Banking Satisfaction Study. Chase has a good basic checking account but its savings rates are low, and some fees are high and hard to avoid.

We have businesses engaged in retail banking, including residential mortgage, corporate and institutional banking, and asset management, providing many of our products and services nationally.

The bank is considered to be quite secure and stable as it has been around for many years. It is also a member of the Federal Deposit Insurance (FDIC) which can provide those who bank with PNC an extra level of security and insurance coverage.

Virtual Wallet with Performance Spend

Make $2,000 in direct deposits to your Spend account each monthly statement period. Keep an average monthly balance of $2,000 in checking and/or Reserve accounts.

PNC personal loans have low APRs, ranging from 5.99% - 32.24%, based on applicants' creditworthiness. While you might be able to find a lower minimum rate from other lenders, PNC's maximum is one of the lowest around. That means even people who just barely qualify for a loan will still get a good rate.

Among these banks were Silvergate Bank, Silicon Valley Bank, and Signature Bank, which collapsed in March 2023 Additionally, undercapitalization, loan quality, and losses on investment securities are common reasons why banks may fail.

What is the best bank to not get scammed? ›

Chase Bank is ideal if for those who: Want a variety of deposit, lending, and investment options from one financial services company. Are able to maintain the minimum daily balance or complete qualifying activities to waive fees. Want to earn valuable rewards or cash back from their credit card purchases.

Chase Bank Customer Reviews

Chase Bank is rated 4.0 out of 5.0 stars by independent customer review site Trustpilot, based on over 4,600 reviews. Many of the positive reviews mention the cashback rewards as a reason for signing up and lots of reviews reveal how the round-up feature helps them to save.

In October 2010, Chase was named in two lawsuits alleging manipulation of the silver market. The suits allege that by managing giant positions in silver futures and options, the banks influenced the prices of silver on the New York Stock Exchange's Comex Exchange since early 2008.

What Are PNC Bank Checking Account Fees? The PNC Standard Checking Account fee is $7 monthly, but the fee can be up to $25 depending on the checking account type.

Of the top 10 banks in the U.S. by deposits, only one of them (Wells Fargo) provide actual second chance checking accounts. Three other banks (Chase, PNC Bank, BB&T) offer prepaid debit card accounts in lieu of second chance checking accounts.

Virtual Wallet already includes Overdraft Protection along with the calendar's "Danger Days" indicator, which warns customers of days when they might be at risk of an account overdraw. Last year, Virtual Wallet Student was introduced to help college students and their parents with money management.

That's why since the day that the PNC acquisition of BBVA USA was announced, PNC has been working to help keep BBVA account holders informed to help ensure that any future changes happen seamlessly.

PNC is the product of a merger of two distinguished Pennsylvania banks in 1983: Pittsburgh National Corporation and Provident National Corporation based in Philadelphia. Each of these institutions had served diverse markets so that merger creating PNC also became the largest bank in Pennsylvania.

What banks do the 1% use? ›

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania.

1982 - Price Waterhouse World Firm forms. 1990 - Coopers & Lybrand merges with Deloitte Haskins & Sells in a number of countries around the world. 1998 - Price Waterhouse and Coopers & Lybrand merge to create PricewaterhouseCoopers.

PNC Bank bought BBVA Bank. But the changeover for some customers last month was rougher than anything expected. Two customers tell The Watchdog that they lost access to either their money or their bank financial history.

We're proud to serve millions of people with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing.

Some experts suggest you should have four bank accounts -- two checking and two savings. You'll use one checking account to pay bills and the other for spending money. One savings account will be dedicated to your emergency fund and the other to miscellaneous goals.

With 4,000 more ATM locations than Wells Fargo, reduced fees and a wider variety of welcome bonuses, Chase is a better option for most customers. Chase is also the clear winner for military personnel, offering waived fees on checking accounts and ATM withdrawals for active-duty service members and veterans.

Move Money in the Moment With Zelle

Log into your PNC Mobile App and select Send Money with Zelle^®. If you do not have the PNC Mobile App, you can download the mobile app for your Apple or Android mobile device. Then, follow the instructions to enroll with your U.S. mobile number or email address.

What are PNC Bank beliefs? ›

PNC is one of the largest diversified financial services institutions in the United States. Get details about our organization, from our executives and employees to financial highlights and our community impact. We have been recognized nationally for our accomplishments and success.

Based on the latest financial disclosure, PNC Financial Services has a Probability Of Bankruptcy of 47.0%.

U.S. government securities–such as Treasury notes, bills, and bonds–have historically been considered extremely safe because the U.S. government has never defaulted on its debt. Like CDs, Treasury securities typically pay interest at higher rates than savings accounts do, although it depends on the security's duration.

An account packed with fees

The Spend account charges a $7 monthly service fee, but there are ways that you can avoid the fee. To avoid the fee, you must meet one of the following three requirements: Keep an average minimum monthly balance of at least $500 combined in your accounts.

The Standard Checking Account has an ATM withdrawal limit of $500 with a relatively high daily debit purchase limit of $7,000. If you need higher limits, PNC's Performance Checking and Performance Select Checking Accounts both have a limit of $1,500 for ATM withdrawals and a debit purchase limit of $9,500.

Additional account fees PNC Virtual Wallet with Performance Spend. The Reserve and Growth accounts do not have opening deposits or Monthly Service Fees. Cash withdrawals at non-PNC ATMs in the U.S. cost $3 per withdrawal, while cash withdrawals at non-PNC ATMs outside the U.S. cost $5 per withdrawal.

Providing an Inclusive Banking Experience

For non-English-speaking customers, PNC provides a wide range of services such as live interpretation and translation services, bilingual employees in many retail branches, and translated webpages and educational resources.

Chase ranked second in the 2022 J.D. Power U.S. National Banking Satisfaction Study. Chase has a good basic checking account but its savings rates are low, and some fees are high and hard to avoid.

How stable is PNC? ›

The bank is considered to be quite secure and stable as it has been around for many years. It is also a member of the Federal Deposit Insurance (FDIC) which can provide those who bank with PNC an extra level of security and insurance coverage.

1. JPMorgan Chase. Chase Bank is the consumer banking division of JPMorgan Chase. It currently has more than 4,700 branches and more than 16,000 ATMs.

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world.

The integration of BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, with that of PNC and PNC Bank may be more difficult to achieve than anticipated or have unanticipated adverse results relating to BBVA USA Bancshares, Inc., including its U.S. banking subsidiary, BBVA USA, or our existing ...

Choose Chase if:

You seek lower fees for some services. You have less to deposit initially for checking and savings. You want a lower limit on the daily balance requirement to waive the monthly savings account fee.