Why is PNC charging me 25 dollars a month?
Asked by: Vernice Tremblay | Last update: April 23, 2025Score: 4.6/5 (50 votes)
The account has a Monthly Service Charge of $25, which is waived if you meet one of the following criteria: $5,000 combined average monthly balance in your Spend and up to 7 PNC Bank consumer checking accounts1 you have chosen to link (including Reserve).
Is there a 25 monthly fee for PNC?
The $25 monthly fee is waived if you meet one of these criteria: Monthly direct deposits of $5,000 a month to your Spend account. Combined $5,000 average monthly balance in the Spend account and up to seven linked PNC consumer checking accounts.
Why am I getting charged a monthly service fee?
A monthly maintenance fee (sometimes called a monthly service fee) is money a bank charges you for banking with the company. The fee is usually automatically withdrawn from your account each month. In some cases, you'll pay the fee no matter what. But many banks will waive the fee if you meet certain requirements.
How do I get rid of my monthly service fee?
- Sign up for direct deposit. ...
- Find a bank that doesn't charge monthly fees. ...
- Meet the minimum balance requirement. ...
- Open another account at the same bank. ...
- Take advantage of mobile banking. ...
- Meet the minimum debit card usage. ...
- Ask for fee forgiveness. ...
- Use ATMs in your bank's network.
What is the monthly service fee?
Banks and credit unions are allowed to charge you a monthly maintenance fee or service charge for having a savings, checking, or money market account. They must show you this fee when you open the account. The bank or credit union cannot charge you a fee that is higher than the amount you were told.
Does PNC charge a monthly fee?
What is the $25 service charge for Citizens bank?
Citizens Quest $25 monthly maintenance fee waived when you either: Make $5,000 in total deposits to your primary checking account each statement period OR. Maintain a $25,000 monthly combined deposit and investment^ balance across your linked accounts10.
What is the $25 monthly service fee for Chase?
Monthly fee: $25; to waive, meet a minimum balance requirement of $15,000 or more across linked Chase accounts at the beginning of each day or enroll the account for automatic payments to a linked qualifying Chase first mortgage or be a current U.S. Armed Forces member or veteran. Minimum opening deposit: $0.
What is the $24.95 fee for US Bank?
The monthly service fee for the US Bank Platinum Checking Account is $24.95. You can waive the monthly maintenance fee by: Having $25,000 in combined personal deposits or credit balances with US Bank. Having a personal trust relationship with US Bank Wealth Management.
Why does my bank account have a monthly fee?
Monthly fee.
This account maintenance fee is charged to keep your bank account active and your money secure. Some banks may waive the monthly fee if you keep a certain amount of money in your account at all times.
What is the $25 monthly service fee for Wells Fargo?
If your statement-ending qualifying balances drop below $20,000, you'll be charged a $25 monthly service fee while still having access to all of the personal benefits of your Wells Fargo Prime Checking account.
How do I avoid service fees on my checking account?
- Utilize free checking and savings accounts. Many banks still offer them.
- Sign up for direct deposit. ...
- Keep a minimum balance. ...
- Keep multiple accounts at your bank. ...
- Use only your bank's ATMs. ...
- Don't spend more money than you have. ...
- Sign Up for Email or Text Alerts.
How to avoid PNC monthly service charge?
Maintain a linked PNC Merchant Services® account and generate a minimum of $500 in qualifying monthly processing deposits. The PNC business checking account receiving PNC Merchant Services processing deposits is the only account eligible to avoid the monthly account maintenance fee.
Is PNC online banking free?
Online Banking is free to customers with an eligible account; however there may be a fee for certain optional services. We reserve the right to decline or revoke access to Online Banking or any of its services.
Is PNC a good bank for checking accounts?
Overview. PNC Bank stands out for its digital banking tools and offers competitive interest rates in some states. But if you don't live in those select states and are looking for the highest yields possible, consider banking elsewhere for better rates.
Why is Chase charging me $25?
Savings account fees
The monthly maintenance fee for a Chase Premier SavingsSM account is $25, which can be waived if you have either: A balance at the beginning of each day of $15,000 or more in this account.
What banks don't charge a monthly fee?
Standout benefits: Ally Bank offers no monthly maintenance or overdraft fees. You can get your paycheck up to two days early when you set up direct deposit and Ally has spending buckets to help with budgeting.
How to bypass Chase monthly service fee?
Minimum Balance: Keeping a minimum daily balance in your account is one of the most common ways to skip monthly maintenance payments. The Chase Bank minimum balance to avoid fees is from $1,500 to $75,000 in linked accounts to waive the Chase Bank monthly service fee.
How do I avoid monthly service fees at Citizens Bank?
Waive monthly maintenance fee
Make at least one deposit of any amount each monthly maintenance fee period to waive the $4.99 fee.
What bank has the highest money market account?
- Ally Bank®: Earn up to 3.80% APY.
- CFG Bank: Earn up to 4.52% APY.
- EverBank®: Earn up to 4.30% APY.
- First Internet Bank of Indiana: Earn up to 4.69% APY.
- Prime Alliance Bank: Earn up to 4.50% APY.
- Quontic Bank: Earn up to 4.75% APY.
- Redneck Bank®: Earn up to 4.40% APY.
What if my bank account is below the minimum balance?
If you don't maintain the required minimum balance, you will be liable to pay your bank a non-maintenance fee. The non-maintenance fees may differ based on branch location and other factors.
Is the PNC monthly service charge $25?
The account has a Monthly Service Charge of $25, which is waived if you meet one of the following criteria: $5,000 combined average monthly balance in your Spend and up to 7 PNC Bank consumer checking accounts1 you have chosen to link (including Reserve).
Why am I being charged a monthly service fee on my savings account?
A monthly maintenance fee, or a monthly service fee, is a fee charged by a financial institution to a customer using a checking or savings account if certain requirements aren't met. This fee is sometimes automatically withdrawn from your account.
Which bank gives 7% interest on savings accounts?
For the foreseeable future, you won't find any banks that offer 7% APY on savings accounts. However, you can find some credit unions that pay 7% or more on checking accounts. Before opening an account, take a close look at the terms and conditions to determine whether you can earn the advertised rate.