Virtual wallet by pnc11/18/2023 In 2009, PNC also launched a Virtual Wallet mobile App for the iPhone and iPod touch. The Spending Zone tracking overview, reimbursement request feature and e-mail alerts to parents are among the features to give parents peace of mind by helping students help themselves as they transition to financial independence. Last year, Virtual Wallet Student was introduced to help college students and their parents with money management. 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. If there are additional overdrafts on the same business day, those items will be paid or returned with no. You may see a maximum of one Overdraft fee per business day. New customers can also qualify for a cash. PNC customers with a Virtual Wallet Spend account: You won’t be charged a Returned Item fee (also known as Non-Sufficient Funds or NSF) for an item that is returned unpaid. New alerts include "$pendometer," which tracks dollars like an odometer tracks miles - monitoring total spending over a chosen timeline, and "Threshold Amount" - which flags overspending on a single transaction or the total for a day/week/month. Our quick take: The PNC Virtual Wallet offers a combination of online checking and savings accounts with no minimum deposit required to get started. * More Alerts to Avoid Mistakes and Fees: New alerts help customers keep track of their debit and credit card usage with e-mail and text messages while adding security, e.g., notification when the card is used for online purchases or overseas. Transactions will appear on the calendar function with a "payment due" reminder. With some Virtual Wallet products, you may choose to have a Spend account only. The card balance, available credit and monthly spending history will appear together. This Agreement covers the accounts that comprise your Virtual Wallet product. * Credit Card Tracking: Customers can now add eligible PNC credit cards to Virtual Wallet so they can see a complete picture of this spending in one place. Graphical indicators and opt-in alerts keep them informed about spending and help stick to their budgets, e.g., a yellow icon shows when the budget is close to being overspent and a burst shows it was overspent. * Budgeting and Smart Spending: Customers can consolidate their spending methods (e.g., debit card, credit card, online bill payments, etc.) and create budgets for their spending categories (e.g., education, groceries and entertainment) - all in one view. Highlights of the enhancements, many of which are based on feedback from customers through the Virtual Wallet blog and Twitter account, include: The new functions and features, which became available this week for both existing and new Virtual Wallet customers, expand the offering beyond the original Generation Y segment to other tech-savvy consumers with broader financial needs. Virtual Wallet has averaged more than 3,500 account openings per week this year and has earned numerous awards for design, technology and innovation. Unlike any other personal finance service or bank product, it uniquely combines a "Spend" function for everyday banking and bill pay, a "Reserve" account for short-term savings and overdraft protection plus a high-yield "Growth" account. Virtual Wallet is a money management tool for tech-savvy consumers with no monthly service charge or minimum balance. "Since Virtual Wallet was introduced in 2008, we have used input from our customers to make innovative enhancements for real-time information and resources to help them avoid financial mistakes and achieve their financial goals." I do like being able to use any ATM for free."People want more control over their money and Virtual Wallet can help them take charge of their finances," said Thomas Kunz, director of payments and e-business for PNC. I haven't converted my money account so I can't comment on that. No complaints but I am hesitant to use them for all my banking due to lack of a local branch. Now I use it as a back up for banking too. I started using SoFi for its nearly free robo investing service. You can use it to send people checks too which is nice. I have been using it for a long time without a problem. Now I have it set to auto deposit $1 to the savings like one a month. Virtual Wallet ®, a best-in-class bank account and money management solution, is supported by powerful, patented digital tools that help customers plan and track spending. I think they fined me once for lack of savings transactions. PNC has served those purposes well for 10+ years. I like having a bank with a local branch for things like free notaries, free cashier's checks if needed or for a rare need to withdraw a large sum on short notice.
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