It will also reimburse up to $5 in ATM surcharges imposed by other financial institutions each billing cycle. However, PNC will reimburse the first two domestic or international ATM fees it charges in each statement period. PNC’s fee is $5 for using ATMs in other countries. If you use your debit card at an ATM in the US, Canada, Puerto Rico or the US Virgin Islands that’s not operated by PNC or Allpoint, PNC imposes a $3 fee. You can also complete ATM transactions at most PNC ATMs by using the PNC smartphone app instead of your debit card. PNC’s ATM network and feesPNC Virtual Wallet Student Checking account comes with a debit card you can use for free at any of the 3,600 ATMs in PNC’s network or any of the 55,000 ATMs in the nationwide Allpoint network. This account includes check-writing abilities, but checks aren’t free. PNC charges a $25 fee if you close the account within 180 days of opening it and it charges $7.50 to replace your debit card if your kid loses it. Although PNC Virtual Wallet Student Checking comes with two interest-bearing savings accounts, you’ll only earn 0.03% APY in each of them. After six years, the account will automatically convert into PNC’s standard Virtual Wallet account, which has a $25 monthly fee that you can only avoid if you keep at least $500 in your Spend and Reserve account or deposit at least $500 a month. PNC has nearly 2,300 branches, but they’re only in 23 states. There are also a few drawbacks associated with PNC Virtual Wallet Student Checking that you should consider before opening an account. This feature helps you avoid overdraft charges by giving you 24 hours to bring your balance back to $0. PNC waives your first overdraft fee and will reimburse two out-of-network ATM fees per month. There’s no fee for up to six years as long as you’re minimum 14 years old and remain enrolled in high school or college. Here are the primary benefits associated with the Virtual Wallet Student Checking account from PNC. What are the benefits of PNC Virtual Wallet Student Checking account? Provide the following information when opening your account. All international money transfer services.Overdrawing an account, maintaining a negative available balance for any period of time, and returning transactions as unpaid may have other consequences, including account closure or negative impacts to your ability to obtain financial services including loans, deposit accounts, and other services at PNC and other institutions. Before choosing to return an item, you should consider rules the payee may have or actions the payee may take on late/returned payments. PNC is not responsible for satisfying any obligations between you and the payee or any other party with respect to an item you decide to return. You may still have an obligation to pay the payee for goods, services or other products. When you choose to return an item that has been presented to PNC for payment, we will return the item to the payee’s bank for insufficient funds, and the payee will not receive payment from PNC. Debit card transactions do not qualify for Payment Control. Payment Control applies to certain individual checks, and payments made using your routing and checking account numbers (ACH transactions). If you have a Virtual Wallet product with a Spend only, you can set up Overdraft Protection. Please note that Overdraft Protection is not available for your Reserve and Growth accounts. If you have a Virtual Wallet product with Spend, Reserve and Growth, you do not need to sign up for Overdraft Protection. With Virtual Wallet, if you overdraw your Spend account, PNC will transfer available funds from your Reserve and/or Growth accounts to cover your transaction. When there's an insufficient available balance in your checking account to pay for any item, funds, if available, are transferred from the protecting account to cover your purchases. A PNC savings account or money market deposit account.Set up Overdraft Protection to link your checking account with up to two other eligible PNC accounts (called your Protecting Accounts) so that you can use available funds to cover overdrafts.
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