![]() ![]() You get to set your own account balance amount, but anything above and beyond that amount gets automatically transferred into an interest earning account. Sweep Accounts : If you have a substantial balance in your account and your expenses are consistently lower than your balance, you may want to open a sweep account. This is a great option if you know you won’t have any large business expenses coming up, why not earn higher interest if your money is going to be sitting in the account anyway? Money Market Account : This account offers customers the potential to earn interest on their account balances. Instead they offer three different ways in which customers can save money, under their Savings & Liquidity Management program. Unlike the majority of other business banking options, PNC Bank doesn’t have traditional business savings accounts. And if you can put that money into one of their savings options, you’ll be able to make an even larger bonus with that money. The best part about all of PNC’s business checking accounts is that customers can get a $200 bonus for opening up a new account. Like the other accounts, you only need a $100 minimum opening deposit, but the monthly fee is $50 unless you maintain a balance of $30,000 in combined accounts. However, this plan is intended to be used by larger businesses with higher cash deposit amounts and larger transaction needs. There’s also a fourth option, the Treasury Enterprise Plan. The ability to earn money from your deposits can help cover or reduce the cost of the monthly fee. Maintain a combined balance of $20,000 in qualifying linked accounts. ![]() Utilize PNC Merchant Services for at least $5,000 in deposits or Make $5,000 worth of purchases on a business credit card or Utilize PNC Merchant Services for at least $500 in deposits. Make $500 worth of purchases on a business credit card or All accounts except for the simplest option, PNC Business Checking, also include free use of non-PNC ATMs. All PNC business accounts include online banking, online bill pay, mobile banking, free Visa business debit cards and free use of PNC ATMs. There are three primary business checking accounts to choose from at PNC. It also operates in the District of Columbia. PNC operates in a total of 19 states, mostly in the east coast and Midwest. PNC Bank might not be one of the most popular national banks, but it’s the 8 th largest bank in the country in terms of its total assets. ![]()
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