If you’re trying to balance your student and financial life, PNC Bank Virtual Wallet Student may be a great bank account for you. This account offers features and tools to make banking one less thing to worry about during stressful times.
If you’re interested in exploring other student checking accounts, be sure to check out our compiled lists of Best Student Checking Accounts. This handpicked list showcases the best student checking accounts available to you – such as the Chase Student Checking Account below.
 • Enjoy $100 as a new Chase checking customer when you open a Chase College CheckingSM account and complete 10 qualifying transactions within 60 days of coupon enrollment. • $0 Monthly Service Fee while in school up to the graduation date provided at account opening (five years maximum) for students 17-24 years old. • Wire funds internationally using the Chase Mobile® app or chase.com. Send money to recipients around the world with multiple currency options. Fees apply. • Keep track of your money with confidence and control in the Chase Mobile® app. The Chase Mobile app helps you bank securely and conveniently from anywhere. • With Zelle®, you can send and receive money with people and businesses you know and trust who have an eligible account at a participating U.S. bank. • With Fraud Monitoring, Chase may notify you of unusual debit card purchases and with Zero Liability Protection you won't be held responsible for unauthorized debit card purchases when reported promptly. • JPMorgan Chase Bank, N.A. Member FDIC *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Requirements
- Proof of active student status. High school and college students can apply. Unique features and benefits may be available at your specified school.
- Minimum opening deposit: $25 ($0 if you open an account online).
- Parent co-owner, if you’re younger than 18.
Pros
- No Monthly Maintenance Fee or Minimum Balance: Although a common feature in student accounts, it’s still a great benefit worth noting.
- 3 Accounts In 1: Opening an account with PNC Bank actually gives you 3 accounts in 1. The Spend account is your everyday checking account. The Reserve is for short term savings with little interest. Your Growth account is for long term saving with notably higher rates.
- Online/Mobile Banking: Have access to your account 24/7 through online or mobile banking. Deposit checks, transfer money, or pay for bills as well.
- Non PNC Bank ATM Reimbursement: If you ever have to use a non affiliated ATM, PNC will reimburse your ATM fee 2 times per billing cycle.
- Overdraft Courtesy Refund: PNC Bank will refund any overdraft item or returned item fees for your first NSF (Non-Sufficient Funds) event in the first 12 months after you open your account.
Additionally, they’ll automatically refund any overdraft items under $5 throughout the entire day.
- Calendar: A hub to view monthly bill payments for organization.
- Spending Zone: Check out all your expenditures and their categories to find out what you spend most of your money in.
- 1 Free Incoming Wire Transfer: If mom or dad sends you money monthly, the fee usually charged by banks will be waived by PNC Bank (up to 1 time per monthly cycle).
Fees
- Monthly Maintenance: $0 – With proof of being a student
- Non-PNC Bank ATM (domestic): $3 per transaction
- Non-PNC Bank ATM (international): $5 per transaction plus 3% upcharge
- Debit Card Foreign Transaction: 3%
- Overdraft/NSF: $36 – Per paid or returned item, max 4 items per business day.
- Continuous Overdraft Fee: $7 if account is in red for 5 consecutive days.
- Overdraft Protection: $0
- Replacement Card: $7.50/$25 – Normal/Expedited Delivery
- Early Closure: $25 – if account is closed within 180 days of opening
Cons
- Overdraft Fees: Expect hefty overdraft fees with PNC Bank. $36 per transaction up to 4 times a day.
Conclusion
Opening a PNC Bank Virtual Wallet Student account will give access to not 1, but 3 different accounts – Spending, Reserve, and Growth – each with their own purpose. From a students perspective, this bank is great for learning how to balance student and financial life.
You’ll have access to approximately 9,000 PNC Bank ATMs, and remote control of your financial information 24/7 online or via mobile.
Just be careful for overdraft fees – even though they are forgiving at first, they’ll easily put a bigger dent in your wallet if left unnoticed.
