![]() ![]() ![]() Other banks we considered Chase Total Checking account Deposits in Reserve and Growth earn interest, although the APYs are minimal (less than 1%) for balances of less than $100,000.Ĭaveats: While the opportunity to earn interest is a perk, you do have to make sure your money is in the correct bucket to be eligible, which could be a chore. When you open a Virtual Wallet, you have the option of adding one or two savings buckets called Reserve and Growth, which is basically like having a separate savings account (or two) without additional monthly fees or minimums. This account is flexible in terms of its structure, offering a checking-savings hybrid designed to incentivize people to establish and work toward long-term goals. With a footprint of nearly 2,700 locations, it should be easy to find a bank, or a fee-free ATM. banks (Chase, Wells Fargo and Bank of America) that have more domestic branches than PNC does. If you want to bank in person, this account might be a good pick for you: There are only three other U.S. You won’t have to pay it if you’re 62 years or older, if you keep at least $500 in the account, or if you have monthly direct deposits of $500 or more. Why we picked it: While PNC’s Virtual Wallet doesn’t totally eschew fees, the ones it does have are lower than those of many other big banks, and it’s not hard to get the $7 monthly maintenance fee waived.
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