You've Got One Month Left to Earn This Bank Account Bonus Worth Up to $400

Switching bank accounts can be a hassle, and sometimes, you need a little help getting motivated. Banks understand this, and that's why many of them have begun to offer bank account bonuses to new customers who complete certain qualifying activities.

Some of these bonuses can be pretty substantial. Here's a closer look at one worth $400 that's set to expire on Sept. 3, 2024.

PNC Virtual Wallet customers can earn up to $400

PNC Bank is currently offering new PNC Virtual Wallet customers a bonus worth up to $400. If you don't know, Virtual Wallet is a checking and savings account you open together.

There are three tiers -- Virtual Wallet, Virtual Wallet with Performance Spend, and Virtual Wallet with Performance Select. The tiers vary in features and monthly surcharges.

Our Picks for the Best High-Yield Savings Accounts of 2024

Product	APY	Min. to Earn
American Express® High Yield Savings Member FDIC. APY 3.80% Rate info 3.80% annual percentage yield as of January 10, 2025. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. Member FDIC.	3.80% Rate info 3.80% annual percentage yield as of January 10, 2025. Terms apply.	$0	Open Account for American Express® High Yield Savings On American Express's Secure Website.
Capital One 360 Performance Savings Member FDIC. APY 3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. Member FDIC.	3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.	$0	Open Account for Capital One 360 Performance Savings On Capital One's Secure Website.
Western Alliance Bank High-Yield Savings Premier Member FDIC. APY 4.40% Rate info The annual percentage yield (APY) is accurate as of Jan. 2, 2025, and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Min. to earn $500 to open, $0.01 for max APY Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website. Member FDIC.	4.40% Rate info The annual percentage yield (APY) is accurate as of Jan. 2, 2025, and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.	$500 to open, $0.01 for max APY	Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website.

To qualify for the bonus, you must do the following:

• Open a new Virtual Wallet account (any tier) by Sept. 3, 2024 from this page.
• Receive a certain amount of qualifying direct deposits within 60 days of account opening:
  • $500 for Virtual Wallet customers
  • $2,000 for Virtual Wallet with Performance Spend customers
  • $5,000 for Virtual Wallet with Performance Select customers

Credit card cash advance transfers, wire transfers, person-to-person transfers, transfers from one bank account to another, and deposits made at a physical PNC Bank location or ATM do not count as qualifying direct deposits.

Those who meet the requirements will receive their bonus within 60 to 90 days. It will be identified as Credits Check Reward on your monthly bank statement. The amount you'll get depends on the account tier you choose:

• Virtual Wallet: $100
• Virtual Wallet with Performance Spend: $200
• Virtual Wallet with Performance Select: $400

You must keep your account open during the 60- to 90-day window after completing the qualifying activities in order to receive the bonus.

This offer isn't available to those with existing PNC Bank checking accounts or those who have closed one within the last 90 days. You also do not qualify if you've received a PNC Bank promotional premium in the last 24 months.

Is it worth it?

The PNC Virtual Wallet offer is tempting because it offers quite a bit of money and the requirements aren't too difficult to achieve, especially at the base tier. But whether you think you can qualify for the bonus isn't the most important factor to consider.

Remember, you'll have the bank account long after the bonus period ends. So unless you want to go through the hassle of closing it and switching to a new bank again, you ought to make sure you're happy with what it has to offer.

PNC Bank has a large network of brick-and-mortar banks if you prefer to do your banking in person. But it also charges account maintenance fees and its savings accounts don't offer the high APYs that online savings accounts do.

If you don't think the PNC Virtual Wallet account is a good fit for you, consider exploring some high-yield savings accounts instead. These pay you every month for keeping your cash there. Your rate isn't guaranteed and it could fall over time. But with the best rates around 5.00% APY right now, you could earn a lot more than the PNC Virtual Wallet bonus, depending on your balance.