You don't need a certain credit score to open a PNC checking, savings or money market account, as there is no credit score requirement. PNC does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit. This means you can only withdraw or spend money you've deposited into the account, so your creditworthiness isn't really relevant.
To open a PNC checking, savings or money market account, you must be at least 18 years old with a valid SSN or Individual Taxpayer Identification Number. PNC does not require a minimum deposit to open an account.
Popular PNC Deposit Accounts
- PNC Virtual Wallet
- PNC Virtual Wallet with Performance Spend
- PNC Virtual Wallet with Performance Select
- PNC Virtual Wallet Student
- Standard Savings
Information PNC Could Check Before You Open a Deposit Account
While PNC doesn't require a specific credit score to open an account, they will likely check to see if you have an existing ChexSystems report. ChexSystems is like the credit reporting agencies, but for bank accounts.
If you've mishandled a bank account in the past - for example, by bouncing checks or failing to pay fees - you may have a ChexSystems report. Based on the information contained in this report, PNC may refuse to accept you as a customer.
In addition, even though there is no credit score requirement to open a PNC account, PNC may still gather your credit history from all three major credit reporting agencies as per their account disclosures. PNC may also report information regarding your account to these agencies.
Improve Your Credit With a PNC Credit Card
If you're concerned about improving your credit score or beginning to build your credit history, you could consider opening a credit card. To get a PNC credit card account you need to have anexcellent credit score. If you're unsure of where you stand, you can check your credit score (and review your credit report) for free on WalletHub.
This answer was first published on 11/28/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
FAQs
You don't need a certain credit score to open a PNC checking, savings or money market account, as there is no credit score requirement. PNC does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit.
What credit score is needed for a PNC Bank? ›
Credit Score Requirements
PNC Bank does not disclose a minimum credit score requirement, but it looks for borrowers with a history of on-time payments on their loans. We recommend a score of at least 670 to increase your chances of approval.
Is it hard to get a PNC Bank account? ›
Opening a bank account online with PNC Bank is simple and straightforward. With a range of account options to choose from, it's easy to find a solution that meets your needs.
Is it easy to get approved for a PNC credit card? ›
Yes, it is hard to get a PNC Bank credit card because all PNC Bank credit cards require excellent credit for approval. Unless your credit score is 750 or higher and you have a lot of income, it will be difficult for you to get approved for a PNC Bank credit card.
What are the requirements for a PNC Bank account? ›
Typically, you'll need to provide:
- A U.S. government-issued photo ID.
- Personal information, such as Social Security number, date of birth, and U.S. residential address.
- Funds for a deposit (some banks do not require this)
PNC does offer personal loans for bad credit as its minimum credit score requirement is not disclosed, but does consider bad credit. To qualify for a personal loan from PNC with bad credit, you will also need to be at least 18 years old, have a valid bank account and have enough income to make monthly payments.
Does PNC Bank do a credit check to open a checking account? ›
You don't need a certain credit score to open a PNC checking, savings or money market account, as there is no credit score requirement. PNC does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit.
How long does PNC take to approve? ›
After you apply, you'll get a decision within a few days. If approved, you can go to a branch to sign your loan documents and immediately receive your funds. Allow additional time if you choose to request your loan documents by mail.
Which bank approves credit card easily? ›
The Discover it® Secured Credit Card is our top pick for easiest credit card to get because it's geared toward those with limited/poor credit. It offers great rewards and charges a $0 annual fee. Plus, Discover will conduct monthly account reviews after seven months to see if you qualify to get your deposit refunded.
Does PNC give high credit limits? ›
Cards that require excellent credit, like PNC's usually have an average credit limit of $8,200. The exact range is not publicly disclosed by the issuer. It will depend on your credit history, income and debts. Even if you won't get approved with such high amounts, you can work your way up in time.
Alyssa is a MarketWatch Guides team editor covering personal finance, insurance and loans. Our PNC Bank review gives the company 4.1 out of 5 stars overall based on its high customer satisfaction scores, accessibility and great mobile app.
Is PNC a second chance bank? ›
Bill pay and mobile deposit: PNC Second Chance Checking customers can avail PNC's bill pay service to conveniently manage their monthly expenses. They can also deposit checks using the mobile deposit feature, eliminating the need to visit the bank in person.
Why is PNC charging me $7 a month? ›
The Spend account charges a $7 monthly service fee, but there are ways that you can avoid the fee. To avoid the fee, you must meet one of the following three requirements: Keep an average minimum monthly balance of at least $500 combined in your accounts. Have monthly direct deposits of $500 or more.
What is the credit rating for PNC Bank? ›
PNC Bank, N.A.
| Credit | Moody's | DBRS |
|---|
| Long-term deposits | Aa3 | AA (low) |
| Short-term deposits | P-1 | R-1 (middle) |
| Short-term notes | P-1 | R-1 (middle) |
| LT Counterparty Risk Assessment | A1 | - |
4 more rowsPNC Bank mainly uses Experian for credit card approval. TransUnion is also used as a secondary resource, if needed. Just note that regardless of the credit bureau(s) the issuer chooses to use, you will always see a hard pull on your credit report after you apply.
Is it hard to get a loan from PNC? ›
It is not difficult to get a personal loan from PNC because they are known to lend to people with bad credit scores, though they do not disclose an exact minimum score. Other PNC personal loan requirements include being at least 18 years old, having an SSN/ITIN, and having enough income to afford monthly loan payments.
