PITTSBURGH-PNC Bank has indicated it plans to stop offering free checking sometime in the next 12 months. In its place, the bank said it will begin offering two new accounts, a standard checking account and a virtual wallet, both of which will require a minimum balance and other options to remain free.
Processing Content
"This is part of our long-term strategy to remain financially strong and invest more in technology and the services that enable customers to bank when and where they want," PNC Bank said in a statement.
It added that the new account requirements will not affect nine out of ten customers, whose balances exceed the new minimum requirement.
