PNC Bank Business Checking Accounts Review

Account Features

PNC Bank offers several more business checking account options than most other banks. The Business Checking account is the basic account for small businesses that don't do a large volume of business each month. The Business Checking Plus is the next step up for medium-sized businesses and the Treasury Enterprise account is the best fit for larger companies. There's also the Analysis Business Checking account which enables you to link multiple PNC business checking accounts together, but there are no free monthly transactions, so it's not a good choice if you're doing a large volume of transactions each month.

There's also specialty business checking accounts for nonprofits, Interest On Lawyers Trust Accounts (IOLTA), and more. If you're interested in one of these accounts, you must reach out to a PNC Bank representative for assistance in setting it up.

All PNC business checking accounts include free online and mobile banking, so you can view your balance, pay bills, review your transaction history, and move money around between your PNC Bank accounts from anywhere. You also receive a PNC Bank debit card for accessing funds. If you're willing to pay an extra $10 per month, you can also enjoy PNC Bank's Cash Flow Insight tools, which help you monitor your spending, budget for future expenses, and more.

PNC Bank is also currently running a special where you'll earn $200 if you open a business checking account by June 30, 2019, maintain a minimum $5,000 balance for the first three statement cycles and make at least 20 qualifying PNC debit card purchases during that time.

Fees and Restrictions

All PNC business checking accounts require a minimum $100 deposit to open the account, but you'll need a higher balance than that to avoid monthly service charges. For the Business Checking account, you need a $500 average monthly balance or you must use a PNC Bank credit card to make $500 in eligible purchases or use a PNC Bank Merchant Services account to accept $500 in deposits. Requirements for the Business Checking Plus account are similar except the minimum is $5,000, not $500. You may also qualify for a waived service fee if you maintain an average $20,000 balance in linked PNC business checking or money market accounts.

The Analysis Business Checking and Treasury Enterprise accounts are a bit more complicated. There's no way around the $20 monthly service fee for the Analysis Business Checking account and you'll also pay an account fee, which may be offset or reduced by a monthly earnings credit, though the company's website doesn't share much information on either of these. The Treasury Enterprise checking accounts also have a monthly account fee and earnings credit, along with a $50 monthly service fee, which is waived if you maintain an average of $30,000 in your PNC Bank business checking accounts.

The Business Checking account allows for 150 free transactions per month, the Business Checking Plus gives you 500 free transactions per month and the Treasury Enterprise account has 2,500 free transactions per month. You must pay a per-transaction fee for all transactions with the Analysis Business Checking account. Each account also limits how much cash you can deposit per month. The limits are $5,000, $10,000 and $50,000 for the Business Checking, Business Checking Plus and Treasury Enterprise accounts, respectively.

Unlike many other business checking accounts, PNC's accounts don't allow for any free wire transfers per month. They also don't charge for return item and overdraft services, which is not unusual, though some of PNC's competitors offer one free return item or overdraft fee forgiveness per month.

Account Management and Support

You can manage your PNC Bank business checking account online or from the company's mobile app. If you pay the extra $10 per month, you'll also get access to its analytics tools to help you better track and manage your money.

If you need assistance, you can reach out to PNC Bank by phone or email or head to the branch location nearest you. You can also try contacting the company via their social media channels, including Facebook, Twitter and Instagram. Voice banking and automated account information are available 24/7 but you'll have to contact the company during business hours if you need to speak to a live person, though there are agents available at some point every day, including weekends.

Reputation and Financials

PNC Bank earned an A2 from Moody's and an A from Standard & Poor's, indicating that the company is doing well financially and is able to comfortably meet its obligations to customers. These ratings are fairly high compared to some of the other banks offering business checking accounts.

The company also earned largely positive reviews from customers. It has a 7.7 out of 10 score on Trustpilot and an A- from the Better Business Bureau (BBB). Like all large banks, there have been quite a few complaints filed against PNC Bank with the Consumer Financial Protection Bureau (CFPB) but few of these have to do with checking accounts. Overall, it appears that most customers are happy with the quality of service they receive from PNC Bank.