Beware of banking with PNC Bank! Allow me to illustrate my point. Let's say that you do not use internet banking and you keep an old fashion checkbook at home. You know that on the 15th you have an automated withdrawl of $50 and on the 13th you have an automated deposit of $50. Today is the 11th and you have $100 in your account. On the 12th you make a purchase of $75 so your balance is $25, right? Wrong! If your automated withdrawl came in as a pending transaction today, according to the bank, you have only $50, but you don't know this, so your purchase overdrafts your account and you get charged a $34-$36 overdraft fee. Now when your $50 automated withdrawl actually shifts from 'pending' to 'posted', even though they already counted that money as unavailable, you are charged with another overdraft fee. The story doesn't end there. Now your deposit clears and because of the overdrafts, your balance is now -$93. Your deposit clears and your account is -$43. Because you do not use internet banking, you are not aware of the problem until your statement arrives 10 days later.By then they have charged you $7 PER DAY that your account was negative. That's another -$70. Now your balance is -$113. So what does that mean?
$34-$36 per overdraft
$34-$36 per pending transaction that is moved to posted if it posts under a negative balance
$7 per day that the balance is negative (like your computer/internet breaks and you are unaware of a negative balance)
Good luck!
Oh and they will only refund an overdraft fee once in a while, so don't make the same mistake twice!
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