Virtual Wallet Student has no minimum balance requirement or monthly service charge for active students for six years from the date of account opening. You may be asked to provide proof of active enrollment in a qualifying educational institution. At the end of the six years, your account will be converted to Virtual Wallet and subject to the Virtual Wallet Features and Fees in effect at that time. If you transfer this account to a different product or account type during the first six years, you will forfeit the benefits of the Virtual Wallet Student account and will not be able to transfer back to the Virtual Wallet Student account. In the event that a customer does not qualify for a Virtual Wallet Student, they may be offered a Standard Savings or PNC Foundation Checking Account. Please note, PNC Foundation Checking includes a $5 monthly service fee.
Money Matters:
A Student’s Guide to a Bright Financial Future
Benefits of Starting Early
PNC in partnership with EVERFI is committed to providing students the right financial education to help them develop practical money management skills that they can apply in the real world.
To put this education into practice, we recommend taking the next step by opening a bank account while in high school. Reasons to consider opening a bank account:
- Establish basic financial skills, including how to budget, make ATM withdrawals, and use a debit or banking card.
- Ability to conveniently direct deposit checks for a summer or part-time job.
- Develop accountability with a parent or guardian co-signer who has the ability to monitor account activity.
What We Offer
PNC offers banking solutions to support teens from high school and beyond.
Checking & Savings
PNC's Virtual Wallet Student® is a combined checking and savings account
designed for students age 14 and older.
Benefits
Open a new Virtual Wallet Student and get the following benefits:
- A PNC Bank Visa® Debit Card with optional customization for military, sports teams, universities and more. Explore Custom Debit Cards
- Spend and Reserve checking with a Growth Savings account all together.
- No monthly service charge for six years.[1]
- One automatic courtesy refund of any Overdraft Item fees associated with the first overdraft event on your spend account.[2]
- Free Mobile[3] and Online Banking[4] to manage your money how and when you want.
- Students and parents can sign up to receive account alerts when balances are low.
Benefits of Banking with PNC
Convenient Locations
Take advantage of more than 2,300 locations and approximately 60,000 PNC and Partner ATMs coast to coast.[5]
Low Cash Mode®[6]
Low Cash Mode in the PNC mobile app helps you avoid overdraft fees and take control when your balance gets low or negative.
Zelle®[7]
Zelle in the PNC Mobile App allows you to quickly send and receive money from people you know and trust.
Standard Savings
Ready to jump start good saving habits? A PNC Standard Savings Account
makes it easy and convenient to start saving.
Benefits
Open a new Standard Savings Account with the following benefits:
- No monthly service fee or minimum balance if you are under 18 years old.
- No ATM fees at PNC ATMs.
- Unlimited deposits and up to 6 withdrawals per month.[8]
- Auto Savings tool that allows you to establish a recurring savings routine.
- FDIC insured to the maximum permitted by law.
Get Started
PNC makes it easy.
Ages 14-17
Schedule an appointment in a branch to apply with a parent or guardian 18 or older as a cosigner.
Ages 18+
Schedule an appointment in a branch to apply. A parent or guardian cosigner is not required, but many students still choose to have one.
Know What Information Is Needed
For U.S. Citizens and/or Resident Aliens
Applicants will need their Social Security number and a valid driver’s license, student ID with photograph, or a state or military ID for verification. Some younger teens won’t have IDs yet, and that’s okay. PNC will use the cosigner’s ID.
For Non-U.S. Persons
A valid passport with photograph is required, in addition to a second form of ID. We will also need a photocopy of your passport.