With branches across the country and a highly rated mobile app, Pittsburgh-based PNC Bank offers competitive business checking accounts for small business owners. Below, you’ll find an overview of PNC’s business checking options and the pros and cons of each account.

Account details are accurate as of April 30, 2024.

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Account Basics

PNC Business Checking offers a variety of different account options for small businesses with different needs. Below is a rundown of each account.

Business Checking

The PNC Business Checking account is a basic account, perfect for small business owners who conduct a modest number of transactions each month. It offers 150 free transactions and up to $5,000 in free cash deposits per month.

This account requires a minimum $100 opening deposit and has a monthly maintenance fee of $12 after the first three statement cycles. However, you can avoid the monthly maintenance fee by meeting any of these three conditions:

  • Maintain a $500 average monthly balance
  • Spend $500 on eligible purchases with a PNC business credit card
  • Link a PNC merchant services account and receive at least $500 in qualifying monthly deposits

This account comes with a debit card, fee-free transactions at any PNC Bank ATM, cash-back offers and PNC’s money management tool, Cash Flow Insight. Often, customers can find PNC Bank welcome bonuses for those who open an account and meet specific qualifications.

Business Checking Plus

The PNC Business Checking Plus accounts are best for small businesses that conduct a higher number of monthly transactions. This account allows 500 free transactions and up to $10,000 in free cash deposits per month.

The Business Checking Plus account requires a minimum $100 opening deposit and a monthly maintenance fee of $22 after the first three statement cycles. Like the Business Checking account, you can get the monthly fee waived by meeting one of the following requirements:

  • Maintain a $5,000 average monthly balance
  • Spend $5,000 on eligible purchases with a PNC business credit card
  • Link a PNC merchant services account and receive at least $5,000 in qualifying monthly deposits
  • Maintain a $20,000 balance between a linked PNC business checking account and business money market account

The Business Plus account also comes with all of the features included in the Business Checking account.

Treasury Enterprise Plan

The PNC Treasury Enterprise Plan isn’t an account. It’s a package that includes Analysis Business Checking plus a choice between two investment options—the Premium Business Money Market account and the MMDA Sweep account.

The Treasury Enterprise Plan offers 2,500 free transactions and $50,000 worth of free cash deposits per month. Like the Analysis Business Checking, this plan allows small business owners to consolidate fees, balances and bookkeeping.

Account holders can add four beneficiary checking accounts without added monthly maintenance fees. There’s a $10 monthly fee per additional account beyond four.

This account requires an opening deposit of $100 and a $50 monthly maintenance fee after the first three statement cycles. Account holders can get fees waived by maintaining a $30,000 minimum balance in their combined accounts.

Analysis Business Checking

PNC Analysis Business Checking accounts are best for business owners who need multiple checking accounts and want to pay for the services they actually use.

This account earns credit on the deposit balance to help offset account fees. There’s a $100 deposit required to open the account, plus a $25 monthly maintenance fee. On top of that, there are added fees based on the services and features your business uses and fees to upgrade your online banking features.

This account allows you to link multiple business checking accounts to make bookkeeping easier. It also comes with a no-annual-fee Visa Business credit card.

Other PNC Business Checking Accounts

In addition to these primary accounts, there are a few other niche PNC business checking accounts, including:

  • Business Interest Checking
  • Interest On Lawyers Trust Account (IOLTA)
  • MMDA Sweep

Other PNC Business Banking Products and Services

PNC offers additional business financial products aside from its business checking accounts. The bank has five business credit cards to choose from, each with its own fees and rewards program. PNC Merchant products come with tools for both online and in-person sales, plus 24/7 support. Small business loans and unsecured and secured lines of credit are also available.

Access on the Go

PNC business checking accounts make the most sense for business owners who live near a branch. PNC branches are limited to 29 states—primarily in the Eastern U.S. and Washington, D.C.

You can also bank online and by using PNC’s highly-rated mobile app. The app lets you manage your accounts, deposit checks, use ATMs card-free, pay with your mobile wallet and more.

Of course, you can call customer service any day of the week for business banking support at 877-BUS-BNKG (877-287-2654).

Pros

  • In-person banking if you live near a branch
  • Receive a cash sign-up bonus for meeting certain requirements
  • High transaction and cash deposit limits
  • Highly rated mobile app

Cons

  • Monthly maintenance fees
  • Minimum opening deposit requirements
  • No savings account offered

How PNC Business Checking Stacks Up

PNC Bank offers a range of accounts and services that can support a variety of small business owners. It’s best for customers who want to bank in person—or who want to have that option. But that doesn’t mean PNC lacks mobile access. The highly rated app offers useful features for business banking on the go. But for those willing to sacrifice in-branch banking in favor of lower fees, you might have better luck with an online bank.

Since most PNC business checking accounts have monthly maintenance fees, customers should make sure they qualify to get these fees waived.

If you’re looking for an account that offers high transaction and cash deposit limits—and you qualify to receive the cash sign-on bonus—PNC business checking might make sense for you.

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Frequently Asked Questions (FAQs)

How to open a PNC business checking account?

You can start your application over the phone or online, but you’ll need to meet with a banker on a video call to finish setting up your account. To start the process online, you’ll need your business’s Tax Identification Number and a valid email address. To finish setting up your account on video call, you’ll need to verify a government-issued photo ID, a secondary form of ID and documentation of your business registration.

Where are PNC bank branches?

PNC has branches in 29 U.S. states plus Washington, D.C. Branches are concentrated in the Midwest, Northeast and Southeast.

Does PNC offer business savings?

PNC doesn’t offer a standard business savings account, but you can earn interest on extra cash by opening an interest-bearing account. PNC offers a Premium Business Money Market account, an MMDA Sweep Account and certificates of deposit (CDs).