What you need to open a PNC savings account

PNC requires a government-issued photo ID, your Social Security number, and an initial deposit to open a savings account. The minimum opening deposit is $25 for most savings accounts, though some accounts require more. You will also need a current mailing address and a phone number.

If you are opening an account online, PNC will verify your identity through their digital process, which typically takes a few minutes. If you open in person at a branch, bring your ID and the documents listed above. PNC accepts driver's licenses, passports, and state ID cards as photo identification.

Key Takeaways

  • You can open a PNC savings account online, by phone, or in person at a branch, and the process takes between a few minutes and one business day depending on your method.
  • PNC requires a government-issued photo ID, your Social Security number, and a minimum deposit of $25 to start most savings accounts.
  • Online account opening is the fastest route and does not require a branch visit, though you will need to verify your identity through PNC's digital system.
  • PNC savings accounts earn interest, but the rate varies by account type and changes regularly, so check PNC's website for current rates before you open.

Opening an account online through PNC's website

Go to PNC's website and select "Open an Account" from the main menu. Choose the savings account type you want—PNC offers several, including a basic savings account and higher-yield options. The website will walk you through entering your personal information: name, date of birth, address, phone number, and Social Security number.

PNC will ask you to verify your identity online. This usually means answering security questions based on your credit history or confirming recent transactions. Once you pass verification, you will choose how to fund the account. You can link an existing bank account and transfer money, or use a debit card. The account opens when ready, and you can start using it the same day.

Opening an account by phone

Call PNC at 1-800-762-4000 to open a savings account over the phone. A representative will ask for your ID number, Social Security number, address, and phone number. They will verify your identity by asking security questions, similar to the online process.

Over the phone, you will need to arrange your initial deposit. PNC can transfer money from another bank account you own, or you can mail a check. If you transfer from another account, the deposit usually arrives within one to two business days. The account opens once your identity is verified, even if the deposit has not yet arrived.

Opening an account in person at a PNC branch

Visit any PNC branch with your government-issued photo ID, Social Security number, and initial deposit. Bring a check, debit card, or be prepared to transfer funds from another account. A branch representative will complete the account opening process, which typically takes 15 to 30 minutes.

In-person opening is useful if you prefer to speak with someone directly or if you want to deposit cash when ready. The account opens the same day, and you will receive a debit card and checks by mail within one to two weeks. You can start using the account right away through PNC's mobile app or online banking, even before your physical debit card arrives.

What happens after you open the account

Once your account is open, PNC will send you login credentials for online and mobile banking. You can check your balance, transfer money, and set up automatic transfers or bill pay when ready. Your debit card will arrive by mail within 7 to 10 business days.

PNC savings accounts earn interest, which is deposited monthly. The interest rate varies depending on which savings account you chose and changes based on market conditions. Check your account statements or log into PNC online banking to see your current rate and interest earned. If you maintain a minimum balance, some PNC savings accounts waive monthly maintenance fees.

Choosing between PNC's savings account options

PNC offers several savings account types with different features and interest rates. A basic savings account has a low minimum opening deposit and is straightforward, but the interest rate is typically lower. PNC's higher-yield savings accounts pay more interest but may require a larger minimum balance or have other conditions.

Before you open, visit PNC's website or call a branch to compare current rates and features. The interest rate you see today may change, so ask what the rate was three months ago to understand whether it is stable or moving. Some accounts offer higher rates if you set up automatic monthly transfers or maintain a certain balance.

If you already have a PNC checking account

If you bank with PNC already, opening a savings account is faster. Log into your existing online banking account and select "Open a New Account." PNC will use the information you already provided, so you will not need to re-enter your Social Security number or verify your identity again. The new account opens within minutes.

Linking a savings account to an existing PNC checking account makes transfers between them when ready and free. You can move money between accounts anytime through online banking or the mobile app, which is useful if you want to keep savings separate but accessible.

Frequently Asked Questions

Can I open a PNC savings account without going to a branch?

Yes. You can open online at PNC's website or by phone at 1-800-762-4000. Both methods take 15 to 30 minutes and do not require a branch visit. Online opening is usually fastest because your account opens when ready after identity verification.

What is the minimum deposit to open a PNC savings account?

Most PNC savings accounts require a $25 minimum opening deposit. Some higher-yield accounts may require more. Check the specific account details on PNC's website before you open to confirm the minimum for the account type you want.

How long does it take to open a PNC savings account?

Online opening takes 5 to 15 minutes. Phone opening takes 15 to 30 minutes. In-person opening at a branch takes 15 to 30 minutes. Your account is usable when ready, though your debit card arrives by mail within 7 to 10 business days.

Do I need a PNC checking account to open a savings account?

No. You can open a PNC savings account without having a checking account with PNC. However, if you already have a PNC checking account, the process is faster because PNC already has your information on file.

What interest rate will I earn on a PNC savings account?

Interest rates vary by account type and change regularly. Check PNC's website or call a branch for current rates before you open. Rates are typically higher for accounts with larger minimum balances or automatic monthly transfers.