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PNC Bank Checking $100 Promotion

One of the first bank accounts I had, after the credit union I joined because my parents had an account there, was at a PNC Bank in Pittsburgh, PA. PNC Bank traces it’s roots back to Pittsburgh, as it’s the product of a merger in 1983 between Pittsburgh National Corporation and Provident National Corporation, both of which can use PNC as an acronym! Anyway, enough with the history, the promotion I’m writing about today involves their checking account.

PNC Bank is offering a $100 promotion [3] if satisfy a few conditions associated with opening up a checking account (promo code appears to be PS008):

Once you satisfy those terms, you’ll get a deposit of $100 labeled “Cash Trans Promo Reward” and likely issued a 1099 next year, which is customary. You can open an account online or you can have them email you a coupon. You can then take that coupon with you to the bank to open an account and still get the bonus.

The promotion ends March 31st, 2012.

Here is the fine print:

2 New personal checking account must be opened online between 1/20/12 and 3/31/12. To qualify for the $100 reward, a PNC Bank Visa┬« Check Card must be issued to you, a qualifying Direct Deposit totaling at least $750 must be received, and at least 10 purchases made with your Check Card must post to your checking account within 60 days of account opening. Your checking account must remain open in order for you to receive the $100 reward, which will be credited to the eligible account within 60 days after all conditions have been met and will be identified as “Cash Trans Promo Reward” on your monthly statement. A qualifying Direct Deposit is defined as a recurring Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited by an employer or an outside agency into a Performance or Performance Select Checking Account, or the Spend Account of a Virtual Wallet┬« with Performance Spend. The total amount of all qualifying Direct Deposits credited to your checking account must be at least $750. Credit card cash advance transfers, transfers from one account to another or deposits made at a branch or ATM do not qualify as Qualifying Direct Deposits. Offer only available to new PNC Bank checking account customers who open the Eligible Account using the online application. New account will not be eligible for offer if any signer has signing authority on an existing PNC Bank consumer checking account or has closed an account within the past 90 days. If multiple accounts are opened with the same signers, only one account will be eligible for the premium. For this offer, signing authority will be defined by the customer name(s) and social security number(s) registered on the account. Offer only available to residents of DC, DE, FL, GA, IL, IN, KY, MD, MI, MO, NJ, OH, PA, VA and WI. Offer may be extended, modified or discontinued at any time and may vary by market. This is an online offer that is not available through the branch.