PNC Bank review

PNC Bank holds a bank licence, and its legal entity is PNC Bank, National Association. That is a different setup from Skrill, which is listed as e money, and from AXI Card, which works under EU DGS up to EUR 100,000. Bank licences are the minority category here, 27.5% of listed brands.

Deposits sit under FDIC up to USD 250,000, published against the bank's FDIC record FDIC cert 6384. The scheme named is a US scheme, so it covers balances held in the US rather than the euro accounts covered by EU DGS up to EUR 100,000 or EU DGS up to EUR 100,000.

The legal entity is PNC Bank, National Association, headquartered in the United States, and the group dates to 1845. That history is a reason readers weigh it against newer e-money providers such as Skrill, listed as e money.

Monthly fees in this category run €0 to €348.65, and 91.7% of brands across the site charge none. PNC sits in the bank category, which is 27.5% of the brands listed, so its peer group includes e-money accounts.

Across the site the conversion fee runs 0% to 7%, with a typical level of 0.5%. In this everyday account ranking the range is 0% to 3.99%, so readers spending abroad should read the rate before using the account.

US customers who want a bank licence and deposits covered at FDIC up to USD 250,000, with a provider based in the United States. It also suits readers who weight the safety of the money over holding many currencies, since listed providers run up to 350 currencies.

Not for euro balances. AXI Card lists EU DGS up to EUR 100,000 and XTB lists EU DGS up to EUR 100,000, so both name a euro scheme where PNC names FDIC up to USD 250,000. Skrill is a different model again, e money rather than a bank.

PNC Bank is a bank provider under FDIC cert 6384, so its everyday account sits with bank accounts rather than the e-money and payment institution groups, 39.1% and 33.3% of brands on the site. Most listed accounts are easy access, 76.7%.