You don't need a certain credit score to open a PNC checking, savings or money market account, as there is no credit score requirement. PNC does not require a credit score for these accounts because they are deposit accounts, not loans or lines of credit. This means you can only withdraw or spend money you've deposited into the account, so your creditworthiness isn't really relevant.
To open a PNC checking, savings or money market account, you must be at least 18 years old with a valid SSN or Individual Taxpayer Identification Number. PNC does not require a minimum deposit to open an account.
Popular PNC Deposit Accounts
- PNC Virtual Wallet
- PNC Virtual Wallet with Performance Spend
- PNC Virtual Wallet with Performance Select
- PNC Virtual Wallet Student
- Standard Savings
Information PNC Could Check Before You Open a Deposit Account
While PNC doesn't require a specific credit score to open an account, they will likely check to see if you have an existing ChexSystems report. ChexSystems is like the credit reporting agencies, but for bank accounts.
If you've mishandled a bank account in the past - for example, by bouncing checks or failing to pay fees - you may have a ChexSystems report. Based on the information contained in this report, PNC may refuse to accept you as a customer.
In addition, even though there is no credit score requirement to open a PNC account, PNC may still gather your credit history from all three major credit reporting agencies as per their account disclosures. PNC may also report information regarding your account to these agencies.
Improve Your Credit With a PNC Credit Card
If you're concerned about improving your credit score or beginning to build your credit history, you could consider opening a credit card. To get a PNC credit card account you need to have anexcellent credit score. If you're unsure of where you stand, you can check your credit score (and review your credit report) for free on WalletHub.
This answer was first published on 11/28/23. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
