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PNC Bank usually gives out $100 bonus for their new banking customers. The latest promotion ended on June 14, 2008 which offered $100 checking account bonus to PNC new customers with qualified direct deposit. Yesterday, PNC Bank launched a new checking account bonus offer. According to the promotion page, you can get $100 bonus when you open a new PNC checking account with qualifying direct deposit. This promotion ends on July 19, 2008.

The minimum amount of direct deposit is $500. If you can split your direct deposit from your employer, you can choose to make $500 to the new PNC checking account. However, according to my “Use ING and PayPal to Make Direct Deposit” post, PNC counts the transfer from PayPal as direct deposit. However, this time they make a specific requirement about the direct deposit:

The payout of $100 will be credited to the qualifying account within 7 days of the first Direct Deposit, which must occur before 9/30/08. The payout will be identified as “Direct Deposit Reward” on your monthly statement. A qualifying Direct Deposit is defined as a Direct Deposit of a paycheck, pension, Social Security or other regular monthly income electronically deposited into a Free, Performance or Performance Select Checking account. The minimum amount of any single Direct Deposit must be at least $500. The Direct Deposits must be made by an employer or an outside agency. Transfers from one account to another or deposits made at a branch or ATM do not qualify as Direct Deposits. Offer available to new PNC Bank Checking account customers only.

Although PNC Bank requires the direct deposit from your paycheck, pension, social security or other regular incomes, some one reported that they used PayPal to make direct deposit and the $100 bonus was honored. There are three different checking accounts that you can choose from. Free Checking Account, Performance Checking Account, and Performance Select Checking Account. I strongly suggest you open the free checking account which doesn’t have monthly service fees and minimum balance requirement. The minimum initial deposit is $25.This checking account features:

• No minimum balance and no monthly service charge
• PNC Security Assurance
• Free PNC Bank Visa^® Check Card
• Free Visa Extras Rewards Program when you enroll your check card
• Free Online Banking and Bill Pay
• Ovedraft protection and AutoAlerts

This time, they also offer $100 checking account bonus for new business checking account customers. This $100 bonus seems to be easy to get. All you have to do is open a business checking account and then sign up online banking. Usually, to open a business checking account, you have to own a business. At least, the banker requires you to present some business documents.

There is no hard pull during the account opening process. Offer expires on July 19, 2008.

PNC Financial Services is a U.S.-based financial services corporation, with assets of $92.0 billion. PNC is America’s 11th largest bank by deposits and is the third largest bank off-premise ATM provider in the country.