If this is your first time charged an overdraft fee, just call the PNC Bank customer service phone number If it is not the first time, you will need to negotiate with customer service. PNC maintains that there was nothing wrong about the posting process used by RBC and that no laws were violated. Many or all of the products featured here are from our partners who compensate us. If you don't have Acrobat Reader, click here for more information. The plaintiff alleges that he was charged two overdraft fees by the bank on December 10, 2019 for transactions that, as evidenced by his monthly account statement, never caused his balance to dip below zero. A proposed class action lawsuit has been filed against PNC Financial Services Group, Inc. over allegations that the bank has assessed unlawful overdraft fees, particularly for transactions that have not overdrawn a customer’s account. Our opinions are our own.NerdWallet's compound interest calculator will show you how much your savings and investments can grow over time. These cookies do not store any personal information.Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Please help us keep our site clean and safe by following ourWhat happens when you overdraw your PNC checking account? We'll assume you're ok with this, but you can opt-out if you wish. A single $36 overdraft fee is almost 10 coffee shop lattes — a considerable amount … That amount is subject to interest.PNC allows a $5 margin of error. The standard PNC checking account has an ATM withdraw limit of $500.PNC Bank will charge you a fee of $36 each time they pay an overdraft. A Settlement has been reached in a class action lawsuit claiming that RBC Bank (USA) improperly posted Debit Card Transactions from highest to lowest dollar amount to increase the number of Overdraft Fees charged to Account holders (“High-to-Low Posting”). PNC Bank: The bank is waiving or refunding several deposit account fees, including overdraft fees. PNC Bank, commonly known as Personal Banking, is an online bank that involves PNC checking, credit card and auto loan services for users to bank easily from home. It is the 5th largest bank by number of branches, 6th largest by deposits, and 4th largest in number of ATMs.Headquarters: 300, Fifth Avenue The Tower at PNC Plaza Pittsburgh, PA 15222, United States.Get early access to the perks of banking with Cheese.Oops!

TheDrizzle77 Veteran. What if you spent more money than what you have in your debit card? The plaintiff in the case claims he was charged several $36 overdraft fees by PNC even though his account had sufficient funds to cover the transactions at issue.According to the lawsuit, PNC has violated its agreements with accountholders by engaging in the “deceptive, unfair, and unconscionable” practice of assessing “crushing” overdraft fees on transactions that fail to actually overdraw a customer’s account. The Settlement Class includes all holders of an RBC Account who, from October 10, 2007 through and including March 1, 2012, incurred one or more Overdraft Fees as a result of RBC’s High-to-Low Posting. (“PNC”), successor in interest to RBC when the two banks merged. PNC automatically links your Virtual Wallet “Spend” checking account to your “Reserve” short-term savings account for overdraft purposes.The Spend account is also linked to your “Growth” long-term savings account, which serves as a secondary overdraft account in case neither Spend nor Reserve has enough to cover an item.Reserve and Growth accounts don’t have either Overdraft Coverage or Overdraft Protection.Jeanne Lee is former personal finance writer for NerdWallet. To avoid PNC Bank’s high overdraft fees, keep a register of your debit card spending, electronic payments and other transactions to know how much is coming out of your account and when. If you want to add or cancel the Overdraft Coverage, just let the bank know.Are there debit cards that do not have any overdraft fee? Cheese Debit Card is an innovative debit card with zero fee, and you can earn saving bonus and cashback on every purchase.

It is time consuming and might make you exhausted. PNC is ranked 9th on the list of largest banks in the United States by assets. That markup is significantly higher than what a typical credit card would charge in … Further still, the lawsuit alleges that although PNC has promised to use its own discretion in permitting or denying overdraft transactions, the bank almost always allows potential account-overdrawing transactions to proceed. These cookies will be stored in your browser only with your consent. HSBC: HSBC may waive both overdraft and returned check fees if customers call. Whether it pays or declines, these fees and maximums apply: A $36 overdraft fee if it pays or a $36 returned item fee if it declines. She previously wrote for Fortune and Money magazines.Best High-Yield Online Savings Accounts of August 2020NerdWallet strives to keep its information accurate and up to date.