PNC Bank Services at Penn State University: A Comprehensive Guide

PNC Bank and The Pennsylvania State University (PSU) have established a partnership to provide financial services to students, faculty, and staff. This collaboration aims to streamline banking processes and offer convenient access to financial resources for the Penn State community. PNC Bank serves as the exclusive financial services provider in conjunction with the Penn State id+ Card Office, which issues the university's official campus identification cards.

Integration with Penn State id+ Card

PNC Bank simplifies banking by allowing Penn State id+ Card holders to use their existing campus card for banking transactions. The id+ Card is used for various campus-related activities, including entering residence halls, accessing library materials, and utilizing meal plans. By integrating banking functionality into the id+ Card, PNC Bank offers a unified and convenient solution for the Penn State community.

ATM Network Expansion

PNC Bank is committed to enhancing accessibility to its services by expanding its ATM network on Penn State campuses. As part of the agreement, PNC Bank will install ATMs on 11 Penn State campuses. The University Park campus will receive four additional ATMs, bringing the total number of PNC Bank ATMs on that campus to 10. This expansion ensures that students, faculty, and staff have convenient access to cash and other banking services throughout the university system.

On-Campus Customer Service

To provide personalized support and assistance, PNC Bank operates a customer service area within the Penn State id+ Card Office on the University Park campus. This on-site service center enables students, faculty, and staff to open accounts, ask questions, link their id+ cards to PNC Bank accounts, and obtain personal identification numbers (PINs) for their cards. The presence of a dedicated customer service area demonstrates PNC Bank's commitment to providing accessible and responsive support to the Penn State community.

Student Banking Solutions: The PSU Student Plan

Since October 2001, PNC Bank has offered The Pennsylvania State University (PSU) Student Plan, a comprehensive package of accounts and services designed specifically for student customers. The PSU Student Plan includes:

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Free Checking Account: Students can enjoy a checking account with no monthly fees or minimum balance requirements.
Free Savings Account: A complimentary savings account is included to help students save and manage their funds.
Free PNC Bank Check Card: Students receive a PNC Bank Check Card that can be used without transaction fees at PNC Bank ATMs and for purchases at any location where Visa is accepted.
Free Access to Account Link by Web: Students have free access to PNC Bank's online banking platform, Account Link by Web, for convenient online account management.

Workplace Banking for Faculty and Staff

Penn State faculty and staff can benefit from WorkPlace Banking, a suite of preferentially priced financial services and products. WorkPlace Banking includes:

Free Checking Account: Faculty and staff can enjoy a free checking account with direct deposit.
Free Savings or Money Market Account: A complimentary savings or money market account is included to help faculty and staff save and manage their finances.

Virtual Wallet Student: A Modern Banking Solution

PNC Bank offers Virtual Wallet Student, a modern banking solution designed to meet the unique needs of students. Key features of Virtual Wallet Student include:

No Minimum Balance Requirement: There is no minimum balance requirement for active students for six years from the date of account opening.
No Monthly Service Charge: Active students are not charged a monthly service fee for six years from the date of account opening.
Proof of Enrollment: Students may be asked to provide proof of active enrollment in a qualifying educational institution.
Conversion to Virtual Wallet: After six years, the account will be converted to Virtual Wallet and subject to the Virtual Wallet Features and Fees in effect at that time.
Courtesy Overdraft Refund: Virtual Wallet Student accounts receive an automatic courtesy refund of the fee for the first Overdraft event (Spend account only). While the fee may be refunded, the transaction will still be considered an overdraft occurrence when determining any subsequent overdraft fees.

Mobile and Online Banking Convenience

PNC Bank provides convenient mobile and online banking services to its customers.

Mobile Banking: PNC does not charge a fee for the Mobile Banking service. However, a supported mobile device is needed to use Mobile Banking, and wireless carriers may charge for data usage.
Online Banking: Online Banking is free to customers with an eligible account; however, there may be a fee for certain optional services. PNC Bank reserves the right to decline or revoke access to Online Banking or any of its services.

Important Considerations

ATM Surcharge Fees: In the event PNC determines that there has been fraudulent or excessive ATM usage on the account, PNC is not obligated to reimburse any related surcharge fees, and any related reimbursements must be repaid. Surcharge fees not identified within the transaction by the originating financial institution may not be reimbursed.
Zelle®: Zelle® should only be used to send or receive money with people you know and trust using a U.S. mobile phone number. Neither PNC nor Zelle® offers purchase protection for payments made with Zelle® - for example, if you do not receive the item you paid for, or the item is not as described or as you expected. Transactions typically occur in minutes between enrolled users. If the recipient has not enrolled, the payment will expire after 14 calendar days. See the PNC Zelle Terms of Use for additional terms and conditions.

Scholarship Opportunities

PNC Bank offers scholarship opportunities to students enrolled at least half-time in a PNC Student Solution Loan®-eligible college or university who are 18 years of age or older (or the age of majority in their state) at the time of the drawing.

Eligibility: The Scholarship is open to students enrolled at least half-time in a PNC Student Solution Loan®-eligible college or university who are 18 years of age or older (or the age of majority in their state) at the time of the drawing.
Entry: To enter, you must create an account, meet the eligibility requirements, and opt in to the drawing and agree to the Official Rules at pnc.com/scholarship. Once you have created the account and have opted into the Scholarship, you will be eligible for the subsequent two drawings that take place within 12 months of registration.
Governing Law: The Scholarship is governed by the law of the Commonwealth of Pennsylvania.
Awards: Six (6) $10,000 college scholarships will be awarded twice each calendar year.
Odds of Winning: Odds of winning will depend on the number of eligible entries received.
Draw Dates: On or about June 1 and December 1, winners will be drawn at random from all entries submitted.
Taxes and Transferability: Taxes are the responsibility of the winner. Prizes are not transferable. No substitution of prizes permitted.
Verification: Scholarship winners will be required to execute and return a Verification of Eligibility and Release of Liability. See official Scholarship rules at pnc.com/scholarship.

PNC Solution Loans and PNC Education Refinance Loans are subject to credit approval. Certain restrictions and conditions apply.

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Educational Resources and Support

PNC Bank provides educational resources to help students build financial knowledge and money management skills. Students can learn more about the benefits of banking with PNC at pnc.com/psu or visit the PNC Bank branch on campus on the lower level of the HUB-Roberson Building or at 122 E. College Avenue.

PNC Bank also provides resources and support for students studying abroad.

University Benefits

Penn State's relationship with PNC Bank benefits students, faculty, and staff. The University receives financial support from its relationship with PNC Bank, and annual financial support from PNC Bank helps support operating expenses for the id+ card program as well as other University services.

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