How to Close PNC Bank Account

Each significantly large bank offers cardholders a unique set of financial benefits, so it has become quite usual for a customer to open several accounts at once. However, individuals who do so can face a number of problems, including:

• Loss of interest if you have 3-4 active accounts and try to maintain minimum balances on each;
• Annual maintenance fees for cards can mount very quickly;
• Filing tax reports becomes challenging with multiple accounts, especially when you have both expenses and income tied to them;
• Inactive accounts and bank records can attract the attention of fraudsters.

Any of the above is a good reason to discontinue your partnership with a specific bank. Today, you will learn how to close a PNC bank account, as well as some additional actions to take before submitting the request.

Steps to Closing a PNC Bank Account

Before closing a PNC account, you should ensure that you won’t lose any funds. This means you need to take several steps and actions, namely:

• Make sure you have an active account with another bank;
• Switch over subscriptions and auto payments;
• Review your direct deposit.

Next, we’ll look at each point in detail.

Open Another Bank Account first

Before you cancel a PNC account, make sure you have an alternative account you can use. This is necessary for various reasons, such as:

• Access to digital payment services;
• The ability to perform transactions;
• Receiving your salary;
• Working with online services and charging accounts;
• Availability of favorable deposit or credit rates.

Without a bank account, you lose access to professional and personal opportunities, and have to face a lot of inconvenience in daily life. Therefore, you have to make sure your other accounts are active and secure, or choose an alternative financial institution and open a new account there before closing your current one.

Switch Over Subscriptions and Auto Payments

If (and this is usually the case) you have subscriptions or automatic payments, make sure to set them up on your new account beforehand. Some banks offer the option to import settings from your previous account, although in most cases, you will have to manually fill in the details and create new templates.

Also, don’t forget to provide your employer with a statement about opening a new account and closing the current one.

Review Your Direct Deposit

Before you close a PNC account, you should first check that you’ve cleared all funds from your cards and transfer the remaining money to a new account. If you haven’t, you can request a cash withdrawal at the bank counter (if you are closing the account at a branch). Also, pay attention to active deposits, which may incur a commission payment or penalties if the agreement is terminated early.

With these basic steps done, you can begin the process of closing your account.

Methods to Close a PNC Bank Account

How to cancel a PNC account? It’s pretty easy to do. You can follow the instructions on the bank’s website or use the methods described below.

There are a total of 3 ways to cancel your account, namely:

• Online;
• At a branch;
• Over the phone.

All of them are equally effective, but they differ in processing time and the number of additional processes involved. So, let’s look at each option in more detail.

Online

Want to close a PNC account online? In this case, you’ll need to clear out your funds in advance, zero out balances, and settle any outstanding debts.

To start the account closure process, log in to the website and use the customer service chat feature, available on weekdays from 6 a.m. to 12 a.m. Eastern Time.

At a Branch

You can also close your account directly at the bank branch. Find the nearest branch through the mobile app and visit it.

You’ll have to provide the following documents:

• An identification document (like a passport or a driver’s license);
• Social Security number;
• Account number;
• Full mailing address;
• The account opening agreement with the transaction number (optional).

However, visiting a branch may be problematic if the nearest location is hundreds of miles away. Therefore, it makes sense to use the website, mobile app, or even the phone.

Over the Phone

Call 1-888-762-2265 to close your account over the phone. The operator will perform all the operations for you, so this method is relatively hassle-free. However, before calling, make sure you have the following on hand:

• Identification documents;
• Your account username and password;
• Your registered phone PIN code associated with your account (which matches your PNC debit card PIN);
• Your credit and debit cards.

Don’t forget to request written confirmation of the account cancellation, which you will need to notify your employer about the change in payment details.

Conclusion

PNC account closure is a step that should not be initiated lightly. Decide if you are truly dissatisfied with the services and fees of this institution. However, the process itself is quite simple and shouldn’t cause you any problems.