How To Close a PNC Bank Account?

Closing a PNC Bank account is a process you can do in different ways. You can go to a branch, call them, or do it online. This guide will help you understand how to close your account easily.

Are you thinking about closing your PNC Bank account? Maybe you’re moving or found a better bank. Whatever the reason, it’s important to know how to do it right.

In this article, we’ll show you step by step how to close your PNC Bank account. We’ll cover what to do before, during, and after closing your account. Let’s get started!

Preparing to Close Your PNC Bank Account

Before you close your PNC Bank account, there are some things you need to do. These steps will help make sure you don’t have any problems later. It’s important to be careful and not miss anything.

First, you should open a new bank account somewhere else. This way, you have a place for your money before you close your PNC account. Look for a bank that fits your needs. Maybe one with better interest rates or fewer fees.

Next, you need to move all your automatic payments to your new account. Think about things like your phone bill, rent, or subscriptions. Make a list of all these payments. Then, update each one with your new bank information.

Lastly, make sure your direct deposit is set up with your new account. If you get your paycheck automatically, tell your work about your new bank details. This way, your money will go to the right place after you close your PNC account.

Ways to Close Your PNC Bank Account

PNC Bank gives you different options to close your account. You can choose the way that’s easiest for you. Let’s look at these options one by one.

The first way is to go to a PNC Bank branch. This is good if you like talking to people face-to-face. You can ask questions and get help right there. Bring your ID and account information with you.

Another way is to call PNC Bank on the phone. This is handy if you can’t go to a branch. You’ll talk to a customer service person who will help you close your account. Make sure you have your account details ready when you call.

The third way is to close your account online. This is the fastest way if you’re comfortable with computers. Log into your PNC online banking and look for the option to close your account. Follow the steps they give you.

What You Need to Close Your PNC Bank Account?

Before you start closing your account, gather these things:

• Your PNC Bank account number
• A valid photo ID like a driver’s licence or passport 
• Your Social Security number
• A new bank account to transfer your money 
• A list of any automatic payments or deposits you have

Steps to Close Your PNC Bank Account

Closing your PNC Bank account involves a few key steps. First, gather all your account information. This includes your account number and ID.

Next, decide how you want to close your account. You can visit a branch, call PNC, or use online banking. Each method has its own process to follow.

1. Choosing Your Closing Method

First, decide how you want to close your account. Remember, you can go to a branch, call, or do it online. Pick the way that’s easiest for you.

2. Gathering Your Information

Next, get all your account information together. This includes your account number, ID, and Social Security number. Having these ready will make the process faster.

3. Cancelling Automatic Payments

Before closing, stop any automatic payments from your PNC account. This includes things like bill payments or subscriptions. Make sure to set these up with your new bank.

4. Transferring Your Money

Now, move your money to your new bank account. You can do this by writing a check to yourself or making an electronic transfer. Make sure to leave enough to cover any final fees.

5. Making the Closure Request

Finally, contact PNC to close your account. Tell them you want to close it and follow their instructions. They might ask you some questions to make sure it’s really you.

What Happens After You Close Your PNC Bank Account?

After you close your account, PNC Bank will send you a confirmation. This might come in the mail or by email. Keep this for your records. It’s proof that you closed your account.

PNC Bank will also send you any money left in your account. This usually comes as a check in the mail. Make sure they have your correct address. It can take a few weeks to get this check.

Remember, even after closing, keep an eye on your credit report. Sometimes, closed accounts can show up there. If you see any problems, contact PNC Bank or the credit bureaus to fix them.

PNC Bank Account Closing Fees

Showing the fees for closing a PNC Bank account:

Account Type	Closing Fee
Standard Checking	$25
Virtual Wallet	$25
Savings Account	$0
Student Account	$0

Reasons to Close Your PNC Bank Account

There are many reasons why you might want to close your PNC Bank account. Understanding these can help you decide if it’s the right choice for you. Let’s look at some common reasons.

One reason might be that you’re moving to a new place. If PNC Bank doesn’t have branches or ATMs where you’re going, it might make sense to switch banks. This way, you can avoid fees for using other banks’ ATMs.

Another reason could be that you found a bank with better services. Maybe you want higher interest rates on your savings. Or perhaps you’re looking for a bank with better online banking tools. It’s okay to switch if another bank meets your needs better.

Sometimes, people close their accounts because of fees. If you’re paying too much in monthly fees or overdraft charges, you might want to find a cheaper bank. There are many banks that offer free checking accounts.

Read this article: What Time Does US Bank Open?

How Long It Takes to Close a PNC Bank Account?

Closing your PNC Bank account doesn’t happen right away. It’s good to know how long it might take. This can help you plan better, especially if you need to open a new account.

Usually, it takes about one to three business days to close a PNC Bank account. This is if you do it in person at a branch. The process might be faster because they can check your ID and details right there.

If you close your account over the phone or online, it might take a bit longer. It could be three to five business days. This is because they need to verify your identity and process your request.

Things to Watch Out for When Closing Your Account

Watch out! when closing your PNC Bank account:

• Make sure all checks and payments have cleared before closing 
• Cancel any automatic payments or deposits linked to the account 
• Ask about any fees for closing the account early 
• Get written confirmation that your account is closed 
• Keep your final bank statement for your records

After Closing Your PNC Bank Account

After you close your PNC Bank account, there are a few more things to think about. These steps will help make sure everything is taken care of. It’s important to finish up properly.

First, make sure you destroy any debit cards or checks from your old PNC account. Cut up the cards and shred the checks. This helps prevent anyone from using them by mistake or for fraud.

Next, keep all the paperwork from closing your account. This includes the confirmation letter and your final statement. Put these in a safe place. You might need them later for your records or taxes.

Lastly, check your credit report a few months after closing your account. Sometimes, closed accounts can show up wrong on credit reports. If you see any mistakes, contact the credit bureaus to fix them.

Final Words

Closing your PNC Bank account doesn’t have to be hard. By following the steps in this guide, you can do it smoothly. Remember to prepare before you start and follow up after you’re done.

It’s important to choose the right way to close your account for you. Whether you go to a branch, call, or do it online, make sure you’re comfortable with the process. Don’t be afraid to ask questions if you’re not sure about something.

After you close your account, take some time to set up your new banking arrangement. Make sure all your bills and deposits are going to the right place. With a little care, you can switch banks without any problems.

Frequently Asked Questions

Can I close my PNC Bank account online?

Yes, you can close your account through PNC’s online banking portal.

Is there a fee to close my PNC Bank account? 

There’s a $25 fee for some accounts, but student and savings accounts are free to close.

How long does it take to close a PNC Bank account?

 It usually takes 1-5 business days, depending on how you close the account.

What happens to my money when I close my PNC Bank account? 

PNC will send you a check for any remaining balance in your account.

Can I reopen a closed PNC Bank account?

No, once an account is closed, you’ll need to open a new one if you want to bank with PNC again.