BrokAIr Reviews

PNC Financial Services Review

"PNC Financial Services is one of the largest banks in the US, yet its online brokerage services are surprisingly underwhelming." Have they forgotten the importance of investing in the digital age?

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Overview of PNC Financial Services

About

PNC Financial Services (also known as The PNC Financial Services Group, Inc.) is a diversified financial services company that provides banking, asset management, wealth management, and corporate and institutional banking services. Founded in 1845 as the Pittsburgh Trust and Savings Company by Thomas Mellon, PNC Financial Services has grown to become one of the largest banking institutions in the United States. It is currently headquartered in Pittsburgh, Pennsylvania and has more than 11,000 employees across the United States and Canada.

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Public Opinion of PNC Financial Services

The public opinion of PNC Financial Services is generally positive. Customers appreciate their range of products and services, award-winning mobile app, competitive rates, and free checking accounts. Customers have also noted that their customer service is reliable and helpful. However, some customers have complained about the high minimum balance requirements for some accounts, fewer branch locations than other large banks, high ATM fees for non-PNC customers, and monthly maintenance fees on certain accounts.

Newsworthy Events Around PNC Financial Services

PNC Financial Services has had numerous newsworthy events in recent years. In 2019, PNC Financial Services announced that it had completed its acquisition of BBVA USA Bancshares, Inc., making it one of the largest banks in the United States with more than $500 billion in assets. In 2020, PNC became the first major bank to offer direct deposits to customers using PayPal. Additionally, PNC was recently named one of the “World’s Most Ethical Companies” by the Ethisphere Institute for its commitment to corporate responsibility and ethical practices.