Holdings vs PNC Bank
If you need a regional brick-and-mortar bank with a strong branch network across the Eastern US and want a welcome bonus, PNC is a decent traditional choice.
Feature comparison
See how Holdings stacks up against PNC
| Feature | Holdings | PNC |
|---|---|---|
| Monthly Fee | $0 | $12/mo (waivable w/ $500 avg balance) |
| Min. Balance | $0 | $100 to open; $500 avg to waive fee |
| APY (Checking) | 1.75% | 0% |
| APY (Savings) | 1.75% | 0.01–0.03% (typical) |
| FDIC Insurance | Up to $3M | $250K standard |
| Free Transactions | Unlimited | 150/month (then $0.50/each) |
| Sub-Accounts | Unlimited, free | Limited |
| Built-in Accounting | Yes, free | No (charges fee for QuickBooks/Xero sync) |
| Auto-Categorization | Yes | No |
| Nonprofit Features | Yes | PNC Nonprofit Checking available |
| Physical Debit Cards | Free | Free |
| Virtual Cards | Free | Not standard |
| Domestic ACH | Free | Free |
| Domestic Wire | Free | $30 outgoing; $15 incoming |
Why choose Holdings over PNC
Zero incidental fees
PNC is notorious for nickel-and-diming: $0.50/transaction after 150, $0.25/$100 for cash deposits over $5K, $30 outgoing wires, overdraft fees, and a fee to sync with QuickBooks. Holdings charges $0 across the board.
1.75% APY vs. 0%
PNC business checking earns no interest. With $250K on deposit, Holdings earns ~$4,375/year. PNC earns you nothing.
Built-in accounting with no sync fees
PNC charges a monthly fee just to integrate with QuickBooks or Xero. Holdings includes full accounting software for free.
Unlimited transactions
PNC's base account limits you to 150/month, then $0.50/each. A growing nonprofit doing 250 transactions/month pays $50/month in overages alone.
Get the Free Banking Guide
Everything you need to know about modern business banking. Zero fees, built-in accounting, FDIC insured.
We'll send the guide and nothing else. No spam, unsubscribe anytime.
When PNC might be the better choice
PNC may be a better fit if you need Branches in 28 states, $400 welcome bonus, or Dedicated Nonprofit Checking product.
Frequently asked questions
Is Holdings or PNC better for nonprofits?
Holdings. While PNC offers a Nonprofit Checking product, it still charges transaction fees, wire fees, and doesn't include accounting software. Holdings is purpose-built for nonprofits with fund accounting included.
Can I switch from PNC to Holdings?
Yes. Open a Holdings account and transfer funds via ACH. PNC's $400 welcome bonus has a clawback period — check the terms before closing your PNC account.
Does PNC have nonprofit banking features?
PNC offers a Nonprofit Checking account and an Analysis Business Checking for larger nonprofits, but neither includes accounting software or fund tracking.
Which has lower fees — Holdings or PNC?
Holdings. PNC charges $0.50/transaction after 150, $30/outgoing wire, $36 overdraft fee, and a QuickBooks sync fee. Holdings is $0 across the board.
What is PNC Purchase Payback?
PNC offers cash back at select merchants when you use your PNC business debit card. Rewards are modest and merchant-dependent.
Ready to switch?
Open your Holdings account in minutes. Keep your current bank during the transition — move at your own pace.
1.75% APY† • Zero fees^ • FDIC insured to $3M*