Making deposits through Pnc Online Mobile Banking offers a convenient way to manage your finances. It’s essential to understand when you can access your deposited funds, and PNC provides clear guidelines for this. This article will explain the funds availability policies for checks deposited via PNC online mobile banking.
Standard Funds Availability for Mobile Check Deposits
PNC Bank offers standard funds availability at no charge for mobile check deposits. If you choose this option, and your mobile deposit is completed before 10 p.m. ET on a business day, the funds will generally be available to pay checks or other items during that evening’s processing. Deposits made after 10 p.m. ET, or on non-business days, are considered processed on the next business day, affecting when your funds become accessible.
Alt: PNC online mobile banking app interface showing a user making a mobile check deposit.
Expedited Funds with PNC Express Funds
For quicker access to your deposited funds, PNC offers PNC Express Funds for a fee. This service provides faster availability than the standard option. The fee structure for PNC Express Funds is as follows:
- Checks over $100: A fee of 2% of the check amount applies to each check exceeding $100.
- Checks between $25 and $100: A flat $2 fee is charged per check for amounts in this range.
It’s important to consider these fees when deciding if PNC Express Funds is the right choice for your needs.
Important Considerations for Mobile Check Deposits
Several important points apply to PNC online mobile check deposits:
- Returned Checks: If a deposited check is returned due to insufficient funds, PNC will not debit your account for the returned check amount.
- Deposit Timing: Remember the 10 p.m. ET cutoff for same-day processing under standard funds availability.
- Potential Delays: While standard availability is typical, there are situations where fund availability may be delayed. This can occur if PNC believes a deposited check might not be paid or if your total check deposits on a single business day exceed $50,000. For a comprehensive list of potential delays, it is recommended to consult the official PNC Funds Availability Policy.
Alt: PNC online mobile banking app displayed on a smartphone screen, highlighting security features.
Note: Even with standard funds availability (no fee), checks drawn on PNC Bank and deposited via mobile banking by 10 p.m. ET on a business day may be available to pay checks or items processed that same evening. Always refer to the PNC Funds Availability Policy for complete details, exceptions, and information regarding deposit verification and potential adjustments.
In conclusion, PNC online mobile banking provides two options for funds availability on check deposits: standard and express. Understanding the terms and conditions of each, particularly the fees associated with PNC Express Funds and potential delays in standard availability, will help you effectively manage your finances using PNC’s mobile banking services. For detailed information and specific circumstances, always consult the PNC Funds Availability Policy.
