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PNC Virtual Wallet Debit Card—Features, Fees, & Security

Maria Marcano, Consumer Operations
Oct 26, 2023
 Min Read

The PNC Virtual Wallet is an online banking platform created by PNC Bank. It enables customers to manage their finances through a combination of money-management tools, such as expense calendars, goal-setting features, and budget trackers and provides easy access to their checking and savings accounts.

To help you decide if the PNC Virtual Wallet is the right banking option for you, this article answers questions like: 

  • How does the PNC Virtual Wallet work?
  • What are its main features?
  • Do you get a debit card with the PNC Virtual Wallet?
  • Are there any additional fees?
  •  Is the PNC Virtual Wallet secure? 

The information provided in this article is valid as of September 2023. The platform’s features, terms, and fees might change over time. Consult PNC Bank’s official website or contact its representatives directly for the latest updates. 

Source: Jonathan Cooper

How Does the PNC Virtual Wallet Work?

The PNC Virtual Wallet allows you to manage all your PNC Bank accounts from one place. The accounts that PNC offers include: 

  • Spend—a main checking account for daily spending
  • Reserve—a secondary checking account for short-term expenses
  • Growth—a savings account

The money in the Spend account won’t accrue interest[2], at least with the basic version of the Virtual Wallet. However, the funds in the Reserve and Growth accounts will.

Since Growth is intended to be a long-term savings account, the money deposited there will earn you a higher interest rate than in Reserve[3]—though the exact rates and fees vary depending on your location and specific account type.

You can access all three accounts from the PNC Virtual Wallet interface and use its money management tools to organize your spending and savings with a clear overview of your expenses and long-term goals.

PNC Bank operates in 28 states[1] and the District of Columbia, providing different options to customers in various locations. In some states, users will only have access to the basic Virtual Wallet profile called Virtual Wallet Checking Pro. Other locations allow users to choose between the following three options:

  1. A basic Virtual Wallet profile
  2. Virtual Wallet with Performance Select
  3. Virtual Wallet with Performance Spend

To learn which Virtual Wallet profiles are available, you should contact your local PNC branch.

Source: Christin Hume

What Are the Main Features of the PNC Virtual Wallet?

The two standout features of the PNC Virtual Wallet are: 

  1. Money management tools
  2. Overdraft protection

Money Management Tools

Some of the PNC Virtual Wallet’s main money management features include: 

  • Spending Zone
  • Wish List
  • Calendar
  • Money Bar

The Spending Zone section lets you categorize your spending and create individual budgets for each category. After that, the PNC Virtual Wallet automatically generates a graphical budget report, clearly outlining your spending across categories. 

The Wish List feature provides a similar benefit for the Reserve account—you can allocate the current amount in that account to specific goals, such as home renovations, car repairs, or a planned vacation.

With the Virtual Wallet Calendar, you can view any scheduled income, bills, and other expenses in a monthly, weekly, or daily view with specific color-coding. If there’s a foreseeable overdraft on specific dates based on scheduled transactions, the platform automatically labels those dates as red-colored Danger Days. You can also set up recurring payments from the Calendar feature. 

A woman in a plaid blazer working on a laptop while surrounded by banknotes, documents, and a calculator.
Source: Tima Miroshnichenko

Once you input your planned income and expenses, the PNC Virtual Wallet will show you a bar graph called the Money Bar—a clear overview of the remaining funds at your disposal for general spending. 

One of the most significant draws of the PNC Virtual Wallet is how seamlessly money can be transferred between various PNC accounts. For instance, if the Money Bar shows more available funds than you need momentarily, you can transfer some over to your Reserve account by adjusting a slider on the bar. 

Overdraft Protection

As a PNC Virtual Wallet user, you have two levels of overdraft protection. If you are at risk of overdraft on your Spend account, the platform will automatically transfer an appropriate amount of money from the Reserve account. 

If there’s not enough funds in the Reserve account, the Virtual Wallet will pull from your Growth account next.

It’s important to note that PNC imposes no fees for overdraft protection transfers[4]

Do You Get a Debit Card With a PNC Virtual Wallet?

As an existing PNC client, you can link your debit card to a Virtual Wallet. If you’re a new user, you can automatically receive a debit card when you open a PNC account since you can’t obtain a Virtual Wallet without one. You can also link a PNC credit card to the Virtual Wallet. By doing this, the platform will automatically record all credit card payments as a monthly expense. 

PNC Virtual Wallet Fees

The table below contains a breakdown of the main PNC Virtual Wallet fees:

Type of Fee Cost
Monthly service fee
$3 per account
Returned check fee
Out-of-network ATM fee
$3 per transaction for domestic ATMs, $5 per transaction for international ATMs
Annual debit card fee
International money transfer fee

It is important to note that the monthly service fee may be waived[5] if you meet certain deposit criteria, which vary based on the specific account and location. Other fees might also change over time or may only be in effect in particular states.

Is the PNC Virtual Wallet Secure?

While the PNC Virtual Wallet may assist you with managing your spending and savings, you still have to enter your debit or credit card information when shopping online, which puts your financial information at risk of theft and misuse.

The online security of your financial data should always be on your mind, considering the rising number of card-related fraud cases worldwide.

To add more thorough account security measures to your purchases, consider using a virtual card—it is an effective way to protect your debit card details when transacting online. This type of card has a set of unique card details you can use for online payments, including: 

  • 16-digit card number
  • 3-digit card security code
  • Expiration date 

Virtual cards can be linked to your line of credit, debit card, or bank account, allowing you to use them for purchases without revealing your real card numbers or banking information. As a result, a potential hacker who breaches a merchant's servers can only access your virtual card numbers while your actual card and bank data remain confidential. 

Unfortunately, the PNC Virtual Wallet doesn’t support virtual cards. PNC Bank has a Virtual Travel Card Service that generates single-use virtual cards, but they’re only usable for rental car, rail, air, and hotel purchases.

If you’d like to enjoy the security benefits of virtual cards for completing online transactions, consider using Privacy Virtual Cards instead. Besides protecting your financial data, Privacy Virtual Cards also provide a variety of money management features to help you control your budget and prevent overcharges.

Privacy Virtual Cards—Secure Online Transactions

You can shield your financial data by connecting your bank account or debit card to Privacy. The platform generates Privacy Virtual Cards that let you transact online without revealing your debit card or banking information.

There are two types of Privacy Virtual Cards:

Type of Card
Single-Use Card
This type of card closes automatically after the first purchase, preventing potential hackers from misusing it if they manage to steal it from the merchant’s servers.
Merchant-Locked Card
This type of card locks to the first merchant you use it at, eliminating the possibility of misuse on other websites in case of theft. 

A person holding a payment card in front of a laptop.

Besides providing an integral layer of security to your transactions, Privacy also helps you manage your spending. You can set a spending limit on each card, preventing overcharges from sneaky merchants and keeping your expenses under control. Any Privacy Virtual Card can be paused/unpaused or closed via your Privacy dashboard at any time, allowing you to prevent unwarranted subscription charges. 

All your Privacy Virtual Cards are visible from a single dashboard, accessible from your desktop browser or a dedicated mobile app for Android and iOS. Privacy sends a push notification whenever a purchase with one of your Virtual Cards has been approved or declined to quickly spot suspicious activity. You can also request new cards or close existing ones from your phone. 

You can download the browser extension for Google Chrome, Safari, Edge, and Firefox and enjoy quick and seamless checkouts. The extensions autofill your virtual card information in the checkout fields, saving you from having to reach for your wallet or memorize card numbers. The Safari extension is also available for iOS devices, enabling seamless checkouts for iPhone and iPad users.

Privacy’s partnership with 1Password, the password manager, brings even more ease of use and security—you can store your Privacy login credentials and card details and manage them from a centralized dashboard.

How To Sign Up With Privacy in Four Quick Steps

Creating your first Privacy Virtual Card is simple and involves the following steps:

  1. Sign up
  2. Enter the requested Know-Your-Customer (KYC) information
  3. Connect your bank account or debit card
  4. Request your first Privacy Card

The platform’s base tier (free for domestic purchases) lets you:

  • Generate up to 12 virtual cards monthly
  • Download the mobile app and browser extension
  • Set spending limits, and close, pause, and unpause the cards

The two paid plans—Pro ($10 per month) and Premium ($25 per month)—bring up to 60 virtual cards a month, dedicated account management, zero fees on foreign transactions, and 1% cashback on eligible purchases totaling up to $4,500 a month, among other benefits.


[1]PNC,, sourced September 2023 
[2]PNC,, sourced September 2023
[3]PNC,, sourced September 2023
[4]PNC,, sourced September 2023 
[5]PNC,, sourced September 2023 

Privacy — Seamless & Secure Online Card Payments
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Checkout securely online by creating unique virtual card numbers for every purchase. Avoid data breaches, unwanted charges, and stolen credit card numbers.
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Privacy virtual cards
Spending Limits

Set a spending limit, and Privacy will block all charges that go over the limit

Merchant-Locked Cards

Lock your Privacy card to one merchant you frequently shop from

Single-Use Cards

Secure your one-time payments to websites whose trust worthiness you're unsure of

Pause/Close Cards

By pausing or closing a card, Privacy will block all future transactions

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Privacy — Seamless & Secure Online Card Payments
Checkout securely online by creating unique virtual card numbers for every purchase. Avoid data breaches, unwanted charges, and stolen credit card numbers.
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