Sign up for the PNC kids account at a local branch, by phone or online following these steps:
- Go to the provider’s site and follow the steps to apply.
- From PNC’s website, hover over Products & Services under the Personal tab and click Savings.
- Enter your zip code and click Submit.
- Scroll down to the ‘S’ is for Savings section and click Apply Now.
- Answer questions about your age, the child’s age and your relationship with PNC and click Apply.
- Uncheck the highlighted box if you don’t want a banking card and click Continue.
- Enter personal information for you and your child and click Continue.
- Follow the prompts to review your application and make your initial deposit.
Eligibility
To open a PNC kids account, custodians must be at least 21 years old and kids must be under the age of 18. You’ll also need to meet these requirements:
- US citizen or resident alien
- Valid Social Security number or Taxpayer Identification Number (TIN)
- Government-issued photo ID
- $25 opening deposit
Required information
You’ll need this information handy when you open your account:
- Full name
- Residential address
- Date of birth
- Social Security number or Taxpayer Identification Number (TIN) for you and your child
- Government-issued photo ID number
- Employment information
The PNC kids account is classified as a Uniform Transfer to Minors Act (UTMA) account. This means a parent or guardian has full control over the account until the child turns 18, or 21 in some states. It’s FDIC-insured and has these benefits:
- Interactive banking experience. Your kid learns basic financial skills from Sesame Street and can play interactive activities to practice saving, sharing and spending.
- Goal-setting features. Set savings goals with your child and they can track their progress as they watch their virtual piggy banks fill up.
- Free banking card. The PNC kids savings account comes with an optional banking card that gives you ATM access with a $500 daily withdrawal limit and a $5 international withdrawal fee. This card is for ATM access only and cannot be used to make purchases. Technically, your child should only use this card under your supervision, though they’ll be able to use it on their own if they have the PIN.
- Avoidable monthly fee. You won’t pay the $5 monthly fee if you meet one of these three requirements:
- Your child is younger than 18
- Average monthly balance is at least $300
- At least one Auto Savings transfer of $25 or more from your PNC checking account each month
The PNC kids account has several features, but there are also a few drawbacks to watch out for:
- Low APY. This PNC kids account only earns 0.01% APY. By comparison, the Alliant Kids Savings account earns 0.55% APY and the Capital One Kids Savings account earns 0.3% APY. However, the educational elements of this account may outweigh its poor interest rate depending on your needs.
- Early account closure fee. Expect to pay $25 if you close your PNC kids account within 180 days of opening.
- Parents need to be present. Even if your child is 17 years old, they won’t be able to withdraw funds from this account at a PNC branch without you being there with them.
If you’re looking for a kids’ savings account that earns more interest, explore some of your other options.
Compare popular kids’ savings accounts based on their fees, interest rates and minimum opening deposits.
PNC’s S is for Savings account is what’s known as a Uniform Transfers to Minors Act (UMTA) account, sometimes called a custodial account. This means that appointed custodians, such as parents, are exclusively able to manage funds kept under a minor’s name. So unless you give your child the ATM card linked to this account, only you can deposit and withdrawal funds from this account until your child turns 18. PNC offers various ways for you to move money into and out of this account.
Deposit
- Cash or check deposit at a local branch
- Mobile check deposit in the mobile app
- Wire transfer
- Transfers from another PNC account
Withdrawals
- ATM
- At a local branch
- Wire transfer
- Transfer to another PNC account
If you have questions or concerns about the PNC kids account, you can chat with a customer support representative one of four ways:
- Call 888-762-2265 weekdays from 7 a.m. to 10 p.m. ET and weekends from 8 a.m. to 5 p.m. ET.
- Start a live chat on the website
- Send a secure message through the online banking portal
- Visit a local branch
If you decide the PNC kids account isn’t for you, here’s how to close it:
- Visit a local PNC branch
- Call 888-762-2265
If you close your account over the phone, you’ll want to make sure the balance is at $0 first. If you close in person, you can withdraw your money at the branch.
You’ll find a wide range of savings accounts at PNC, including:
- Virtual Wallet. PNC’s all-in-one digital account lets you set aside money for spending and saving. There’s a monthly fee starting at $7 that’s waived when you’re 62 or older or have at least $500 in direct deposits or average combined balances.
- Premiere Money Market. Compared to other money market accounts, this one has a low $100 opening deposit. But you need at least $5,000 to avoid the $12 monthly service charge.
- PNC Standard Savings. Open with a minimum $25 deposit and avoid the $5 monthly fee when you maintain a $300 minimum monthly balance or set up an automatic transfer of at least $25 each month. It’s free if you’re under 18.
- PNC High Yield Savings. You can earn up to 0.8% APY, but the account isn’t available in all states.
- CDs. Offers a mix of fixed- and variable-rate CDs for individuals and businesses with terms ranging from seven days to 10 years.
- Premium Business Money Market. Open this account with $100 and avoid the monthly fee when you maintain a $2,500 minimum balance.
Savings account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top savings accounts and rate them one to five stars based on factors that are most important to you. These factors include: interest rates, monthly fees, minimum deposits, customer service and account features.
Read the full methodology of how we rate savings accounts.
