In the initial years of banking, people used to choose a bank for its reliability but now choices are made considering the fastest service and convenient solutions. Banks like PNC Bank offer quick solutions and services to support their banking products for convenient use by clients. The bank’s business can be categorized into four broad categories each providing diverse solutions to individuals, businesses and corporate clients. The four categories are identified as retail banking, corporate and institutional banking, PFPC and asset management. Let us look at the products offered under each of these categories and see what level of convenience does each one offer.
Retail Banking at PNC Bank
• Deposit & investment
• Lending
• Cash management
• Wealth management
Under retail banking, the bank provides savings and current accounts with attractive interest rates and also low rates on account maintenance. In fact free checking accounts are available for customers who want to earn the maximum on their savings, not paying a single penny to the bank at the same time. Certificates of deposit are also offered to customers so that they can earn maximum returns on their funds without a heavy investment. PNC also offers flexi-rate loans and lines of credit which customers can avail to meet their needs of any huge expenditure. Credit and debit cards offered by the bank are also advantageous products that extend rewards services, overdraft facilities, gifts, free ATM withdrawals and low interest rates on the cards. Card payments can be made online with a convenient yet safe solution.
Wealth management at PNC Bank basically balances your assets and liabilities by making you maintain a diversified portfolio which hedges you against risks and threats from the volatile stock market. It also looks after complex or simple investment needs of customers. Online banking with the bank offers the most convenient banking solution whereby you can access your accounts, print statements, export data, make funds transfer and check balance on the Internet for free. Having an account with this bank gives you the opportunity to pay you bills from your account using the direct debit facility.
Corporate and Institutional Banking with PNC
• Asset based lending
• Credits
• Treasury management
• Capital markets products and services
PFPC
• Processing solutions
• Technology solutions
• Business solutions
Asset management at PNC Bank
• Equity
• Fixed income securities
• Liquidity and
• Alternative investment products.
So much for the services, now let us talk about the solutions that the bank provides. Solutions are available for individuals, businesses and corporate institutes which cover all fields of relevant needs. Individuals can benefit from the retirement plans offered by the bank so as to plan and enjoy a comfortable and tension free retired life. Students are encouraged to make savings for their education at all levels of education.
Financial solutions for the purchase of a house can be availed at the PNC Bank to meet any shortcoming of funds when planning a purchase or executing it. Home equity loans are available for individuals at low rates and longer payback periods so as to provide maximum convenience to the consumers. Cash flow management tools and working capital management facilities are provided to businesses Franchising options are also there for you to choose according to your own business set up decision.
The bank ensures complete fraud protection against internet scams, fraudulent transactions, wrong entries and any such risky execution to safeguard its operations and also maintain privacy of customer-data. Industries are offered with health savings accounts by PNC for the reason that HSAs offer permanent, transferable savings arrangements, along with tax benefits and the growth potential of mutual fund investment.
