Our quick take: The PNC Virtual Wallet® offers a combination of online checking and savings accounts with no minimum deposit required to get started. New customers can also qualify for a cash bonus up to $400 with qualifying direct deposits.

If you don't have a lot of savings and want an all-in-one money management solution, the PNC Virtual Wallet could be a good fit. The three-in-one account setup is convenient, and the digital tools can help you stay on top of your bills and savings goals.

Virtual Wallet includes a Spend checking account, Reserve checking and Growth savings account at no charge to help manage your money.

A Debit Card will be issued when your Virtual Wallet is opened, or you may link your Virtual Wallet to an existing PNC Debit Card or University ID card (if available).

Digital wallets use technology to keep your financial data and personal information safe. However, they can still be vulnerable to hackers. But taking extra precautions, like using stronger passwords and monitoring your accounts often, can help protect your money and private data.

PNC Bank is a member of the Federal Deposit Insurance Corporation (FDIC).

PNC is best for consumers who want to find one bank for all of their financial accounts and who live or work near a local branch. It's also a good option if you live in a state that has access to its high-yield savings account.

Cons

• At $36, its overdraft fee is higher than average.
• Navigating and comparing various bank products online can be difficult.
• The High Yield Savings account is only available in certain states.
• There are minimum deposit requirements if you open an account at a branch for some accounts.

Not exactly. Both offer quick and convenient ways to pay for things, but some subtle differences exist. Digital wallet apps are primarily used to store money and payment information, whereas banks allow you to manage more financial information across your accounts.

It is a way of managing your finances online in a simple, fast and secure. Simply put, a virtual wallet, like Skrill, is a digital tool that allows you to make payments, receive and transfer money from other virtual wallets or bank accounts without needing physical cards or cash.

While you can use a virtual card for all online purchases that accept credit cards, digital wallets can be used only at participating retailers, whether online or in-store.

You can use your card(s) when traveling internationally. However, before you do, we recommend you notify us before you leave to have a travel notice placed on your account(s).