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PNC technology aims at helping customers reduce overdraft fees - Vimarsana News

PNC technology aims at helping customers reduce overdraft fees

Erie Times-News Pittsburgh-based PNC Financial Services Group, which has branches in Erie and Crawford counties, has announced a new program to reduce the number of overdraft fees consumers pay each year. The bank, one of the nation's largest, has introduced Low Cash Mode, a digital program designed to help Virtual Wallet customers manage through low-cash moments or mis-timed payments. In other words, customers will be able to prioritize payments, avoiding overdraft charges, instead of letting the bank pick what is paid first. "With this new tool, we're able to shift away from the industry...

Source: goerie.com
PNC Financial Services (PNC) Q1 2021 Earnings Call Transcript - Vimarsana News

PNC Financial Services (PNC) Q1 2021 Earnings Call Transcript

PNC Financial Services (PNC) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. PNC Financial Services (NYSE: PNC) Q1 2021 Earnings Call Good morning. My name is Frank and I will be your conference operator today. At this time, I would like to welcome everyone to the PNC Financial Services Group earnings conference call. [Operator instructions] After the speakers' remarks, there will be a question-and-answer session. [Operator instructions] As a reminder, this call is being recorded. I will now turn the call...

Source: msn.com
PNC Launches Tool to Reduce Overdraft Fees - Banker & Tradesman - Vimarsana News

PNC Launches Tool to Reduce Overdraft Fees - Banker & Tradesman

PNC Launches Tool to Reduce Overdraft Fees Apr 13, 2021 | Reprints | Print PNC Financial Services Group Inc. has created a new digital tool to help customers avoid overdraft fees, with a pilot program showing that the tool helped reduce these fees by more than 60 percent. The Low Cash Mode digital offering will allow customers of PNC’s Virtual Wallet product to manage situations when the account has a low amount of cash or when payments have been mistimed. Instead of the bank making decision about debits, customers who use the tool will be able to determine whet...