Online Money Management Solution Built with and for Gen Y Makes it Easy to
Save, Helps to Manage Spending and to Avoid Fees
PITTSBURGH, Aug. 5 /PRNewswire-FirstCall/ -- PNC Bank, a member of The
PNC Financial Services, Group, Inc. (NYSE: PNC) has introduced Virtual
Wallet(SM) as a comprehensive money management and online banking solution
for the next generation of banking customers, Generation Y. Virtual Wallet
provides on-demand access to manage spending and saving in real time.
To view the Multimedia News Release, go to:
http://www.prnewswire.com/mnr/pnc/34328/
"We believe this new solution is the most interactive offering on the
market today that will empower tech-savvy, Generation Y consumers with an
unprecedented high-def view, and control, of their money," said Joseph
Guyaux, PNC's president and head of Retail Banking.
The development of Virtual Wallet was based on the money mindset and
financial lifestyle of Gen Y, making it easy and visual to help them plan
and save. More than 25 Virtual Wallet functions and features are patent
pending.
Virtual Wallet Features:
-- Calendar: interactive, 360 degree view of the account by day, week
or month; lets individuals create bill reminders, check balances, see past
activities and future payments, mark paydays; the automatic "Danger Days"
indicator warns of any potential overdraw of the account to help avoid fees
and to eliminate worry.
-- Money Bar: a convenient slider tool to move money in real-time
between Spend, Reserve and Growth accounts; view "free" balances - funds
available before next payday.
-- Savings Engine: makes it easy and fun to save; create a wish list
and transfer money via predetermined set amounts or using a fun,
customizable widget called "Punch the Pig" to click and transfer cash into
a high-yield savings account.
-- Three Accounts In One: a Spend account for every day banking; a
Reserve account for short-term savings and overdraft protection; and a
high-yield Growth account; no monthly service charge or minimum balance;
free overdraft protection; free online banking and bill payment; and free
use of PNC's 3,900 ATMs.
To accommodate Generation Y, Virtual Wallet by PNC can easily be opened
online at http://www.pncvirtualwallet.com , over the phone or in any PNC branch.
"Generation Y is a segment of 'firsts' - first car, first home, first
child and getting married," said Guyaux. "Virtual Wallet helps this
generation accomplish their goals, keeping in mind they are also the first
generation to grow up with the Internet."
An online media kit containing background information, images and video
is available on PNC's website at http://www.pnc.com/go/presskits . Media
can access broadcast quality video for editorial use, free of charge.
The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the
nation's largest diversified financial services organizations providing
retail and business banking; specialized services for corporations and
government entities, including corporate banking, real estate finance and
asset-based lending; wealth management; asset management and global fund
services.
SOURCE PNC Financial Services
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Related links:
http://www.pnc.com
http://www.pncvirtualwallet.com
http://www.pnc.com/go/presskits
http://www.prnewswire.com/comp/701257.html /
CONTACT:
Patrick McMahon, +1-412-762-2477,
patrick.mcmahon@pnc.com, or Gina Villiotti, +1-412-762-0539,
gina.villiotti@pnc.com, both of PNC Financial Services
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