The perks are disappearing for PNC Bank customers with free checking accounts.
The Pittsburgh-based bank says customers with free checking will no longer earn reward points on debit card purchases. The bank will also end reimbursements for fees incurred at out-of-network ATMs.
PNC Bank, which has branches in 15 states and Washington, D.C., underscores that it will continue offering free checking accounts with no strings attached, such as minimum balance requirements. And customers enrolled in the bank's "performance account" will continue getting rewards for debit card purchases and see new incentives to bring over more of their business.
The new terms are part of PNC's revamped lineup of checking accounts and reflect the industry's struggles to cope with regulations that could dramatically shrink revenue.