Video: PNC's Virtual Wallet(SM) Takes Online Banking to the Next Level

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Tue Aug 5, 2008 8:03am EDT

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 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. (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

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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