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PNC Multicurrency Account

pnc.com
Summary

PNC offers multicurrency accounts designed for corporate and institutional clients to manage foreign currency cash flows. This service allows businesses to make and receive payments in various major and emerging market currencies, aiming to reduce conversion needs and associated risks. It integrates with PNC's online banking platform, PINACLE, for account management and wire transfers.

Features
5/15
See all

Must Have

1 of 5

Multi-Currency Account

Mid-Market Exchange Rate Transfers

Transparent Low Fees

Borderless Debit Card

Fast Transfer Execution

Other

4 of 10

Business Account Features

Mobile App

Regulatory Compliance

Customer Support

Batch Payments

API Integration

Real-Time Rate Alerts

Invoice Creation

Spending Analytics

Multi-User Access

Rationale

PNC offers multicurrency accounts for businesses, allowing them to hold and manage foreign currencies. While it provides core multi-currency account functionality and business-oriented features, it lacks explicit mentions of mid-market exchange rates, transparent low fees, or a borderless debit card, which are key differentiators for Wise. The focus is more on corporate cash flow management rather than individual or small business international transfers with competitive consumer-grade features.