Coinbase, Exchanges

Does PNC Bank Allow Coinbase?

PNC Bank, one of the largest banks in the United States with over $380 billion in assets, does allow Coinbase. You can link your PNC Bank account to your Coinbase account and use it to buy and sell cryptocurrencies.

PNC Bank is one of the few major banks to have embraced cryptocurrency. In January 2018, PNC became the first bank to offer Bitcoin accounts to its customers.

NOTE: WARNING: PNC Bank does not directly support Coinbase. Coinbase customers should ensure that their bank accepts ACH transfers and can link to a U.S. bank account before attempting to connect their Coinbase account to PNC Bank. Additionally, Coinbase customers should verify that ACH transfers do not incur any additional fees before proceeding.

PNC has also been one of the most active banks in blockchain technology. The bank is a member of R3, a consortium of over 200 financial institutions that is developing blockchain applications for the banking industry.

While PNC is supportive of cryptocurrency, it does not currently offer any directly related products or services. For example, you cannot use PNC’s online banking platform to buy or sell cryptocurrencies.

However, this could change in the future as the cryptocurrency industry matures and more banks enter the space.

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