PNC technology aims at helping customers reduce overdraft fees


PNC technology aims at helping customers reduce overdraft fees

Pittsburgh-based PNC Financial Services Group, which has branches in Erie and Crawford counties, has announced a new program to reduce the number of overdraft fees consumers pay each year.

The bank, one of the nation’s largest, has introduced Low Cash Mode, a digital program designed to help Virtual Wallet customers manage through low-cash moments or mis-timed payments.

In other words, customers will be able to prioritize payments, avoiding overdraft charges, instead of letting the bank pick what is paid first.

“With this new tool, we’re able to shift away from the industry’s widely used overdraft approach, which we believe is unsustainable,” said William S. Demchak, PNC’s CEO.

In the first three months of 2021, the Erie County Redevelopment Authority made $3.34 million in loans to 19 Erie County businesses.

Loans ranged from $6,000 to $1,000,000. The largest of those loans was made to Child Development Center and will help fund a $3 million project that will include the purchase of land at 121 East 10th St. and construction of a new 14,000 square-foot facility that will serve 130 children.

The Northwest Pennsylvania Regional Planning & Development Commission’s government contracting program, known as Procurement Technical Assistance Center, will mark its 35th year in 2021.

The program provides assistance to businesses in the region that are pursuing work with government agencies.

For more information, visit: http://www.northwestpa.org/government-contracting/ or call 814-677-4800.

Got an idea for The Buzz? Send an email to Jim Martin at jim.martin@timesnews.com or call him at 814-870-1668.


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