PNC Bank, a member of The PNC Financial Services Group, Inc., has introduced Virtual Wallet(SM) Student, a highly visual and interactive online banking solution, is designed to give parents peace of mind by helping students help themselves as they transition to financial independence. E-mail alerts to parents and the “send money” feature combined with a personalized calendar and an easy way to track spending by categories, provide both parents and their college-bound children with an opportunity to manage their money and stay current on where and how the student is spending it.  “Most college students not only depend on their parents for money, but they also heavily rely on them for financial advice,” said Thomas S. Kunz, director of payments and e-business for PNC. “College students are sophisticated consumers but they often seek guidance on how to best manage their money, so it’s no wonder they go to who they trust most – mom and dad.”  Virtual Wallet Student was built on the success of Virtual Wallet, introduced one year ago, and is based on the input of college-aged students, offering a simple and visual tool to help them manage day-to-day expenses, plan and save – in real time, via computer or mobile device. Virtual Wallet, which has earned PNC numerous awards for design, technology and innovation, has been highly successful.

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