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TCF Bank Complaint - New $28/day Overdraft Fee & Poor Customer Service! - Fees
Fees - Complaint
WAYZATA, MINNESOTA -- Well TCF, a new class action lawsuit I am sure will be coming your way thanks to your new daily overdraft fees of $28 a day!! I have been a customer for over 15yrs and I will be closing my account and going with my local credit union. Enjoy the money you have stole from me and you can keep the. 02 cents of interest I'm getting on my crappy savings account! When is someone going to bail out the hard working citizens of America instead of these greedy, self-serving BANKS!!!
Comments:
Posted by spiderman2 on 2011-10-22:
Not that I'm saying $28/per day is right, but in theory when you spend money you don't have you stole from the bank. It cuts both ways.
Posted by Justice-4-All on 2011-10-22:
Decades ago, I remember taking a class in high school that actually taught a person how to keep a checkbook balanced. Therefore, you didn't spend what you didn't have, and you never incurred over-draft fees.
Posted by ChuhBaca on 2011-10-22:
I know we understand that you shouldn't spend more than you have. But life happens! I feel for people just starting to make their way. Something gets withdrawn for auto-pay right before their pay is deposited and they get hit with huge fees!
What good does it do to add $28/day of debt to someone who barely has enough as it is! I can tell you that when my wife and I were starting out, we felt instant relief when we switched from 1st Bank to a credit union. It sounds like an exaggeration, but you would not believe how much of a difference it made.
The bottom line is; the banks have seen that they don't need to build relationships with customers because they can just get a bailout. Find a good credit union and you will be much happier.
What good does it do to add $28/day of debt to someone who barely has enough as it is! I can tell you that when my wife and I were starting out, we felt instant relief when we switched from 1st Bank to a credit union. It sounds like an exaggeration, but you would not believe how much of a difference it made.
The bottom line is; the banks have seen that they don't need to build relationships with customers because they can just get a bailout. Find a good credit union and you will be much happier.
Posted by trmn8r on 2011-10-22:
I am inferring from your complaint that one item reposted multiple times and was declined to to insuffucient funds, generating a $28 fee each time. That would be consistent with what other banks do.
If TCF charges $28 per day simply because your balance is negative, it is time to find a new bank.
The trick of course is to keep your balance positive in the first place. I had a few overdraft fees and learned my lesson. It was years ago, but I am still smarting from the feeling.
If TCF charges $28 per day simply because your balance is negative, it is time to find a new bank.
The trick of course is to keep your balance positive in the first place. I had a few overdraft fees and learned my lesson. It was years ago, but I am still smarting from the feeling.
Posted by clutzycook on 2011-10-22:
In reference to your savings account generating a paltry 2 cents per month (or is it per quarter?), all savings accounts are like that these days. Doesn't matter which bank you stick it in.
Posted by USTaxpayer on 2011-10-25:
To trmn8r:
Yes it is $28/day if your account is $5.00 or more overdrawn. I am not opposed to a per transaction fee, which is the way it used to be. Basically TCF has gotten greedy.. and want to increase their profits plain and simple.
Yes it is $28/day if your account is $5.00 or more overdrawn. I am not opposed to a per transaction fee, which is the way it used to be. Basically TCF has gotten greedy.. and want to increase their profits plain and simple.
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