Overdraft Protection Services
Tips for avoiding or reducing deposit service fees
- Some account types may have a monthly maintenance fee. You may be able to avoid monthly maintenance fees by, depending on your account type, meeting minimum transaction requirements or minimum balance requirements.
- Check your account balance and transactions regularly to avoid overdrafts and related service charges. To do this, contact TCF Customer Service at 1-800-TCF-BANK (823-2265) or 612-TCF-BANK (823-2265) in the Twin Cities. Or, you can access your balance using TCF’s online, mobile or text banking services. Please note that this is not a substitute for keeping careful track of your account balance since all outstanding transactions may not be shown. The order in which items are displayed in your account history is the order in which these transactions are posted to your account. And remember that not all funds in your account may be available for immediate withdrawal or other use.
- Set up alerts to notify you when your account balance has fallen below any specified amount. Alerts can be sent to an Internet email address and set up in online banking at tcfbank.com. Please note that alerts are based on your previous end of day account balance, which includes funds not yet available for withdrawal and may not reflect transactions that have occurred later.
- Record your check and debit card transactions in your register as soon as you make them, and keep a current balance. Remember to anticipate and record any recurring automatic bill payments. Promptly adjust your register if you receive notice of an overdraft, NSF, or returned deposit. Don’t forget to deduct any related service charges. Reconcile your register to your monthly statement and promptly notify TCF of any errors or unauthorized transactions.
- Use TCF ATMs to avoid fees that you would be charged when making withdrawals at non-TCF ATMs. If you use a non-TCF Bank ATM, remember to record any applicable fees, including those that may be charged by the ATM owner.
- Notify TCF if you do not want us to pay any overdrafts on your account. To do this, contact 1-866-823-4472. Charges will apply for any items that we return without paying. Remember, you may also notify us if you do not want us to authorize ATM and everyday debit card transactions that exceed your available balance when made.
- Consider other TCF services that may be lower cost alternatives to overdrafts. You can enroll for a savings transfer service (a linked savings account), or apply for an overdraft protection line of credit at any neighborhood TCF Bank location.
Overdraft and bounced payments
When you write a check for more than your available account balance, you “overdraw” your account. You also overdraw your account when you use your debit card for a transaction that exceeds your available balance.
“Posting” is when TCF processes transactions to your account. We post transactions nightly each business day. We first post deposits and incoming transfers that are made before the daily cutoff time. We then post withdrawals and outgoing transfers. Withdrawals and outgoing transfers are grouped for posting purposes, and within each group transactions can be posted in any order we decide. Please note that transactions may not be posted in the order in which they occurred. TCF may, at any time in the future, change the posting order on your account. The posting order on your account can affect the amount of overdraft and NSF fees that you pay.
TCF charges a fee when we pay transactions that exceed your available balance. We also charge a fee for returning items without paying them. TCF’s current overdraft charge is available here.
Check your balance
Be aware of your available funds
Actively manage your account with alerts
Manage Your Overdraft Service Options
TCF Overdraft Services FAQ
Federal regulations require banks to get your permission before paying ATM and everyday debit card overdrafts on consumer accounts when charging a fee.* This is called “opt-in.”
If you opt-in, it is up to TCF’s discretion to authorize or not authorize these transactions. TCF will charge a fee for any transactions resulting in an overdraft. Banks only need your permission once. Your permission is not required separately for each transaction.
Opting-in can have benefits, because it gives TCF the option (although we are not required) to approve transactions when your account is unexpectedly low on money, or when you know you will make a deposit later that day. But overdraft charges will apply.
If you do not opt-in, you may avoid unexpected fees on your account. However, TCF will not approve your ATM and everyday debit card transactions if they exceed your available balance at the time of the authorization.
Opt-in is not automatic. If we do not hear from you, you will not be opted-in.
See below for information on how to opt-in. Also, see the disclosure called What You Need to Know about Overdrafts and Overdraft Fees for more information.
* An “everyday” debit card transaction is any one-time, nonrecurring transaction using a debit card. Transactions you authorize in advance using your debit card, such as a monthly bill payment, are not considered everyday transactions. TCF relies on transaction coding provided by the merchant to determine if a transaction is recurring.