TCF Bank has ripped me off with mystery fee's that just so happen to come along in time to make checks bounce on at least twenty different occasions. I have caught them at it, and made them remove the fee's at least as many times.
You can never go to their bank without hearing numerous requests from other customers for a "printout" because they too have been ripped off through this very same scheme. Now TCF charges for printouts too.
TCF operates as a "no frills" banking center primarily in poor working class, or areas where minorities, especially those with limited English are concentrated. The reason for this, is that these people are "Lay-Downs" as described by a TCF manager in regard to them actually filing a complaint with a government entity against the bank.
I have heard in the course of my fee removal sessions with them that certain stores contribute to the fee's by clearing credit card purchases as debit card purchases, and that is how the "mystery fee's" occur. Knowing something about the industry I can tell you that this would leave an open ended credit card transaction, and if it did occur, it would be rectified prior to clearing the bank.
It's unfortunate that no government agency will even look into this problem. (Probably because of large political contributions) But if you have a TCF account I would look over your transactions VERY carefully, and then close any account (s) you have with TCF.
The same can be said of Fifth-Third Bank which is a clone of TCF, but smaller, and open to even less scrutiny.
Ca
chicago, Illinois
0 comments