Beginning March 20th, TCF Bank will become the first bank to
offer consumers a unique choice in overdraft services for their checking
accounts. Going forward, both the traditional per-item fee structure
offered across the industry for overdraft services as well as TCF Bank's
new daily fee alternative will be available at the customer's choice.
TCF Daily Overdraft ServiceSM will be available to consumers
in its new TCF Choice CheckingSM account. Continuing with its
commitment to convenience, innovation, and customer service, TCF Bank is
introducing this two-product approach as a better way for banking to fit
individual customer needs and lifestyles.
"We listened to our customers' feedback and understand their financial
needs are as individual as the lives they lead, which is why we're
offering these overdraft service options," says Mark Jeter, Managing
Director of Branch Banking. "Even if they have never overdrawn their
checking account, we're pleased to let customers know that they now have
an option to help manage their finances should such an event arise."
As always, TCF offers a number of additional ways to assist customers in
managing their finances, including electronic alerts that can be
received when balances are low and overdraft protection plans such as a
link to a savings account.
TCF Bank is a subsidiary of TCF Financial Corporation (NYSE: TCB), a
Wayzata, Minnesota-based national bank holding company with $19 billion
in total assets at December 31, 2011. TCF has over 430 branches in
Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and
South Dakota, providing retail and commercial banking services. TCF also
conducts commercial leasing and equipment finance business in all 50
states, commercial inventory finance business in the U.S. and Canada,
and indirect auto finance business in over 30 states. For more
information about TCF, please visit www.tcfbank.com.