![]() However, what the website does not publicize is that these checking accounts do not earn interest and require a $10,000 minimum balance or 10 qualifying withdrawals to avoid a $2.95 monthly fee. With a $25 opening balance, these new accountholders can earn a free Michigan sweatshirt emblazoned with the TCF logo. Most students hold the TCF Totally Free Student Checking Account, advertised on the website as “easy to use and provid(ing) the convenience necessary for busy students,” with no minimum balance requirement, no monthly maintenance fees and the option to use Mcards as ATM/debit cards. ![]() ![]() TCF is the most prevalent bank within walking distance of the University campus, with five branches and 25 ATMs on campus and around Ann Arbor. One Yelp user said of the TCF branch location on South University Avenue, “If the TCF stands for Truly Crappy Financial services, then I’d say that the people who founded this bank aptly named it.” There is even a website dedicated to negative TCF reviews.Ĭomplaints about TCF range from complaints about the “turtle speeds” of the tellers to the overdraft fees to the apparent difficulty of closing an account. On Yelp, where the public can review businesses, the TCF branch location on South University Avenue earns an average of one star out of five. Negative reviews abound on, a website where customers can file reports over the Internet about scams, frauds and bad service experienced at companies. Last year, TCF was voted best bank in 2011 by readers of The Michigan Daily.Īppearances suggest TCF is the leader and best in Ann Arbor student banking.Ī simple Google search, however, tells another story. Or perhaps a better question - have you heard of any other?Ībout 20,000 University students currently have TCF Totally Free Student Checking accounts linked to their Mcards, according to Bob Borgstrom, executive vice president and director of branch banking at TCF Bank.
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