Fees Turn Teenager's $4.85 Savings Account Into A $229.10 Debt

Fees Turn Teenager's $4.85 Savings Account Into A $229.10 Debt

A lesson on fiscal responsibility for one teen turned into a tale of caution, after a maintenance fee over-drafted his account, triggering a deluge of other fees and ultimately putting him over $200 in the hole. [More]

TCF Bank Adds New $28 Daily Overdrawn Balance Fee

TCF Bank Adds New $28 Daily Overdrawn Balance Fee

Reader Jeff used to intentionally overdraw his bank account in order to have enough money to feed his family and gas the car. At $35 a pop, that’s a pretty cheap loan. But now that’s not going to be a viable option because TCF Bank has started to assess him a daily fee of $28 if his account is overdrawn by $5 or more. [More]

TCF Bank Figures Out How To Close $.05 Account

TCF Bank Figures Out How To Close $.05 Account

After reader DFCL’s story about how TCF Bank wouldn’t close his checking account with $.05 left in it, preferring to charge $149 in fees instead, went up on Consumerist, something good happened. [More]

TCF Bank Won't Close $.05 Account, Prefers To Charge $149 In Fees

TCF Bank Won't Close $.05 Account, Prefers To Charge $149 In Fees

Reader DFCL says that he asked TCF Bank to close his account back in April as it only had a $.05 balance. Now it’s June, his account is still open, and he’s in collections for $149 in fees. Some very exciting things happened between those two points, including him offering to donate $500 to charity if they waived his fees. They declined his offer. [More]