I know that I'm repeating several similar complaints about TCF Bank, but I need to vent because I think TCF's Pending/Posting process is a way of just ripping off good American Citizens.
On Dec 23, I had $260 in my account with 11 total transactions worth about $300 outstanding. I won't go into excuses about why I was spending more money than I had. I screwed up and I'm not afraid to admit it. However, I can't even believe how 11 transactions could end up with ALL 11 transactions getting an overdraft fee. Every single one of them. TCF managed to withdraw 6 pending transactions in order to get my account to $32, then posted the remaining 5 transactions and charged a $35 overdraft fee for each one.
The next day (Dec 24, Merry Christmas, Scrooge), since the 6 pending transactions "weren't actually posted transactions", I had $186 left in my account. TCF then proceeded to withdraw 1 of the 6 pending transactions that was still pending, leaving $144, and then proceeded to STEAL the $175 in overdraft fees from my account from the day before, leaving me with ($31) in the red. TCF then posted the remaining 5 transactions that were pending the day before, and attached another $35 each (another $175), leaving me with ($217) in the red. Oh, and don't forget, since the 1 pending transaction is only pending, TCF added back the $43 to leave me only ($174) in the hole for my holiday fun.
We're done for now until Dec 28, when the 1 remaining transaction of $43 was withdrawn. But somewhere over the christmas holiday, TCF found time between opening their brand new gifts by taking the $175 in overdraft fees that they charged the day before. So at the end of the day, I'm now ($391) in the red.
I use TCF's handy alerting system to send me my account balance on Tuesday mornings. So after get the email on Dec 29, that my current balance is $400 overdrawn, I go searching under the tree for any remaining gifts that I thought I bought with no money. Funny, I didn't find any. So I check the web site and proceed to call customer service. The nice lady answering the phone says that they've changed their computing of the overdraft fee process, but since I'm "such a valued customer", she can wave half of the charged fees for me as a "special courtesy". And since I'm embarrassed to have to talk to anyone about overdrawing my account, I hang up and think I'm lucky to have the $175 or the $350 returned to me.
Only after further review did I realize that I got dinged for 11 out of 11 transactions. Not a bad holiday, If you happen to own a bank.
Needless to say, the 3 accounts I have at TCF will be closed as soon as I can move my money somewhere else.