• Report: #169871

Complaint Review: TCF Bank

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  • Submitted: Fri, December 30, 2005
  • Updated: Fri, December 30, 2005

  • Reported By:hammond Indiana
TCF Bank
. Minneapolis, Minnesota U.S.A.
  • Phone: 800-823- 2265
  • Web:
  • Category: Banks

TCF Bank ripoff on cd withdrawl penalty Minneapolis Minnesota

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I had a cd with TCF bank that I wanted to withdraw and purchase a cd with a higher interesr rate and shorter term. Since my cd wasnt mature, I would have to pay a penalty.

I spoke to the manager on the 13th of December.
HE disappeared for 10 minutes, returned and told me the penalty would be $45,000. I left and returned the next day,he wasnt there but I spoke to a female employee about withdrawing my cd. She spoke to someone on the phone for 20 minutes and told me the correct figure for my proceeds after subtracting the penalty of $3000. After she done the paperwork however, I paid $5950 which is $2950 more than I should have paid. I have a copy of their Terms and Conditions for CD'S which say that all CD'S larger than $100,000 are classified as Jumbo CD'S. The penaltys section says that my penalty would be $3000

I returned the next day and there was a new man in the office, to whom I complained. He said he would call me, he never did.

I called agin the next day, got the first man who told me the penalty would be $45,000 who said he would call me , he never did.

Called the corporate office complaint line 2 or 3 times with nor results.Called the branch office Monday and Tuesday, they were in meeting and not available.

Got ahold of the $45,000 man on Wednesday, he said he would call, he never did.

I don't know if this is the result of outright theft , incompetance or both.

Someone else on rip off said TFC is the bank that dont give a d**m.

Doug
hammond, Indiana
U.S.A.

This report was posted on Ripoff Report on 12/30/2005 03:39 PM and is a permanent record located here: http://www.ripoffreport.com/r/TCF-Bank/Minneapolis-Minnesota-55402/TCF-Bank-ripoff-on-cd-withdrawl-penalty-Minneapolis-Minnesota-169871. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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