TCF BANK ripoff, DELAY IN POSTING DEPOSITS TO CAUSE DELIBERATE OVERDRAFTS Chicago Illinois

The gentleman with the "tip" is giving out some bad advice. Most banks will hold a check that you cash against your account until the funds become available. You may have $1000 in your account but if you cash a $250 check against it creates a $250 hold against the account. So now the funds you have available is $750 with a ledger balance of $1000. When you deposit the $250 into the account the ledger balance increases to $1250 but the available balance only increases to $1000. You still have the $250 hold from the check that was cashed.

There are two options. Cash the check somewhere else and bring cash to the bank. Or deposit it into the ATM. Most (not all) deposit at an atm are made available right away. (This is because they may not pull the check out of the ATM for a day or two.)

The gentleman with the "tip" is giving out some bad advice. Most banks will hold a check that you cash against your account until the funds become available. You may have $1000 in your account but if you cash a $250 check against it creates a $250 hold against the account. So now the funds you have available is $750 with a ledger balance of $1000. When you deposit the $250 into the account the ledger balance increases to $1250 but the available balance only increases to $1000. You still have the $250 hold from the check that was cashed.

There are two options. Cash the check somewhere else and bring cash to the bank. Or deposit it into the ATM. Most (not all) deposit at an atm are made available right away. (This is because they may not pull the check out of the ATM for a day or two.)

The gentleman with the "tip" is giving out some bad advice. Most banks will hold a check that you cash against your account until the funds become available. You may have $1000 in your account but if you cash a $250 check against it creates a $250 hold against the account. So now the funds you have available is $750 with a ledger balance of $1000. When you deposit the $250 into the account the ledger balance increases to $1250 but the available balance only increases to $1000. You still have the $250 hold from the check that was cashed.

There are two options. Cash the check somewhere else and bring cash to the bank. Or deposit it into the ATM. Most (not all) deposit at an atm are made available right away. (This is because they may not pull the check out of the ATM for a day or two.)

The gentleman with the "tip" is giving out some bad advice. Most banks will hold a check that you cash against your account until the funds become available. You may have $1000 in your account but if you cash a $250 check against it creates a $250 hold against the account. So now the funds you have available is $750 with a ledger balance of $1000. When you deposit the $250 into the account the ledger balance increases to $1250 but the available balance only increases to $1000. You still have the $250 hold from the check that was cashed.

There are two options. Cash the check somewhere else and bring cash to the bank. Or deposit it into the ATM. Most (not all) deposit at an atm are made available right away. (This is because they may not pull the check out of the ATM for a day or two.)

Please let me know if this has happened to you. I made a deposit and one TCF's mistery fee's came out causing my deposit to be less than I inticipated. TCF caused the overdraft and than submitted the a check until it had eaten my whole deposit.

I was always under the impression a check is submitted only twice. I would not ave been so disgusted if TCF had not cause the overdraft. They told me it was for a previous fee owed, sometime ago. and that they were just waiting for additional funds to be deposited.

Out of all the fee's I have had to pay, they have never sent me one of those nice nasty letters saying in a nut shell, we are going to close your account.

In case you didn't know it, there is a way to get your deposits to hit immediately.

Take your check through the drive through and cash it. Go around the building and then deposit the cash.

Your check will usually "post" that night (unless it is after 2:00pm and then it will be the next business day night) at midnight.

The cash will "post" immediately.

You can go home, check online and see your cash already in your account and available.

In bank Operations, all the checks from the branches are sent to a central operations building. There they go through something that looks and acts like a high speed scanner, where it reads all the info, takes a picture of both sides of the check or other instrument and then spits out the other side. Regardless of when this is actually finished, but before midnight, it will "post" at midnight.

Good Luck