WhatYouNeedToKnowOverdrafts - The following notice explains...

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The following notice explains TCF National Bank’s standard overdraft practices and fees for ATM and everyday debit card overdrafts for consumer deposit account products What You Need to Know about Overdrafts and Overdraft Fees An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways: 1. We have standard overdraft practices that come with your account. 2. We also offer overdraft protection plans , such as a link to a savings account or to an overdraft line of credit, which may be less expensive than our standard overdraft practices. To learn more, ask us about these plans. This notice explains our standard overdraft practices . What are the standard overdraft practices that come with my account? We do authorize and pay overdrafts for the following types of transactions: Checks and other transactions made using your checking account number Automatic bill payments We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below): ATM transactions Everyday debit card transactions We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. What fees will I be charged if TCF pays my overdraft? Under our standard overdraft practices: All accounts, except checking accounts opened in Michigan: We will charge you a fee of up to $35 each time we pay an overdraft. There is no limit on the total fees we can charge you for overdrawing your account. Checking accounts opened in Michigan Until March 1, 2011: o We will charge you a fee of up to $35 each time we pay an overdraft. o There is no limit on the total fees we can charge you for overdrawing your account. On and after March 1, 2011: o We will charge you a fee of $10 for each day your account is overdrawn by more than $5 but not by more than $25, and $25 for each day your account is overdrawn by more than $25. We will charge this fee for up to 14 consecutive calendar days. o This fee is limited to one per calendar day. What if I want TCF to authorize and pay overdrafts on my ATM and everyday debit card transactions? If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions, stop by any TCF branch, visit www.tcfbank.com, or call us at 1-866-823-4472. You may also provide your consent at select TCF automated teller machines, or by sending a written request, including your name, address, date of request, and account number(s), to us at: TCF NATIONAL BANK PO BOX 9110 MINNEAPOLIS MN 55480-9110 What if I want to revoke my decision to have TCF authorize and pay overdrafts on my ATM and everyday debit card transactions?
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