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$50 Checking Account Bonus Without Direct Deposit at TCF Bank


TCF National Bank
TCF Bank continues to offer a $50 gift card for opening a new TCF Free Checking Account. The official details are listed at the bank's promotion page as of 1/08/09. The gift card will either be a Visa gift card or a groceries gift card depending on your state.

On the plus side there doesn't seem to be any direct deposit requirement. If you open the account at a branch, they'll hand you the gift card on the spot. The main downside appears to be that you're are required to pay for the checks. In the online application it forces you to select the checks option, and that'll cost at least $16.50. I'm not sure if there's a way around this if you apply at a branch. A reader in a previous TCF post commented that the Senior account includes free checks.

Some of the other important small print includes:
  • $25 minimum to open a TCF Totally Free Checking Account
  • available to individuals and small businesses without a TCF Checking account in the past 90 days
  • customer is responsible for all applicable taxes
  • At a branch the gift Card will be awarded at the time of account opening
  • Opening online the gift card will be delivered within 4 weeks
The Totally Free Checking has no monthly service charges, no minimum balance requirements and online bill pay is free.

I last reported on this bonus in November 2008. They often have these gift card promotions.

You can apply online, but the application states that if you're not already a TCF Bank customer, you must live in one of the following states: Arizona, Colorado, Illinois, Indiana, Michigan, Minnesota and Wisconsin.

Savings Accounts

A reader mentioned a 3.75% APY being offered on the TCF Premier Savings. I wasn't able to confirm this, but I did note a competitive rate for the TCF Power Savings Account. In the online application, they provide the rate sheet when you select the account. For Colorado the best savings account was the TCF Power Savings which has an APY of 3.00% for balances of over $500 as of 1/08/09. The documentation linked in the online application stated that there are no monthly fees for minimum monthly balance of $100.

TCF Bank is FDIC insured (FDIC Certificate # 28330).

  Tags: Minnesota, TCF National Bank, Indiana, Illinois, Michigan, Colorado, Arizona, Wisconsin, checking account, savings account

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Comment #1 by Anonymous posted on
Subtract $16.50 from the bonus up front. I got 2 pgs into the online application and there is a mandatory purchase of checks of $16.50 (or $17.50 for dups). Slick -- NOT!

Comment #2 by Anonymous posted on
Not worth it since you are handing them cash. $22.50 = purchase of checks

Comment #3 by eislamic banking (anonymous) posted on
eislamic banking
Hi i care with your posting