Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

TCF Bank Fees Hit Teen's Savings Account

Monday, December 12, 2011 - 7:56 AMTCF National Bank
This is an important lesson to keep an eye out for monthly maintenance fees and inactivity fees. This Chicago Tribune article describes how a teen's savings account at TCF Bank went negative after being hit by a monthly maintenance fee. After that, he was hit with overdraft fees. By the time he and his mom went to the branch to close the account, he owed the bank $229.10.
6
Ken TuminKen Tumin5,468 posts since
Nov 29, 2009
Rep Points: 125,029
Reply