TCF Bank


Overview / Commentary
952-745-2760
2508 South Louise Avenue
Sioux Falls, SD 57106

TCF Bank is headquartered in Sioux Falls and is the 3rd largest bank in the state of South Dakota. It is also the 48th largest bank in the nation. It was established in 1923 and as of June of 2020, it had grown to 6,855 employees at 515 locations. TCF Bank has an A health rating.

They're even open on Sundays!

I joined TCF Bank when I moved back to southeast Michigan, as my previous bank in New York did not offer locations in my area. I signed up for a checking account from TCF, which included free use of a VISA debit card and no maintenance fees. I now use my card as my primary source of payment for everyday use; I do not carry cash. The web banking site is very user-friendly and secure, which is a huge plus. Another perk of TCF is that most every location is open on Sundays -which is very uncommon! While I typically execute transactions through the ATM or electronically, the staff has also been friendly when I have stopped inside. One thing I do not like is that cash deposited through ATMs after 3 p.m. is not available until the next business day and checks deposited the same way are subject to a two-day hold. Other than that, I am a happy TCF customer!

Small Bank with Potential

Posted by: |

TCF Bank is good at banking the old fashion way. Their mobile app could use some work. I have had times where there were problems with my account and was able to work with a rep directly to get it resolved. Once it was fraud and they closed my account and was able to reopen a new one and another time a check was taken out of my account twice. That time I had to fight for the funds and almost closed my account but the rep who took over the issue was able to get it resolved and kept me as a customer. This bank could use more locations as the ones are few and far between but I believe they are an upcoming bank and will grow in the future.

TCF IRA Closing Fee

is $40. You don't find this out until you have filled out all the paperwork.

Steer CLEAR

Posted by: |

Horrible customer service. I mean absolutely horrible. Representatives are not very knowledgeable, or they try to mislead you. My latest call took TWO HOURS to speak to someone. They don't even have a call back service. It's 2020 people. Get it together. So you literally sit on hold for two hours listening to some awful music. There are enough banks and lenders out there - steer clear of this company.

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Health

Health Grade Components

Overall
FDIC Certificate #28330
Year Established1923
Employees6855
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.06%
Annual Interest Income$933.9MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$50.04B$24.64B
LoansQ2 2020vs Q2 2019$35.61B$19.11B
DepositsQ2 2020vs Q2 2019$39.42B$19.30B
Equity CapitalQ2 2020vs Q2 2019$5.43B$2.52B
Loan Loss AllowanceQ2 2020vs Q2 2019$461.1MM$146.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$285.7MM$110.8MM
Real Estate OwnedQ2 2020vs Q2 2019$42.7MM$12.0MM
Rates

Sorry, we do not have rate data for TCF Bank.

Locations

Availability

Sioux Falls Area

Interactive local rates map


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