TCF Bank

Overview / Commentary
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 45th largest bank in the nation. It was established in 1923 and as of December of 2019, it had grown to 7,778 employees at 544 locations. TCF Bank has an A+ health rating.

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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.

Average Bank

Posted by: |

Overall, TCF Bank is average. Its big, has tens of thousands of customers and hundreds of branches. Its not a bank where you'll get awesome customer service every single time. As a former employee, we found that many people complain about TCF (more so than Wells Fargo, BMO etc.) and even to your face. However, more often than not, these people usually have or had a difficult time managing their money and incur fees which they agreed to upon opening their accounts and then complain that they are being unfairly treated. In the past, TCF's fee structure was set up unfairly. As far as I know, this was addressed to make the bank more competitive, by being one of the first mainstream banks in MN to offer a 100% free checking account.



Health Grade Components

FDIC Certificate #28330
Year Established1923
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD1.09%
Return on Equity - YTD9.73%
Annual Interest Income$1.59B
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$46.63B$23.71B
LoansQ4 2019vs Q4 2018$34.58B$19.01B
DepositsQ4 2019vs Q4 2018$34.66B$19.04B
Equity CapitalQ4 2019vs Q4 2018$5.53B$2.43B
Loan Loss AllowanceQ4 2019vs Q4 2018$113.1MM$157.4MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$186.6MM$109.8MM
Real Estate OwnedQ4 2019vs Q4 2018$34.3MM$17.4MM
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Always verify rates and promotions with the bank or credit union. We are not TCF Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

TCF Bank Savings Account Rates

0.10%--TCF IRA Savings
0.02%--Cash Management Retirement/Education Account
0.02%--SEP Savings Account
0.01%--TCF Power Savings
0.01%--TCF Regular Savings
0.01%--ZEO Savings
0.01%--TCF Affinity Savings
0.01%--TCF Free Savings
0.01%$1k-TCF Elevate Savings - New Money (In Branch Only)

TCF Bank Money Market Rates

0.10%*$25k*$1mTCF Business Premier Money Market - New Money (In Branch Only)
OTHER TIERS: 0.01% $10k - $25k
0.01%--TCF Small Business Money Market
0.01%--TCF Power Money Market

TCF Bank Checking Account Rates

0.01%--TCF Premier Checking
0.01%--TCF Premier 62+ Checking
0.01%--TCF Affinity Checking
0.01%--TCF Alumni Checking - In Branch Only

TCF Bank CD Rates

0.50%$500-15 Month Promotional CD - New Money (In Branch Only)
0.30%$500-48 - 59 Month CD
0.30%$500-36 - 47 Month Relationship CD
0.30%$500-48 - 59 Month Relationship CD
0.30%$500-60 - 120 Month Relationship CD
0.30%$500-60 - 120 Month CD
0.30%$500-36 - 47 Month CD
0.20%$500-30 - 35 Month CD
0.20%$500-30 - 35 Month Relationship CD
0.15%$500-18 - 29 Month CD
0.15%$500-18 - 29 Month Relationship CD
0.10%$500-12 - 17 Month CD
0.10%$500-12 - 17 Month Relationship CD
0.05%$500-3 - 11 Month CD
0.05%$500-3 - 11 Month Relationship CD

TCF Bank IRA Rates

0.50%$500-15 Month Promotional IRA - New Money (In Branch Only)
0.30%$500-36 - 47 Month Relationship IRA
0.30%$500-48 - 59 Month Relationship IRA
0.30%$500-60 - 120 Month Relationship IRA
0.30%$500-36 - 47 Month IRA
0.30%$500-48 - 59 Month IRA
0.30%$500-60 - 120 Month IRA
0.20%$500-30 - 35 Month IRA
0.20%$500-30 - 35 Month Relationship IRA
0.15%$500-18 - 29 Month IRA
0.15%$500-18 - 29 Month Relationship IRA
0.10%$500-12 - 17 Month IRA
0.10%--12 - 17 Month Relationship IRA
0.05%$500-3 - 11 Month IRA
0.05%$500-3 - 11 Month Relationship IRA


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