TCF National Bank ripoff screwed others too ripoff thieves ripoff fraud business consumer fraud ripoff Willowbrook Illinois
TCF National bank is misleadind there customers,and vary dishonest fraudulant billing theives. TCF BANK charges customers
$30 insufficient funds fee if you go over 2 pennies from your account.
I made a mistake of ordering a free credit report from the internet,for $79.95 i did not know that the transaction would would go through because of prevous occasions off trying to purchase things with my debet-card it would decline my card of purchase. the credit report company had given me my money back,but I am still stuck with the service charge. In my contract
it does not state that I can't have my money back for return purchase.
IT'S NOT FAIR FOR TCF TO CHARGE ME FOR A RETURN ITEM !!!
Carita
chicago, Illinois
U.S.A.
5 Updates & Rebuttals
Phil
Chicago,Illinois,
U.S.A.
Banks are companies, not charities. They have to make money somehow.
#6Consumer Comment
Thu, June 03, 2004
My response to Kelly-Bank Teller-Waterford MN. She says "Banks are companies, not charities. They have to make money somehow."
When you go to a bank and agree on a loan, they don't print a new note, mint a single coin, or move an ounce of gold. They simply type into your account the amount they agreed to "loan". Presto, the bank creates money out of nothing and costs them nothing to do it. But from that moment you start paying interest on that money that never and will never exist. It's called credit. This allows banks to lend at minimum, ten times what they have on deposit.
Every time you put a dollar in the bank you're giving them the right to lend ten dollars they don't have. "Fiat" money, "fractional reserve lending" means that banks can creat money out of thin air whenever they want. You sign over "collateral" for a loan.
Your house, land, etc... is counted as an asset of the bank and they can lend ten times it's estimated value to others. You're borrowing your own wealth and paying the bank for the privilege. Once the loan has been made the bank gets its money returned, plus a massive interest payment for it's trouble. Not to mention the late fees they charge because "Banks are companies, not charities. Borrow $100,000.00 for a house, pay the bank $300,000.00 over thirty years, $200,000.00 in interest.
They have to make money somehow." Getting interest on money that doesn't exist seems like a great way to make money to me, Kelly.
Kelly
Waterford,Minnesota,
U.S.A.
banks are companies, not charities
#6UPDATE Employee
Sat, November 29, 2003
Fees are for an overdraw. First, banks are companies, not charities. They have to make money somehow, usually with fees such as your thirty dollar fee. Second, thirty dollars is right around the standard banking fee for an overdrawn account. Whether you go into the negative by 2 pennies or 2 hundred dollars you are still in the negative, you still get charged the $30 fee. Returning the item purchased is not going to reverse this fee. It's just not that simple. Also, your debit card is not always going to turn you down. Usually because ATM/debit cards are at least 48 hours behind. When you swipe your debit card it doesn't know if you've recently made a withdraw, or a deposit, and it has no idea which checks are yet to clear. You can't rely on the card to turn you down if you have insufficient funds on the account. You just have to learn to keep better bank records.
Bank Teller
Kelly
Waterford,Minnesota,
U.S.A.
banks are companies, not charities
#6UPDATE Employee
Sat, November 29, 2003
Fees are for an overdraw. First, banks are companies, not charities. They have to make money somehow, usually with fees such as your thirty dollar fee. Second, thirty dollars is right around the standard banking fee for an overdrawn account. Whether you go into the negative by 2 pennies or 2 hundred dollars you are still in the negative, you still get charged the $30 fee. Returning the item purchased is not going to reverse this fee. It's just not that simple. Also, your debit card is not always going to turn you down. Usually because ATM/debit cards are at least 48 hours behind. When you swipe your debit card it doesn't know if you've recently made a withdraw, or a deposit, and it has no idea which checks are yet to clear. You can't rely on the card to turn you down if you have insufficient funds on the account. You just have to learn to keep better bank records.
Bank Teller
Kelly
Waterford,Minnesota,
U.S.A.
banks are companies, not charities
#6UPDATE Employee
Sat, November 29, 2003
Fees are for an overdraw. First, banks are companies, not charities. They have to make money somehow, usually with fees such as your thirty dollar fee. Second, thirty dollars is right around the standard banking fee for an overdrawn account. Whether you go into the negative by 2 pennies or 2 hundred dollars you are still in the negative, you still get charged the $30 fee. Returning the item purchased is not going to reverse this fee. It's just not that simple. Also, your debit card is not always going to turn you down. Usually because ATM/debit cards are at least 48 hours behind. When you swipe your debit card it doesn't know if you've recently made a withdraw, or a deposit, and it has no idea which checks are yet to clear. You can't rely on the card to turn you down if you have insufficient funds on the account. You just have to learn to keep better bank records.
Bank Teller
Kelly
Waterford,Minnesota,
U.S.A.
banks are companies, not charities
#6UPDATE Employee
Sat, November 29, 2003
Fees are for an overdraw. First, banks are companies, not charities. They have to make money somehow, usually with fees such as your thirty dollar fee. Second, thirty dollars is right around the standard banking fee for an overdrawn account. Whether you go into the negative by 2 pennies or 2 hundred dollars you are still in the negative, you still get charged the $30 fee. Returning the item purchased is not going to reverse this fee. It's just not that simple. Also, your debit card is not always going to turn you down. Usually because ATM/debit cards are at least 48 hours behind. When you swipe your debit card it doesn't know if you've recently made a withdraw, or a deposit, and it has no idea which checks are yet to clear. You can't rely on the card to turn you down if you have insufficient funds on the account. You just have to learn to keep better bank records.
Bank Teller