TCF bank is not one of the ATM network’s powerhouses, but they are not slouches.
While some of their rivals operate a massive network of ATMs, TCF operates a smaller network of ATMs in carefully selected sites around the United States.
You are now standing next to a TCF-branded ATM. You’re in possession of your card and wish to withdraw cash or make a deposit. However, you are unaware of the TCF ATM limit applicable to this particular transaction.
This essay will cover all of your bases. Not only will you learn about the ATM restrictions for TCF machines, but you’ll also learn about potential workarounds for a more comfortable banking experience.
Why Are TCF ATMs Restricted?
If you’re a seasoned banker who has already used a few banks, you’re probably aware that these institutions often impose specific ATM transaction restrictions.
These restrictions are vexing, to put it mildly. You choose to keep your money with the bank. Why are you unable to reclaim it of your own volition?
To be sure, they have their justifications, which, when rigorously examined, do make sense. The following are some of the reasons why your bank continues to impose an unpleasant limit on ATM transactions.
The primary reason TCF Bank would not let you to withdraw a hundred thousand dollars from an ATM in a single day is for your protection.
If you have the ability to conduct limitless transactions with your card and someone obtains your card data unlawfully, they can remove all the money in your account, leaving you penniless.
If your card is FDIC-insured, the maximum loss from this type of fraud is $50. The FDIC protects itself by preventing the criminal from withdrawing an excessive amount of money in the first place.
Additionally, ATM robbers exist, and caution cannot be overstated. Your bank assists you in being prudent by only providing you with a restricted amount of money.
Many people envision a bank as a location with a virtually infinite amount of money. This is far from the truth.
Banks, without a doubt, hold vast sums of money, but not excessively so. Chances are, your bank cannot afford to give you the whole balance in your account immediately, even if you are Bill Gates.
If the security concern is eliminated, the restricted cash supply in a bank is another reason banks restrict ATM activities. The next time you reach a TCF ATM limit, keep your mind that your bank is impoverished, lol.
Limits on all TCF ATM transactions (Purchase/Withdrawal/Deposit)
At an ATM, you may do a variety of transactions, each with its own set of restrictions.
This section will go through all of the restrictions that may apply while using a TCF Bank ATM. Additionally, we’ll compare it against ATMs from other banks around the United States.
• ATM Withdrawal Limits at TCF
Your daily withdrawal limit at a TCF Bank ATM is largely determined by the type of account you have. TCF limits the amount you can withdraw using their debit card at an ATM to $520 or 15 withdrawals.
This means that you cannot withdraw more than $520 in a single transaction, and the $520 must be spent within 15 transactions. If you withdraw $10 from a TCF Bank ATM 15 times, you will be unable to make additional transactions, limiting your daily withdrawal limit to $150.
This is something to keep in mind as you make withdrawals.
If you need to make a larger withdrawal, you may wish to consider obtaining a Private Bank Debit Card. TCF Bank Private Debit cards come with a more generous $2,020 withdrawal limit.
Additionally, a Private Debit Card does not restrict you to a maximum of 15 transactions each day; you may make up to 30!
Comparing TCF Bank ATM Limits
When you consider the $520 ATM withdrawal limit, you may be inclined to ask: Is this the best banks can do?
As it turns out, TCF ATM restrictions are a little short on ATM limits. Numerous banks enable you to withdraw up to $1000 with a standard debit card.
If you’re a proponent of “no fees,” you may find TCF’s stance admirable. You are charged nearly nothing, but must settle for $520 or less.
If this presents a difficulty, you can obtain a Private Bank Debit Card.
The Private Debit Card has a withdrawal limit of $2,020 and allows for up to 30 transactions per day. If the standard TCF Bank account restrictions do not appear to be manageable, you may choose to investigate obtaining a Private Debit Card.
Additionally, if you anticipate often withdrawing funds from your account, avoid opening a savings account; withdrawals are limited to six times each month!
If you require cash for an urgent transaction, you may contact TCF Bank to temporarily boost the limit. You should receive a raise without much difficulty based on your previous transactions and your ability to authenticate yourself.
ATM limitations apply exclusively to ATMs; you may withdraw dollars at your bank’s cashier. While there are no strict limits on how much you may withdraw, taking $10,000 at a time will draw the attention of the authorities, since your bank is compelled to record such activities.
If TCF Bank reports your transaction, you may be required to reveal to the government the source of your cash. There is nothing wrong with that.