TCF bank isn’t a powerhouse when it comes to ATM networks, but they’re not a lightweight either.
While some of their rivals have a large network of ATMs, TCF offers a smaller number of ATMs in carefully selected locations around the United States.
You’re now standing next to a TCF-branded ATM. You have your card and want to withdraw cash or make a deposit. You don’t, however, know what the TCF ATM Limit is for your individual transaction.
This article will cover all you need to know. You’ll learn not only about the ATM restrictions when utilizing TCF machines, but also several methods to get past these limits for a more comfortable banking experience.
Why Are TCF ATMs Restricted?
If you’re a seasoned banker who has already used a handful of banks, you’ve probably realized that these banks often impose specific ATM transaction restrictions.
To put it mildly, these restrictions are vexing. You deposited your money in the bank of your own volition. Why can’t you take it back of your own volition?
They have their explanations, which, when rigorously examined, make sense. Here are some of the reasons why your bank continues to impose an unwanted 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 safety.
If you have the ability to conduct limitless transactions with your card and someone gains unauthorized access to your card data, they can withdraw all of the money in your account, leaving you empty.
If your card is FDIC-insured, you can lose no more than $50 in this type of theft. The FDIC protects itself by not enabling the criminal to withdraw excessive amounts of money in the first place.
Furthermore, ATM robbers exist, and you cannot be too cautious. Your bank encourages you to be cautious by only lending you a restricted amount of money.
Many people imagine a bank as having a nearly limitless source of money. This notion is far from accurate.
Banks, without a doubt, hold vast sums of money, but not excessive amounts of money. Chances are, unless you’re Bill Gates, your bank can’t afford to give you the whole amount of money in your account all at once.
If security is not an issue, a bank’s limited cash supply is another reason why ATM transactions are restricted. Remember that your bank is poor the next time you reach a TCF ATM limit, lol.
TCF ATM Limits (Purchase/Withdrawal/Deposit)
At an ATM, you may do a variety of transactions, each with its own set of restrictions.
In this part, we’ll go through all of the restrictions that you may experience when using a TCF Bank ATM. We’ll also 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 mostly determined by your account type. TCF restricts the amount you may withdraw from an ATM using their debit card to $520, or 15 transactions.
This means you can’t withdraw more than $520, and the $520 must be spent within 15 transactions. If you withdraw $10 from a TCF Bank ATM 15 times in a row, you will be barred from making future withdrawals, limiting your daily maximum to $150.
You should bear this restriction in mind while making withdrawals.
If you need to withdraw more than that, you might think about having a Private Bank Debit Card. The TCF Bank Private Debit card has a higher withdrawal limit of $2,020.
Furthermore, a Private Debit Card does not limit you to only 15 transactions each day; you may make up to 30!
TCF Bank ATM Limits: How Do They Compare?
When you consider the $520 cap on ATM withdrawals, you might be inclined to question, “Is this the best that banks can do?”
TCF ATM limitations, it turns out, are a little short on ATM limits. With a conventional debit card, many banks enable you to withdraw up to $1000.
If you like the idea of “no fees,” you might like TCF’s policy. You are charged nearly nothing, but you must make do with $520 or less.
If this is an issue for you, you can obtain a Private Bank Debit Card.
How to Avoid Tcf Atm Limits
The Private Debit Card has a withdrawal limit of $2,020 and allows you to perform up to 30 transactions each day. If the usual TCF Bank account restrictions do not seem manageable, you should consider having a Private Debit Card.
Also, if you’ll be taking money from your account regularly, don’t establish a savings account; you may only take money from it six times each month!
If you want cash for an urgent transaction, you can contact TCF Bank to temporarily boost the limit. You should earn a raise without much difficulty based on your previous transactions and how well you can authenticate yourself.
ATM limitations apply solely to ATMs, so you may withdraw dollars from your bank by walking up to a cashier. While there are no strict limits on how much money you can take, taking $10,000 at a time will catch the notice of the authorities because your bank is obligated to record such activities.
If TCF Bank reports your transaction, you may be required by the authorities to declare the source of your cash. There’s nothing wrong about doing so.