TCF bank might not be one of the powerhouses when it comes to ATM networks, but they’re not a slouch.
While some of their competitors control a vast network of ATMs, TCF has a more modest number of ATMs in handpicked locations in the United States.
You’re standing right next to a TCF-branded ATM right now. You’re with your card and you’ll like to withdraw cash or make a deposit. However, you don’t know what is the TCF ATM Limit for your specific transaction.
We’ve got you covered in this article. Here, you’ll not only learn about the ATM limits for using TCF machines, but you’ll also learn some workarounds to get around these limits for a comfortable banking experience.
Why Are There Limits On TCF ATMs?
If you are an experienced banker who has previously used a couple of banks, you must have noticed that these banks typically place certain ATM transaction limits.
These limits are annoying, to say the list. You kept your money with the bank, out of your own free will. Why can’t you take it back, out of your own free will?
Well, they have their explanations, and if critically reviewed, do make sense. Here are some of the reasons why your bank keeps setting an unwelcome limit for your ATM transactions.
The foremost reason why TCF Bank won’t allow you to go to an ATM to withdraw a hundred thousand dollars in one day is your security.
If you can make unlimited transactions using your card and someone illegally got access to your card details, they can withdraw all the money in your account, leaving you empty.
If your card is FDIC-insured, you can’t lose more than $50 from this caliber of theft. FDIC insures itself by not allowing the thief to withdraw too much money in the first place.
Also, ATM robbers exist, and you cannot be too careful. Your bank helps you to be careful by only giving you limited money.
- Limited cash
Many people think of a bank as somewhere with almost an unlimited supply of money. This perception is far from being the case.
Banks keep enormous amounts of money, no doubt, but they don’t keep too much money. Chances are that your bank cannot afford to give you the total amount of money in your account at once, especially if you’re Bill Gates.
If the security factor is out of the question, the limited supply of cash in a bank is another reason why banks limit ATM transactions. Next time you hit a TCF ATM limit, remember that your bank is poor, lol.
All TCF ATM Limits (Purchase/Withdrawal/Deposit Limit)
There are several transactions that you can carry out at an ATM, each with its corresponding limits.
In this section, we’ll review all the limits you can encounter while using a TCF Bank ATM. We’ll also look at how it compares to ATMs from other banks across the United States.
- TCF ATM Withdrawal Limits
Your daily withdrawal limit at a TCF Bank ATM depends largely on your account type. TCF limits the amount you can withdraw at an ATM using their debit card to $520 or 15 withdrawals.
This limit implies that you can’t withdraw more than $520, and the $520 must be completed within 15 transactions. If you withdraw $10 15 times from a TCF Bank ATM, you will be disallowed to make further transactions, locking your daily limit to $150.
This limit is something you should keep in mind while making withdrawals.
If you want to withdraw more than that, you might want to consider getting a Private Bank Debit Card. TCF Bank Private Debit cards have a more generous withdrawal limit of $2,020.
Also, a Private Debit Card doesn’t lock you down to the restricting 15 transactions per day; you can make up to 30!
How TCF Bank ATM Limits Compare
Reviewing the $520 limit on ATM withdrawals, you might be tempted to ask: Is that the best banks can do?
Well, it turns out that TCF ATM limits are just a bit poor with ATM limits. Many banks allow you to withdraw upwards of $1000 with a regular debit card.
If you’re a fan of “no charges,” you might find TCF’s policy impressive. You get charged for almost nothing, but you have to make do with the $520 or less.
If that is a problem for you, you can get the Private Bank Debit Card.
How To Get Around Tcf Atm Limits
- Try Upgrading Your Card.
The Private Debit Card gets a $2,020 withdrawal limit and lets you make up to 30 transactions per day. If the regular TCF Bank account limits don’t sound manageable, you might want to consider getting a Private Debit Card.
Also, if you’ll be withdrawing cash from your account frequently, don’t open a savings account; you can’t withdraw more than six times a month!
- Calling Your Bank
If you need cash for a very urgent transaction, you can call TCF Bank to increase the limit temporarily. Depending on your recent transactions and how well you can verify yourself, you should get a raise without much stress.
- Visit A Branch
ATM limits apply to ATMs only, so you can walk up to a cashier at your bank to withdraw funds. While there are no hard limits as to how much you can withdraw, withdrawing $10,000 at a time will attract the government’s attention as your bank is required to report such transactions.
If TCF Bank reports your transaction, you might need to disclose the source of your funds to the government. There’s nothing bad about doing that.
TCF ATM limits aren’t steep enough to handle extravagant cash withdrawals. If you find yourself at the ATM so many times every day, you might want to consider getting a Private Debit Card.
Note that you might get even lower limits if you operate a student account, as they’re designed to help you save money.
Now you know how much you can withdraw from your ATM in a single day.