Fine Print- Checking Account Agreement

A Student Checking account would be classified as what type of account according to the Agreement?

• Basic

• Special

• Premium

• Premier

Which of the following is TRUE about a TCF Free Student Checking Account?

• The minimum deposit to open the account is $25.

• The monthly maintenance fee is $15 per month.

• The account earns interest, which makes this a good savings account too.

• There is a $3 withdrawal fee for using an ATM in the TCF ATM Network.

Assuming you have a TCF Free Student Checking Account, which fee would end up costing you extra money?

• Out-of-network ATM Fee

• Monthly maintenance fee

• Paper statements fee

• Account closing fee

You choose Option A for Overdraft Options. What would happen if you had $30 in your checking account and you tried to take out $45 at the grocery store using your debit card?

• Your transaction would be denied, you’d have to return the groceries, and you would be charged an overdraft fee.

• Your transaction would be denied, you’d have to return the groceries, and you would NOT be charged an overdraft fee.

• Your transaction would be processed so you can purchase the groceries, but you would NOT be charged an overdraft fee.

• Your transaction would be processed, but you’d have to return the groceries, and you would be charged an overdraft fee.

You choose Option B for Overdraft Options. Assume that you have $30 in your checking account and $50 in your savings account. What would happen if you tried to take out $45 at the grocery store using your debit card?

• Your transaction would be denied and you would have to return the groceries if you didn’t have the cash to pay for it.

• Your transaction would be approved since the bank would transfer money from your savings to your checking account, and you’d be charged a $10 fee.

• Your transaction would be approved since the bank would transfer money from your savings to your checking account, and you’d be charged a $37 fee.

• Your transaction would be approved and the entire $45 bill would be charged to your savings account, not your checking account.

You choose Option D for Overdraft Options. What would happen if you had $10 in your checking account and completed the following debit card transactions on the same day:

$45 for groceries

$20 for movie tickets

$15 for popcorn and soda

• You would be able to purchase the groceries, but would not be able to buy the movie tickets and popcorn and soda.

• You would be able to purchase everything, and you would be charged one overdraft fee of $37.

• You would be able to purchase everything, and you would be charged three overdraft fees totaling $111.

• You would be able to purchase everything, and you would owe the bank $70 and be charged three overdraft fees totaling $111.

Assuming you have a TCF Free Student Checking Account, how many maximum overdraft fees can you incur in one day?

• 1

• 2

• 5

• 8

Which of these TCF checking account fees is the MOST expensive?

• Stop Payment Fee

• Deposited Item Return Fee

• Paper Statements Fee

• Overdraft Fee

You have the following transactions post to your account on the same day: your paycheck deposit, a check you wrote for your rent, and a debit transaction for groceries. Which would be processed FIRST?

• Your paycheck deposit

• The check you wrote for rent

• The debit transaction for groceries

• It depends which day of the week it is

You deposit your birthday check for $50 at the TCF ATM. When will you have access to the money?

• Immediately

• Same day

• One business day

• One week later