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Glossary -- Online Banking and Transfers
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 
 
A 
 
account statement
A periodic summary of account activity for your checking or savings account.
 
available balance
The amount available for immediate withdrawal as set forth in your account contract with TCF.
 
 
B 
 
balance or account balance (as shown on the Activity page for checking and savings accounts)
The most recent balance shown is your account balance effective as of the time updated during TCF's nightly processing. TCF's nightly processing begins at approximately 10:30 p.m. Central Time on a business day and ends approximately at 6:00 a.m. the next morning. However, these times can change without notice. This balance is sometimes referred to as the "ledger balance." Subsequent balances reflect deductions for the posted transactions shown, but do not reflect the available balance in your account at the time of posting. The amount shown in the Balance column may not all be available for immediate withdrawal, for example, because:

  • The balance may not yet be updated to reflect all transactions. These may include checks you have written and automatic or online payments scheduled to be made from your account. Updating occurs during TCF's nightly processing.
  • TCF may not have been notified of all transactions. These may include, for example, checks you have written that TCF has not yet received and posted or debit card transactions that TCF did not authorize (or differ from the amount TCF authorized).
  • Debit card authorizations and pending withdrawals and transfers (shown under “Transactions pending”) reduce the amount available for immediate withdrawal, although they have not yet been deducted from your account balance. Your debit card authorizations may not all be shown because, for example, they were not approved recently or they were approved during TCF's nightly processing.
  • Pending deposits (shown under “Transactions pending”) have not yet been added to your account balance and are not available for withdrawal.
  • Check deposits that have been added to your account balance may not all be available for immediate withdrawal under TCF's funds availability schedule.
  • Bank service charges you have incurred may not have posted yet to your account. These include, for example, any monthly maintenance fees, overdraft and returned item fees, PIN fees for point-of-sale transactions, and ATM fees.
  • Funds in your account we have placed on hold are not available for withdrawal, although they may be included in your account balance.
The order that transactions appear in your transaction history is not necessarily the same order they were posted to your account.
 
 
C 
 
complete transfers
The number of recurring transfers to make. For example, if you create a recurring transfer to occur monthly for 12 months, enter Complete 12 Transfers.
 
continue transfers until further notice
Indicates that you want the recurring transfer to occur without a set number of transfers. If you select this, you cannot enter a number in the Complete Transfers field.
 
credit
The amount of a transaction that is or will be added to your account balance.
 
current balance including pending transactions (as shown on the Balance and Activity pages for checking and savings accounts)
Your account balance as defined above as adjusted by certain pending transactions. Pending transactions include:

  • Teller, telephone, and online deposits, withdrawals and transfers you have made since the time your account balance was last updated during TCF's nightly processing.
    TCF's nightly processing begins at approximately 10:30 p.m. Central Time on a business day and ends at approximately 6:00 a.m. the next morning. However, these times can change without notice. Pending deposits may not all be available for immediate withdrawal. Pending withdrawals and transfers reduce the amount available for immediate withdrawal.
  • Authorizations by TCF for debit card transactions that have not yet posted to your account ("settled"). Debit card authorizations reduce the amount available for immediate withdrawal. All your debit card transactions may not be shown, and the amount TCF authorized may differ from the transaction amount.
  • Any ACH transactions where TCF has received notice of the transaction but it has not yet posted it to your account. Pending ACH withdrawals reduce the amount available for immediate withdrawal, while pending ACH deposits may not be available for immediate withdrawal.
Pending transactions do not include the following, but reduce the amount available for immediate withdrawal when posted:
  • Transactions that we do not know about such as:
    • Checks you have written that have not yet posted to your account.
    • Debit card authorizations that have been outstanding for more than three business days and debit card transactions that may never have been submitted to us for authorization.
    • Debit card transactions where the amount changed after we authorized them. This can happen, for example, in cases where you add a tip to your bill at a restaurant or if you use your card at a gas pump.

  • Bank service charges that have not yet been deducted from your account balance. For some, it may take up to two business days to post, while others only post at month end.
  • Holds placed on your funds.
  • The portion of any check deposit not yet available for withdrawal under TCF's funds availability schedule.
To avoid overdrafts, please keep careful track of all your transactions and balance your records against your account statements every month. For further information, contact us or refer to your account contract on the Disclosures and Agreements web page.
 
 
D 
 
date (for pending transactions)
The day the transaction occurred.
 
date (for posted transactions)
The Business Day the transaction is posted to the account. A transaction that is posted to an account may still be returned if the account is overdrawn or the transaction would cause the account to be overdrawn if it was paid.
 
debit
The amount of a transaction that is or will be subtracted from your account balance.
 
deposit only account
You may set up transfers to another person's TCF account, called a deposit-only account. However, you cannot view any balance or transaction information in the deposit-only account or perform any other account functions. For example, you can set up transfers to your college-age child's account with TCF even though you are not an owner on the account.
 
display
The time period for which you want to view transactions. You can specify a date range, or enter the number of days, counting back from the current date.
 
download to
The personal financial management program on your computer to which you want to download information.
 
 
F 
 
frequency
How often you want the recurring transfer to occur.

  • If you enter a frequency, you must also enter the number of times to make the recurring transfer.
  • Or, if you want the transaction to occur indefinitely, select the Continue Transfers until further notice option.

  •  
 
I 
 
indefinitely
Indicates that you want the transfer to occur with no time limit or end date. If you select Indefinitely, you cannot enter a number in the Complete Transfers field.
 
 
N 
 
number
The check number for which you are searching; used only for check transactions. Use this field when you are searching for a specific check number.
 
number of transfers
For a recurring transfer, the number of times you want the recurring transfer to occur
 
 
P 
 
posted
A transaction is "posted" when it is processed against your account during nightly processing. Your account balance increases when credits are posted. Your account balance decreases when debits are posted. The order in which transactions are shown may not be the same order in which they are posted to your account.
 
 
R 
 
recurrence
The frequency for a recurring transfer
 
 
S 
 
statement date
The date of the online statement currently displayed.
 
 
T 
 
type
The type of transaction for which you are searching. Refer to the language in the Transaction column on the Activity page for examples of valid transaction types.
 
transfer
The process of moving funds from one account to another
 
transfer amount
The amount you want to transfer. This amount must be above the minimum and below the maximum amounts set for transfers by TCF.
 
transfer date
The date you want the online transfer to start processing. If the transfer is a recurring transfer, this is the date for the first recurring transfer. If you enter a non-processing transfer date, the transfer will be displayed on the Online Banking screen as "pending" until the end of the next Business Day.
 
transfer from
The name, number, and current balance of the account from which the funds are transferred. Only accounts that are enabled for transfers are listed.
 
transfer to
The name and number of the account to which you are transferring funds. Only accounts that are enabled for transfers are listed.
 
 
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