My business account was just Cypressed!!!

I just got my statement from my small business acct in Michigan. They took out $35 on a 9k balance with no warning. The top of the statement says
“We recently completed a comprehensive review of our treasury management services and our business deposit accounts. as a result, certain fees will be charged effective January 1. (Lots of BS about how they will help small businesses). We trust that you will find our pricing remains competitive and reflects the optimal value for your business. Thank you for choosing TCF Bank.”

I’ve just been Cypressed. Time to close out the account. Is this happening everywhere? They don’t mention if they charge the fee annually or monthly. They called the subtracted money “less average float”. I only have about 5 transactions per year.

It appears to be a weekly fee. Two deductions totaling $70 was subtracted from my account in the first 10 days of the month.

Last Edited by williams123 on 01/23/2021 12:12 AM