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TCF National Bank Announces Payroll Direct Deposit Service

Company Release - 12/20/2005 4:07 PM ET

WAYZATA, Minn., Dec. 20 /PRNewswire-FirstCall/ -- TCF National Bank announced today a new service for small and middle market businesses to offer direct deposit to their employees. TCF Express Direct Deposit is a fully web- enabled service that allows businesses to send direct deposits to their employees' checking or savings accounts automatically each payday. Employers access a secure Website and update direct deposit information each pay period or simply authorize the release of a previous payroll file containing all the necessary information to transfer funds from the company payroll account to the employee account using the safety and convenience of the Automated Clearing House (ACH) network.

"With TCF Express Direct Deposit, even the smallest of businesses can now take advantage of the ACH network for electronic payroll deposits to themselves and participating employees," said John Schroeder, TCF EVP and Director of Business Banking. "The introduction of TCF Express Direct Deposit reinforces our long-term commitment to serving the needs of our business customers." TCF means business, and serves the needs of our business customers with Free Small Business Checking and a variety of other checking and savings accounts, loans, insurance, leasing and investment products, merchant services, check collection and cash management services. For more information or to contact a Business Banker, call 612-TCF-BIZZ.

TCF is a Wayzata, Minnesota-based national financial holding company with $12.7 billion in assets. TCF has 442 banking offices in Minnesota, Illinois, Michigan, Wisconsin, Colorado and Indiana. Other TCF affiliates provide leasing and equipment finance, securities brokerage, and investments and insurance sales.

SOURCE  TCF Financial Corporation

    -0-                             12/20/2005
    /CONTACT:  Jason Korstange of TCF Financial Corporation
, +1-952-745-2755/
    /Company News On-Call:  http://www.prnewswire.com/comp/840750.html /
    /Web site:  http://www.TCFExpress.com /
    (TCB)

CO:  TCF Financial Corporation
; TCF National Bank
ST:  Minnesota
IN:  FIN
SU:  PDT

JR-AM
-- CGTU033 --
0514 12/20/2005 16:07 EST http://www.prnewswire.com

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