Hunting Bank & TCF Financial have announced that they will be merging in an all stock deal valued at approximately $22 billion to create a top 10 U.S. Regional Bank. The merger is expected to be completed in Q2 of 2021. Both TCF and Huntington Bank have frequently offer bank bonuses, although currently only Huntington is offering a bonus. If you’ve had a TCF account in the past it might make sense to sign up for a Huntington bonus now to avoid any complications regarding eligibility in the future.
Hat tip to reader Scott S
It’s awful. My mortgage has gone through so many banks; now it’s being moved to Huntington. They’re already screwing it up! I play a lot of bank games and Huntington is by far the worst of them. I would never have any of my “real” accounts here. They don’t let you close accounts online and when I had an account with them a couple years ago (to get the bonus), I went into the branch to close it and these yayhoos couldn’t figure out how to close an account. There’s no secure messaging system of any kind, you can’t get anyone on the phone etc. You have to continually go into the bank and stand around in long lines to eventually have them not know what they’re doing. Straight out of the stone ages!! I wish I’d paid the mortgage off last year. I had the money I just wanted to use it for other things, now I feel I’m going to regret not doing it with Huntington servicing it. There’s not enough left of it to be worth refinancing either. Bleh. I hate this bank with a passion.
This is kind of annoying. Both TCF and Huntington run bonuses.
Why is it annoying if both run bonuses? Huntington has better bonuses and they have been available all through the year. I am sure only one will run the bonus after the merger but overall I think it is good news for those in the TCF footprint because TCF sparingly had bonus offers and they lasted for a few days and the branch reps were clueless all the time and they have very inexperience staff (including managers) . I lost the last bonus because after checking for like half an hour and calling another local branch finally she said I was not eligible because I had a checking account before. Because they were closing for the day, I left but later realized that I should have told her that the offer is valid for a new checking account (unless one had open in 12 months) even if one had an account previously.
It’s annoying because 2 bonuses is greater than 1. There will only be one bank after the merger, not 2.
TCF also didnt send out a 1099, no one should be happy about $250 less in bonuses a year
Ask your accountant, if have one who files your taxes. but as far as I know and more importantly as far as IRS is concerned they don’t care and any interest/income earned is supposed to be declared, whether or not a bank sends out 1099 or a interest statement.
$250 was what TCF bonus usually was every year…and if they don’t send a 1099 guess what the IRS doesn’t know…do you tell the irs when you win $50 on the slot machine?
I don’t play the slot machine and while slot machines still may not have the chips to report back to the IRS, they can/get the data from banks.
“if they don’t send a 1099 guess what the IRS doesn’t know” – it may have been like that way back in the 20th century. Things have changed since then and I am sure ever since FATCA was implemented they have upped their game and the softwares to upgrade to the 21st century way of data collection and data mining, I know that they can even get data from all other countries since FATCA and so I am sure they get better data reporting and tracking from domestic banks.
Yes, because that all applies to small winnings or $250 bonuses, they have the manpower for all that lmao
Not so in this case because they both server different markets/states as far as I know – that was my point. Anyway, it is good news for those in the TCF footprint because Huntington has better bonuses and those in Huntington footprint may or may not get TCF bonuses but as I said they offered bonus rarely.
TCF was easy bonuses. Huntington too…
Tcf is garbage, have it as a main bank forever. They just merged with some other bank and the website was down for a week, which is funny because they update their website a year or two before that and it was also a failure. Yay for another update of the website! /s
Why keep them as a main bank if it’s garbage?
Great! Hopefully they now expand the Huntington Voice card to all 50 states
What is so good about the Voice card?
Travel 3% without FTF or AF is not a bad deal
Grocery 3% is not bad either once CF lapses
They have 3% categories no one else has, like Car Repair.
Man Huntington has been one of the best bank bonus for my household. Never had TCF account. Hope they are as generous as Huntington after merger.
This is great news, was reported locally here in the Star Tribune this morning. It is true that TCF has offered occasional bonuses but at most once per year. I am looking at the current Huntington offers and at least one of theirs has essentially been ongoing for years. When TCF had one, it might have been open for a month or so, sometimes pulled. This merger will be great for Minnesota residents doing bank bonuses.
As an HBAN shareholder and a bonus hungry Minnesotan this is very welcome news.
I really like the fact that my Jewel osco has TCF with the $2500 checking account you get free checks, cashier checks and no fee coin machine … i’ll be really mad if they take that away…
Will this help us get the Huntington cards after the merger?
Huntington footprint: Ohio, Illinois, Indiana, Kentucky, Michigan, Pennsylvania, and West Virginia
TCF footprint: Minnesota, Illinois, Michigan, Colorado, Wisconsin, Ohio, and South Dakota
I’m guessing anyone outside those states will still be ineligible for their products.
So basically useless even at this point