TCF launches new service aimed partly at the 'underbanked'

Banks are starting to make a bigger play for a market they’ve long ignored: people without a traditional bank account.

The latest company to aim for customers outside the financial mainstream is TCF Financial. The Wayzata-based company is rolling out a service called ZEO at its 342 branches Monday that enables customers to cash checks, start a savings account, deposit money directly to a reloadable prepaid debit card and pay bills — all without a standard checking account.

http://www.startribune.com/tcf-launches-new-service-aimed-at-the-underbanked/380321361/