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Business Services Industry

7-Eleven® Stores and TCF Bank Sign Agreement to Offer Free ATM Access in More Than 580 Stores

Business Wire,  Sept 1, 2005  

DALLAS -- 7-Eleven, Inc. and TCF National Bank just made it more convenient for TCF Bank customers to get free ATM services. In an agreement with TCF Bank, an affiliate of Minnesota-based TCF Financial Corporation, 7-Eleven(R) stores offer free ATM transactions to TCF customers in Colorado, Illinois, Indiana and the greater Detroit metropolitan area.

"Just like 7-Eleven customers, TCF Bank customers are oriented toward convenience in their daily lives," Dan Engel, senior vice president and head of TCF Bank's ATM network, said. "Because we share the same customer base in many respects, partnering with 7-Eleven to expand our ATM presence by more than 580 locations makes customer access to their money and to the variety of products offered by 7-Eleven that much more convenient."

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ATMs will be labeled with TCF Bank signage inside 7-Eleven stores. TCF Bank customers can take advantage of 583 conveniently-located ATMs, including 7-Eleven's 100 Vcom(R) financial services kiosks, at 7-Eleven stores in those states, all without ATM fees. All the locations are open seven days a week, 24 hours a day.

Vcom, short for "virtual commerce," is 7-Eleven's proprietary, self-service machine, which allows customers to cash payroll, tax refund and government checks, pay certain bills, conduct ATM transactions, money transfers, and purchase money orders and stored-value cards.

Through 7-Eleven's ATMs, TCF Bank customers can withdraw cash and/or transfer funds between personal checking and savings accounts as well as purchase Western Union money transfers at Vcom kiosks in area 7-Eleven stores, while purchasing gasoline or grabbing a sandwich and beverage.

"TCF Bank and 7-Eleven are both open 7 days a week to respond to the needs of the busy consumer," said Rick Updyke, 7-Eleven's vice president of business development. "With this agreement, TCF's current and prospective customers have more convenient locations to conduct their daily financial transactions along with satisfying their convenience needs."

About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises more than 5,800 7-Eleven(R) stores in the United States and Canada and licenses close to 22,800 7-Eleven stores in 17 other countries and U.S. territories. During 2004, 7-Eleven stores worldwide generated total sales of approximately $41 billion. Find out more online at www.7-Eleven.com.

About TCF

TCF is a Wayzata, Minnesota-based national financial holding company with $12.6 billion in assets. TCF has 435 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. Find out more online at www.tcfexpress.com including ATM locations.

COPYRIGHT 2005 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning