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  • Cultivating Financial Wellness: Tips for Building a Secure Financial Future

    March 18, 2024

    Categories: Family, General, Personal Finances, Saving

    Achieving financial wellness is not just about accumulating wealth; it's about feeling confident and empowered in your financial decisions, regardless of your income or assets. At Peoples Bank, we believe that everyone deserves the opportunity to build a secure financial future, and we're committed to providing the resources and support needed to make that vision a reality. 

     

    Let’s explore practical tips for cultivating financial...
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    Tags: emergency fund, financial wellness, goals, investing

  • Unlock the Ultimate Shopping Secrets for Maximizing Your End-of-Year Budget

    November 9, 2023

    Categories: Family, Seasonal

    As the year wraps up and the holiday season comes around, it's the perfect time to become a shopping pro. We're going to share several tips and tricks that can help you save big and get the most bang for your buck. Say goodbye to overspending and hello to smart shopping. Let's dive in and make your budget go further than ever before!

    Buy Out-of-Season

    Buying clothes out of season can be a hidden goldmine for...
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  • Key Takeaways for Cybersecurity Awareness Month: Protecting Your Finances While Traveling This Holiday Season

    October 5, 2023

    Categories: Cybersecurity, Family, Home

    If you are planning to travel during the upcoming holiday season, Peoples Bank wants your journey to be memorable, cost-effective, and most importantly – safe. As we embrace the spirit of October’s Cybersecurity Awareness Month, remember the importance of safeguarding your finances while embarking on holiday travel. Keep reading as we guide you through tips to amplify your cybersecurity, as well as your savings! 

    Incorporating Essential Cybersecurity...
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  • Essential Packing Tips for Your Epic Road Trip

    August 22, 2023

    Categories: Family

    As you embark on your next road trip, proper packing is an essential step in making your adventure a great one. Here’s the ultimate guide to getting you prepped for an unforgettable trip! 

    The Snacks  

    Once you have the proper cooler for a variety of snacks, let’s dive...
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  • Is Having Fun Only for Kids?

    July 6, 2023

    Categories: Family

    When we think of having fun, we may think back to our childhood days with all the laughter and games played. But here's the truth: having fun doesn't have to stop as we get older! Having fun at any age can come with many health benefits. In today’s blog post, we highlight the health benefits that you can receive by incorporating fun into your life. 

    Relieve Stress  One of the main health benefits...
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  • Fun Ways to Celebrate Independence Day with Friends and Family

    June 27, 2023

    Categories: Family, Home

    The Fourth of July is the highlight of the summer. This special day commemorates the date in 1776 when America’s Declaration of Independence was signed, marking our independence from Britain. Since then, we’ve celebrated each year with barbeques, parades, and fireworks.   

    If you are looking for some festive...
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  • The Best of Spring Trifle Recipes

    April 18, 2023

    Categories: Family, Home

    Spring is here! That means chirping birds, blooming flowers, and outdoor gatherings.  Spring is the PERFECT time for a light, refreshing trifle. If you are looking for a delicious, sweet treat to impress your guests, this blog is for YOU!

    Feeling Fruity

    Raspberry Orange Trifle

    This orange pound cake trifle is filled with raspberry jam, fresh berries, and has a citrus twist!...
    Learn More

  • 20 Things to Do on The First Day of Spring

    March 20, 2023

    Categories: Family, Seasonal

    We did it!  After 89 cold, dark days of winter, we made it to the first day of spring.  Yippee! In order to celebrate, here are 20 things you can do to welcome in spring.  

    Go for a Walk - Even if the weather isn’t perfect, getting outside is a great way to re-energize yourself and get some...
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  • It’s a Good Practice to Notify the Bank of Upcoming Travel

    March 7, 2023

    Categories: Cybersecurity, Family, Seasonal

    It’s a nightmare scenario. You’re out for dinner while away on vacation and give the server your debit card for payment. A couple of minutes go by, and they return to let you know your card has been declined. It’s an embarrassing situation that can easily be avoided. Peoples Bank wants you to understand the importance of travel notifications so you can use your card seamlessly while away.  

    Why...
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  • How to Save Energy in the Fall

    November 15, 2022

    Categories: Family, Home, Seasonal

    The warm days are slowly fading away. After a hot summer, it’s exciting to welcome fall and winter weather. As cold weather arrives, here are some tips to incorporate at home to save energy and money. 

    Use Natural Light to Your Advantage  

    Use the sun’s energy and warmth to your advantage. During...
    Learn More

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What You Need to Know about Overdrafts and Overdraft Fees

An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdrafts in two different ways:

  1. We have standard overdraft practices that are available after your account has been open for 30 days and as long as you maintain your account in good standing.
  2. We also offer an overdraft protection plan, Overdraft Protection Sweep, a link to a savings account.  It may be less expensive than our standard overdraft practices. To learn more, ask us about this plan.

This notice explains our standard overdraft practices.

 

What are the standard overdraft practices that come with my account?

After your account has been open for 30 days and as long as you maintain your account in good standing, we do authorize and pay overdrafts for the following types of transactions:

  • Checks and other transactions made using your checking account number
  • Automatic bill payments

We do not authorize and pay overdrafts for the following types of transactions unless you ask us to (see below):

  • ATM transactions
  • Everyday debit card transactions

We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.

If we do not authorize and pay an overdraft, your transaction will be declined.

 

What fees will I be charged if Peoples Bank of Kankakee County pays my overdraft?

Under our standard overdraft practices:

  • We will charge you a fee of up to $30 each time we pay an overdraft.
  • The maximum daily overdraft fee per presentment or item paid using the Overdraft Reserve Program is $150.00 per day.
  • No per item handling fee will be charged on de minimis overdrafts. De minimis overdraft for this policy means transactions that overdraw your account by $30 or less.
  • There is an overdraft fee of $5 per day that will be charged beginning the 4th consecutive business day your account is overdrawn.

 

Nonsufficient funds (NSF) fees - if an item drafted by you (such as a check) or a transaction you set up (such as a preauthorized transfer) is presented for payment in an amount that is more than the amount of money in your account and we decide not to pay the item or transaction, you agree that we can charge you an NSF fee for returning the payment. Be aware that such an item or payment may be presented multiple times by the merchant or other payee until it is paid, and that we do not monitor or control the number of times a transaction is presented for payment. You agree that we may charge you an NSF fee each time a payment is presented if the amount of money in your account is not sufficient to cover the payment, regardless of the number of times the payment is presented.

PAYMENT ORDER OF ITEMS - The law permits us to pay items drawn on your account in any order (for purposes of this section "items" means checks, orders and electronic transactions). To assist you in handling your account with us, we are providing you with the following information regarding how we process those items. When processing checks and orders drawn on your account our policy is to pay lower numbered checks and orders in numerical sequence, but electronic transactions are paid first in the order received. The order in which items are paid is important if there is not enough money in your account to pay all of the items that are presented. There is no policy that is favorable in every instance.  If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. However, if the largest items are paid first, your most important items might be paid but it may increase the overdraft or NSF fees if funds are not available to pay all of the items. We think our policy attains a reasonable balance between minimizing additional costs to you and paying your more important items. We encourage you to make careful records and practice good account management. This will help you to avoid creating items without sufficient funds and incurring the resulting fees.

 

What if I want Peoples Bank of Kankakee County to authorize and pay overdrafts on my ATM and everyday debit card transactions?

If you also want us to authorize and pay overdrafts on ATM and everyday debit card transactions after your account has been open for 30 days, you may opt in.    

You have an ongoing right to change this consent at any time. If your overdraft privilege has been revoked for any reason, the opt-in or opt-out selection may not apply. Please contact your nearest office for more information.

 

Alternate ways to Opt In/Out or make changes:

  • By Phone.   Our Customer Care Representatives can be reached at 815-936-7600.
  • By Mail.   Peoples Bank of Kankakee County, 333 E. Court Street, Kankakee, IL 60901
  • In Person.  Please visit your local office and ask a representative to help you decide which plan is best for you.