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  • Setting Financial New Year’s Resolutions with Peoples Bank

    January 1, 2025

    Categories: Budget, Seasonal

    As the new year approaches, many of us take time to reflect on our goals and aspirations. Whether you’re dreaming of buying a home, starting a business, or simply building a stronger financial foundation, setting clear financial resolutions can help you achieve your objectives! 

    At Peoples Bank, we’re here to support you on your journey, offering the tools, resources, and personalized guidance to turn your resolutions into reality.

    Why Financial...
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    Tags: financial goals, new year, resolutions

  • 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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  • Best Spring Planting Ideas in Illinois

    May 23, 2023

    Categories: Home, Seasonal

    Planting in the Midwest is a science – one month the weather is in the mid-80s and the next below zero with hail. As we spring into the warmer months, it’s time to begin planning your plant list for summer! Keep reading as we guide you through some great garden plants to consider this year. 

    Pre-Plan Your Plants  

    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...
    Learn More

  • 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

  • Spring Improvements to Increase Your Home’s Resale Value  

    May 19, 2022

    Categories: Home, Mortgages, Seasonal

    Thinking of selling your home? We’re here to share some easy springtime renovations to provide the greatest return on your investment. While spring cleaning can be fun, a spring renovation can give you the biggest bang for your buck! 

    Replace the garage door.

    Replacing the garage door...
    Learn More

  • How to Save When Booking Summer Vacation

    April 5, 2022

    Categories: Budget, Family, Saving, Seasonal

    Summer may be a few months away but planning early will ensure a relaxing and affordable experience. Start your planning process now and use these tips to make your summer vacation seamless and inexpensive.  

    Book Airline Tickets Well in Advance 

    Advanced planning is key for a successful, budget friendly vacation. Decide where and when you would like to travel. Consider looking for attractive...
    Learn More

  • Top 3 Recipes for Winter 2022

    February 7, 2022

    Categories: General, Seasonal

    ‘Tis the season to be freezin’... or something like that. As Midwesterners, we’re familiar with the cold and snowy winter months. Staying warm is a top priority. One of the best ways to do so is by enjoying a hearty meal within the comfort of your home. We have come up with three delicious recipes to keep you warm and cozy this February.

    Classic Shepherd’s Pie 

    If you’re looking to...
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  • Fun Winter Activities for Kids

    January 6, 2022

    Categories: Family, Seasonal

    The snow is falling! Now that we have been experiencing our winter wonderland time of year, Peoples Bank of Kankakee County wants to share some of our favorite winter activities for kids.

    Enjoy the Snow

    Obviously, the easiest activity during the next few months is playing in the snow. That could mean building a snowman or fort, sledding, snowboarding and so on. You can also give them some food coloring to...
    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.