Tap & Pay With Your Phone Using Mobile Wallet

Home Blog Tap & Pay With Your Phone Using Mobile Wallet

Posted On: June 15, 2023 by Peoples Bank of Kankakee County in: Personal Finances

It used to be that phones were simply used to make a phone call. Who does that anymore? Today we use our phone for just about everything else. Now you can even add your Peoples Bank debit card to your mobile wallet and leave your physical card at home.

What is a Mobile Wallet?

A mobile wallet is a digital means of storing debit, credit, ID, healthcare, loyalty, and gift cards; bus, train and theatre tickets can be stored there too. Even hotel cards and online purchases can be stored in a mobile wallet.

Here are the main reasons to consider using a mobile wallet:

Convenience: This may be the number one benefit of mobile wallet. Since smartphones are always with us, the convenience of always being available and not shuffling through a physical wallet filled with plastic cards is appealing. Mobile wallets can even be stored in a smart watch or Fitbit®.

Time Savings: Mobile wallets make purchases faster. This reduces checkout lines and gets customers out the door faster. Who doesn’t like that?

Health Risk Reduction: Mobile wallet payments are contactless, allowing customers to avoid those yucky germs on payment surfaces.

Increased Security: Mobile wallet offers safer shopping than swiping your physical debit or credit cards. When a card is swiped, the magnetic strip can be read by any magnetic scanner. This leaves it vulnerable to thieves stealing the card’s information. Mobile wallet, on the other hand, uses encryption technology. This means your card number is never revealed to the merchant, keeping your transactions secure.

Additionally, mobile wallets have an extra layer of protection because a PIN code, fingerprint, or face ID recognition is required.

How To Add Your Peoples Bank Debit Card to Your Mobile Wallet

Today, smart devices come with the most common apps preloaded. If you have an iPhone for example, your phone will likely have the Apple Wallet app already installed. The other prominent mobile wallet app options include Google Pay for Android phones and Samsung Pay for Samsung phones.

Here are the steps to set it up:

Launch the app
Take a photo of your debit card or enter its information
Follow the instructions provided in the app
Repeat this same process if you would like to add other cards or tickets to the mobile app

How Do Mobile Wallets Work?

It’s simple! If you see the contactless symbol shown below on a vendor’s contactless payment reader:

Unlock and authenticate your smart device (with your PIN code, fingerprint, or face ID)
Open your mobile wallet app
Select your Peoples Bank debit card
Hold the device a few inches above the payment reader
That’s it! Your payment is complete

Mobile wallet scan pay

If you have any questions about Mobile Wallet, we are here to help. Visit your local branch or contact Customer Care Services at 815-936-7600. As always, thank you for choosing Peoples Bank!

*Date rates may apply

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:

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.
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.