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  • The Role of Technology in Personal Banking: Benefits and Security Tips

    July 15, 2024

    Categories: Cybersecurity, Personal Finances

    In recent years, technology has revolutionized personal banking, making financial management more convenient and accessible than ever before. From mobile banking apps to comprehensive online account management, these advancements have transformed how we interact with our finances. 

     

    At Peoples Bank, we embrace these technological innovations to enhance our customers' banking experience while prioritizing their security. 

     

    Learn More

    Tags: personal banking, security, Technology, Technology in Personal Banking

  • Guarding Your Finances: Protecting Yourself from Fraud and Identity Theft

    April 3, 2024

    Categories: Cybersecurity

    In today's digital age, where convenience and connectivity go hand in hand, protecting yourself from fraud and identity theft is more crucial than ever. Fraudulent activities can lead to financial losses, damage your credit score, and even impact your personal life. 

    Here are essential tips to help you safeguard your finances and personal information:

     

    1. Monitor Your Accounts Regularly: Learn More

    Tags: credit report, cybersecurity, fraud, fraud and identity theft, identity theft, password, scam

  • Identity Theft Protection: Essential Steps to Safeguard Your Bank Account and Personal Information

    October 12, 2023

    Categories: Cybersecurity

    Online and Mobile Banking allow you to enjoy 24/7 convenient account access. You can transfer money, make purchases, open accounts, and more. While benefiting from today’s digital world, keeping your personal and financial information safe is critical. This month, during Cybersecurity Awareness Month, we'll walk you through simple steps to protect you and your business against identity theft.

    Understanding the Threat 

    Cybersecurity...
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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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  • 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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  • Top Cybersecurity Practices to Secure Your Cellphone 

    August 16, 2022

    Categories: Cybersecurity

    We use our mobile devices for just about everything in both our work and personal lives. We browse the internet, use apps, and email daily. It is now more important than ever for us to educate ourselves and actively take steps to ensure our cellphone is secure. Otherwise, we are making ourselves vulnerable to phishing, hacking, and leaking large amounts of valuable data. 

    Learn More

  • Cybersecurity Tips for Your Elderly Loved Ones

    March 28, 2022

    Categories: Cybersecurity, Family

    When it comes to older individuals, cybersecurity is often overlooked. Instead of hoping for the best, it’s important to educate those who might not know how to spot cybercriminal activity. Here are some valuable reminders for your elderly loved ones: 

    Even if an email looks legitimate, there’s a chance it is not 

    Learn More

  • Pack Your Bank in Your Back Pocket on Summer Vacation

    June 28, 2021

    Categories: Cybersecurity, General, Personal Finances, Saving

    It’s the season for vacations and we actually get to leave our homes! This year, we can do more than change our Zoom background to a sunset on the beach, and Peoples Bank of Kankakee is here to help you and your family make memories to last a lifetime. Before you hop on a plane or pack the car, learn about different digital banking services that will make your vacation a breeze.

    Online Bill Pay

    There’s no need to stress about paying your bills on vacation. Rather...
    Learn More

  • How to Protect Your Social Media Accounts

    February 18, 2021

    Categories: Cybersecurity, General

    Social media is growing and expanding each day, with nearly 3 billion people on Facebook and over 2 billion on YouTube. Platforms like these along with Instagram, Twitter, Snapchat and more require usernames and passwords, but there’s always the unfortunate chance that your account is compromised. We’re here to provide you with a few simple things you can do to protect your social media accounts. 

    Learn More

  • Unemployment Fraud

    January 5, 2021

    Categories: COVID-19, Cybersecurity, Personal Finances

    Unemployment Fraud

    Have you received an unemployment debit card or unemployment insurance letter, but have not filed a claim for benefits? If you answered yes, there are some important steps you need to take to report the fraud and help protect yourself.

    First, be sure to notify your human resources department immediately. Then report the fraudulent claim to the Illinois Department of Employment Security (IDES). Click here to be directed to IDES identity...
    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.