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  • Don’t Repeat These 4 Home Buying Mistakes

    April 15, 2024

    Categories: Home, Mortgages

    Buying a home is a significant life milestone, but it can be a complex and sometimes overwhelming process. Learning from the mistakes of others can save you time, money, and stress on your home buying journey. 

     

    Here are four common home buying mistakes to avoid:

    1. Skipping the Pre-Approval Process:

    One of the most crucial steps in the home buying process is getting pre-approved for a mortgage....
    Learn More

    Tags: buying a home, home buying mistakes, home ownership, mortgage, pre-approval

  • Guide to Mortgage Pre-Approval: Your Key to Homebuying Success

    March 8, 2024

    Categories: Budget, Home, Mortgages, Personal Finances, Saving

    Embarking on the journey to homeownership is an exciting milestone, but navigating the mortgage process can feel overwhelming without proper guidance. At Peoples Bank, we understand the importance of making informed decisions when it comes to purchasing a home. That's why we're here to simplify the mortgage pre-approval process and equip you with the knowledge and tools you need to achieve your homeownership goals.

     

    What is Mortgage Pre-Approval?Learn More

    Tags: home owner, homebuyer, mortgage, mortgage pre-approval, pre-approval

  • 10 Point Checklist When Buying a House

    April 6, 2023

    Categories: Home, Mortgages

     

  • The Advantage of Using a Local Lender

    December 22, 2022

    Categories: Home, Local, Mortgages

    When you work with a local mortgage lender, you work face-to-face with an expert. Here are five reasons to consider local when you are ready to make your homeownership dreams come true:

     Local lenders provide the most personalized experience possible.  Rather than dealing with corporate bureaucracy, you’re working with a small team that responds to your needs quickly and efficiently. They listen first, speak plainly, and offer the best...
    Learn More

  • 10 Ways to Freshen Up Your Home

    June 14, 2022

    Categories: Home, Mortgages

    I don’t know about you, but we are feeling inspired to tackle home projects and make some improvements! Spring and summer are great times to address those projects you’ve been putting off. Whether you are selling, renovating, or just wanting a little home facelift, use these tips to inspire a home refresh. 

    Rearrange 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

  • Staging Tips for Selling Your Home

    April 12, 2022

    Categories: Family, Home, Mortgages

    Staging your home can be a hectic task on your plate. Here are a few tips on how you can stage your home easily and on a budget. 

    Make a Good First Impression  

    Good curb appeal will stand out to your buyers immediately. Attractive landscaping and outside projects can take time. If you’re in a hurry to get your exterior looking its best, the first thing to focus on would be removing...
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  • How-To: Staging Your House to Sell

    December 9, 2021

    Categories: Mortgages

    If you’re preparing to sell your home, you’re in the right place. We’re here to provide you with 8 helpful house staging tips so you can make the most of your space and grab the attention of prospective buyers.

    1. Focus on the curb appeal.

    Curb appeal is huge when it comes to first impressions. Some good and relatively cheap ways to make the outside of your home more attractive are to repaint...
    Learn More

  • 5 Adventures to Have in Your Own Backyard

    July 5, 2021

    Categories: Budget, General, Mortgages, Personal Finances, Saving

    Summer is in full swing and the whole family is gearing up for the adventures that this this time of year has to offer. So round up your family and friends and let’s get out there!  

    Adventure 1 – Get out on the water!

    All within driving distance, you can head to Kankakee River, Lake Shelbyville and Clinton Lake. So why not buy a boat, grab the life jackets and make memories that last right...
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  • Unlock Your Home’s Hidden Potential with a HELOC

    June 16, 2021

    Categories: Budget, Mortgages, Personal Finances, Saving

    How many hours do you think you’ve spent staring at the walls inside your home this last year? How many hours did you spend online or on Pinterest trying to find ways to spruce up your home or find new ways to entertain your family? A Home Equity Line of Credit (HELOC) is the perfect way to turn those daydreams into a reality! Check out some of the ways you can unlock your home’s hidden potential with a HELOC.

    Increase the Value of Your...
    Learn More
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.