How to Open a Peoples Bank Checking or Savings Account Online

Home Blog How to Open a Peoples Bank Checking or Savings Account Online

Posted On: September 14, 2023 by Peoples Bank of Kankakee County in: Personal Finances Saving

Did you know you can open a Peoples Bank Checking or Savings Account from anywhere? And it typically takes only 3 minutes? That’s right! Although we always enjoy visiting with you in the branch, you can avoid a trip to the bank and open your account 24/7 from the comfort of your couch. Here’s what you need to get started.

Step 1: Decide Which Checking or Savings Account Meets Your Needs

Peoples Bank offers several different options for Personal Checking and Personal Savings. It’s important to do your homework, consider the minimum opening balance requirement, and decide which one is best for you. Click here for our Personal Checking options and here for our Personal Savings options. If you need help, contact one of our Customer Care Representatives at 815-936-7600 and they can help you decide.

Step 2: Gather the Necessary Information

To make the process easy, gather the necessary information before you start the process online. You will need the following:

Current Form of ID: Driver’s license, passport, military ID, or state ID can be used to verify your identification.

Social Security Number

Now that you have the necessary information, you’re ready to open your account!

Step 3: Click “Open An Account Today”

You can find the website link (www.PeoplesBankDirect.com) to open Peoples Bank’s personal checking accounts here and personal savings accounts here. Simply click “Open An Account Today” and begin filling in your information. For Rewards Saver, click “Fill Out Our Online Application.”

Step 4: Begin Filling in Your Information

This part is super easy. It is designed to be interactive so you will be asked exactly what is needed, step by step. Information such as name, contact details, social security number and employment information will be requested.

Step 4: Submit Your Application

You will be guided through each step until all the necessary information is provided. Once you finish, it is time to agree to the terms and conditions and submit your application. You will know immediately if your account is approved and if so, an account number will be assigned. This is a great time to enroll in our safe and convenient online and mobile banking.

Extra Details

Opening an account with Peoples Bank is that simple. Here are a few extra details that may be of interest to you:

A new account may also be opened through the app or online banking. When it is done that way, personal information such as drivers license, social security number, address etc. does not need to be entered. It’s really fast and convenient for existing customers!

You can add a joint accountholder if you know the email address of that person. That person will get an email sent to them with a link so they can sign themselves up to be a joint accountholder. You can also add payable on death beneficiaries, which is handy.

You can fund your new account by using a debit or credit card, transferring from a bank account elsewhere, mailing us a check or stopping by with a deposit. We require the deposit within 10 days or the account will automatically close.

You can download and save or print the disclosures and signature card when complete.

Follow these steps today and you will be on your way to happy banking with Peoples Bank! As always, we are available and happy to help. Contact us today if you need assistance.

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.