Mastering Your Financial Journey: A Guide to Personal Banking Excellence

Home Blog Mastering Your Financial Journey: A Guide to Personal Banking Excellence

Posted On: May 13, 2024 by Peoples Bank of Kankakee County in: Budget Family General Personal Finances Saving

Embarking on a journey toward financial wellness is a transformative experience, and at Peoples Bank, we're dedicated to helping you navigate every step of the way!

In this blog post, we'll delve into the realm of personal banking and finance, exploring the array of services and resources available to empower you on your path to financial success.

1. Personal Checking Accounts: The cornerstone of personal banking, a checking account serves as the hub for your day-to-day financial transactions. At Peoples Bank, we offer a range of checking account options tailored to meet your individual needs. Whether you're seeking a basic account with no monthly fees or a high-yield option with premium benefits, we have you covered. With features such as online and mobile banking, bill pay, and debit cards, managing your finances has never been easier or more rewarding.

2. Savings Accounts and CDs: Building a solid financial foundation requires diligent saving and strategic investment. Our savings accounts and certificates of deposit (CDs) provide secure options for growing your money over time. Whether you're saving for a rainy day, a major purchase, or retirement, we offer competitive interest rates and flexible terms to help you achieve your financial goals. With options such as high-yield savings accounts and IRA CDs, you can maximize your earning potential while maintaining peace of mind.

3. Online and Mobile Banking: In today's fast-paced world, convenience is key. Our online and mobile banking platforms empower you to manage your finances on your terms, anytime, anywhere. From checking your account balance to transferring funds and depositing checks remotely, our user-friendly interfaces make banking on-the-go a breeze. With robust security features and 24/7 access to account information, you can stay connected and in control of your finances at all times.

4. Financial Education and Resources: Knowledge is power when it comes to personal finance. That's why we're committed to providing educational resources and tools to help you make informed financial decisions. Whether you're a first-time homebuyer, planning for retirement, or seeking guidance on budgeting and debt management, our financial experts are here to offer advice and support every step of the way. From informative blog posts to one-on-one consultations, we're dedicated to empowering you with the knowledge and confidence to achieve your financial goals.

5. Fraud Protection and Security: Protecting your financial assets and personal information is paramount. At Peoples Bank, we employ state-of-the-art security measures to safeguard your accounts and data against fraud and identity theft. From encryption technology to multi-factor authentication, we're committed to ensuring the highest level of security for our customers. With proactive monitoring and rapid response protocols, you can trust us to keep your financial information safe and secure.

In conclusion, personal banking is more than just managing money – it's about empowering yourself to achieve your financial dreams and aspirations.

At Peoples Bank, we're dedicated to providing the tools, resources, and support you need to master your financial journey. Whether you're saving for the future, managing everyday expenses, or planning for major life events, we're here to help you every step of the way.

Experience the difference of banking with Peoples Bank and take control of your financial future today!

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.