The Advantages of Online & Mobile Banking

Home Blog The Advantages of Online & Mobile Banking

Posted On: December 12, 2024 by Peoples Bank of Kankakee County in: Personal Finances Saving

In today’s fast-paced world, convenience and efficiency are more important than ever—especially when it comes to managing your finances. Online and mobile banking have revolutionized the way we bank, providing access to essential financial services from the palm of your hand. Whether you're checking balances, paying bills, or transferring funds, these tools make it easier to stay in control of your money anytime, anywhere.

Why Online & Mobile Banking?

Online and mobile banking aren't just about convenience—they're about giving you the freedom to manage your finances on your terms. Here’s how these services can benefit you:

1. 24/7 Accessibility

Forget the 9-to-5 banking hours. Online and mobile banking let you check your accounts, make payments, and manage finances anytime, day or night. Need to transfer funds at midnight or check a deposit on a weekend? No problem!

2. Convenience at Your Fingertips

With a smartphone or computer, your bank is always within reach. The Peoples Bank mobile banking app allows you to deposit checks and monitor spending without stepping foot into a branch. You can also manage travel plans, receive notifications and instantly set controls on where, when and how your debit card is used.

3. Simplified Money Management

Online banking enables you to monitor your spending, access transaction histories, and categorize your expenses into the following categories: credit card, healthcare, home maintenance and repairs, insurance, and utilities.

4. Enhanced Security

Worried about safety? Online and mobile banking come with robust security features, including encryption, multi-factor authentication, and instant alerts for suspicious activity. You can also set up transaction alerts to stay informed about your account activity.

5. Fast and Easy Payments

Pay bills, send money to friends, or schedule recurring payments with just a few taps. Mobile banking eliminates the need for paper checks and trips to the post office.

6. Remote Check Deposits

Save time by depositing checks from anywhere using your smartphone’s camera. This feature is especially handy for those who may not live near a branch.

7. Eco-Friendly Banking

Going digital reduces the need for paper statements, receipts, and forms, making online and mobile banking a greener choice.

8. Stay Informed with Real-Time Updates

Get instant notifications about deposits, withdrawals, and account activity. These updates help you stay on top of your finances and spot any unauthorized transactions right away.

Online & Mobile Banking with Peoples Bank

At Peoples Bank, we’re committed to making banking easier and more secure for our customers. Our online and mobile banking tools are designed to fit seamlessly into your busy life. Here’s what you can expect:

User-Friendly Mobile App: Manage your accounts, transfer funds, and deposit checks with ease.
Real-Time Alerts: Stay informed about account activity to ensure your money is secure.
Advanced Security Features: Bank with confidence knowing your accounts are protected.
Smart Business Tools: Simplify operations with our suite of online banking solutions tailored to businesses.

Whether you’re managing personal finances or running a business, Peoples Bank has the tools you need to take control of your banking anytime, anywhere.

Get Started Today

Ready to experience the advantages of online and mobile banking? Download the Peoples Bank personal mobile app or business mobile app or visit our website to enroll today. Make banking simple, secure, and stress-free with Peoples Bank—banking made better.

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.