It’s A Privilege For Our
Checking Account Clients
Unanticipated expenses or mathematical errors can leave your checking account short of cash. In addition, having a check returned due to insufficient funds is terribly embarrassing. We have created Overdraft Reserve as a special privilege specifically for Peoples Bank of Kankakee County checking account clients whose accounts are in good standing. There is absolutely no charge for this service unless you use it. You need not sign anything. Your Overdraft Reserve limit has been automatically assigned to you.

How Does It Work?
As long as you maintain your Peoples Bank of Kankakee County checking account in good standing, we may, at our discretion, honor your overdrafts up to the limit assigned. If you use Overdraft Reserve, the Bank will deduct its normal overdraft charge of $25.00 per check and $18.00 ($25.00, effective November 15, 2007) on all other items. We will notify you by mail when an overdraft occurs. The notice will reflect the item(s) paid, as well as the bank’s charge for the overdraft item(s). It is important to subtract the fees from the balance in your checkbook.

Going Over Your Overdraft Reserve Limit
Should you write checks that put you over your Overdraft Reserve limit, the Bank may, at our discretion, return the check or checks to the payee(s). In addition, the normal insufficient funds fee of $25.00 per check and $18.00 ($25.00, effective November 15, 2007) on all other items will be charged to your account. An insufficient funds notice will be mailed to you.

Overdraft Reserve Covers ATM and Debit Cards
Your Overdraft Reserve privilege may extend to transactions made at an ATM or with your Debit Card. In the case of an ATM, the balance shown on your receipt will reflect your actual balance, not including your Overdraft Reserve limit. Other transactions which may, at our discretion, be honored under the Overdraft Reserve privilege include:

• Checks and other debits cashed at teller windows
• Debit card purchases
• ACH debit transactions (automatic payments)
• Checks issued to a third party
• Automatic loan payment

Overdraft Reserve Covers All Existing Eligible Accounts

Overdraft Reserve privileges may be granted on all checking accounts in good standing.

Repaying Overdrafts And Fees
You will be required to bring your checking account into a positive balance within 15 calendar days of your overdraft. If, after 15 days your account remains in a negative position, we may close your account and take appropriate steps to recover funds advanced to cover your overdrafts, as well as the Bank’s fees.

Overdraft Reserve Is In Force Today
Overdraft Reserve privileges may start the moment you open your personal checking account.