Overdraft Options

We know how hard you work for every dollar, so we help you make every dollar count. At First Midwest, we offer three overdraft options to help you manage your money, making First Midwest Checking accounts even smarter. Your First Midwest Banker will work with you to determine which option is right for you . . . helping protect you against the cost, embarrassment, and inconvenience of an overdraft on your account.

First Midwest Overdraft Options

Overdraft Privilege

Overdraft Privilege helps protect you against the cost, embarrassment, and inconvenience of an accidental overdraft on your account by giving you a reserve for emergencies or unexpected situations. There is no charge for having this privilege on your account unless you use the service. If you do not overdraw your account, you will never be charged an overdraft fee.

With Overdraft Privilege, you can elect Standard Coverage which covers checks, ACH items, and recurring debit transactions. When you extend your Overdraft Privilege coverage, your ATM and everyday Debit Card transactions will be covered as well.

Use the link below to learn more about the control and flexibility you can have in managing your First Midwest Checking, Savings, and Money Market accounts.

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Ready Cash

Ready Cash, an unsecured line of credit1 through your First Midwest Checking account, helps you manage unexpected expenses and gives you the peace of mind knowing you’re covered against temporary cash flow shortages. You can access your Ready Cash line of credit by writing a check, using your First Midwest Debit Card, or by visiting the branch nearest you for a cash advance. Most of all, it’s a safeguard against overdrafts and an increase in your purchasing power.

With Ready Cash:

  • Funds are automatically advanced into your checking account in $100 increments (up to your approved credit limit) when your checking account funds are depleted.
  • Your checking account is automatically debited for monthly payments, or you can pay off the balance at any time.
  • Interest rates are often lower than most credit cards.

Call 800-241-1749 to add Ready Cash to your First Midwest relationship today.

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Custom Auto Transfer

If Ready Cash doesn't sound like the right fit, you can also establish a Custom Auto Transfer (CAT) between your First Midwest Checking and Savings accounts, where funds from your savings account are automatically transferred into your checking account when your checking account funds are depleted.

Call 800-241-1749 to establish a Custom Auto Transfer between your First Midwest Checking and Savings accounts today.

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Additional Information

And, for more information on overdrafts, please visit the Federal Reserve Board's website.

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