What is the overdraft policy of the bank?

First Midwest Bank offers an overdraft policy to help customers with occasional account shortages. We understand that unforeseen expenses or timing issues can lead to insufficient funds. Our overdraft policy allows eligible customers to overdraw their account by a predetermined amount, typically up to a limit of $500. The bank covers the overdraft, which avoids potential fees from returned checks or declined transactions. However, overdraft protection is subject to approval and is not guaranteed for all customers. Additionally, overdraft fees may apply, and customers are responsible for promptly repaying the overdraft amount. We encourage customers to manage their finances responsibly, and overdraft protection should be used as a short-term solution during emergencies or unexpected circumstances. For further details and to check if you qualify, please contact our customer service team.