Overdraft Service Options
We understand. It happens. A deposit is unexpectedly delayed. A mistake is made balancing the checkbook. An unforeseen expense leaves less than the needed amount in your account.
First Midwest has four overdraft service options to help you manage your money and cover a potential overdraft.
- Overdraft Protection
- Overdraft Protection with Extended Coverage
- Ready Cash
- Custom Auto Transfer
Watch the Video. Know Your Options. Understand the Trade-Offs. Make the Best Choice for You.
Overdraft Protection, our standard overdraft service, provides a limited reserve to cover items such as checks, ACH/automated payment items and recurring debit transactions (such as automatic payments for subscriptions, dues, utility bills, etc.) and in-person transactions.
Overdraft Protection with Extended Coverage adds coverage for ATM and everyday debit card transactions to our standard Overdraft Protection service. Learn more about Overdraft Protection.
Ready Cash, an unsecured line of credit2 accessed through your First Midwest Checking account, helps you manage unexpected expenses and gives you peace of mind knowing you are covered against overdrafts that can occur due to 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.
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 those charged by credit cards.
Call 800-322-3623 to apply for Ready Cash today.
Custom Auto Transfer3
If Ready Cash does not sound like the right fit, you can also establish a Custom Auto Transfer (CAT) between your First Midwest Checking, Savings or Money Market accounts, where funds from a designated deposit account are automatically transferred into your checking account when your checking account funds are depleted.
Call 800.322.3623 to establish a Custom Auto Transfer between your First Midwest checking, savings or money market accounts today.
For more information on overdrafts, please visit the Federal Deposit Insurance Corporation's website.