What is the overdraft policy of the bank?

First Midwest Bank has an overdraft policy designed to manage situations where an account holder's balance falls below zero, ensuring that customers can access funds to cover transactions even when their accounts are overdrawn. Generally, the bank offers a couple of options to handle overdrafts, including an overdraft protection service linked to another account or a line of credit. With overdraft protection, funds may automatically transfer from a linked savings account or another eligible account when the primary account does not have sufficient funds to cover transactions. If an account holder does not have overdraft protection in place, First Midwest Bank may still process transactions that exceed the available balance, but account holders should be aware that this may incur overdraft fees. The bank typically informs customers about these fees, which can vary based on factors such as the type of account and the nature of the transaction. Customers are encouraged to monitor their account balances and transactions regularly to avoid overdrawing their accounts. For specific details about fees, limits, and options for overdraft protection, First Midwest Bank's current website is a valuable resource. It provides comprehensive information that can help account holders make informed decisions regarding their overdraft needs.