Overdraft Protection Program

Overdrafts happen when you spend more than you have in your bank account. This can result in bounced checks, unfulfilled payments, and more. Overdraft fees are a charge you receive from your financial institution when it covers a payment made that exceeds the amount of funds available in your checking account. With a Midland States Bank checking account, you automatically receive our Courtesy Overdraft Coverage with the option to opt into additional overdraft protection services.

When processing items drawn on your account, our policy is to pay in the following order. (1) ATM/Point of Sale items are paid first. (2) ACH items are paid next. (3) Checks and drafts are paid by lower check or serial number order after ATM/Point of Sale and ACH items. The order in which items are paid is important if there is not enough money in your account to pay all the items that are presented.

There is no policy that is favorable in every instance. If the smallest items are paid first, you may have fewer NSF or overdraft fees, but the largest, and perhaps more important items (such as rent or mortgage payments) might not be paid. If an item is presented without sufficient funds in your account to pay it, we may, at our discretion, pay the item (creating an overdraft) or return the item (NSF).

The amounts of the overdraft and NSF fees are disclosed elsewhere. By paying items in numerical sequence, we believe our policy attains a reasonable balance between minimizing additional cost to you and paying your more important items. We encourage you to keep careful records and practice good account management. This will help you to avoid writing checks or drafts without sufficient funds and incurring the resulting fees.

Change your overdraft election by calling 1-855-696-4352 or visiting a Midland States Bank near you.

We offer the following free services that allow you to check your balance before you pay a bill or make a purchase. Knowing your available balance can help you avoid overdraft related fees:

• Enroll in Midland States Bank Online Banking
• Sign up for account alerts through Online Banking
• Use our Mobile App
• Use your Midland States Bank ATM or debit card at any Midland or Allpoint ATM
• Call our Customer Care Center at 1-855-696-4352

Alerts and Notifications:

Account Alerts – Set low balance alerts in Online Banking that notify you by text message when your account falls below your desired amount. You can also set alerts to notify you of large withdrawals, large deposits, or to send you a regular text with balance updates. All of these are based on the criteria you choose. You can also use the settings section on our mobile app to set up these notifications. · Debit Card Alerts – With the My Card Rules app, you have the ability to deny debit card transactions that exceed the per transaction or monthly spend limits you set.

Text Banking:

Use simple text messages to instantly check your balance, transfer funds, view your transfer activity, and more. To sign up, access additional services in your Midland online banking account.

Call or Stop By: Check your balance by calling 1-855-696-4352, or visiting a branch near you.

Overdraft services are only available for our Liv Simply and Liv Unlimited checking accounts.