Our policy is to credit periodic loan payments on the business day it is received. A periodic payment consists of principal, interest, and escrow (if applicable). If we receive a payment that is less than the amount due for a periodic payment, the payment may be held in a suspense account. When the full amount of the periodic payment is received the payment will be applied to your account. For determining the crediting of your payment, every day is a business day except Saturdays, Sundays, and federal holidays. If your payment is received before closing on a business day that we are open, we will consider that day to be the day of your payment. However, if you make a payment after closing or on a day we are not open, we will consider the payment was made on the next business day we are open.
In-person payments are accepted at the following Peoples Bank locations:
- 837 N. Wisconsin Street; Elkhorn, WI 53121
- W5109 Hwy A; Elkhorn, WI 53121
- 29430 Silver Lake Road; Salem, WI 53168
Payments placed in the night depository at the above locations will be posted the same business day if the payment is received by 7:30 a.m.
Payments may be mailed to Peoples Bank at the following addresses:
- 837 N. Wisconsin Street, Elkhorn, WI 53121
- P.O. Box 700; Silver Lake, WI 53170
Payments made via Peoples Bank On-line banking will be credited the same business day if the payment is made by 6:00 p.m. Central Time