Important Information about Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an Account.
What this means for you: When you open an Account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Underwriting Standards
State Farm Bank ("Bank") encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by contacting the Bank at 1-877-SF4-BANK (1-877-734-2265). To apply for a Bank product, you may also see your participating State Farm agent.
Additional Agreements and Authorizations
By submitting this application, you are applying for a credit card account with State Farm Bank, F.S.B.("State Farm Bank" or "we"). You acknowledge that you have reviewed all the information entered on the application and affirm that it is true and complete. You must be at least 18 years of age and a U.S. citizen or permanent resident alien with a valid permanent home address within the 50 United States or the District of Columbia to be eligible to apply. To be eligible for this Account you must have a checking or savings account with any financial institution and be a student enrolled in a post-secondary school. You authorize State Farm Bank to obtain one or more consumer credit reports to determine your eligibility for credit, renewal of credit, future extensions of credit or any other legitimate business purpose in connection with your Account. We will verify your credit status, income and other information. Based on this, we determine the actual credit line on your Account and may issue credit on different terms. We will consider your application for a State Farm Bank Student Visa card with a credit line of at least $500. Students with a household income of more than $15,000 a year should consider applying for a different State Farm credit card. State Farm Bank reserves the right not to open any Account. If an Account is opened, you agree that the use of the Account, Account number, or any card issued in connection with the Account constitutes your acceptance of, and is subject to, the terms and conditions (including binding arbitration) of the State Farm Bank Credit Card Agreement and Disclosure Statement ("Cardholder Agreement") that will be sent with your card(s). State Farm Bank, in its sole discretion, may allocate your payments to balances with lower APRs (including introductory offers and new transactions) before balances with higher APRs. You agree to be responsible for all charges incurred on the Account according to the Cardholder Agreement. For joint credit card Accounts, you are responsible, both together and individually, for the entire outstanding balance on the Account. You also agree that the Cardholder Agreement and your Account are governed by Federal law and by the laws of the State of Illinois to the extent that Federal law is not controlling, and that the Cardholder Agreement is subject to change (including, but not limited to, an increase in rates and fees). The terms described in this application supersede those in all previous applications.
Notice to Married Wisconsin Residents
No provision of any marital property agreement, unilateral statement, or court order applying to marital property will adversely affect State Farm Bank interests unless prior to the time credit is granted, State Farm Bank is furnished with a copy of the agreement, statement or court order, or State Farm Bank has actual notice of the provision.
Married Wisconsin residents must furnish the name and address of their spouse to:
State Farm Bank®
P.O. Box 84062
Columbus, Georgia 31908-4062 |
State Farm Bank®
Equal Housing Lender
