Here You'll Find the Right Checking Accounts for Your Needs
Free Checking Account
Best account for people who want a free low-maintenance account with lots of features.
Features and Benefits
- No monthly fees
- No minimum balance requirements except to qualify for an interest rate on a savings account.
- ATM fee rebates — $10 per statement cycle or unlimited with direct deposit.1
- Online and mobile banking, bill pay, free Visa® CheckCard, and tons of convenient features!
- When you have qualifying2 Checking and Money Market Savings you may earn an Interest Rate Bonus on your Money Market Savings.
- An average checking account balance greater than or equal to $2,500 earns an interest rate bonus of 0.25% on a money market savings.
- An average checking account balance between $1,500 and $2,499 earns an interest rate bonus of 0.10% on a money market savings.
- An average checking account balance of less than $1,500 will not earn an interest rate bonus on a money market savings account. However, the account will be monitored to determine if it qualifies for a bonus rate in future account cycles.
- Learn more about Bonus Rate Benefits
- Open a new qualifying Money Market Savings and get a 0.25% Interest Rate Bonus for 9 months.
Interest Checking Account
Best account for people who want to earn interest on their account by keeping a higher balance.
Features and Benefits
- Interest accrued daily with a minimum daily balance of $2,500.
- ATM fee rebates — $10 per statement cycle or unlimited with direct deposit.1
- Online and mobile banking, bill pay, free Visa® CheckCard, and tons of convenient features!
- When you have qualifying2 Checking and Money Market Savings you may earn an Interest Rate Bonus on your Money Market Savings.
- An average checking account balance greater than or equal to $2,500 earns an interest rate bonus of 0.25% on a money market savings.
- An average checking account balance between $1,500 and $2,499 earns an interest rate bonus of 0.10% on a money market savings.
- An average checking account balance of less than $1,500 will not earn an interest rate bonus on a money market savings account. However, the account will be monitored to determine if it qualifies for a bonus rate in future account cycles.
- Learn more about Bonus Rate Benefits
- Open a new qualifying Money Market Savings and get a 0.25% Interest Rate Bonus for 9 months.
Comparison Chart
Compare accounts to see which is right for you!
| Free Checking | Interest Checking | Money Market Savings | |
|---|---|---|---|
| Minimum Balance Fee1 | No fee | No fee with direct deposit | No fee with direct deposit |
| Interest Eligible | Checked | Checked | |
| ATM Fee Rebate Eligible1 | Checked | Checked | Checked |
| Minimum Opening Deposit | $25 | $100 | $1,000 |
| Overdraft Protection | Checked | Checked | Checked |
| Online Banking | Checked | Checked | Checked |
| Mobile Banking | Checked | Checked | Checked |
Special Offers on TurboTax® 2014
Get FREE TurboTax Deluxe Online (federal and state) if you're a State Farm Bank® or State Farm Mutual Funds® customer. Others can save up to $20 on TurboTax federal products!
Open an Account
1 Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.
2 Checking or Interest Checking and Money Market Savings is Consumer accounts, not Trust, Estate, Uniform Transfer to Minors, or Business Accounts, where the ownership of the accounts are exactly the same.
State Farm Bank®, Bloomington, Illinois, is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.
