BANKING

Interest Checking Account

Designed for those who want it all – plus interest.

This checking account gives you excellent features and benefits without the high fees.

State Farm Bank® deposit accounts are FDIC insured.

Open an Account

Get started in under 10 minutes.

Highlights

  • Open your account with $100 or more.
  • No minimum balance fee with direct deposit.1
  • ATM fee rebates — $10 per statement cycle or unlimited with direct deposit.1 Limitations Apply
  • Online and mobile banking and bill pay.

Bonus Rate Benefits

Get an interest rate bonus with a qualifying2 Money Market Savings combined with other selected State Farm Bank products.

Learn more

Open an interest checking account today with $100 or more. Make a direct deposit (ACH credit) each statement cycle and receive unlimited ATM surcharge rebates.1 Limitations Apply If you're looking for cutting-edge online features, the option to make mobile deposits using your smartphone3, convenient 24-hour access, and a competitive interest rate, this is the account for you!

Features and Benefits

  • Your entire balance will earn interest each day your balance is a minimum of $2,500.1
  • Open your interest checking account with $100 or more.1
  • Variable, tiered interest rate applies.
  • Interest is compounded daily and credited to your account monthly.
  • No minimum balance fee with direct deposit.1
  • No fee for ATMs that are owned by State Farm Bank. Account will be rebated up to $10 per statement cycle when a foreign (non-State Farm Bank owned) ATM is used and the account does not have direct deposit.1 Limitations Apply Unlimited ATM surcharge rebates for foreign ATMs with direct deposit.1 Limitations Apply
  • 24-hour account access by phone or Internet.
  • First check order is complimentary.
  • Overdraft protection is available with a State Farm Bank deposit account or State Farm Visa® credit card.
  • Complimentary online banking and bill payment.
  • Monthly statements available in English or Spanish.
  • Statements available online or by mail.
  • Visa CheckCard or ATM card available.
  • This account is FDIC insured.

Free Visa CheckCard1

Accepted anywhere Visa is accepted, your Visa CheckCard provides the benefits of paying with plastic without the concerns of paying interest.

Features and Benefits

  • All purchases and cash withdrawals made with the Visa CheckCard are deducted directly from your bank account.
  • You get protection against unauthorized use, even if the card is lost or stolen.4

ATM Card

Day or night, our ATM card makes it easy for you to get cash or complete other financial transactions almost anywhere.

Features and Benefits

  • Point-of-sale Personal Identification Number (PIN) purchases (debit purchases) can be made from merchant terminals that display the NYCE, PLUS, PULSE, or STAR network logos.
  • You get protection against unauthorized use, even if the card is lost or stolen.4
  • Withdrawals, transfers, and balance inquiries can be made at ATMs that display NYCE, PLUS, PULSE, or STAR network logos.

Account Eligibility

  • The individual(s) on the account must have a Social Security Number (SSN), Tax Identification Number (TIN), or Individual Taxpayer Identification Number (ITIN).
  • All account holders of a Checking, Interest Checking, or Money Market Savings account must be at least age 13, and one account holder must be at least age 18.
  • Minors may be listed as the primary or secondary account holder. While we do allow minors as account holders, these accounts must be opened on the phone or through a State Farm® agent.

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, IRA, or Business Accounts, where the ownership of the accounts are exactly the same.

3 Compatible mobile phone required; enrollment and terms and conditions may apply.

4 Refer to the Electronic Funds Transfer (EFT) Customer Agreement for more details.

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State Farm (including State Farm Mutual Automobile Insurance Company and its subsidiaries and affiliates) is not responsible for, and does not endorse or approve, either implicitly or explicitly, the content of any third party sites hyperlinked from this page. State Farm has no discretion to alter, update, or control the content on the hyperlinked, third party site. Access to third party sites is at the user's own risk, is being provided for informational purposes only and is not a solicitation to buy or sell any of the products which may be referenced on such third party sites.

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.

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