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Funds Availability Policy

(Consumer and Business Accounts)

We have adopted a policy designed to give You prompt access to your deposited funds. For determining the availability of your deposits, every day is a business day, except Saturdays, Sundays, and Bank Holidays. Deposits made by mail must be directed to the following address: State Farm Bank, F.S.B., P.O. Box 2316, Bloomington, IL 61702-2316. Deposits cannot be made in person or at any other address, including any office of a State Farm agent.


State Farm Bank deposit accounts are FDIC insured.

Funds Availability Schedule


Funds transferred between State Farm Bank deposit accounts via statefarm.com® or by calling State Farm Bank are available for immediate use if requested by 10:00 p.m. Central Time.


  • Funds from electronic direct deposits will be made available on the deposit date.
  • Funds from wire transfers will be available on the deposit date if received by 3:00 p.m. Central Time.
  • Funds from Same Day ACH deposits will be made available on the deposit date by 5:00 p.m. Central time.
Other delays may apply.


There is a 3:00 p.m. Central Time cutoff for deposits received in the mail. Funds from the following mailed deposits are available for all purposes on the first business day after the day of your deposit:

  • Cash
  • U.S. Treasury checks
  • Checks drawn on State Farm Bank
  • State and local government checks
  • Cashier's, certified, and teller's checks
  • Federal Reserve Bank checks, Federal Home Loan Bank checks and US Postal Service money orders
  • All other checks

Other delays may apply.



  • For transfers You request through your external financial institutions, the funds will be available on the deposit date.
  • If You initiate an electronic transfer from your State Farm Bank account whereby You transfer funds from an external account to your State Farm Bank account these funds will be available no later than the eleventh business day after the day of your deposit, but may be available sooner. If We are not going to make all of the funds from your deposit available on the first business day after the day of your deposit, We will mail You a notice the first business day after We receive your deposit and tell You when the funds will be available.


There is a 6:00 p.m. Central Time business day cutoff time for deposits made at a State Farm Bank owned Automated Teller Machine (ATM). The first $200 of funds You deposit per day to an ATM may be made available on the same day. The remaining funds may be made available on the first business day after the day of your deposit. Longer delays of up to five business days may be invoked on deposited funds received at a non-proprietary ATM (non-State Farm Bank owned ATMs).


We will generally make the first $200 of your deposit available on the first business day after We receive your deposit. In some specific instances, however, We may delay availability of some or all of the funds.

The following specific instances, funds from your deposit may be delayed for a longer period. We reserve the right to hold funds in any account that You may have with Us, even if the funds giving rise to the delay were deposited into another account.

  • We believe a check You deposit will not be paid
  • You deposit checks totaling more than $5,000 on any one day
  • You redeposit a check that has been returned unpaid
  • You have overdrawn your account repeatedly in the last six months
  • There is an emergency, such as failure of communications or computer equipment

If We are not going to make all of the funds from your deposit available on the first business day after the day of your deposit, We will mail You a notice the first business day after We receive your deposit. We will also tell You when funds will be available. Funds may not be available until the eleventh business day after the day of your deposit or the eleventh business day if deposited at an ATM not owned by State Farm Bank.



If You are a new customer, the following special rules will apply during the first 30 days your account is open:

  • Funds from electronic direct deposits to your account will be available on the day We receive the deposit.
  • Funds from deposits of cash, wire transfers, and the first $5,000 of a day's total deposits of cashier's, certified, teller's, traveler's, and federal, state and local government checks will be available on the second business day after the day of your deposit if the deposit meets certain conditions. For example, the checks must be payable to You. If your deposit is a U.S. Treasury check, the first $5,000 will be available on the first business day after the day of our deposit.
  • Funds from all other deposits will be available on or before the 30th day after the day of your deposit.

Substitute Checks and Your Rights


To make check processing faster, Federal law permits banks to replace original checks with "substitute checks." These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: "This is a legal copy of your check. You can use it the same way you would use the original check." You may use a substitute check as proof of payment just like the original check. Some or all of the checks that You may receive back from Us may be substitute checks. This notice describes rights You have when You receive substitute checks from Us. The rights in this notice do not apply to original checks or to electronic debits to your account. However, You have rights under other law with respect to those transactions.


In certain cases, Federal law provides a special procedure that allows You to request a refund for losses You suffer if a substitute check is posted to your account (for example, if You think that We withdrew the wrong amount from your account or that We withdrew money from your account more than once for the same check). The losses You may attempt to recover under this procedure may include the amount that was withdrawn from your account and fees that were charged as a result of the withdrawal (for example, bounced check fees). The amount of your refund under this procedure is limited to the amount of your loss or the amount of the substitute check, whichever is less. You also are entitled to interest on the amount of your refund if your account is an interest-bearing account. If your loss exceeds the amount of the substitute check, You may be able to recover additional amounts under other law. If You use this procedure, You may receive up to $2,500 of your refund (plus interest if your account earns interest) within 10 business days after We received your claim and the remainder of your refund (plus interest if your account earns interest) not later than 45 calendar days after We received your claim. We may reverse the refund (including any interest on the refund) if We later are able to demonstrate that the substitute check was correctly posted to your account.


If You believe that You have suffered a loss relating to a substitute check that You received and that was posted to Your account, please call Us at 877-SF4-BANK (877-734-2265), if You are deaf, hard of hearing, or do not use your voice to communicate, You may contact Us via 711 or other relay services, or write to Us at P.O. Box 2316, Bloomington, IL 61702-2316. You must contact Us within 40 calendar days of the date that We mailed (or otherwise delivered by a means to which You agreed) the substitute check in question or the account statement showing that the substitute check was posted to your account, whichever is later. We will extend this time period if You were not able to make a timely claim because of extraordinary circumstances. Your claims must include:

  • A description of why You have suffered a loss (for example, You think the amount withdrawn was incorrect)
  • An estimate of the amount of your loss
  • An explanation of why the substitute checks You received is insufficient to confirm that You suffered a loss
  • A copy of the substitute check and the following information to help Us identify the substitute check: check number, the name of the person to whom You wrote the check and the amount of the check

IRAs

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State Farm Bank®, F.S.B., Bloomington, Illinois ("Bank") 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 may be subject to investment risk, including possible loss of principal invested. The 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 visiting statefarm.com® or by contacting the Bank at 877-SF4-BANK (877-734-2265); If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services. To apply for a Bank product, you may also see your participating State Farm agent.