Internet Bill Payment Service Disclosure

Service Terms and Conditions (Consumer Accounts Only)

Important: The following changes are effective June 26, 2017

Payment Scheduling:

  • The business day cutoff time for scheduling payments is being extended from 3:00 p.m. Central Time to 8:00 p.m. Central Time. There is NO change to the 6 p.m. Central Time business day cutoff for scheduling paper check (Expedited Payments) to be delivered overnight for a fee.

Payment Authorization and Payment Remittance:

  • The Bill Payment application does not review your account for Overdraft Protection. If your Payment Account does not contain sufficient funds to complete a transaction, the payment will not be made regardless of whether You have Overdraft Protection on your Payment Account.

Non-sufficient Funds:

  • This section is being removed. If the Payment Account does not have sufficient funds on the Send On date, the payment will not be processed and an email will be sent providing notification.

Failed or Returned Transactions

  • In using the Bill Payment Service, payments will not be returned therefore, you will not receive a return notice.

State Farm Bank® deposit accounts are FDIC insured.

Service Definitions

Bill payment service may be available on your State Farm Bank account, and is subject to daily transaction limits.

The following definitions apply to the bill payment service available on your State Farm Bank account: Service means the bill payment service offered by STATE FARM BANK — BILL PAY, through Fidelity National Information Services, Inc.

Agreement means these terms and conditions of the bill payment service. Biller is the person or entity to which You wish a bill payment to be directed or is the person or entity from which You receive electronic bills, as the case may be. Payment Instruction is the information provided by You to the Service for a bill payment to be made to the Biller (such as, but not limited to, Biller name, Biller account number, and Send On date). Payment Account is the account from which bill payments will be debited. Billing Account is the account from which all Service fees will be automatically debited.

Business Day is every Monday through Friday, excluding Federal Reserve holidays. When making payments, the Send On date is the date your payment will be generated. The Deliver by date is the date payment is received by Your Biller. For your convenience, the Send On date and the Deliver by date are displayed within the Smart Calendar function when making a payment. Due Date is the date reflected on your Biller statement for which the payment is due; it is not the late date or Grace Period. Scheduled Payment is a payment that has been scheduled through the Service but has not begun processing.

The Send Money Online feature allows You to transfer money to another recipient. The funds will be sent to the recipient no later than 1 – 2 business days, depending on the option You select. The funds will be debited from your payment account immediately.

We may refuse to honor bill payment transactions for IRA Money Market accounts, even though the service for these transactions is not restricted by the system.

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 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.

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