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THIS AGREEMENT is made by and between the COMPANY ("You") whose name appears as the signatory and State Farm Bank® ("Bank", "We", "Us"). In consideration of the mutual promises and obligations in this Agreement, You and We agree, as follows:
Your State Farm Bank® Visa® Business CheckCard may be used to access your Business Checking Account or Business Interest Checking Account as designated by You on your application or by subsequent request. Your Business Money Market Savings or Business Savings Account may be linked to the same card as your Business Checking or Business Interest Checking account.
Each State Farm Bank Visa Business CheckCard Cardholder receives a card and a personal identification number (PIN). All State Farm Bank Visa Business CheckCards must be signed upon receipt by the Employee(s).
Company and Employee(s) acknowledge that each PIN shall be afforded the highest level of security and shall be known only to the Cardholder. The PIN should not be disclosed to anyone or written anywhere. Bank assumes no duty to discover any breach of security by Company or Employee(s) or the unauthorized disclosure or use of a PIN. Further, You agree to reveal your PIN only to Bank Personnel authorized to receive PIN changes.
The card(s) remain the property of the Bank and must be surrendered upon demand. Company must notify the Bank of the termination of an Employee or other Cardholder's authority to use a card.
Company represents and warrants, on behalf of itself and Employee(s) that the card(s) will only be used for business purposes and will not be used for consumer and/or personal purposes. The Bank is not responsible for the refusal of anyone to honor the card(s).
Provided funds are available in your account, You may use your State Farm Bank Visa Business CheckCard to perform the following:
Charges for withdrawals, deposits, transfers, and balance inquiries are set by the Bank and are currently:
Your ability to make purchases or withdraw funds is subject to the available balance of your account and the following limits:
You may apply to have your daily withdrawal and/or purchase limit increased or decreased by providing written notice to Us at State Farm Bank, P.O. 2316, Bloomington, IL 61702-2316. Such modification, if approved, shall be effective not later than 10 days following receipt by Us. In no event will your daily withdrawal limit be less than $200 per day, subject to the availability of funds in your account. You may have your CheckCard limits lowered to $200 per day or your CheckCard privileges revoked at the discretion of the Bank.
Deposits made at a participating ATM, whether in cash, check, draft or money order, are subject to our Funds Availability Policy, which has been provided to You at the time You opened your account or it has been mailed to You.
If You believe your card has been lost or stolen or that someone has transferred or may transfer money from your account without your permission, You should telephone Us AT ONCE. Telephoning Us is the best way to minimize your potential losses. You should telephone 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 to have your rebate applied to your account, or write to Us at P.O. Box 2316, Bloomington, IL 61702-2316.
Notify Us AT ONCE if You believe your statement reflects a Transaction made using your card without your authorization. Telephone 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 to have your rebate applied to your account, or write to Us at: P.O. Box 2316, Bloomington, IL 61702-2316.
You will be liable for the amount of unauthorized Transactions made with your card as follows:
If special circumstances, such as extended travel or hospitalization, prevent You from notifying Us within the time periods specified above, the time periods will be extended to a reasonable time.
The State Farm Bank Visa Business CheckCard is not to be used for any gaming or wagering Transactions, including Transactions for casino chips, bets, wagers, Internet gambling, or any other gaming or wagering Transaction. State Farm Bank reserves the right to decline Transactions for casino chips, bets, wagers, Internet gambling, or any other gaming or wagering Transaction.
We will not be liable if any other bank, any ATM, or any seller or lessor of goods or services refuses to honor your card or retains your card when You attempt to use it. Even though You have available funds in your Account, We may fail or decline to authorize a particular Transaction due to operational difficulties or, at our discretion, for other reasons We deem to be appropriate.
You acknowledge that the ATM or CheckCard has been issued by, and remains the property of State Farm Bank, and may be revoked or canceled at any time without prior notice to You. You agree to surrender immediately your card(s) to Us upon demand. You may elect to cancel your card(s) at any time by surrendering and returning your card(s). Cancellation by You will not be effective until your card(s) is actually received by Us.
Visa is a registered trademark of Visa International Service Association.
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-VISA (877-734-8472). 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.