State Farm Bank® Truth in Savings Disclosures

This page provides detailed information about the various deposit accounts available at State Farm Bank Information related to interest calculations, minimum opening deposits, potential minimum balance fees, and other noteworthy items are organized by account type.

State Farm Bank deposit accounts are FDIC insured.

Consumer Deposit Accounts

Checking Account

  • This is a non-interest-bearing account.
  • Minimum opening deposit is $25.
  • No minimum balance required and no monthly balance fee.
  • This account may be subject to fees and charges. Refer to the Pricing Schedule for Consumer and Business Deposit Accounts.
  • There are no transaction limits on this account.
  • The initial 50 checks are free. The cost to You for reordering checks is dependent on the style of check You choose.
  • All account holders must be at least age 13, and one person named on the account must be at least age 18.
  • Convenient access to the account by check, ATM, point-of sale, mail, phone, or the Internet.
  • Account statements provided monthly.
  • Overdraft protection available.
  • Can be used as the "Protecting Account" for Overdraft Protection

Business Deposit Accounts

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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