State Farm® Visa® Cards with Chip Technology
State Farm Bank® is converting its Visa credit and debit cards to feature an embedded chip that improves security when used at a point of sale (POS) or ATM that is chip enabled. Chip technology will soon become the security standard in the U.S. because it has proven successful in reducing counterfeit fraud in over 130 countries around the world. Chip technology is the next step in providing you enhanced security.
Chip-enabled terminals are common in most foreign countries, but the United States has just started this transition. You will be seeing more and more merchants convert to the chip-enabled terminals.
- At most merchants, who are not yet chip-enabled – Nothing changes. You can still swipe your card to pay just like you have in the past.
- At a retailer or merchant that has a chip-enabled terminal-
- Insert your card face-up into the terminal and follow the prompts on the screen.
- Leave the card inserted into the terminal during the entire transaction. Removing the card before completed will interrupt the transaction.
- For most purchases, you will be prompted for a signature to complete the purchase.
- Remove the card when prompted and take your receipt.
- For phone or online transactions – Nothing changes. Simply provide the same information you do today to complete your transaction.
- At an ATM – Nothing changes. With a PIN, you can use your card to access your account at any ATM. At chip-enabled ATMs, simply leave your card in the machine until your transaction is complete.
Frequently Asked Questions
Chip technology will soon become the security standard in the U.S. because chip technology has proven successful in reducing counterfeit fraud in over 130 countries around the globe, including Canada and Mexico, as well as most of Europe, South America and Asia.
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.