BANKING

Switching Banks

Switching Your Bank Account to State Farm Bank® is as Easy as 1-2-3.

You're ready to change your bank account to State Farm Bank, but you don't want to go through the trouble of changing your direct deposit, converting your automatic transfers and payments and closing your old account.

State Farm Bank deposit accounts are FDIC insured.

Just follow these simple steps and you'll be on your way to better banking in no time.

1. Apply for a new State Farm Bank account.

2. Change your electronic transactions, automatic payments, direct deposits and automatic funds transfers to your new State Farm Bank account.

  • Balance your old bank account to determine how much you need to cover all your outstanding transactions. See How to Balance your Checkbook in 10 Easy Steps [PDF-1.2MB].
  • Switch your bills (such as your insurance, car payment, mortgage, etc.) to be automatically withdrawn from your State Farm Bank account, by completing the Request for Transfer of Automatic Payments Form [PDF-79.8KB] for each of those payments (Adobe Acrobat® Reader required).
  • Direct Deposit your payroll to your State Farm Bank account by requesting the necessary form(s) from your employer. Or use our convenient Direct Deposit Form [PDF-191.4KB]. You may need your State Farm Bank account number, the State Farm Bank ABA routing/transit number [071174431] and a voided State Farm Bank check.
  • Watch for all of your automatic payments and direct deposits to be applied to your State Farm Bank account.

3. Balance and close your old account.

If you have questions about switching your account to State Farm Bank, please call 877-SF4-BANK (877-734-2265).

Thank you for putting your trust in State Farm Bank.

MOVING?

Updating your address is easy with State Farm®.

Get Started

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.

Federal Deposit Insurance Corporation Logo
Equal Housing Lender Logo