State Farm Interest Checking
in Checking Accounts from State Farm · Member FDIC
Would you recommend State Farm Interest Checking to your friends?
| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 - $10 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| APY (Annual Percentage Yield) | 0% - 0.10% |
State Farm Interest Checking Review
State Farm Interest Checking is offered by State Farm, a financial services company founded in 1922 and based in Bloomington, IL. State Farm Interest Checking is available in 50 states (and Washington, DC).
- Low APY. The maximum annual percentage yield for this account is only 0.10%.
- Charges a monthly fee. This account charges a monthly maintenance fee of up to $10.
- No minimum initial deposit. There is no minimum balance required to open an account.
- No ATM fees. State Farm Interest Checking does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through State Farm.
- Hard credit pull. State Farm may require a hard pull on your credit report to open a checking account.
| Pros | Cons |
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Are checking accounts from State Farm federally insured?
Yes, your State Farm checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does State Farm Interest Checking offer?
State Farm Interest Checking offers an APY starting at 0% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2500.
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | 0% - 0.10% |
What are the account minimums for State Farm Interest Checking?
State Farm Interest Checking does not require a minimum initial deposit.
| Description | Amount |
|---|---|
| Minimum Opening Deposit | $0 |
| APY Minimum Balance | $2,500 |
What fees does State Farm Interest Checking charge?
This account charges a monthly maintenance fee of up to $10.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 3% |
| Monthly Fee | $0 - $10 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $25 |
| Overdraft Protection Fee (per transfer) | $3 |
| Paper Statement Fee | $5 |
| Returned Deposit Fee (Domestic) | $10 |
| Returned Deposit Fee (International) | $10 |
| Stop Payment Fee | $25 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $15 |
| Wire Transfer Fee - International (Incoming) | $15 |
| Wire Transfer Fee - International (Outgoing) | $35 |
| ATM Fee: Out-of-Network | $0 |
What features and perks does State Farm Interest Checking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - State Farm Interest Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - State Farm Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
Contact
- Headquarters
-
One State Farm Plaza
Bloomington, IL 61701 - Visit Site
Other Services by State Farm
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| APY Minimum Balance | $2,500 |
| Minimum Opening Deposit | Starting at $0 |
State Farm Interest Checking Community Reviews
Would you recommend State Farm Interest Checking to your friends?
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