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  State Farm Interest Checking
State Farm Interest Checking
in Checking Accounts from State Farm · Member FDIC
Unaffiliated

State Farm Interest Checking

Unaffiliated
in Checking Accounts from State Farm · Member FDIC
Net Recommendation Score +100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

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Highlights
Community Rating

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Cashback Rewards N/A
APY (Annual Percentage Yield) 0% - 0.10%
Monthly Fee $0 - $10
Minimum Balance to Avoid Monthly Fee N/A

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 are available in 50 states (and Washington, DC).

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Low APY. The maximum annual percentage yield for this account is only 0.10%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. State Farm Interest Checking does not charge fees on ATM transactions.
  • ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through State Farm.

State Farm Interest checking account Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Higher than average wire transfer fees.
  • Monthly service charge.

State Farm Interest checking account FAQ

Are checking accounts from State Farm federally insured?

Yes, your deposits 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 account offer?

State Farm Interest checking account 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 an average beginning day balance of at least $2500.

State Farm Interest checking account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0% - 0.10%

What are the account minimums for State Farm Interest checking account?

State Farm Interest checking account does not require a minimum initial deposit.

State Farm Interest Checking Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Earn APY $2,500

What fees does State Farm Interest checking account charge?

This account charges a monthly service fee of up to $10.

State Farm Interest Checking Fees
Description
Monthly Fee $0 - $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $3
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does State Farm Interest checking account charge overdraft fees?

Yes, State Farm Interest checking account charges a $25 fee for every overdraft. You can get overdraft protection at a cost of $3 per transaction.

What features and perks does State Farm Interest checking account offer?

This account includes the following features:

  • ATM rebates - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - State Farm Interest checking account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - State Farm Interest checking account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for State Farm Interest checking account?

The customer support email for State Farm Interest checking account is support@statefarm.com.

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Message From State Farm Interest checking account

We’re excited to introduce you to products that allow you to bank, when, where, and how you want, thanks to a new alliance between U.S. Bank® and State Farm®. New U.S. Bank checking accounts are now available online and through your local State Farm agent.

Platinum Checking Package, Best if you’re a U.S. Bank investment, mortgage, or loan customer who wants top-tier perks. Experience our top-tier account, with our best interest rates and perks.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • 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
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Balance to Earn APY $2,500
Monthly Fee $0 - $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $25
Overdraft Item Fee $25
Overdraft Protection Fee (per transfer) $3
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
Paper Statement Fee $5
Online Bill Pay Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Mobile Banking
  • Fraud Monitoring
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • Member FDIC
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0% - 0.10%

State Farm Interest Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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