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  State Farm Interest Checking
State Farm Interest Checking
in Checking Accounts from State Farm
Unaffiliated

State Farm Interest Checking

Unaffiliated
in Checking Accounts from State Farm
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  

1 user recommends
0 users are unsure
0 users don't recommend
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Highlights
Community Rating

Rating not yet determined  

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, founded in 1922 and based in Bloomington, IL. State Farm Interest Checking is available in 51 states across the USA.

Key Takeaways
  • Higher than average APY. State Farm Interest Checking has an annual percentage yield of up to 0.10%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $2500.
  • 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.
State Farm Interest checking account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • No charge on incoming domestic wire transfers.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
  • Monthly service charge.
State Farm Interest checking account FAQ

Are checking accounts from State Farm federally insured?

No, your State Farm checking accounts are not insured by a federal insurance agency. This means that if State Farm were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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 Balance to Earn APY $2,500
Minimum Opening Deposit Starting at $0

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
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 Starting at $0

Does State Farm Interest checking account charge overdraft fees?

Yes, State Farm Interest checking account charges a $25 fee for every overdraft.

State Farm Interest checking account offers 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:

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.

How do people rate the customer service and user experience of State Farm Interest checking account?

Overall, State Farm Interest checking account is strongly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From State Farm

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.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Balance to Earn APY $2,500
Minimum Opening Deposit Starting at $0
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $0
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $10
NSF Fee $25
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 (Outgoing) $15
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $35
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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