State Farm Bank® offers low-fee services, including free checking and debit cards, unlimited ATM fee rebates with direct deposit and mobile applications
BLOOMINGTON, Ill., Nov. 2, 2011 /PRNewswire/ -- As consumers across the nation are fighting against rising fees and reconsidering their banking options, State Farm Bank is winning over consumers who are looking for a financial institution that's committed to keeping fees low and providing virtual and mobile tools.
An online bank since 1998, State Farm Bank provides the following products and services:
- Free Debit Cards: No monthly fees and no minimum purchase requirements to use or have a debit card.
- Free Checking Accounts: Free checking with no monthly fees and no minimum monthly balance requirements.
- ATM Fee Rebates: All ATM fees incurred by customers, including charges from non-State Farm Bank ATMs are rebated with a regularly scheduled direct deposit. Customers also receive ATM fee rebates for any international fees incurred for funds withdrawn from a State Farm Checking, Interest Checking, or Money Market Account with a regularly scheduled direct deposit.
- Convenient Banking Tools: Banking tools such as My Time Deposit™ (deposits via a mobile phone or scanner) are offered to customers for no additional charge, plus access to account information through State Farm's mobile app, Pocket Agent®.
"As banks across the industry struggle with the decision to raise fees, I'm proud to say State Farm Bank is committed to keeping fees low for our customers. We know that features like free debit cards and convenient mobile banking tools make us an attractive banking choice," said Andrea O'Connor, State Farm Bank Customer Experience Executive. "We're here to provide the best for our customers. In fact, State Farm Bank is launching a 'switch kit' in 2012 to make the process of transferring bill pay information from an old bank account to State Farm Bank easier for new customers."
State Farm Bank is a full-service virtual bank that offers checking and savings accounts, credit and debit cards, money market accounts, CDs, and home and auto loans. For more information, visit www.StateFarm.com/Bank.
