State Farm Bank(R) Brings Check Depositing Home
State Farm Bank launches home scanning with MyTime Deposit(TM)
Published: Tuesday, 30 Nov 2010 7:15 AM ET


BLOOMINGTON, Ill., Nov. 30, 2010 /PRNewswire via COMTEX/ -- State Farm Bank(R) has made banking even easier with MyTime Deposit(TM). State Farm Bank customers can now deposit checks from their home or office using a personal scanning device. MyTime Deposit is also available on iPhone* and Android** as part of the State Farm Pocket Agent(TM) app.
To deposit checks using a scanner, accountholders should visit www.statefarm.com(R) and log into their accounts, select the account into which the deposit should be made, endorse the check, enter the amount and scan both sides of the check. .
MyTime Deposit requires a personal scanning device and a registered statefarm.com account. The new service allows State Farm Bank customers to securely deposit checks into their State Farm Bank savings, checking, interest checking and Money Market accounts.
State Farm Bank is planning several updates in the coming months to enhance the banking experience. Some of these updates include Loan E-Statements for Home Equity Lines of Credit, text banking and account-to-account transfers.
"We are excited to add another avenue for our customers to use our MyTime Deposit service. With additional updates and services coming in the near future, we will achieve our goal of offering a premier online and mobile experience to our customers," said Andrea O'Connor Chief Deposits Officer State Farm Bank.
Learn more about more about MyTime Deposit at www.statefarm.com/mytimedeposit *iPhone is a registered trademark of Apple, Inc.
**Android is a registered trademark of Google Inc.
About State Farm: State Farm(R), founded in 1922, insures more cars and homes than any other insurer in the U.S., is the leading insurer of watercraft and is also a leading insurer in Canada. The State Farm 17,700 agents and more than 66,000 employees serve 81 million policies and accounts - more than 78.7 million auto, fire, life and health policies in the United States and Canada, and more than 1.9 million bank accounts. State Farm also offers a variety of financial services products.
State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 34 on the Fortune 500 list of largest companies. For more information, please visit statefarm.com or in Canada statefarm.ca(R).
Banking products and services are provided by State Farm Bank, Bloomington, Illinois, a Member FDIC and Equal Housing Lender. 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.

SOURCE State Farm www.prnewswire.com Copyright (C) 2010 PR Newswire. All rights reserved -0- KEYWORD: Illinois INDUSTRY KEYWORD: FIN CPR

State Farm Products

State Farm offers different types of products from insurance to the financial market. It offers Insurance, Bank Products, and Mutual Funds.

Insurance Products:
Auto
Motorcycle
Homeowners
Personal Articles
Renters
Life & Annuities
Health
Disability
Long Term Care
Business
Boat
Farm
Flood

Bank Products:
Bank Accounts
Credit Cards
Gift Cards
Loans

Mutual Funds Products:
Saving & Investing
Retirement Planning
Education Planning
Business Planning

State Farm

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Type	Mutual (main company)
Industry	Finance and Insurance
Founded	June 7, 1922[1]
Founder(s)	George J. Mecherle
Headquarters	Bloomington, Illinois, U.S.
Number of locations	17,700 agents
	343 claim offices
	30 operations centers[2]
Area served	USA and Canada
Key people	Edward B. Rust, Jr. (Chairman/CEO)
Services	Insurance, Banking, Investing
Revenue	US$61.611 billion (2007) increase1.8%[3]
Net income	US$3.664 billion (2007) increaseUS$687 million[4]
Total assets	US$104.842 billion (2007) increaseUS$6.494 billion[4]
Total equity	US$58.142 billion (2006)[5]
Employees	68,000[2]
Divisions	Insurance; mutual funds; State Farm Bank
Subsidiaries	see Companies below
Website	www.statefarm.com

State Farm Mission, Vision, and Shared Values

State Farm's mission is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams.

State Farm are people who make it our business to be like a good neighbor; who built a premier company by selling and keeping promises through our marketing partnership; who bring diverse talents and experiences to our work of serving the State Farm customer.

State Farm success is built on a foundation of shared values -- quality service and relationships, mutual trust, integrity and financial strength.

State Farm vision for the future is to be the customer's first and best choice in the products and services that State Farm provide. State Farm will continue to be the leader in the insurance industry and they will become a leader in the financial services arena. State Farm customers' needs will determine our path. Our values will guide us.