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.

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