This State Farm Bank Login guide will help you in logging into your online account, resetting your password and enrolling for the internet banking services.
State Farm Bank is one of the most trusted banks in the US with many customers. The bank offers internet banking services that make it possible for their customers to manage their bank accounts from anywhere around the world.
State Farm Bank Overview
State Farm is the largest property and casualty insurance provider in the United States. It is also the largest auto insurance provider in the United States. State Farm is ranked 36th in the 2019 Fortune 500, which lists American companies by revenue.
State Farm relies on exclusive agents (also known as captive agents) to sell insurance. Only State Farm agents can sell State Farm insurance, and their agents can sell only State Farm products.
State Farm has expanded into the financial services arena, such as banking and mutual funds.
The bank opened in May 1999 and is operated by State Farm Financial Services, FSB, a subsidiary of State Farm Mutual Automobile Insurance Co. These are separate from its insurance products. State Farm Bank does not have branch offices. Its regular banking services, which include checking and savings accounts, certificates of deposit, and money market accounts, are available to consumers countrywide via the Internet or over the phone, and through agents. Home mortgages are available countrywide over the phone or through agents.
In the 1950s, State Farm held a contest among the agents, to come up with ideas to expand the State Farm business. Robert H. Kent, a State Farm agent in Chicago, came up with the idea of providing auto loans to existing policyholders. Robert H. Kent was friends with a local bank president at LaSalle NW, and the two teamed up to pilot the auto finance program. State Farm liked the idea so much that it was rolled out to all the agents. Robert H. Kent received royalties on the program for 20 years. This event created the first marketing partnership between insurance companies and banks.
Benefits Of Banking Online With State Farm Bank
Here are the advantages of registering for the internet banking services offered by State Farm Bank:
Full time access to your bank account
easily locate an ATM or branch
You can see your account balance
Check account balance
Access electronic statements
State Farm Bank Login Steps
If you have already enrolled for the internet banking services being offered by State Farm Bank, you can login to manage your bank account. If you have a Smartphone, download an app from playstore or itunes and login. Follow these steps to login:
Step 1-Open https://www.statefarm.com/ in your web browser
Step 2: Click Login. The login box will appear at the left hand corner.
Step 2-Enter your username and password and click “log in”
How To Reset Your Password
State Farm Bank has made it possible for customers who have an account with the bank to reset their passwords in case they forgot. In this case, you will only need your user ID to validate that you have an account with the bank. Here are the steps to follow in order to reset the password:
Step 1-On the website’s homepage, click “password?”
Step 2– Enter username ID and date of birth and click “continue”
You will be required to verify your identity, and then change your password
How To Contact State Farm Bank Customer Service
Phone: You can call them at 877-734-2265 and speak with one of their customer service representatives, or access their Interactive Voice Response System.