Banking With State Farm Bank® as Easy as Point-and-Shoot

BLOOMINGTON, Ill., Aug. 3 /PRNewswire/ -- With the newest version of the State Farm® Pocket Agent™ iPhone® app, State Farm Bank customers can deposit checks into their State Farm Bank deposit account directly from their phones.

The process is simple: Just endorse the check, enter the amount and take its picture. Mobile Check Deposit supports scanning of unlimited checks per day, up to $10,000. State Farm Bank is making banking easier with secure check deposits whenever –  and wherever –  it's convenient for people.

Mobile Check Deposit will work with iPhone 3GS and iPhone 4 and the service allows State Farm Bank customers to quickly and securely deposit checks into their State Farm Bank savings, checking, interest checking and Money Market accounts. The service also sends a confirmation notice from State Farm Bank when your check is received.

State Farm plans to launch several updates to its Pocket Agent this fall. Those updates will include allowing State Farm Bank customers to view their transaction history and pay their bills. Plans are also under way to launch Mobile Check Deposit on the Android™ version of Pocket Agent.

"State Farm Bank is excited to be one of the first banks in the country to offer Mobile Check Deposit. As a nontraditional financial institution, expanding the mobile services provides another avenue for our customers to manage their money. We are committed to further development of cutting-edge services for our customers." said Mike Smith, President and CEO State Farm Bank.

State Farm Pocket Agent is a full-featured iPhone and Android application which allows auto policyholders, registered on statefarm.com, to begin the claims submission process with the touch of a finger, while still at the scene of an accident. Other features include find an agent, locate a repair facility, or look up their State Farm insurance card information.

Learn more about Mobile Check Deposit at www.statefarm.com/mobiledeposit

iPhone is a registered trademark of Apple, Inc.

Android is a registered trademark of Google Inc.

About State Farm:

State Farm, 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. State Farm's 17,700 agents and 68,600 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 customers banking, annuities and mutual fund 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®.

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.

It is important to note that there is market risk involved when investing in mutual funds, including possible loss of principal.

State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.

State Farm Mutual Funds® are available through prospectus by registered representatives of State Farm VP Management Corp., One State Farm Plaza, Bloomington, Illinois 61710, 1-800-447-4930. Please read the prospectus and consider the investment objectives, risks, charges and expenses and other information it contains about State Farm Mutual Funds carefully before investing.

SOURCE State Farm Bank