State Farm Bank® On the Spot Deposit™ Comes to Android

BLOOMINGTON, Ill., Oct. 14 /PRNewswire/ -- With the newest version of the State Farm® Pocket Agent™ Android app, State Farm Bank customers join iPhone customers in being able to 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 a picture. On the Spot Deposit supports scanning of unlimited checks per day. The maximum daily deposit is $10,000. State Farm Bank is working to make banking easier with secure check deposits whenever –  and wherever –  it's convenient for account holders.

On the Spot Deposit will work with Android versions 1.5 and above. Customer can currently deposit checks using iPhone3G, 3Gs and 4. 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 a check is received.

State Farm plans to launch additional updates to Pocket Agent in the coming months. These updates will include allowing State Farm Bank customers to view their transaction history and pay their bills. Additionally, home scanning for check deposit will soon be available for all State Farm Bank customers.

"We are excited to add another opportunity for our customers to use our On the Spot Deposit service.  We look forward to introducing additional functionality over the next few months as we reach 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 On the Spot 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.

Before investing, consider the funds' investment objectives, risks, charges and expenses.  Contact State Farm VP Management Corp (1-800-447-4930) for a prospectus containing this and other information.  Read it carefully.

AP2010/10/1181

SOURCE State Farm