To ensure properly identified payment, the ACH transaction must be complete, including Amount, Tax Identification Number, and Trace Number. Any payment that does not meet these requirements will cause a delay with State Farm's custody bank.
The Payment must be received in State Farm's account at the custody bank on or before the State Farm Due Date. Once the payment reaches our custody bank, an additional 24 hours are used to settle the account.
The amount of payment should equal the total in the remittance detail sent to State Farm.
State Farm's custody bank will not accept checks mailed through the Post Office as payment.
Any problems delaying the payment should be communicated to the Lender Relations area at State Farm Corporate Headquarters.