News and Events

State Bank Introduces New Checking Accounts packed with Money-Saving and Personal Protection Benefits

State Bank is always looking for ways to add value to our relationships with you. With our new Premium Checking and Value Checking accounts, customers can shop local and save local with our shopping app named BaZing, available in the Apple® and Google Play stores. Plus personal protection benefits for your phone, when you travel, and for recovering from identity theft. Visit one of our State Bank locations today to learn more about Premium Checking and Value Checking today.

Manage Your Debit Card with CardValet®

State Bank is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used. CardValet was developed in partnership with Fiserv and is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold. 

Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established. CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. So, by using the GPS system in their smart phone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits.  

CardValet is also ideal for small businesses. All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for types of merchants deemed not business related.

More updates coming to Internet Banking on May 22nd

We are excited to announce Internet Banking will have a few more great enhancements on May 22nd. The same great funtionality you are familiar with will remain, we are simply enhancing the navigation and appearance to improve your ability to manage your accounts. Key changes include: update in terms used on our Action Menu Display and Action Drop Down Box, bigger display numbers for Balance Information Headings, bold details for Account Numbers and Nicknames for easy reference.   We appreciate your patience as we introduce an improved Internet Banking experience for you.

State Bank to partner with Harland-Clarke for personal and business check printing

Beginning March 10, 2016, State Bank's check printing partner will change from Deluxe to Harland-Clarke. Please visit with a member of our customer service staff about your next check order so we can update your design preferences. Your new checks will arrive in a larger flat pack with a unique "CheckFolio" storage solution we are confident you will prefer. Thank you for your understanding and cooperation as we transition to this new partnership.

Important Information About Debit Card Breaches

State Bank continues to monitor merchant and retailer debit and credit card breaches closely. The security of our customers’ funds and data are of the utmost importance to us, and we take appropriate action to protect them. At this time, if we discover your debit card was involved in a incident, we will notify you immediately and reissue your card. We encourage you to review your transaction history and monitor your account(s) activity on a regular basis through your account statement, Internet Banking or Mobile Banking. Please notify the bank immediately of any unusual account activity so that we may investigate any fraud related transactions. After bank hours you can call 1-800-472-3272.

 

The Home Depot is offering free identity protection sevices, including credit monitoring, to any customer who used a payment card at a The Home Depot store in 2014, from April on. Customers who wish to take advantage of these services can learn more at www.homedepot.com or by calling 1-800-HOMEDEPOT (800-466-3337). Additional information concerning The Home Depot Breach can be found here.

 

Goodwill Industries International confirms malware attack at third-party vendors payment systems enabling criminals to access card data at some Goodwill locations. A full press announcement and affected locations can be found here.

Siganture Systems, Inc. a provider of point-of-sale systems for restaurants including 216 Jimmy John's locations and 108 other restaurant locations acts to block payment card security incident. More information including a detailed list of affected restaurants can be found here. Jimmy John’s Reastaurants is also offering identity theft protection services for affected customers. Additional information on the Jimmy Johns breach can be found here.

 

New Payment Options Available to Internet Banking Users

State Bank is excited to introduce two new payment methods for Internet Banking users. The first is Popmoney, a secure way to send or receive payments using an individual’s email or mobile phone number; and Expedited Payments, allowing you to pay a bill as soon as the next business day. Log in to your Internet Banking account to learn more.

The Safest Place For Your Money is Still in the Bank - FDIC increases insurance coverage from $100,000 to $250,000 per person per institution.

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC deposit insurance is backed by the full faith and credit of the United States government. Since the FDIC was established, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers funds in deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit (CDs). FDIC insurance does not, however, cover other financial products and services that insured banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or municipal securities.

There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic.

To ensure funds are fully protected, depositors should understand their deposit insurance coverage limits. The FDIC provides separate insurance coverage for deposits held in different ownership categories such as single accounts, joint accounts, Individual Retirement Accounts (IRAs) and trust accounts.

Basic FDIC Deposit Insurance Coverage Limits*

Single Accounts (owned by one person) $250,000 per owner
   
Joint Accounts (two or more persons) $250,000 per co-owner
   
IRAs and certain other retirement accounts $250,000 per owner
   
Trust Accounts $250,000 per owner per beneficiary subject to specific limitations and requirements

* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.

Chillicothe State Bank, State Bank of Missouri and The State Bank are all members of the Federal Deposit Insurance Corporation.