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Is Farm Bureau Bank right for me? 

Virtual banking (also known as digital banking, internet banking and mobile banking) is not new, but it has become more popular in recent years. According to the Federal Deposit Insurance Corporation (FDIC), mobile banking use increased nearly 30% from 2017 to 2021 and continues to rise.  

What is Farm Bureau Bank? 

Farm Bureau Bank was formed in 1999 to offer additional financial services to members that insurance agents couldn’t supply. Indiana Farm Bureau and Indiana Farm Bureau Insurance were among the original founders.  

“Indiana Farm Bureau saw how much the bank could benefit its members,” said Sean Cole, senior manager of ancillary markets. “We wanted the bank to be one more tool that our members could use to help improve their financial lives.”  

As a virtual bank, Farm Bureau Bank uses technology to help members access their accounts 24/7. Members can do nearly everything available at a brick-and-mortar bank without taking the time to travel to the bank. 

Is Farm Bureau Bank a real bank? 

Yes. Farm Bureau Bank is an FDIC-insured bank, meaning that your funds are protected up to the maximum limits permitted by law in the unlikely event that your bank closes. It offers products and services available at nearly any bank including, debit cards, money market accounts, checking accounts, credit cards, commercial lines of credit, auto loans, equipment and recreational vehicle loans, certificates of deposit accounts, and mortgages via Farm Bureau Mortgage, to name a few. 

“It is a bank in every sense of the word,” said Farm Bureau Bank Manager Kristi Rogers-Cline, “You can do nearly everything you need to do at a brick-and-mortar bank with us, including transferring money, setting up Electronic Funds Transfers (EFTs) and even depositing cash.” 

What sets Farm Bureau Bank apart? 

According to Cole, “Our members already have a relationship with us and trust us with a great deal of their financial life. With Farm Bureau Bank, our dedicated bank team helps clients control their financial life holistically and gives them a one-stop-shop.” 

“We provide that small-town feel,” said Rogers-Cline. “We’ve worked with families for two or three generations. It is important to us to build those relationships and earn our clients’ trust.” 

What if I need assistance with my banking? 

Another thing that sets Farm Bureau Bank apart is Indiana Farm Bureau’s commitment to it.  

Farm Bureau Bank's in-house bank team, employed directly by Indiana Farm Bureau Insurance, are dedicated bank personnel available to help you. Combined, the bank staff has more than 50 years of banking experience and is committed to helping you on a local level. 

It’s not about the numbers 

Though the bank team strives to enhance the relationship clients already have with their agent, field operations associate and other Indiana Farm Bureau Insurance staff, significant focus is placed on education. 

“Our goal with each interaction is to provide information and education that will help clients make the best decision for them," said Rogers-Cline. "In fact, in certain circumstances, we have advised clients that a specific product of ours may not be in their best interest and explain why.”  

How do I sign up? 

Signing up is easy! Talk to your Indiana Farm Bureau Insurance agent or field marketing associate who will connect you with our bank team. In today’s fast-paced digital world, having immediate access to your money is important. Partnering with Farm Bureau Bank helps make banking easy, fast and convenient. With a dedicated Indiana-based bank team you get the perks of a small-town bank without the hassle of working with a big bank.  

Contact your agent to sign up today!

Frequently asked questions about online banking

What is virtual banking? 

A virtual bank allows you to conduct many of your banking transactions entirely online through a secure website or a mobile app. You don’t need to take the time to visit a bank branch, because your banking is at your fingertips. 

What are the benefits of virtual banking? 

The number one benefit of virtual banking is convenience. You have the option to bank anywhere you want, any time you want. Many virtual banks, including Farm Bureau Bank, offer the same features as banking in person. You also have control over your finances with real-time access to managing your accounts. 

Is online banking safe? 

Keeping your financial and personal information secure and confidential is one of Farm Bureau Bank’s most important responsibilities. Its systems are protected through virus protection, firewalls, secure socket layer (SSL) and other advances in technology. Plus, using biometric features and multifactor authentication to log in to your virtual account helps make it even safer.  

Are online banks legitimate?  

Yes. As a federally chartered savings bank, Farm Bureau Bank is regulated by the Office of the Comptroller of the Currency (OCC) and is insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum limits permitted by law. 

Can I deposit cash? 

Many banks and ATMs offer the ability to deposit cash even though the account is at a different bank. Not all banks offer this service so check to ensure they do before attempting to deposit cash. 

What is the difference between virtual banking and a brick-and-mortar bank? 

The differences are minimal. Most virtual banks provide the same features and services as a brick-and-mortar location. In fact, most brick-and-mortar bank institutions have their own mobile app to capitalize on the trend toward virtual banking.