Stanford Federal Credit Union is offering a relatively simple bonus for new members in their footprint.
Just complete the direct deposit requirements and $100 cash will be deposited into your account. Not in the Stanford footprint? You may also be eligible to join nationwide through a donation to Friends of the Palo Alto Library (FOPAL) or Museum of American Heritage (MOAH).
How To Earn The Bonus
The Stanford Federal Credit Union Personal Checking promotion requires you to set up eligible direct deposits in order to earn the $100 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the credit union will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- The bonus offer is only available to new Stanford FCU members.
- Limit one bonus per household.
- Checking account must remain open a minimum of three months.
- The 3-month new member period begins on the first day of the month following your account open date.
Open a Personal Checking account before the bonus expires
How does this personal checking offer from Stanford Federal Credit Union compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Why Stanford Federal Credit Union?
Basic Checking
Basic checking is a free checking account with no minimum balance or direct deposit requirements, and no monthly fee.
Fees
Basic Checking does not charge a monthly maintenance fee.
Premier Checking
Premier Checking is Stanford Credit Union's interest-earning account.
This account does come with monthly fees; however, there are ways to avoid them.
Fees
Premier Checking does charge a monthly maintenance fee of $10, but there are ways to get this waived:
- Maintain a minimum balance of $2,500.
- OR, Maintain a combined savings and loan balances (including mortgage) of $20,000.
Apply now for a Personal Checking account to earn the $100 bonus offer
How to Join Stanford Federal Credit Union
Credit unions differ from banks in that they restrict membership based on a shared common bond, or the credit union’s “field of membership”.
That means in order to qualify for this bonus (or any offer from a credit union), you'll first need to meet one of Stanford Federal Credit Union's membership requirements:
- Work for Google, Stanford University, Facebook, Tesla, Genentech, SAP, VMware, Amazon, Visa, or one of over 100 companies headquartered in the Bay Area.
- Joining the Friends of the Palo Alto Library (FOPAL) or Museum of American Heritage (MOAH) – SFCU will pay your membership fee.
Keep in mind that nearly all credit unions have a "once a member, always a member" policy, so once you're in, the above restrictions no longer apply.
Share Your Thoughts or Questions
There have been 1 comment about the Stanford Federal Credit Union Personal Checking $100 Bonus.
Nicholas
November 15, 2023If I join one of those organizations, can I sign up for this account out of state? It seems focused on the Bay Area.
ReplyReply to Nicholas
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