Posted by William Charles on December 15, 2015
Bank Account Bonuses

Published on December 15th, 2015 | by William Charles


[CA only] Stanford Federal Credit Union $100 Checking Bonus

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Must open account in branch, all branches are located in Palo Alto or Stanford. Branch locator here
  • Direct deposit required: $500+
  • Additional requirements: None
  • Hard/soft pull: Soft pull
  • Credit card funding: Unknown, but unlikely given it requires in branch opening 
  • Monthly fees: None
  • Early account termination fee: Account must be kept open for three months
  • Expiration date: December 31st, 2015 December 31st, 2017

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 when you open a personal checking account with Stanford Federal Credit Union and do the following:
    • Establish a monthly recurring direct deposit of at least $500 to your new checking account

stanford $100 offer

The Fine Print

  • First direct deposit must be received within 60 days of account opening
  • $5 minimum required to open account
  • Offer does not apply to second or multiple checking accounts and/or existing checking members and is limited to one bonus per household
  • Bonus $100 will be credited to your account within 30 days after satisfaction of conditions
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

There is no early account termination fee, but you must keep the account open for a minimum of three months according to the fine print. Their basic checking account has no monthly fees or monthly minimums.


While the Stanford Federal Credit Union is usually for employer groups in the Stanford area, anybody can actually join. If you join the Friends of the Palo Alto Library (FOPAL) or Museum of American Heritage (MOAH), then you’re eligible. When you set up your account in branch, they will even pay the membership fees for you.

Our Verdict

This is a decent promotion (given how easy it is to keep fees down), but unfortunately we don’t know if it’s a hard or soft pull and what counts as a direct deposit. The upside is that an in branch application is required, so you should be able to easily ask whether it’s a hard or soft pull. Because of these unknowns we haven’t added it to our best bank bonus page.

We have added it to our massive listing of all bank bonuses, which is easily sortable and searchable.

12 Responses to [CA only] Stanford Federal Credit Union $100 Checking Bonus

  1. Jim says:

    Signed up for this account back in mid-December when first posted here at DOC.

    Curious if any folks have received the bonus? I’ve been doing ACH pushes from December through March, but not quite 30 days since the 3 month mark yet…

    • Jim says:

      Took a phone call and secure message to be credited with the $100 bonus, but finally received it.

      Basically asked about source of DD and where I saw the advertisement — right on their website, of course 🙂

      • Ferris says:

        was it a hardpull ? thinking about doing this now since it’s renewed and you can open online

        • Don’t think it can be opened online, when I request more info they give me a physical card to bring in. Are you using the same link?

          • Ferris Anwar says:

            it’s there at the bottom to get a cuopon emailed to you

            I just got the coupon in the mail, but as I look over the wording again maybe it’s only for Stanford employees? doesn’t say anything in the terms tho

          • Yeah I get the coupon, but it needs to be brought in branch. Not restricted to Stanford employees, up above we share how to get around it.

          • Ferris says:

            Won’t let me reply to your other comment. Doesn’t it say “Open a Checking Account with $500 or more monthly direct deposit and we’ll put $100 into your new account! Complete the form below and your $100 coupon will be emailed to you. Open your account online or at any of our branches. Offer good for new members only.¹” though? says online and that you can use the coupon code otherwise print and bring to branch

  2. Ferris says:

    DP: Inquired through their live chat whether or not they pull credit on new checking accounts they said they do not pull credit at all, they actually also said they do soft pulls on loan apps, wondering how accurate that is, might be worth it for someone to give a shot.

    DP2: Opened a checking account online using the promo “segck100su” (they had a section to input a promo code). I selected the “MOAH” elgibility even though I dont have a membership with them. Got this after submitting “Your application will be reviewed and a Stanford FCU Representative will contact you within 1 business days.” as well as an email asking me to sign a sig card and upload a copy of my ID.

    will update with more DP’s

    • Jim says:

      Yea, do keep us updated, thanks. I have some friends/family interested in applying as a friend of the library, either MOAH or FOPAL.

      When I had my account/membership last year, they had an electronic document with attachment system, where I provided my driver’s license scan and bonus coupon. Then I got a phone call a day later asking for a paystub, as my employer is one of those associated/eligible for a SFCU membership.

      I didn’t incur a hard pull, either, but a ChexSystems inquiry

  3. Ferris says:

    Got denied, I replied trying to figure out why exactly as they didn’t give me an exact reason. I did open 7 new checking accounts so far this past month tho lol

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