Bigger isn’t better when it comes to banking
Your non-profit credit union saves you money with better rates and lower (or zero) fees. Active and engaged Stanford FCU members save even more through Membership Rewards!
The banks aren't doing you any favors
When a bank’s end-goal is profit before people, the results speak for themselves:
Opening fraudulent accounts
Failing to waive fees
Contributing to the financial crisis
Making risky investments with customer deposits
When your credit union puts people before profits, it means your success comes first. This starts in the simple, everyday transactions—waiving more fees than we charge and always choosing to be better than a bank. See for yourself in the chart below:
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| Stanford FCU Everyday Spending | Bank of America Advantage Plus Banking® | Chase Total Checking® | |
|---|---|---|---|
| Monthly fee | $0 | $12 | $12 |
| Requirements to waive the monthly fee | Always free | $250 direct deposit or $1,500 minimum daily balance | $500 electronic deposits, $1,500 minimum daily balance, or an average beginning day balance of $5,000 or more |
| Fee to use other ATMs (in addition to the ATM operator fee) |
$0 | $2.50 - $5.00 | $3.00 - $5.00 |
| Number of free ATMs in U.S. | 30,000 | 16,000 | 15,000 |
| NSF Fee | $0 | $10 | $34 |
| Stop Payment fee | $20 | $30 | $25 - $30 |
| Temporary checks | $0 | Not available | $3 for 3 checks |
| Cashier’s checks | $0 | $15 | $10 |
| Debit card foreign transaction fee | $0 | 3% of the U.S. dollar amount of the transaction | 3% of purchase or ATM cash withdrawal amount |
| Incoming wire fee | $0 | $15 | $15 |
| Outgoing wire fee | $20 | $45 | Up to $50 |
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| Stanford FCU Certificate | Bank of America Certificate | Chase Certificate | |
|---|---|---|---|
| 12-month, $10,000 certificate | 4.15% APY | 0.03% APY | 3.00% APY |
| Early withdrawal penalty (on the amount withdrawn) |
< 1 year = 90 days’ interest; 1 year or more = 180 days’ interest |
< 90 days = The greater of all interest earned or 7 days’ interest; 90 days up to 12 months = 90 days’ interest; 12 months up to 60 months = 180 days’ interest; 60 months + = 365 days’ interest |
< 6 months = 90 days’ interest; 6 to < 24 months = 180 days’ interest; 24 months + = 365 days’ interest |
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| Stanford FCU Tech Credit Card | Bank of America Customized Cash Rewards Credit Card | Chase Freedom Unlimited® Credit Card | |
|---|---|---|---|
| Cash back rewards | 3X points on purchases at Amazon, Google, and Apple, 2x points on groceries & dining, 1x points on everything else | 3% on the category of your choice, 2% on groceries, 1% on everything else | 3% on dining and drug stores, 1.5% on everything else |
| Purchase & balance transfer rate | 15.24% - 18.00% APR | 18.24% - 28.24% APR | 20.49% - 29.24% APR |
| Cash advance rate | 15.24% - 18.00% APR | 21.24% - 29.24% APR | 29.99% APR |
| Balance transfer fee | 0% | 3% | $5 or 3% - 5%, whichever is greater |
| Cash advance fee | 0% | 3% - 5% | $10 or 5%, whichever is greater |
| Foreign transaction fee | 0% | 3% | 3% |
| Late payment fee | Up to $7 | Up to $40 | Up to $40 |
Data collected via online research on 11/25/24. Refer to the individual websites for details:
Stanford FCU: Everyday Spending account, Service Fees, Certificates, Tech Credit Card
Bank of America: Advantage Plus Banking, Service Fees, Certificates, Customized Cash Rewards Credit Card
Chase: Chase Total Checking, Checking Fees, Certificates, Chase Freedom Unlimited Credit Card
