Health Savings Account (HSA)
You must be enrolled in a high-deductible health plan (HDHP) before you can open a Health Savings Account.
A painless way to save more and help you cover health care costs
Get well. Stay well. Both can cost a good bit of money. An HSA helps absorb medical expenses without putting a serious strain on your household budget. Make steady deposits into an interest-earning HSA and cover the cost of everything from hospital stays to routine exams to prescription medication.
- Reduce your tax burden with 100% deductible contributions*
- Keep all you earn—your annual interest income is tax-exempt*
- Pay for various medical expenses, including doctor, hospital, dental, vision care, mental health and prescription costs
- Get to funds quickly through a special HSA debit card, checks and Digital Banking
- Roll over any unused money into the next year—you'll never lose it
- Deposits are federally insured for your protection
Stanford Federal Credit Union offers a variety of savings accounts based on your needs. Contact us or visit a branch in Bay Area CA to open an account.
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Frequently asked questions
You can find a Stanford FCU ATM, and 30,000 more fee-free ATMs by visiting our ATM and Branch Locator.
If you have a debit card, you can also receive cash back at no charge when you make a purchase at a retail location.
For your convenience, we also participate in shared branching with Co-op, a cooperative effort between credit unions nationwide to assist each other’s members. As a result, you can conduct business on your Stanford FCU accounts at other credit unions throughout the country as though you were at your local branch.
For a list of shared branch locations, visit our ATM and Branch Locator.
In addition to STAR® and Plus, we also use Co-op, with over 30,000 fee-free ATMs nationwide. You can get cash back when you make a purchase at many retailers like grocery stores.
We also participate in shared branching with Co-op, a cooperative effort between credit unions nationwide to assist each other’s members. As a result, you can conduct business on your Stanford FCU accounts at other credit unions throughout the country as though you were at your local branch (some service limitations may apply).
For a list of shared branch locations, visit our ATM and Branch Locator.
You can transfer funds between your Stanford FCU accounts, to another Stanford FCU member (if you know the account number), or to and from your accounts at another financial institution. If you want to send money to someone who is not a Stanford FCU member, you can use Zelle® or send a Wire Transfer.
- Click here to transfer funds between your Stanford FCU accounts
- Click here to transfer funds to another member
- Click here to transfer funds to and from your accounts at another financial institution
- From there you can connect your external account instantly through Plaid
- Once the external account is established, it will always appear under the normal Transfer Funds service as an option to transfer to or from
Yes! A Health Savings Account (HSA) with Stanford FCU helps you cover expenses not covered by your health insurance. HSAs combine the protection of your high-deductible health insurance plan with a tax-deductible savings account. Our HSA accounts feature no monthly service fees, no minimum balance requirements, free checks, and free online and debit card access− all at great rates!
Set up an appointment with a member of our team for more information, or open your HSA online today.
Not a member yet? Joining is easy! You can open an account with Stanford FCU with as little as $5.00. Open your account online today!
A trust is an estate-planning tool used primarily to avoid the delays and costs of the probate process, which is what happens when someone passes away with only a will or no will.
Choosing and creating a trust can be a complex process; the guidance of an attorney with estate planning expertise is highly recommended.
Types of Stanford FCU Trusts
- Revocable - at least one Trustor of the Trust must be a member of Stanford FCU
- Irrevocable - either all of the Trustors or all of the Beneficiaries of the Trust must be members of Stanford FCU
Upon creating the agreement, the member transfers title to their Stanford FCU assets to be held in trust.
If you’ve created a trust agreement and would like to transfer title of your credit union assets to be held in trust, you will need to complete a Trust Agreement.
If you’re not yet a member and need to establish an account that you would like held in trust, you will need to become a member and complete a Trust Agreement.
Questions? Contact our Member Care Team at 888.723.7328 or schedule an appointment at a local branch.
Please click here for our fillable Trustee’s Account Agreement form, or Trust Agreement form.
A trust is an estate-planning tool used primarily to avoid the delays and costs of the probate process, which is what happens when someone passes away with only a will or no will.
Choosing and creating a trust can be a complex process; the guidance of an attorney with estate planning expertise is highly recommended.
Types of Stanford FCU Trusts
- Revocable - at least one Trustor of the Trust must be a member of Stanford FCU
- Irrevocable - either all of the Trustors or all of the Beneficiaries of the Trust must be members of Stanford FCU
Upon creating the agreement, the member transfers title to his Stanford FCU assets to be held in trust.
You can open a savings or checking account at the same time you become a member. Once you become a member, you can open additional accounts and apply for loans through Digital Banking. You can also open accounts at any Stanford FCU branch.
You can get a free Cashier’s Check from a local Stanford FCU branch, any shared branch in the U.S., or request one through Digital Banking (if the check will be payable to you). You’ll receive an email confirmation after your request is received, and you should receive your check within 7 to 10 business days.
If you need a Cashier’s Check made payable to another person, you can use Chat or send a secure Message through Digital Banking.
If you are a member of Stanford FCU, then all Stanford FCU ATMs are free! If you are a member of the Co-op Shared Branch Network, then our ATMs are free for you as well.
Stanford FCU members with Student Spending accounts and members with an Ambassador relationship get free unlimited worldwide ATMs, with all ATM fees reversed.
All Stanford FCU members have access to 30,000 fee-free ATMs nationwide. Use our ATM Locator to find one near you.
If you use your debit card, you can also receive cash back at no charge when you make a purchase at a retail location.
If you are a non-member you will be charged $3.00 per transaction (unless you are a member through Co-op). The only time our members will be assessed an ATM fee is when you withdraw cash from an ATM that is not in our network (the fee will be charged by the other bank, not Stanford FCU).
Please refer to our Schedule of Fees for a complete list of fees.
Stanford FCU does not charge our members to use non-Stanford FCU ATMs, however the owner of the other ATM may charge a fee. We waive those bank fees for members with Student Spending Accounts, and those with an Ambassador or Partner Loyalty+ relationship (and provide other benefits!). All members can find over 30,000 fee-free ATMs by using our ATM and Branch Locator.
There are no fees for replacing a lost or stolen card.
You can view our current ATM and Debit Card fee(s) on our Schedule of Fees. All fees are subject to change without notice.
Stanford FCU charges a monthly $5.00 inactivity fee for an account with less than $2,500 and no activity for the past 12 months. For current information about our fees, please see our Schedule of Fees.
The inactivity fee was disclosed in the Member Agreement you received at the time you opened your account. If you have other active accounts or loans, you will not be charged this fee.
Avoid Inactivity Fees
You can avoid the fee by making at least one transaction every six months, or opening other active accounts such as:
- New and used auto loans – consider refinancing an existing loan to lower your monthly payment
- Rewards Credit Cards with no foreign transaction fees, balance transfer fees, or annual fee (and you’ll earn rewards on every purchase)
- Home loans you can trust, with great rates and personal service
- High-rate Money Market and Certificates help you earn more
- Investment products to help your savings grow
You can automatically generate a verification of deposit letter in Digital Banking! Click here.
Get smart about managing your money.
Make educated financial decisions, protect your personal information, and more with help from these handy resources.
Flexible term options and fixed rates give you guaranteed growth.
Dividends are compounded and paid monthly. Membership eligibility is required.
*Consult a tax advisor for eligibility.