Choose a Credit Union!
Contents
Step 1: Open Your Stanford FCU Checking Account
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Step 2: Move your Direct Deposit to your new Stanford FCU Checking Account
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4
Step 3: Redirect your automatic payments
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5
Step 4: Access your new checking account anywhere, anytime…it’s Easy!
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5
Step 5: Stop using your old checking account
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6
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© 2013 Stanford Federal Credit Union. All rights reserved. 3
One of the most daunting aspects of switching from your bank
to a credit union, or even to another bank, is the logistics of
changing your accounts. All that account information, your logins,
direct deposits, auto bill pay setup. Online banking has made it so
simple to connect our various accounts that disconnecting them
can seem like untangling a spider web. At SFCU we try to make
the process as simple as possible. And, to help get you started
we’ve put together this free Checking Account Switch Kit with 5
easy steps to simplify the process, and a form you’ll need to close
your existing account.
Step 1
Open Your Stanford FCU Checking Account
• Choose the checking account that fits your needs
• Open your checking account online, by phoning our Contact Center or visiting any of our branches
Step 2
Move your Direct Deposit to your new Stanford FCU Checking Account
To move your payroll direct deposit, contact your Human Resources department for details. You will need the following information:
• Stanford FCU’s ABA Routing Transit #: 321177722
• Stanford FCU’s Address: P.O. Box 10690, Palo Alto CA 94303-0843
• Stanford FCU’s Phone Number: (650) 723-2509
• Your Account Number: Your checking account number is the 10-digit number beginning with 900 or 9-digit number beginning with 700 listed at the bottom of your Stanford FCU check. Stanford University and SHC employees can enroll for direct deposit online:
• Stanford University: https://axess.stanford.edu/
• Stanford Hospital & Clinics and Lucile Packard Children’s Hospital: https://econnect.stanfordmed.org/lawson/portal/ If you have other sources of Direct Deposit such as Social Security, visit Stanford Hospital & Clinics and Lucile Packard
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Step 3
Redirect your automatic payments
• Move automatic payments such as loans and recurring bills to your new Stanford FCU Checking Account by providing the biller with Stanford FCU’s ABA routing number 321177722 and your checking account number. In most cases, you can change your automatic payments by logging on to your account on the biller’s website, or give them a call.
Step 4
Access your new checking account anywhere, anytime… it’s Easy!
• Online Banking – You’ll have immediate access to CUOnline after you open your account.
• Mobile Banking – Download the Stanford Federal Credit Union app from your app store and register. You will need the following to register:
Checking Account Number (provided to you by the New Account Rep. or found on your monthly statement)
Last 6 digits of your Social Security Number Zip Code
• Online Bill Payer – Sign up for BillPayer online by logging on to CUOnline
• eStatements – No more paper and no more waiting for snail mail. Request eStatements when you open your account or register on CUOnline
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Step 5
Stop using your old checking account
• Stop using your old account and allow enough time for any outstanding checks, automatic payments and debit card transactions to clear. Destroy any unused checks and debit cards.
• Confirm all of your checks have cleared
• Close your old checking account by completing and delivering the attached form to the financial institution where you have your checking account.
Please Close My Checking Account
Date:
Name of financial institution: Address:
City, State, Zip:
To Whom It May Concern:
Please close my account #
and send a check for the remaining balance to me at the address below. If you have any questions about this request, please contact me at:
Phone #:
Sincerely, Signature:
Name (please print): Address:
City, State, Zip:
Co-Signer Signature:
Co-Signer Name (please print):
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Choose a credit union!
Checking Account Switch Kit
By Stanford Federal Credit Union
In 1959, a group of Stanford employees created the Stanford Federal Credit Union
to serve their banking needs. Today, we’ve grown to nearly, 50,000 members
and over $1.4 billion in assets, and the quality of our expansive line of financial
products and services is unmatched in the industry. We serve the faculty, staff,
students, alumni, and volunteers of Stanford University (naturally), Stanford
Hospital & Clinics, Lucile Packard Children’s Hospital, and SLAC National
Accelerator Laboratory…but we also serve over a 100 local companies and their
employees, including Google, Genentech, Facebook, SAP and VMware. That’s a lot
of companies, true, but we’ve still got room for you!
To top it off, Stanford FCU was the first financial institution to offer online banking,
and it continues to be committed to offering innovative technology to its members.
The credit union is also focused on enhancing financial lives through education
and counseling. Our truly visionary leadership continues to be provided by our
member-elected Board of Directors, who selflessly serves without pay to help
oversee the credit union’s operations.
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