Commercial Checking and Money Market Accounts*
We offer a wide range of products, from business accounts to treasury managment services.
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RTN/ABA: 026013576
Swift code: SIGNUS33
Commercial banking that is consultative and flexible.
Flagstar Commercial & Private Banking takes a practical approach to its commercial banking services. We begin with a conversation between you and one of our dedicated private client bankers. Our team will carefully assess your circumstances to provide a custom solution that will best meet your needs. Our offerings include a full suite of products and services, as well as on-site training, always facilitated by our single-point-of-contact Private Client Group, to ensure that your move to Flagstar is as seamless as possible.
Business Accounts
- Checking Accounts
- Money Market Accounts
- Sweep, Zero Balance, & Target Balance Accounts
- Attorney Escrow Accounts
Treasury Management Services
- ACH Origination Services / Direct Deposit
- Wire & SWIFT Payments and Reporting
- Secure Transmissions
- Account Reconciliation / Fraud Detection
- Escrow & Rent Security Services
- Coin & Currency Processing
- Remote Deposit Capture
- Remote Official Check
- Lockbox Services
- Merchant Services
- Foreign Exchange
FDIC insured checking accounts and money market accounts
ACCOUNT TYPE |
MINIMUM BALANCE REQUIREMENT |
MONTHLY CHARGE |
TRANSACTION FEE (MONTHLY) |
FEATURES |
DEBIT/ATM CARD |
|---|---|---|---|---|---|
|
FLAT FEE BUSINESS CHECKING |
None |
$20 |
75 items free, $.50 for each additional item |
Online Access |
Yes |
|
NOW FOR BUSINESS |
$25,000 checking or $50,000 combined Flagstar Bank and Flagstar Advisors1 account balances |
$25 if Average Available Monthly Balance is below the Minimum Balance Requirement |
500 items free, $.50 for each additional item |
Online Access |
Yes |
|
MONOGRAM BUSINESS CHECKING |
$25,000 checking or $50,000 combined Flagstar Bank and Flagstar Advisors1 account balances |
$30 if Average Available Monthly Balance is below the Minimum Balance Requirement |
500 items free, $.50 for each additional item |
Online Access |
Yes |
|
MONOGRAM INSURED MONEY MARKET |
$10,000 |
$20 if Average Available Monthly Balance is below the Minimum Balance Requirement |
None. Transaction limits apply. Refer to the Business Bank Account Agreements and Disclosures. |
Online Access |
Yes |
Additional fees may apply. Fees are subject to change and may vary depending on how an account is utilized, the products and services received, and a client’s relationship needs. For more information about fees, rates, and other services, please contact your Private Client Group or visit one of our Financial Centers.
Checking and money market accounts
ACCOUNT TYPE |
MINIMUM BALANCE REQUIREMENT |
MONTHLY CHARGE |
TRANSACTION FEE (MONTHLY) |
FEATURES |
DEBIT/ATM CARD |
|---|---|---|---|---|---|
|
MONOGRAM MONEY MARKET FUNDS PROGRAM FOR BUSINESS2 |
$25,000 |
$20 if Average Available Monthly Balance is below the Minimum Balance Requirement |
None |
Online Access |
Yes |
Additional fees may apply. Fees are subject to change and may vary depending on how an account is utilized, the products and services received, and a client’s relationship needs. For more information about fees, rates, and other services, please contact your Private Client Group or visit one of our Financial Centers.
Capitalized terms used in the table above have the same meaning as provided in the Business Bank Account Agreements and Disclosures.
Important Information about Overdraft and Returned Item Fees
Accounts may be subject to Overdraft Fees and Returned Item Fees.
Type |
Amount |
Additional Details |
|---|---|---|
|
Overdraft Fee3
|
$25 |
An Overdraft Fee may apply if Flagstar Bank, at its discretion, pays checks, wires, ACH debits, and/or transfers when the account’s Available Balance is not sufficient to pay these items. Flagstar Bank does not authorize ATM or Debit Card transactions for which a Commercial and Private Banking account does not have sufficient Available Balance to pay. |
|
Overdraft Finance Charge |
Call your Private Client Group for current interest rate |
Interest will be charged on the amount of the total negative balance, including any fees, at a variable rate per annum equal to a certain percentage per annum above the Reference Rate. This amount will be identified on the account Statement as “OD Finance Charge”. This fee may apply if Flagstar Bank, at its discretion, pays or returns an item presented when an account’s Available Balance is less than the amount of the item, resulting in a negative balance in the account. |
|
Returned Item Fee3 |
$25 |
A Returned Item Fee may apply if Flagstar Bank, at its discretion, returns an item presented unpaid when the account's Available Balance is not sufficient to pay the item. |
Capitalized terms used in the table above have the same meaning as provided in the Business Bank Account Agreements and Disclosures.
Sweep, Zero Balance, & Target Balance Accounts
Flagstar Bank's sweep feature automatically manages your cash to increase your company's income, without the cost or time required for more elaborate cash management procedures.
Our sweep accounts link your regular business checking account with a Fidelity Money Market Fund made available through the Monogram Money Market. At the end of each business day, all available cash in your checking account above the pre-selected target balance is automatically swept into the linked money market fund and starts to earn dividends immediately. When your checking account is debited, Flagstar Bank will pull funds from your money market fund to replenish your checking account to its target balance.
Looking for career opportunities with Flagstar Commercial and Private Banking?
*Products and services offered by Commercial & Private Banking are exclusive to Flagstar Bank Commercial & Private Banking clients. Certain services may not be available in all markets and for all Flagstar Bank commercial clients.
1Flagstar Advisors, Inc., Member FINRA/SIPC, is a registered broker-dealer, registered investment adviser, and licensed insurance agency. Flagstar Advisors is a wholly owned non-bank subsidiary of Flagstar Bank, N.A.
2Monogram Money Market Funds Program Accounts are offered through Flagstar Advisors, Inc. Flagstar Advisors, Inc., Member FINRA/SIPC, is a registered broker-dealer, registered investment adviser, and licensed insurance agency. Flagstar Advisors is a wholly owned non-bank subsidiary of Flagstar Bank, N.A. Investments and Insurance: ARE NOT INSURED BY THE FDIC, THE FEDERAL GOVERNMENT OR ANY OTHER FEDERAL GOVERNMENT AGENCY, BY FLAGSTAR BANK, OR BY ANY AFFILIATE OF FLAGSTAR BANK, ARE NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, FLAGSTAR BANK OR AN AFFILIATE OF FLAGSTAR BANK, AND ARE SUBJECT TO INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL INVESTED.
3Each presentment and submission is treated as a separate and new item.
Flagstar Bank N.A. and Flagstar Advisors, Inc. comply with Section 326 of the USA PATRIOT Act. This Federal law mandates that Flagstar Bank and Flagstar Advisors, Inc. obtain, verify, and record certain information about you while processing your account application. The information obtained will be used to verify your identity and may include your name, residential address, date of birth, Social Security number, driver’s license or other identifying documents.