Checking Accounts

Yes! Flagstar is an FDIC-insured bank, which means customer checking account deposits are insured up to at least $250,000 per depositor for each deposit category.

No, opening a checking account does not affect your credit score.

Credit scores reflect your history with debt and credit, such as student loans, home loans, car loans, home equity lines of credit, and credit cards. To learn how to boost your credit score, read Ways to Build Credit in our learning center.

Checking accounts are for everyday spending. Many people set up direct deposit for their paycheck, Social Security, or other income, so it goes straight into their checking account. Then, they use the money to pay bills and spend as needed.

Flagstar checking accounts offer many convenient ways to access your funds, including:

• Checks
• Flagstar Visa Debit Card
• Online and mobile banking
• ATMs
• Branches
• Transfers from an account at another bank
• Wire transfers

You can also use your checking account to pay bills with Bill Pay or automatic payments.

To deposit money into your checking account, visit a branch or ATM. You can also transfer funds from another account or deposit a check with our Flagstar Mobile Banking app.

With a savings account, your money can earn interest. It also keeps your money out of your checking account so you’re less tempted to spend it. You can save for something specific, like a new phone or car, or have money available when needed.

Look for a checking account that matches your banking style. Some people do all their banking online and never write checks, while others prefer to work with a banker and get a free box of checks every year..

Here are some more things to consider::

• Earning interest
• Monthly fees—and how they can be waived
• Minimum balance requirements
• Paperless statements
• How overdrafts are handled
• Optional overdraft protection
• Customer perks, like preferred CD rates
• A dedicated client service line
• Limits for transfers and mobile deposits

Here’s how we handle checking account fees:

• Flagstar Ready Checking: $3 monthly maintenance fee waived by enrolling in electronic statements OR $500 or more in total direct deposits (ACH credits) each statements cycle OR primary account holder is 24 years old or younger²
• Flagstar Elite Checking: $15 monthly service charge, which you can avoid by maintaining a $25,000 combined monthly average balance in your Flagstar personal deposit accounts. Your linked account(s) must be enrolled in the Flagstar Elite Relationship Program.
• Flagstar Military Checking: No monthly service charge for active and former military personnel
• Flagstar Student Checking: No monthly service charge for college students 18 and older
• Flagstar One Checking: $5 monthly service charge

Routing Number

Our routing number is 226071004.

Note: If you have existing transactions that use a previous routing number, they will continue to be processed as usual. This includes checks, direct deposit, automatic withdrawals, etc.

The next time you order checks, please use the routing number above.

Account Number

You can find your account number in the following places:

• On your checks (checking and money market accounts only)
• Online Banking
• Flagstar Mobile Banking