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Flagstar One Checking

A low-cost checking account with no overdraft fees. 

Keep more money in your pocket with Flagstar One Checking.

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No overdraft fees

We won't charge you overdraft fees on your account.

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Checkless account

Use your Flagstar Visa® Debit Card1 for purchases and bills or pay digitally.

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Just $1 to open

And no minimum balance after that.

Simple, affordable banking

Managing your money is easy with Flagstar One Checking. This checkless checking account lets you ditch the checks, conveniently pay bills, and make purchases with your Flagstar Visa® Debit Card. You can also grow your savings by enrolling in Round Up with Flagstar. This service rounds up your debit card purchases to the next dollar and puts the difference into your Flagstar savings account.

Requirements and fees

  • $1 minimum opening deposit
  • $5 monthly service charge

BankOn certified logo

Certified low-cost checking account

This Bank On certified account meets specific standards around cost, functionality, and consumer safety, making banking accessible to more people in the community.

Swipe it. Type it. Tap it. Scan it.

Choose your favorite way to pay with a Flagstar Visa® Debit Card.1 Who knew paying for things could be so much fun? 

Maximize your checking experience

Every Flagstar checking account comes with easy ways to manage and
move your money.

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Flagstar Visa® Debit Card1

A secure, convenient way to pay wherever Visa is accepted—which is practically everywhere.

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Online and Mobile Banking2

Bank on your schedule. Make deposits4 and transfers, pay bills or people—anytime, anywhere.

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Over 400 Branches and Free Access to 56,000+ ATMs3

Find the closest branch or an ATM in the Allpoint or Presto global network.

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Send Money with Zelle®

All you need is the recipient’s email or U.S. mobile number.

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Round Up with FlagstarTM

Round your purchases up to the next dollar and put the difference into a savings account.

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Money Center 

Get the big picture of your finances in one secure place.

Bank on the go with Mobile Banking.2

Mobile Banking lets you pay bills, move money, deposit checks,4 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.5

FAQs for Flagstar One Checking

Now that there are multiple ways to pay for things, many people choose to skip checks entirely.


Flagstar One Checking is a checkless checking account. Instead of checks, it comes with a Flagstar Visa® Debit Card that you can use for purchases, bills, and whatever you need.


The debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

Overdraft fees depend on the type of account, any optional coverage the person has, and a few other factors. You can find all the details on our Overdraft Protection and Services page.


There are no overdraft fees with Flagstar One Checking. 

Apply for a low cost checking account today

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Visit a branch

We’ll walk you through it. Stop by the nearest branch to open an account in person.

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Earn 5.55% APY6 with Promo Flagstar Savings Plus

Grow your savings with 5.55% APY6 guaranteed for the first 5 months.

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My Credit Score

Check your credit score anytime with Online and Mobile Banking.

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Online and Mobile Banking

A convenient way to view transactions, schedule payments, send money with Zelle®, and more. 

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply. Please see the complete Disclosure Guide for additional details.

Interest rates are tiered to a maximum amount.

1This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

2Not all devices supported. Available for eligible personal and business deposit account customers only.

3Currency conversion fee may apply to transactions outside the U.S.

4Not all devices supported. Available for eligible personal and business checking and savings account customers only. Must be an active mobile banking user. Must be a customer for a minimum of two business days. Accounts must be in good standing.

5Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc.

Promo Flagstar Savings Plus 5.55% APY 

6Annual Percentage Yield (APY) is accurate as of 7/19/2024. Tier 1 $25,000.00 - $999,999,999.99 features an annual percentage yield of 5.55%. Tier 2 $0 - $24,999.99 features an annual percentage yield of 0.10%. Initial minimum opening deposit to earn the higher interest rate on the Promo Flagstar Savings Plus account is $25,000.00 and must be “New Money,” which is defined as money that is not currently on deposit in any Flagstar Bank account (except maturing CDs). Additionally, (i) account must be funded within 60 days of the approval date and (ii) early account closure fee and reclamation of interest paid may be imposed for accounts closed within 180 days. The 5.55% APY is guaranteed for the first 5 months after account opening. After the promotional period, the account will earn the posted interest rate of the Flagstar Savings Plus accounts, which is a variable rate and subject to change. A maintenance service charge of $15 will be imposed every statement cycle if the average daily Collected Balance in the account is less than $10,000. This charge may be waived if the account is linked to any Flagstar Bank personal checking account. Not available for public units. Fees may reduce earnings. Personal accounts only. Limited time offer. Area restrictions may apply. If you are a Private Bank client, please contact your Private Client Group to enroll.

Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.