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FLAGSTAR ONE CHECKING

A low-cost checking account with no overdraft fees

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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
  • No minimum balance requirement             
Visit a branch
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Secure your account with Debit Card Controls and Account Alerts

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No overdraft fees

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Checkless account

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Flagstar Visa® Debit Card1

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Enjoy free access to 56,000+ Flagstar ATMs2 and over 300 branches.

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Online and Mobile Banking,3 with 24/7 free access to your credit score

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FDIC-insured up to at least $250,000 per depositor4


Requirements and fees

  • $1 minimum opening deposit
  • $5 monthly service charge
  • No minimum balance requirement

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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Account Alerts

Stay in the know with transaction alerts, payment reminders, and more.
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Debit Card Controls

Freeze your card, set spending limits, and stay in control.
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Mobile Check Deposit5

Sign the back, snap a pic, and send. It’s that easy.
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Over 300 Branches and Free Access to 56,000+ ATMs2

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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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.

Bank on the go with our  Mobile App

Our Mobile App lets you pay bills, send money with Zelle,® deposit checks,5 and much more. Add this easy-to-use app to your Android or iPhone and manage your money on your schedule.6

4.7 out of 5 on the Apple App Store as of 6/1/2026

4.7 out of 5 stars
visit the following URL to download our app from the apple store: https://apps.apple.com/us/app/flagstar-mobile-banking/id972805390 or Visit the following URL to download our app the Android URL https://play.google.com/store/apps/details?id=com.mynycb.nycb&hl=en_US&gl=US

Scan this code with your phone’s camera to download the Flagstar Mobile App from the Apple App Store or Google Play Store.

Learn more
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FAQs for Flagstar One Checking

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.

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. 

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 statement cycle OR primary account holder is 24 years old or younger7
  • 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

 

Apply for a low cost checking account today

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Visit us

Stop by your nearest branch to open an account in person.

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Earn 3.20% APY8 with Flagstar Performance Savings

Grow your money with a great savings rate.
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My Credit Score

Check your credit score anytime with Online and Mobile Banking.
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Online Banking

It’s mission control for your money. Track what's coming in and going out 24/7, so you’re always in the know.

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.

2Currency conversion fee may apply to transactions outside the U.S. Owners of non-Flagstar ATMs may change a fee, which, upon request, can be reimbursed up to $20 a month.

3Not all devices supported. Available for eligible personal and business deposit account customers only.

4Visit fdic.gov for more information about FDIC insurance coverage.

5Not 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.

6Apple 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.

7When the primary account owner reaches 25 years old, age can no longer be used to avoid the monthly service fee.

Flagstar Performance Savings

8Annual Percentage Yield (APY) is accurate as of 6/11/2026. Tier 1 $0 – $9,999.99 features an annual percentage yield of 0.10%. Tier 2 $10,000.00 – $24,999.99 features an annual percentage yield of 0.10%. Tier 3 $25,000.00 – $49,999.99 features an annual percentage yield of 3.20%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 3.20%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 3.20%. Tier 6 $500,000.00+ features an annual percentage yield of 3.20%. The interest rate(s) and annual percentage yield(s) are variable and may change at any time before or after the account is opened. Initial minimum opening deposit to earn the higher interest rate on the Flagstar Performance Savings account is $25,000 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 90 days of the approval date, and (ii) early account closure fee may be imposed for accounts closed within 180 days. 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. The maintenance service charge will be waived if you are the tax reported owner on this account and you are an owner on a Flagstar personal checking account. 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.