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Flagstar Ready Checking

Be ready for whatever is around the corner with our no minimum balance checking account.

Stay a step ahead with Ready Checking

No matter how much you plan, life is full of surprises, like an unexpected bill or an out-of-the-blue bonus. Ready Checking’s no minimum balance checking account can help you navigate life’s twists and turns so you can face whatever comes your way with confidence.

Requirements and fees

  • $50 minimum opening deposit
  • $3 monthly service charge, waived when you enroll in e-statements
  • No minimum balance requirement

Open an account
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Secure your account with Debit Card Controls and Account Alerts

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Flagstar Visa® Debit Card1

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Free access to 56,000+ Flagstar ATMs2 and over 400 branches

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Get peace of mind with overdraft options

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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

  • $50 minimum opening deposit
  • $3 monthly service charge, waived when you enroll in e-statements
  • 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 400 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.

Bank on the go with Mobile Banking.3

Mobile Banking lets you pay bills, move money, 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

Learn more
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FAQs for Flagstar Ready 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.

Yes, when you open a Flagstar Ready Checking account, you’ll receive a Flagstar Visa® Debit Card. You can use it to make purchases online or in person, pay bills, and withdraw cash from over 56,000 in-network ATMs.

Flagstar Ready Checking is an account with no minimum balance requirement. The way overdrafts are handled depends on the specific situation. Visit our Overdraft Protection and Services page for the complete rundown.

Here’s how we handle checking account fees:

  • Flagstar Ready Checking: $3 monthly service charge, which you can avoid by enrolling in paperless statements
  • 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

 

Whether you open a Flagstar checking account online or at a branch, please have the following information available:

  • Name
  • Address
  • Mobile phone number (to verify your identity if you open an account online)
  • Date of birth
  • Social Security number or other identification number
  • Valid identification (such as driver's license, state ID, or passport)

 

Finger clicking to apply

Easy to open online. Easy to set up.

You can open an account anytime, day or night. It’s simple, secure, and takes just minutes. Get started with an initial deposit of $50.

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Verify your identity.

We'll perform a quick security check to protect your information. You need to be at least 18 and provide your Social Security number.

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Tell us about yourself.

Here’s where you enter your info, like name and address, any joint owners, and identification (e.g., driver’s license, state ID, or passport).

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Make a deposit.

Add money with an online transfer (have the routing and account numbers for an existing account ready) or at a branch.

Open an account
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Rather open an account in person? Find your nearest branch.

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Switching banks is easy:
a step-by-step guide

Switching banks is easier than you think. Let's walk through the steps on how to move your checking or savings account to a new financial institution.

Learn more

You may also be interested in:

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Earn 4.20% APY7 with Flagstar Performance Savings

Grow your money with a great savings rate.
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Flagstar Visa® Credit Cards

Choose a credit card with the perks you want, like cash back, rewards, bonuses, and more.
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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.

2Currency conversion fee may apply to transactions outside the U.S.

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.

Flagstar Performance Savings

7Annual Percentage Yield (APY) is accurate as of 1/13/2025. 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 4.20%. Tier 4 $50,000.00 – $99,999.99 features an annual percentage yield of 4.20%. Tier 5 $100,000.00 – $499,999.99 features an annual percentage yield of 4.20%. Tier 6 $500,000.00+ features an annual percentage yield of 4.20%. 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.