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Flagstar Student Checking

A smart way for college students to start their journey to financial independence.

A checking account designed for college students 18+

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Just $1 to open

And no minimum balance after that.

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No monthly fees

So you’ll have more money to invest in your future (or late-night snacks).

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Designed for college students 18+

College gives you plenty to think about. This account keeps things nice and easy with no limits on the number of transactions. 

Student checking made simple

College life can be tricky, so you need a checking account that keeps things simple. With Student Checking, you can use Online and Mobile Banking1 to check your account balance, set up payments so your bills are never late, and get alerts to keep yourself from overspending.

Requirements and fees

  • $1 minimum opening deposit
  • No monthly service charge for college students 18 years of age or older

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

Choose your favorite way to pay with a Flagstar Visa® Debit Card.2 Who knew paying for things could be so much fun? 

Maximize your student checking experience

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

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Flagstar Visa® Debit Card2

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

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Online and Mobile Banking1

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.1

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

Student checking FAQs

Flagstar offers a savings account for kids and a checking account for students 18 and older.


Although you can’t open either student bank account online, stop by your local branch, and we’ll walk you through the steps.

Flagstar Student Checking is a checking account with no monthly fees, and it takes just $1 to open. It’s designed to help students 18 and older start managing their money.

When you open a Flagstar Student Checking account, be sure to bring $1 or more for your opening deposit and the following:

  • Name
  • Address
  • Date of birth
  • Social Security number or other identification number
  • Valid identification (such as driver's license, state ID, or passport)

Flagstar does not currently offer student loans. For information on federal loans, visit the Department of Education website or contact your school’s financial aid office.

Checking and savings accounts serve different purposes, so it’s hard to say whether one is better.


Your checking account is for everyday spending and paying bills. Your savings account is the place to keep funds for emergencies, large purchases, goals, and life’s surprises. The idea is to keep your savings separate so you’re not tempted to spend it. Plus, your savings account can earn interest. 

You can keep your Flagstar Student Checking account open while you attend college or graduate school.

Apply for a college 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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Earn up to 5.15% APY7 with a CD

Explore our wide range of CD account terms that can help you earn more interest.

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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.

1Not all devices supported. Available for eligible personal and business deposit account customers only.

2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

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 7/20/2024. 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.

7Annual Percentage Yield (APY). 5.00% APY is accurate as of 7/20/2024 and available as a 13-month term. 5.15% APY is accurate as of 6/21/2024 and available as a 7-month term. Fees could reduce earnings. Withdrawals may result in imposition of applicable early withdrawal penalties. $500 minimum balance. Maximum deposit is $10,000,000. Funds currently deposited in accounts at Flagstar Bank are not eligible for the promotional interest rate. Additional deposits not allowed during CD term. Not available for public units. Certain restrictions may apply. Offer subject to change or cancellation at any time without notice. Maturing CDs are eligible for this promo rate. Must present offer at account opening. Limited-time offer. Area restrictions may apply. Please contact your local branch for more information.

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