Get up to $5001 with a new Flagstar checking account
FDIC-Insured—Backed by the full faith and credit of the U.S. Government
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Before you go
How to get your cash bonus...
Open a checking account
Meet bonus requirements1
Get your cash bonus
FDIC insured up to $250,0002
4.7 / 5 App Store rating as of 8/1/2026
Free access to 56,000+ ATMs3
BEST FOR HIGHER BALANCES + PERKS
FLAGSTAR ELITE CHECKING
| $ | 500 | 1 |
Everyday checking with premium perks.
Dedicated client service
Access to preferred CD rates4
Higher mobile deposit and transfer limits5
24/7 Mobile Banking including Zelle® and more
Minimum opening deposit: $50
Monthly fee: $15
Avoid the fee
Avoid the $15 monthly maintenance fee
Choose ONE of these options to waive the fee.
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Military service
You are an active-duty U.S. military member or a veteran -
Keep at least $25,000 in your accounts
An average daily balance of $25,000 or more in combined Flagstar linked personal deposit and/or wealth services accounts
BEST FOR EVERYDAY BANKING
FLAGSTAR READY CHECKING
| $ | 300 | 1 |
Simple, low-requirement everyday checking.
Pay anywhere with included Flagstar Visa® Debit Card6
Automatic savings with Round Up with Flagstar®
Custom account alerts & debit card controls
24/7 Mobile Banking including Zelle® and more
Minimum opening deposit: $50
Monthly fee: $10
Avoid the fee
Avoid the $10 monthly maintenance fee
Choose ONE of these options to lower the fee to $5. Choose TWO of them to waive the fee entirely.
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Direct deposit
Total direct deposits (or ACH credits) of $500 or more per statement cycle -
Go paperless
Enroll in Online or Mobile Banking and sign up for e-Statements -
24 or younger
Primary account holder is 24 years old or younger. When the primary account owner reaches 25 years old, age can no longer be used to avoid the monthly service fee. -
Keep at least $1,000 in the account
An average daily balance of $1,000 or more each statement cycle
How to receive your cash bonus1
Open a checking account
If you are a new Flagstar customer, open a Flagstar Ready or Elite Checking account online in minutes.
$50 minimum deposit to open
Qualify with direct deposits
Within 90 days receive 3 monthly direct deposits totaling:
$1,500 ($500/month) for Ready Checking
$7,500 ($2,500/month) for Elite Checking
Receive your cash bonus
Within 30 days of receiving your three monthly direct deposits, you will receive your cash bonus. An early account closure fee and reclamation of the bonus may be imposed for accounts closed within 180 days.
Compare checking accounts
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Feature |
Elite Checking |
Ready Checking |
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Minimum opening deposit |
$50 |
$50 |
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Monthly fee |
$15
Avoid the fee
Avoid the $15 monthly maintenance feeChoose ONE of these options to waive the fee.
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$10
Avoid the fee
Avoid the $10 monthly maintenance feeChoose ONE of these options to lower the fee to $5. Choose TWO of them to waive the fee entirely.
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Fee waiver options |
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Overdraft options |
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Flagstar Visa® Debit Card6 |
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56,000+ Free ATMs3 |
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FDIC-insured2 |
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Earns interest |
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Premium CD rates4 |
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Higher transfer limits5 |
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Free annual checks |
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Dedicated service line |
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Benefits you get with Flagstar checking accounts
Spend with confidence
Use your Flagstar Visa® Debit Card6 for secure purchases worldwide.
Stay in control of your finances
Our highly rated Mobile App allows you to manage your accounts and send and receive payments wherever you go.
Your money is safe
Set up account security alerts and lock your debit card instantly if it's lost or stolen.
Easy ways to pay
Send money in minutes with Zelle,® pay bills online for free, and make contactless payments with mobile wallet.
FAQs
After meeting the cash bonus requirements, you will receive either a $300 credit into your Flagstar Ready Checking account or a $500 credit into your Flagstar Elite Checking account as a bonus 91-104 days after account opening.
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
- $50 to open an account
Yes! Flagstar is an FDIC-insured bank,2 which means customer checking account deposits are insured up to at least $250,000 per depositor for each deposit category.
Here is how Flagstar handles monthly account fees on our checking accounts:
- Flagstar Ready Checking: $10 monthly service fee reduced to $5 with any ONE of the following or fully waived with any TWO of the following: Enroll in electronic statements; $500 or more in total direct deposits (ACH credits) each statement cycle; $1,000 or more average balance each statement cycle; primary account holder is 24 years old or younger.
- Flagstar Elite Checking: $15 monthly service charge, which you can avoid by being an active-duty U.S. military member or a veteran, or 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.
Open a new checking account today to earn your cash bonus
Get a Flagstar Elite Checking account plus a $500 Cash Bonus1
Get a Flagstar Ready Checking account plus a $300 Cash Bonus1
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.
1 You must be a new personal checking customer of Flagstar Bank. You must open a Flagstar Ready Checking account or a Flagstar Elite Checking account. You will receive either a $300 credit into your Flagstar Ready Checking account or a $500 credit into your Flagstar Elite Checking account as a bonus 91–104 days after account opening, subject to the following conditions: Within the first 90 days after account opening, you must receive one or more direct deposits (ACH credits) totaling at least $500 per month for each of the three calendar months following account opening (for a cumulative total of at least $1,500) to qualify for the Ready Checking $300 offer; or at least $2,500 per month for each of the three calendar months following account opening (for a cumulative total of at least $7,500) to qualify for the Elite Checking $500 offer. For purposes of this offer, "direct deposit" means an electronic deposit of your paycheck, pension, Social Security, or other regular monthly income deposited into your account via ACH. Additionally, (i) this offer is limited to one promotion per household; (ii) if any signer on this account has been paid a checking cash bonus previously, you are ineligible to receive this offer; (iii) this offer cannot be combined with any other offers or promotions; (iv) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days; and (v) Flagstar Bank employees are not eligible for the offer. For tax purposes, the value of any cash bonus or incentive is considered taxable as interest and you will receive an IRS form from Flagstar Bank. Consult your tax advisor regarding your specific tax situation. Offer subject to change or cancellation at any time without notice. Receiving this offer does not guarantee your eligibility. All account applications are subject to our normal approval process. Area restrictions may apply.
2Visit fdic.gov for more information about FDIC insurance coverage.
3Currency conversion fee may apply to transactions outside the U.S.
4 Excludes 10-Day CDs. Offer available to customers enrolled in Flagstar Elite Relationship Program only.
5Higher limits apply within 30 calendar days if you are an existing customer or 60 calendar days if you are a new customer.
6This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
Flagstar Bank, 102 Duffy Avenue Hicksville, New York 11801