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Family in the kitchen

Get up to $5001 with a new Flagstar checking account

How to get your cash bonus...

step 1

Open a checking account

step 2

Meet bonus requirements1

step 3

Get your cash bonus

Building with cloud

FDIC insured up to $250,0002

Building with cloud

4.7 / 5 App Store rating as of 10/1/2026

Building with cloud

Free access to 56,000+ ATMs3

BEST FOR EVERYDAY BANKING

FLAGSTAR READY CHECKING

$ 400 1

Simple, low-requirement everyday checking.

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Pay anywhere with included Flagstar Visa® Debit Card4

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Automatic savings with Round Up with Flagstar®

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Custom account alerts & debit card controls

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24/7 Mobile Banking including Zelle® and more

Get my $400 bonus →

Minimum opening deposit: $50

Monthly fee: $10

Avoid the fee

Must live in FL, MI, or OH

BEST FOR HIGHER BALANCES + PERKS

FLAGSTAR ELITE CHECKING

$ 500 1

Everyday checking with premium perks.

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Dedicated client service

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Access to preferred CD rates5

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Higher mobile deposit and transfer limits6

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24/7 Mobile Banking including Zelle® and more

Get my $500 bonus →

Minimum opening deposit: $50

Monthly fee: $15

Avoid the fee

How to receive your cash bonus1

step 1

Open a checking account

If you are a new Flagstar customer, open a Flagstar Ready or Elite Checking account online in minutes.

step 2

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

step 3

Receive your cash bonus

Within 30 days of receiving your 3 monthly direct deposits, you will receive your cash bonus deposited directly into your new account.

Compare checking accounts

Feature

Ready Checking

Elite Checking

New customer cash bonus

$ 400 1

$ 500 1

Minimum opening deposit

$50

$50

Monthly fee

$10

Avoid the fee

$15

Avoid the fee

Overdraft options
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Flagstar Visa® Debit Card4
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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 rates5
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Higher transfer limits6
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Free annual checks
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Dedicated service line
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Get my $400
Get my $500

Benefits you get with Flagstar checking accounts

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Spend with confidence

Use your Flagstar Visa® Debit Card4 for secure purchases worldwide.

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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.

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Your money is safe

Set up account security alerts and lock your debit card instantly if it's lost or stolen.

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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 $400 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 Ready Checking account plus a $400 Cash Bonus1

Get my $400 bonus →

Get a Flagstar Elite Checking account plus a $500 Cash Bonus1

Get my $500 bonus →

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.

1You 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 $400 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 during each of the three consecutive 30-day timeframes (days 1-30, days 31-60, and days 61-90), for a cumulative total of at least $1,500 in direct deposits (ACH) credits to qualify for the Ready Checking $400 offer; or at least $2,500 during each of the three consecutive 30-day timeframes (days 1-30, days 31-60, and days 61-90), 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. The $400 Ready Checking offer is limited to new personal checking clients opening a Flagstar Ready Checking account with a primary address in Florida, Michigan, or Ohio. Clients with a primary address outside of these states are not eligible for this specific offer and may be eligible for an alternative promotional offer where available. 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.

4This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.

5 Excludes 10-Day CDs. Offer available to customers enrolled in Flagstar Elite Relationship Program only.

6Higher limits apply within 30 calendar days if you are an existing customer or 60 calendar days if you are a new customer.

Flagstar Bank, 102 Duffy Avenue Hicksville, New York 11801