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Get up to $5001 with a new Flagstar checking account

How to get your bonus…

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Open an account securely online in minutes

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Meet your bonus requirements1

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Receive your cash bonus–it's that easy

Get up to $5001 with a new Flagstar checking account

How to get your bonus…

Icon of one

Open an account securely online in minutes

Icon of two

Meet your bonus requirements1

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Receive your cash bonus–it's that easy

Image that says Get up to A $500 Cash Bonus
Building with cloud

FDIC insured up to $250,0002

Building with cloud

4.7 / 5 Apple App Store rating as of 7/1/2026

Building with cloud

Free access to 56,000+ ATMs3

Your checking could use some change

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 rates4

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Higher mobile deposit and transfer limits5

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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

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 Card6

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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

Compare checking accounts

Feature

Elite Checking

Ready Checking

Minimum opening deposit

$50

$50

Monthly fee

$15

Avoid the fee

$10

Avoid the fee

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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Get my $500
Get my $400

How to receive your cash bonus1

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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

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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

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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.

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 Elite Checking account plus a $500 Cash Bonus1

Get my $500 bonus →

Get a Flagstar Ready Checking account plus a $400 Cash Bonus1

Get my $400 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 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 $400 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. 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.

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