SimplyYou Banking

flagstar-personal-checking-product-logo-simply

Looking for a checking account that’s designed to
fit right where you are in life? SimplyYou products
recognize the relationship you build with Flagstar.
Select from three different checking accounts.

flagstar-personal-checking-produc-topImage-simply


All checking accounts come with:

Basic - SimplyChecking
 

If simplicity is key, this is the no-frills account for you. You’ll have the ability to write checks, access your cash, bank on the go online or with your mobile phone1—even pay bills electronically.
 

Key account features:

  • No minimum balance required
  • No monthly service fee
  • 0.25% rate reduction on personal loans, home equity loans, and home equity lines of credit3
  • $25 off the origination fee on personal loans

Minimum $50 deposit to open
No Monthly Service Fee
 

 

Talk to a Banker (888) 248-6423
Apply at your
Local Branch

Plus - SimplyPlus+ CheckingSM
 

Want to start building a nest egg? If you usually keep a balance of $1,000 or more and want your deposits to earn interest4, this is an account designed to help you save.
 

Key account features:

  • Earns interest4view rates
  • $10 monthly service fee can be waived5
  • Flagstar $2.50 ATM transaction fee waived when you use another bank’s ATM (two times per statement cycle)
  • 0.25% rate reduction on personal loans, home equity loans, and home equity lines of credit3
  • Paper statement at no charge
  • $25 off the origination fee on personal loans
  • 50 and older benefits7

Minimum $50 deposit to open
$10 Monthly Service Fee
OR
No Monthly Service Fee with:

A $1,000 average daily balance,6
OR
a $5,000 average daily balance6 in combined personal checking, savings, money market, and CD accounts 

 

 

Talk to a Banker (888) 248-6423
Apply at your
Local Branch

Max - SimplyMax Checking®
 

If you do some serious banking—usually keeping a balance of $5,000 or more—this is the one to choose. This bells-and-whistles checking account offers you the opportunity to earn more.
 

Key account features:

  • Earns our highest interest4view rates
  • $25 monthly service fee can be waived8
  • Flagstar $2.50 ATM transaction fee waived when you use another bank’s ATM (unlimited)
  • 0.25% rate reduction on personal loans and home equity lines of credit3
  • Free box of custom checks or 50% off any other check style (once per year)
  • We’ll refund up to $20 per statement cycle in ATM fees charged by other banks (upon request)
  • $25 off the origination fee on personal loans
  • Free ID Protect Program

Minimum $50 deposit to open
$25 Monthly Service Fee
OR
No Monthly Service Fee with:

A $5,000 average daily balance,6
OR
a $25,000 average daily balance6 in combined personal checking, savings, money market, and CD accounts 

 

 

Talk to a Banker (888) 248-6423
Apply at your
Local Branch

Do you need help choosing the right account?

 

We can help.

Find a Branch


Talk to an expert
  • (888) 248-6423

 

Please see the Complete Disclosure Guide for additional details.

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply.  See disclosures for more details.

1Not all devices may be supported. Customer eligibility required.  Personal customer checking and savings accounts only.  Must be an active personal online banking user.  Must be a customer for a minimum of two months.  SimplyOne, Next Step, and Next Step 2 account holders are not eligible.  Accounts must be in good standing. Mobile check deposit terms & conditions.
2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
3Subject to loan approval. Excludes mortgages.
4Interest rates are tiered to a maximum amount. View interest rates.
5The $10 monthly service fee for SimplyPlus+ Checking accounts can be waived with: A $1,000 average daily balance,7 or a $5,000 average daily balance7 in combined personal checking, savings, money market, and CD accounts.
6Based on Average Daily Balance. Unlike many other banks, we use Average Daily Balance rather than Minimum Daily Balance to waive monthly service fees on all of our deposit accounts. This means that regardless of how low your balance may fall, you will not incur a service fee as long as your Average Daily Balance for the entire statement cycle meets or exceeds the account requirement.
750 or over customers in the SimplyPlus+ Checking account: There’s no monthly balance required, no monthly service fee, and this account includes free checks.
8The $25 monthly service fee for SimplyMax Checking accounts can be waived with: A $5,000 average daily balance,7 or a $25,000 average daily balance7 in combined personal checking, savings, money market, and CD accounts.


All checking accounts come with:

Which account is right for you?

Basic
Simply
Checking

Plus
SimplyPlus
Checking

Max
SimplyMax
Checking®

Earns interest

Online statements

Paper statements

3

No per-check fee

Preferred CD rates4

ATM transaction fees waived

5

6

Other bank's ATM fees waived

7

.25% rate reduction on personal loans, HELOANs and HELOCs8

$25 off the origination fee on personal loans9

HELOC fee waived

10

Account Alerts

Free online money management tools

Free annual investment review

Free annual mortgage review

Free checks11

Fee-free cashier's checks and money orders

Minimum Deposit to open

$50

$50

$50

Monthly service fee waived for customers 50 and over

Monthly Service Fee

None

$10
OR
NO monthly service fee with:

A $1,000 average daily balance,12
OR
a $5,000 average daily balance12 in combined personal checking, savings, money market, and CD accounts

$25
OR
NO monthly service fee with:

A $5,000 average daily balance,12
OR
a $25,000 average daily balance12 in combined personal checking, savings, money market, and CD accounts

 

Please see the Complete Disclosure Guide for additional details.

We reserve the right to change account benefits at any time without notice. Certain restrictions may apply.  See disclosures for more details.

Do you need help choosing the right account?

 

We can help.

Find a Branch


Talk to an expert
  • (888) 248-6423

1Not all devices may be supported. Customer eligibility required. Personal customer checking and savings accounts only. Must be an active personal online banking user. Must be a customer for a minimum of two months. SimplyOne, Next Step, and Next Step 2 account holders are not eligible. Accounts must be in good standing. Mobile check deposit terms & conditions.
2This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
3Paper statements are available for a $2 monthly fee for SimplyChecking or Red Wings Checking.
4Get a higher CD rate by maintaining $5,000 or more in combined personal checking, savings, and money market accounts. Excludes promotional rate.
5Flagstar $2.50 ATM transaction fee waived when you use another bank's ATM (two times per statement cycle).
6Flagstar $2.50 ATM transaction fee waived when you use another bank’s ATM (unlimited).
7We’ll refund up to $20 per statement cycle on ATM fees charged by other banks (upon request).
8Subject to loan approval. Excludes mortgages.
9$100 origination fee.
10$75 annual HELOC fee waived if you keep a funded balance in your HELOC of $10,000 or more.
11For Plus accounts, if you are 50 or over, once per year, receive a free box of Flagstar custom checks or 50% off other styles. On Max accounts, once per year, receive a free box of Flagstar custom checks or 50% off other styles.
12Based on Average Daily Balance. Unlike many other banks, we use Average Daily Balance rather than Minimum Daily Balance to waive monthly service fees on all of our deposit accounts. This means that regardless of how low your balance may fall, you will not incur a service fee as long as your Average Daily Balance for the entire statement cycle meets or exceeds the account requirement.