FDIC-Insured—Backed by the full faith and credit of the U.S. Government
CHECKING ACCOUNTS
Find the checking account that fits your lifestyle. Choose from everyday and interest-earning checking options—all with 24/7 mobile banking, a Visa® Debit Card1, and access to over 56,000 ATMs nationwide2. Open an online checking account in minutes.
NO MINIMUM BALANCE
Best for simple, everyday banking with no balance requirements
Monthly fee: $10, $5, or $0
Choose ONE of these options to lower the fee to $5. Choose TWO of them to waive the fee entirely.
EARNS INTEREST
Best for earning interest with added premium perks
Monthly fee: $15 or $0
Choose ONE of these options to waive the fee.
Started an application? Finish application.
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Feature |
Ready Checking |
Elite Checking |
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Minimum opening deposit |
$50 |
$50 |
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Monthly fee |
$10 |
$15 |
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Fee waiver options |
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Overdraft options |
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Flagstar Visa® Debit Card1 |
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56,000+ Free ATMs2 |
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FDIC-insured5 |
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Earns interest |
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Premium CD rates3 |
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Higher transfer limits4 |
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Free annual checks |
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Dedicated service line |
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MOBILE APP
Bank securely from anywhere with our highly rated Mobile App. Safely pay bills, send money with Zelle,® deposit checks,6 and manage all your accounts.7
4.7 
Apple App Store as of 7/1/2026
Scan this code with your phone’s camera to download the Flagstar Mobile App from the Apple App Store or Google Play Store.
A checking account is a bank account for everyday spending and transactions like paying bills, sending money to family and friends, using a debit card, and receiving paychecks through direct deposit. Most checking accounts include online and mobile banking.
Visit our Understanding Checking Accounts page to learn more about how checking accounts work.
Flagstar checking accounts include:
FDIC insurance protects your money (up to $250,000) in insured U.S. banks. It covers accounts like checking, savings, and CDs.
Flagstar is an FDIC-insured bank, which means customer deposits are insured up to at least $250,000 per depositor for each deposit category.5
Most bank's require a completed application, completed in a branch or online, that includes personal information about yourself. This often includes:
When you open a Flagstar Checking Account online or at a branch, please have the following information available:
There are two common fees that bank's may charge related to checking accounts. They are monthly account fees and/or ATM fees.
A monthly account fee is a fee banks may apply to your account each month. It can often be waived by meeting certain requirements, for example, maintaining a specific balance or enrolling in services such as e-statements.
An ATM fee is a fee for using an ATM outside your bank’s network. Either the owner of the ATM, or your bank, or both, may charge a fee.
Here is how Flagstar handles monthly account fees on our checking accounts:
Flagstar customers have free access to 56,000+ ATMs in the AllPoint and Presto global networks2, as well as over 300 branches.
Most checking accounts include online and mobile banking. Common features within online and mobile banking include the ability to check balances, transfer money, pay people or bills online, and deposit checks using a mobile device.
Flagstar checking accounts include both Online Banking and a Mobile App. Features include:
A debit card is connected to your checking account and allows you to make purchases or withdraw cash directly from your account. Unlike a credit card, it only uses the money you already have.
All Flagstar checking accounts come with a Flagstar Visa® Debit Card1.
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.
