SimplyMax Checking®
Our most rewarding account.
Save even more in your account to earn our top-tier checking interest rates. In addition to all of our leading checking features, SimplyMax offers free annual checks, the chance to waive your monthly maintenance fee, and more.
KEY ACCOUNT FEATURES:
- Earn our top checking account interest1—view rates
- $25 monthly service fee can be waived2
- Online banking and bill pay
- Preferred CD rates are available by keeping $5,000 or more in combined checking, savings, and money market accounts3
- Mobile banking with mobile check deposit4
- One free box of custom checks (or 50% off of any other check style) per year
- Up to $20 in ATM fees charged by other banks refunded per statement cycle (upon request)
- Free VISA® debit/ATM card5
- Free access to a network of over 56,000 Allpoint and Presto ATMs worldwide6
- Flagstar $2.50 ATM transaction fee waived when you use another bank’s ATM (unlimited)
- 0.25% rate reduction on home equity lines of credit when payments are automatically made from this account7
- 0.25% rate reduction on personal loans, personal lines of credit, and home equity loans, when payments are automatically made from this account.7
- 24-Voice Phone Banking Call (888) 248-6423
- Minimum $50 deposit to open
MONTHLY SERVICE FEE:
$25 maintenance service fee
OR NO MAINTENANCE SERVICE CHARGE WITH:
$5,000 Average Daily Collected Balance8
OR NO MONTHLY MAINTENANCE CHARGE WITH:
$25,000 Average Daily Collected Balance8 in combined personal checking, savings, money market, and CD accounts
All checking accounts come with:
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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.
1Interest rates are tiered to a maximum amount. View interest rates.
2The $25 monthly service fee for SimplyMax Checking accounts can be waived with: A $5,000 Average Daily Collected Balance, or a $25,000 Average Daily Collected Balance in combined personal checking, savings, money market, and CD accounts.
3Excludes promotional rates.
4Not 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 business days. SimplyOne account holders are not eligible. Accounts must be in good standing.
5This debit card is issued by Flagstar Bank pursuant to a license from Visa U.S.A. Inc.
6Currency conversion fee may apply to transactions outside the U.S.
7Subject to loan approval. Excludes mortgages. Automatic payments must be established and elected at time of application. Subject to change at any time.
8Based on Average Daily Collected Balance. Unlike many other banks, we use Average Daily Collected 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 Collected Balance for the entire statement cycle meets or exceeds the account requirement.