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Get a cash bonus1 up to $500 when you open a new checking account

Two ways to upgrade your banking

$300 Cash Bonus1

 

Flagstar Ready Checking

Best for everyday banking with no balance requirements

Flagstar Ready Checking offers all the essentials plus added perks. Enjoy peace of mind with overdraft protection and no minimum balance.

  • No minimum balance requirement
  • $10 monthly service fee can be 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.
  • Round Up with Flagstar® lets you save the change whenever you use your debit card2
Get my $300 bonus

$500 Cash Bonus1

 

Flagstar Elite Checking

Best for earning interest with added premium perks

Flagstar Elite Checking is packed with perks like higher interest, dedicated service, and higher transfer and mobile deposit limits.

  • $1,000 minimum balance to earn monthly interest
  • $15 monthly service fee waived with $25,000 average daily balance in combined Flagstar linked personal deposit and/or wealth services accounts3
  • Premium interest rates for CDs4 and higher transfer and mobile deposit5 limits
  • Free ATM access worldwide
Get my $500 bonus

Earn your cash bonus1 by completing three simple steps

Bonus paid automatically into your new checking account.

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Open a Flagstar Ready Checking or Flagstar Elite Checking account with $50 or more.

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Maintain an average daily balance of $500 or more for the first 90 days.

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Set up one or more direct deposits totaling $500 or more in the first 90 days.

Features and tools included in both checking accounts

Image of debit cards

Flagstar Visa® Debit Card6

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Stay protected with Debit Card Controls and Account Alerts

Image of desktop computer and phone

Online Banking and Mobile App7 with access to My Credit Score and Money Center

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Mobile Check Deposit8

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Pay bills online and send money with Zelle®

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Free access to 56,000+ Flagstar ATMs9 and over 300 branches

FAQs

After meeting the cash bonus requirements, you will receive either a $300 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.

Yes! Flagstar is an FDIC-insured bank,10 which means customer checking account deposits are insured up to at least $250,000 per depositor for each deposit category.

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
  • Valid identification (such as driver's license, state ID, or passport)
  • $50 to open an account

 

Finger clicking to apply

Get a Flagstar Ready Checking account plus a $300 Cash Bonus1

Get my $300 bonus
Finger clicking to apply

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. Minimum $50 deposit to open checking account. You will receive either a $300 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 of the account opening (bonus period), you must maintain an average daily Balance of $500 or more and have one or more direct deposits (ACH credits) totaling $500 or more. Additionally, (i) this offer is limited to one checking bonus per household, (ii)account must be funded within 90 days of the account opening date, (iii) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days, and (iv) Flagstar Bank employees are not eligible for the offer. If any signer on this account has been paid a checking cash bonus previously, you are ineligible to receive this offer. This offer cannot be combined with any other offers or promotions. For tax purposes, you will receive an IRS form from Flagstar Bank. 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. This limited time offer is subject to change or cancellation at any time without notice.

2Once enrolled, Flagstar Bank N.A., will round up your debit card purchases to the nearest whole dollar and transfer the difference from your associated checking account to your eligible savings account to be credited at the end of each day. If on a business day you do not have enough available funds in your checking account, if any transaction has overdrawn your checking account, or if the ending balance is negative, we will not round up purchases. The following exclusions apply: 1) ATM transactions do not qualify 2) Debit card adjustment transactions will not be rounded up 3) If your debit card purchase is canceled or reversed after the round up transfer has been made, the round up transfer will remain in the savings account. We may cancel or modify Round Up at any time without prior notice. You can enroll and opt out of this service through Online Banking. 

3Monthly maintenance service fee waived with any ONE of the following: Active U.S. military/veteran; $25,000 average daily balance in combined Flagstar linked personal deposit and/or wealth services accounts.

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.

7Not all devices supported. Available for eligible personal and business deposit account customers only.

8Not all devices supported. Available for eligible personal and business checking and savings account customers only. Must be an active mobile banking user. Must be a customer for a minimum of two business days. Accounts must be in good standing.

9Currency conversion fee may apply to transactions outside the U.S.

10Visit fdic.gov for more information about FDIC insurance coverage.

Flagstar Bank, 102 Duffy Avenue Hicksville, New York 11801