Checking Account

Flagstar Bank

Flagstar Bank Checking up to $500 Bonus

$500bonus

Required Deposit

$0

Time to Complete

90 days

Min. Hold Period

180 days

Requirements

Direct Deposit Required

Set up recurring direct deposits to your account

Required Deposit: $0

Deposit required to qualify for bonus

Maintain an average daily balance of $500 or more and receive one or more direct deposits totaling $500 or more within the first 90 days.

Bonus Timeline

Bonus Posts Within104 days after meeting requirements
Keep Account Open90 days minimum
Direct Deposit Amount$500/mo
Monthly RequirementsMaintain an average daily balance of $500 or more and receive one or more direct deposits totaling $500 or more within the first 90 days.

Fine Print

Credit PullSoft Pull
ChexSystemsPulls Chex — Unknown
Household LimitOne
New Customers OnlyYes — no account in last 12 months

Fees & Terms

Monthly Fee$3.00
Fee WaiverFlagstar Ready Checking: $3 monthly maintenance fee waived by enrolling in electronic statements OR $500 or more in total direct deposits each statement cycle OR primary account holder is age 24 or younger. Flagstar Elite Checking: $15 monthly service charge waived when you maintain a $25,000 combined daily average balance in Flagstar personal deposit accounts.
Minimum Hold Period180 days

Details

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.

Availability

AZ
CA
FL
IN
MI

Qualifying Direct Deposits

ACH pushes from these financial institutions have qualified as a direct deposit at Flagstar Bank. Counts are community-confirmed data points.

Fidelity · 4
Unify FCU · 1
Alliant · 1

Last updated: July 10, 2026