Checking Account

Flagstar Bank

Flagstar Bank Checking up to $500 Bonus

$500bonus

Required Deposit

$500

Time to Complete

90 days

Min. Hold Period

180 days

Requirements

Direct Deposit Required

Set up recurring direct deposits to your account

Required Deposit: $500

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

Open a new Flagstar Ready Checking or Flagstar Elite Checking account with at least $50 and earn a $300 or $500 cash bonus, respectively, by maintaining a $500 average daily balance and receiving one or more direct deposits totaling $500 or more within the first 90 days. Bonus is paid 91-104 days after account opening. Limited to new personal checking customers, one bonus per household.

Availability

AZ
CA
FL
IN
MI
+4 more

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
ACH used to work ( · 2
Alliant · 1
Unify FCU · 1

Last updated: March 3, 2026