Flagstar Bank Ready Checking Offer

Bonus Details

Earn $400, credited 91–104 days after account opening if you qualify.

How To Qualify

Open Ready Checking with $50 as a new personal checking customer. Within 90 days, receive qualifying income direct deposits totaling at least $500 in each of the three calendar months following opening ($1,500 total). No account signer may have previously received a checking cash bonus; limit one promotion per household. Keep the account open for 180 days to avoid possible bonus clawback and an early closure fee.

The Fine Print

Monthly Fees: $10
Account Type: Personal Bank Account
Expiration Date: None Listed
Availability: Florida, Michigan, Ohio

Monthly Fee Details

$10 monthly; meet one condition to reduce it to $5, or two to waive it: $500 in direct deposits/ACH credits per statement cycle; Online or Mobile Banking enrollment plus eStatements; primary owner age 24 or younger; $1,000 average daily balance per cycle.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

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. 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. For purposes of this offer, "direct deposit" means an electronic deposit of your paycheck, pension, Social Security, or other regular monthly income deposited into your account via ACH. The $400 Ready Checking offer is limited to new personal checking clients opening a Flagstar Ready Checking account with a primary address in Florida, Michigan, or Ohio. Clients with a primary address outside of these states are not eligible for this specific offer and may be eligible for an alternative promotional offer where available. Additionally, (i) this offer is limited to one promotion per household; (ii) if any signer on this account has been paid a checking cash bonus previously, you are ineligible to receive this offer; (iii) this offer cannot be combined with any other offers or promotions; (iv) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days; and (v) Flagstar Bank employees are not eligible for the offer.