Flagstar Offer

Bonus Details

$300 bonus for the Ready Checking account, or $500 for the Elite Checking account.

How To Qualify

Open Ready or Elite Checking with $50 as a new Flagstar personal checking customer. Receive qualifying income direct deposits totaling at least $500 (Ready) or $2,500 (Elite) in each 30-day window after opening: days 1–30, 31–60 and 61–90 ($1,500 or $7,500 total). Any signer who previously received a checking cash bonus is ineligible; limit one promotion per household, not combinable with other offers. Keep the account open for 180 days to avoid possible closure fees and bonus reclamation.

The Fine Print

Monthly Fees: $10
Credit Inquiry: Soft Pull
Account Type: Personal Checking Account
Expiration Date: None Listed
ChexSystems: Yes
Additional Requirements: $50 minimum opening deposit
Availability: Arizona, California, Florida, Indiana, Michigan, New Jersey, New York, Ohio, Wisconsin

Monthly Fee Details

Ready: $10/month; meet one condition to reduce it to $5, or any two to waive: $500 in direct deposits/ACH credits per statement cycle; Online/Mobile Banking plus eStatements; primary owner under 25; or $1,000 average daily balance. Elite: $15/month, waived for active-duty U.S. military/veterans or $25,000 average daily balance across linked Flagstar personal deposit and/or wealth services accounts.

Early Account Closure Fee

Bonus forfeit if the account is closed within 180 days.

Official offer terms

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

6You 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 $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 after account opening, you must receive one or more direct deposits (ACH credits) totaling at least $500 during each of the three consecutive 30-day timeframes (days 1-30, days 31-60, and days 61-90), for a cumulative total of at least $1,500 in direct deposits (ACH) credits to qualify for the Ready Checking $300 offer; or at least $2,500 during each of the three consecutive 30-day timeframes (days 1-30, days 31-60, and days 61-90), 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. 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. Offer subject to change or cancellation at any time without notice. Area restrictions may apply.