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

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 · 12
ACH used to work ( · 6
Alliant · 3
Unify FCU · 3

Last updated: March 3, 2026