Check out the latest Flagstar Bank promotions, bonuses, and offers here.
Update 10/14/24: The $250 or $350 checking bonus offers have been extended through 11/30/24.
About Flagstar Bank Promotions
Flagstar Bank, founded in 1987, offers exceptional full-service banking and lending expertise with a distinctive, personal focus. In 2021, it merges with New York Community Bancorp, Inc. (NYCB) making availability in many more States.
We will review current Flagstar Bank promotions below.
Flagstar Bank $250 or $350 Checking Bonus
When you open a new checking account in the branch and meet the requirements, you can receive a $250 or $350 bonus.
- What you’ll get: $250 or $350 bonus
- Account Type: Ready Checking or Elite Checking
- Availability: AZ, CA, FL, IN, MI, NJ, NY, OH, WI (Bank Locator)
- Direct Deposit Requirement: Yes, $500+ (see what works)
- Credit Inquiry: Soft Pull
- ChexSystems: Yes, sensitive
- Credit Card Funding: None
- Monthly Fees: $0-$15, waivable
- Early Account Termination Fee: Must keep account open for at least 180 days, otherwise bonus will forfeit
- Household Limit: One
(Expires 11/30/2024)
Editor’s Note: The Flagstar ready checking account has no monthly fee when you opt into eStatements. For the Flagstar Elite Checking, you must have a $25K balance to waive the $15 monthly fee.
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Fifth Third Bank Momentum® Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | Truist Checking ($400 bonus) |
How To Earn Bonus
- Open a Ready Checking or Elite Checking account with $50 or more.
- $250 Cash Bonus for Flagstar Ready Checking
- $350 Cash Bonus for Flagstar Elite Checking
- Maintain an average daily balance of $500 or more for the first 90 days.
- Set up one or more direct deposits totaling $500 or more in the first 90 days
- You must be a new personal checking customer of Flagstar Bank.
- You must open a Flagstar Ready Checking or Flagstar Elite Checking account.
- Minimum $50 deposit to open checking account.
- You will receive a $250 credit for Flagstar Ready Checking or a $350 credit for Flagstar Elite Checking into this account as a bonus 91-104 days after an initial deposit is made to the new account (account funding) opened, subject to the following conditions: Within the first 90 days of the account funding (bonus period) you must maintain an average daily Balance of $500 or more and have one or more direct deposits (ACH credits) totaling $500 or more.
- Additionally, (i) this offer is limited to one checking bonus per household, (ii)Flagstar Ready Checking account must be funded within 90 days of the account opening date, Flagstar Elite Checking account must be funded within 60 days of the account opening date, (iii) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days, and (iv) Flagstar Bank employees are not eligible for the offer.
- If you have been paid a checking cash bonus previously, you are ineligible to receive this offer.
- For tax purposes, you will receive an IRS form from Flagstar Bank.
- Offer subject to change or cancellation at any time without notice.
- Receiving this offer does not guarantee your eligibility.
- All account applications are subject to our normal approval process.
- Area restrictions may apply.
- Offer expires November 30, 2024.
Flagstar Bank $500 Business Checking Bonus *Expired*
Earn a $500 bonus with Business Checking Account.
When you open a new checking account in the branch and meet the requirements, you can receive a $500 bonus.
- What you’ll get: $500 bonus
- Account Type: Business Checking
- Availability: AZ, CA, FL, IN, MI, NJ, NY, OH, WI (Bank Locator)
- Direct Deposit Requirement: None
- Credit Inquiry: Soft Pull
- ChexSystems: Unknown
- Credit Card Funding: None
- Monthly Fees: $0-$35; waivable
- Early Account Termination Fee: None
- Household Limit: None
(Limited time offer)
| Chase Business Checking ($300 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| U.S. Bank Business Checking ( $400 or $900 Bonus) | Axos Bank Basic Business Checking ($400 Bonus) |
| Axos Bank Business Interest Checking ($400 Bonus) | Huntington Unlimited Plus Business Checking ($1,000 Bonus) |
| Huntington Unlimited Business Checking ($400 Bonus) | Live Oak Bank Business Savings ($200 Bonus) |
| Axos Business Premium Savings ($375 Bonus) | Bluevine Business Checking ($300 Bonus) |
How To Earn Bonus
- Must be a new business checking customer of Flagstar Bank.
- Minimum $100 deposit to open a business checking account.
- New business checking account must remain open for at least 90 days
- Have deposits of at least $5,000 in the first 90 days
- Have at least 10 qualified transactions within the 90 day period (qualified transactions are debits, paid items, credits, and deposited items).
- This offer is limited to one bonus per customer.
- This offer cannot be combined with any other bonus offers.
- Personal Flagstar checking accounts do not qualify.
- Flagstar Bank employees are not eligible for this offer.
- For tax purposes, the customer will receive an IRS form from Flagstar.
- Offer subject to change or cancellation at any time without notice.
- Receiving this offer does not guarantee your eligibility.
- Area restrictions may apply.
How To Waive Monthly Fees
- Flagstar ready checking account: No monthly fee when you opt into eStatements
- Flagstar Elite Checking: $15 monthly service charge, waived when you maintain a $25,000 combined monthly average balance in your Flagstar personal deposit accounts
- Standard Business Checking: There are no monthly fees with this account.
- Enhanced Business Checking: $15 monthly fee be waived with:
- $5,000 average daily collected balance. OR
- $15,000 combined average daily collected balance in your linked Flagstar accounts. OR
- An active Merchant Services account with $5,000 in net deposits per month.
 |
 |
Bottom Line
Be sure to check out Flagstar Bank’s promotion for your chance to earn a bonus. The bonus is pretty straight forward, and when you open an account, you can gain access to many great features that come with the account.
Feel free to comment below and let us know about how it went and if you could fund your account with a credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide.
Compare Flagstar Bank Promotions with other bank bonuses from banks like Citi, Huntington, HSBC, Chase, TD, Discover Bank, Aspiration, Axos Bank, PNC Bank, BMO Harris, SoFi, Fifth Third Bank, Bank of America, Wells Fargo, US Bank, and more!
*Check back on this page for updated Flagstar Bank promotions, bonuses, and offers.
this one is dead. at least i called before driving an hour.
I was approved for this promotion when I signed up in branch in Novi, MI. However; the branch manager had to send a manual e-mail to the HQ office to get the promotion “activated”.
The banker had no idea about this promotion when I stopped by and had to call the main HQ office.
The new version of this appears to be targeted at existing flagstar customers who don’t have a personal checking account. I was denied this promo in branch.
The promotion ended 5/14/2018, per an online chat with the bank. I missed it by one day!
Link doesn’t show deal. maybe it did before but doesn’t as of today 5-15-2018.
Link to deal appears to be dead!
Adverse action e-mail. Hard pull for me. Denied. Too good to be true.
I applied in branch and it is a soft pull (ChexSystems)!
I applied and I can confirm that there is sadly no credit card funding available..