Elite Checking Bonus

$500

bonus value

$500 when you open a new Flagstar Elite Checking account, maintain $500+ average daily balance, and receive $500+ in direct deposits within 90 days.

Expires: Jul 31, 2026

Requirements

Open Flagstar Elite Checking

New Flagstar customers in AZ, CA, FL, IN, MI, NJ, NY, OH, WI

Maintain $500+ average daily balance

Average daily balance of $500 or more

Receive $500+ in direct deposits

One or more direct deposits totaling $500+ within 90 days

Details

Minimum Deposit$500

Monthly Fee$25

Fee Waiver$7,500 average daily balance or $500+ monthly direct deposit

Keep Open6 months min

Cooldown Period12 months

Direct DepositRequired

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Terms & Conditions

New Flagstar checking customers only. Available in AZ, CA, FL, IN, MI, NJ, NY, OH, WI. Must maintain $500+ average daily balance and receive $500+ in direct deposits within 90 days. Monthly fee waived with $7,500 average daily balance or $500+ monthly direct deposit. Bonus reported on Form 1099-INT.

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Bonus Calculator

How long will you keep the account?

1 mo6 months24 mo

I can waive the monthly fee$7,500 average daily balance or $500+ monthly direct deposit

Bonus+$500

Net Value$500

Effective APY200.0%

Based on $500 deposit for 6 months

Eligible AgainAfter 12 months