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Flagstar

Elite Checking Bonus

$500

bonus value

$500 when you open a new Flagstar Elite Checking account with a $50+ opening deposit and receive 3 monthly direct deposits of $2,500+ each ($7,500 total) within the first 90 days.

Expires: Dec 31, 2026

Requirements

1

Open Flagstar Elite Checking

New Flagstar personal checking customers only — $50 minimum opening deposit

2

Receive $7,500+ in direct deposits

At least $2,500 per month via ACH for each of the 3 calendar months after opening (cumulative $7,500)

3

Keep account open 180 days

Bonus paid 91–104 days after opening; early close within 180 days may forfeit and reclaim the bonus

Details

Minimum Deposit$50
Monthly Fee$15
Fee Waiver$25,000 combined average monthly balance
Keep Open6 months min
Cooldown Period12 months
Direct DepositRequired

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Terms & Conditions

New Flagstar personal checking customers only. $50 minimum opening deposit. Must receive one or more direct deposits (ACH) totaling at least $2,500 per month for each of the 3 calendar months following account opening (cumulative $7,500) within the first 90 days. Direct deposit means an electronic ACH deposit of paycheck, pension, Social Security, or other regular monthly income. $500 bonus credited 91–104 days after account opening. Monthly fee of $15 waived with $25,000 combined average monthly balance. One promotion per household; ineligible if any signer previously received a Flagstar checking cash bonus. Early account closure fee and bonus reclamation may apply for accounts closed within 180 days. Bonus reported on Form 1099-INT.

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Bonus Calculator

1 mo6 months24 mo
Bonus+$500
Net Value$500
Effective APY2000.0%

Based on $50 deposit for 6 months

Eligible AgainAfter 12 months