Check out the latest Flagstar Bank promotions, bonuses, and offers here.
Update 5/19/25: There’s now a $1000 business checking bonus valid through 6/30/25. The $300 or $500 checking bonus has been extended through 5/31/25.
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 $300 or $500 Checking Bonus
When you open a new checking account in the branch and meet the requirements, you can receive a $300 or $500 bonus.
- What you’ll get: $300 or $500 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 05/31/2025)
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 ($400 cash bonus*) | BMO Smart Advantage Checking ($400 cash bonus*) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | SoFi Checking and Savings ($325 bonus) |
| First Tech Rewards Checking ($300 bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a Ready Checking or Elite Checking account with $50 or more.
- $300 Cash Bonus for Flagstar Ready Checking
- $500 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 $300 credit for Flagstar Ready Checking or a $500 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 90 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, and this offer cannot be combined with any other offers or promotions.
- 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 May 31, 2025.
Flagstar Bank $1,000 Business Checking Bonus
When you open a new checking account in the branch and meet the requirements, you can receive a $1,000 bonus.
- What you’ll get: $1,000 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
(Expires 06/30/2025)
| Chase Business Checking ($300 or $500 Bonus) | Bank of America Business Checking ($200 bonus offer) |
| Axos Business Premium Savings ($375 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) | Bluevine Business Checking ($300 Bonus) |
| U.S. Bank Business Checking ( $500 or $900 Bonus) | |
How To Earn Bonus
HOW TO EARN BONUSFINE PRINT
- Open a Business Solutions Checking or Business Solutions Checking with Interest account at your local branch. Minimum $100 deposit to open a checking account.
- Maintain an average daily balance of $25,000 or more for the first 90 days.
- You will receive a $1,000 credit into this account as a bonus 91-104 days after making an initial deposit to the new account.
- Try Clover for 60 days + get a $500 rebate.
- Important information will be provided to you in the disclosures you receive during the account opening process.
- You must be a new business checking customer of Flagstar Bank and open a Business Solutions Checking or Business Solutions Checking with Interest account. Minimum $100 deposit to open a checking account. You will receive a $1,000 credit into this account as a bonus 91-104 days after making an initial deposit to the new account (account funding), subject to the following condition: Within the first 90 days of the account funding (bonus period), you must maintain an average daily balance of $25,000 or more. Additionally, (i) this offer is limited to one business checking bonus per tax identification number, (ii) Business Solutions Checking or Business Solutions Checking with Interest account must be funded within 90 days of the account opening date, (iii) consumer accounts do not qualify for this business checking offer, (iv) early account closure fee and reclamation of bonus may be imposed for account closed within 180 days, and (v) Flagstar employees are not eligible for the offer. If you have been paid a business checking cash bonus previously, you are ineligible to receive this offer. If multiple accounts are opened with the same account holder, only one account may be eligible for the business cash bonus. This offer cannot be combined with any other offers or promotions. For tax purposes, you will receive an IRS form from Flagstar. Receiving this offer does not guarantee your eligibility. All account applications are subject to our normal approval process. Area restrictions may apply. Offer expires June 30, 2025.
- Promotional offer valid from April 1, 2025, through June 30, 2025. This offer is available for qualified Flagstar Bank merchant services customers who have not had a merchant services account processed by First Data Merchant Services LLC within the last six months. Offer is valid for one Clover Business bundle for a Clover Flex, Flex Pocket, Mini, Station Solo, or Station Duo point-of-sale hardware device purchase or 36- month or 48-month subscription. The Clover Business bundle includes a $500 rebate and a no-cost 60-day trial of the Essentials service plan. The $500 rebate will be initiated approximately 60 days after the account begins processing transactions. The Essentials Plan monthly fees will be billed after 60 days. To be eligible, the merchant must (1) purchase or subscribe to a Clover Flex, Flex Pocket, Mini, Station Solo, or Station Duo point-of-sale device; (2) be credit approved between 4/1/25 and 6/30/25; (3) sign a merchant processing agreement; (4) activate account within 30 days from approval date. Additional fees apply to certain services on activated accounts. All terms and conditions apply, including, without limitation, all applicable early termination fees and monthly minimums. Eligibility is at the sole discretion of First Data Merchant Services LLC. Only one offer per eligible business tax ID. Offer not valid with any other offer and is subject to change without notice.
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.
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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, 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.
he $250 or $350 checking bonus offers have been extended through 12/31/24.
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..