Check out the latest Flagstar Bank promotions, bonuses, and offers here.
They are currently offering a $500 bonus when you open a new checking account and meet the requirements.
Table of Contents
About Flagstar Bank Promotions
Flagstar Bank offers exceptional full-service banking and lending expertise with a distinctive, personal focus. Chartered in 1987 as a federal savings bank, today Flagstar has assets of $20.2 billion, is the fifth-largest bank mortgage originator nationally, and the third-largest savings bank in the country.
- Availability: MI, IN, OH, WI (Bank Locator)
- Credit Inquiry: Soft Pull
- ChexSystems: Yes, sensitive
- Credit Card Funding: None
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!
We will review the current Flagstar Bank promotions below.
Flagstar Bank $500 Business Checking Bonus
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: MI, IN, OH, WI
(No expiration date listed)
|Compare to some of the best business checking accounts such as , U.S. Bank Business Checking ($300 Bonus), Axox Bank Basic Business Checking ($200 Bonus), Axos Bank Business Interest Checking ($200 Bonus), Huntington Unlimited Plus Business Checking ($750 Bonus), Huntington Unlimited Business Checking ($400 Bonus), as well as the Huntington Business Checking 100 ($200 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
- SimplyAccess Checking: $10 monthly fee waived with:
- $1,000 Average Daily Collected Balance OR
- $2,500 Average Daily Collected Balance in combined personal checking, savings, money market, and CD accounts OR
- 10 or more ATM/debit card point-of-sale transactions OR
- ACH credits of $500 or more OR
- 24 years of age or younger
- SimplySelect Checking: $15 monthly fee waived with:
- $1,500 Average Daily Collected Balance OR
- $5,000 Average Daily Collected Balance in combined personal checking, savings, money market, and CD accounts
- SimplyMax Checking: $25 monthly fee waived with:
- $5,000 Average Daily Collected Balance OR
- $25,000 Average Daily Collected Balance in combined personal checking, savings, money market, and CD accounts
- SimplySavings: $3 monthly fee waived with:
- An average daily balance of $300 OR
- Flagstar personal checking account
- Foundation Savings Plus Account: $15 monthly fee waived with:
- Flagstar personal checking account OR
- A $10,000 Average Daily Collected Balance
- High-Yield Savings Account: $35 monthly fee waived with:
- Flagstar personal checking account OR
- A $50,000 average daily balance
- SimplyKids Savings Account: No monthly fee
- Health Savings Account (HSA): $5 annual administration fee
- 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.
- Premier Interest Business Checking: $35 monthly fee waived with:
- $25,000 average daily collected balance. OR
- $50,000 combined average daily collected balance in your linked Flagstar accounts. OR
- An active Merchant Services account with $25,000 in net deposits per month.
- Business Analysis Checking: Not listed
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.
*Check back on this page for updated Flagstar Bank promotions, bonuses, and offers.