Flagstar Bank is offering a $300 or $500 promotion for opening Ready Checking or Elite Checking. Availability: AZ, CA, FL, IN, MI, NJ, NY, OH, and WI, subject to Flagstar availability
Want more bank bonuses? See our regularly updated list of the best current bank promotions.
Flagstar Bank Bonus Overview
Bonus: $300 or $500
Account: Ready Checking or Elite Checking
Deadline: No fixed end date shown on the current official page
Promo code: None listed
Availability: AZ, CA, FL, IN, MI, NJ, NY, OH, and WI, subject to Flagstar availability
How to Earn the Bonus
Trending Checking Account Deal:
- Open a new Flagstar Ready Checking or Elite Checking account with at least $50.
- For $300 with Ready Checking, receive at least $500 in qualifying direct deposits in each of three months within 90 days.
- For $500 with Elite Checking, receive at least $2,500 in qualifying direct deposits in each of three months within 90 days.
- Keep the account open for at least 180 days to avoid bonus forfeiture.
Who Is Eligible?
Limited to new Flagstar personal checking customers in markets where online or branch opening is offered. Customers who previously received a Flagstar checking cash bonus are ineligible. Limit one bonus per household.
Monthly Fees and Minimums
Ready Checking charges up to $10 monthly; the fee can be reduced or waived by meeting current eStatement, direct-deposit, balance, or age criteria. Elite Checking charges $15 monthly, waived for qualifying military customers or with at least $25,000 in eligible combined balances.
When Is the Bonus Paid?
The applicable bonus is generally credited 91 to 104 days after account funding if all conditions are met. Closing within 180 days may trigger bonus forfeiture. Promotional rewards may be taxable.
Important Dates
- No fixed expiration date was shown on the official page when checked.
- Complete three qualifying monthly direct-deposit cycles within 90 days.
- Keep the account open for at least 180 days.
- Save the promotional terms when applying because the institution may change or withdraw the offer.
How to Apply
Use the official offer button above, follow the promotional application path, and retain the confirmation plus records of each qualifying deposit, balance, or transaction.
The Bottom Line
This offer can be worthwhile when the required activity fits your normal banking needs. Compare the bonus with any monthly fee, balance commitment, and account-retention requirement before applying.
Offer details rechecked September 21, 2026. Confirm the current terms before applying.
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