Flagstar Bank Promotions: $500 Business Checking Bonus [MI, IN, OH] - No End Date

Flagstar Bank Promotions: $500 Business Checking Bonus [MI, IN, OH] – No End Date

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Flagstar Bank is offering a $500 cash bonus for opening a new business checking account. A direct deposit is not required but you need to make a deposit of at least $5,000 and at least 10 qualified transactions in the first 90 days.

Update 11/13/22: The bank is also offering a $250 bonus for a personal checking account. Read more here.

Flagstar Bank was originally established in 1987 as First Security Savings Bank. In 1996 they changed to the current name and are now headquartered in Troy, Michigan. They have locations throughout Michigan, Indiana, Wisconsin and Ohio.

Flagstar Bank Promotion(s)

Flagstar Bank $500 Business Checking Bonus

What you’ll get: $500
Where it’s available: MI, IN, OH (In branch)
How to earn it:
- New business checking account must remain open for at least 90 days, have deposits of at least $5,000 in the first 90 days, and have at least 10 qualified transactions within the 90 day period.
- No direct deposit required.
When it expires: Expiration date not listed

Learn More at Flagstar Bank

Waive The Monthly Fee

Standard Business Checking
- No monthly maintenance fee
Enhanced Business Checking
- Maintenance Fee: $15
- No monthly maintenance fee with one of the following:
  - $5,000 average daily collected balance.
  - $15,000 combined average daily collected balance in your linked Flagstar accounts.
  - An active Merchant Services account with $5,000 in net deposits per month.
Premier Interest Business Checking
- Maintenance Fee: $35
- No monthly maintenance fee with one of the following:
  - $25,000 average daily collected balance.
  - $50,000 combined average daily collected balance in your linked Flagstar accounts.
  - An active Merchant Services account with $25,000 in net deposits per month.
Business Analysis Checking
- Deposit balances receive an earnings credits allowance to reduce or offset banking fees

Fine Print

Must be a new business checking customer of Flagstar Bank.
Minimum $100 deposit to open 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, and have at least 10 qualified transactions within the 90 day period (qualified transactions are debits, paid items, credits, and deposited items).
If these conditions are met, a $500 bonus will be deposited into the qualifying business checking account 91-100 days from account opening and will be labeled “Descriptive Deposit Promotional Credit.”
The new business checking account must remain open for a minimum of 180 days or an early account closing fee will be assessed along with the $500 repayment.
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.
All account applications are subject to normal approval process.
Area restrictions may apply.