Flagstar Bank Checking Account Bonus
Flagstar Bank is offering a checking account bonus of up to $350. The bonus you earn depends on the checking account that you open. Before you continue reading any further, you should know that this bonus is only available in AZ, CA, FL, IN, MI, NJ, NY, OH, WI. Now let’s see how this bonus works.
How to Earn This Bonus
There are two bonuses available, based on which checking account you open:
- Open a Ready Checking or Elite Checking account with $50 or more.
- $250 Bonus for Ready Checking
- $350 Bonus for 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 will receive a $250 credit for Flagstar Ready Checking or a $350 credit for Flagstar Elite Checking into this account as a bonus 91-104 days after an initial deposit is made to the new account. For tax purposes, you will receive an IRS form from Flagstar Bank.
Are You Eligible?
Here are the eligibility details for this bonus:
- Offer available in AZ, CA, FL, IN, MI, NJ, NY, OH, WI.
- You must be a new personal checking customer of Flagstar Bank.
- Offer is limited to one checking bonus per household
Account Fees
- Monthly fees:
- Flagstar Ready Checking has no monthly fees.
- Flagstar Elite Checking has $15 monthly fee waivable with $25,000 combined monthly average balance in your Flagstar personal deposit accounts
- Early account closure fee and reclamation of bonus may be imposed for accounts closed within 180 days
Guru’s Wrap-Up
This is a decent bonus from Flagstar Bank, but the $250 offer is probably the better option here. Flagstar Elite Checking is required for the $350 bonus, which means that you need to pay $15 per month for 6 months. You can waive the fee with $25,000 balance, but that’s not worth it. So I would just open the Flagstar Ready Checking account and go fr the $250 bonus.
Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state.
And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
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Link & Full Details
- OFFER PAGE
- Bonus: $250/$350
- Account Type: LifeGreen Checking
- Availability: AZ, CA, FL, IN, MI, NJ, NY, OH, WI.
- Type of Inquiry: Soft pull
- Direct Deposit Requirement: $500 within 90 days
- Other Requirements: $500 balance for 90 days
- Credit Card Funding: No
- Early Account Closing Fee: Must keep account open for 180 days
- Expiration Date: 04/30/24
HT: DoC
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