Subscribe
Notify of
guest

33 Comments
newest
oldest most voted

Roland
Roland (@guest_1805086)
February 28, 2024 20:32

Yes be careful of average balance requirement, it counts the day account is opened. Due to delay in funding it initially, you will need to put more than $500 to be safe.

Also, I can confirm I used Chase + Discover bank ACH transfer and it counted as direct deposit

RJ
RJ (@guest_1594684)
April 10, 2023 15:43

Had a first with this bank… I was denied my personal checking bonus for two reasons.
1. They start counting the $500 minimum balance requirement from the day of opening. The terms sheet says you only need an opening deposit of $50
2. I had received a bonus from the business checking account in the past.

Branch manager said they leave the terms vague on purpose. I got the feeling that they would have given it to me if I had been a real customer, with transactions beyond the requirements on the account.

sh
sh (@guest_1504598)
December 8, 2022 05:19

If you enter your zipcode on the following page of their website, it tells you if they consider your zip code as being in their service area (in terms of opening a checking account with them).
(Note: I live about 40 miles from the nearest branch and their site said that I’m not in their service area.)
https://www.flagstar.com/personal/checking-accounts.html

RJ
RJ (@guest_1492932)
November 21, 2022 15:33

I live in MI, maybe 10min from a branch. Did not receive a mailer. I went in and showed the banker the offer on my phone. They made a quick call to HQ and I was allowed to open the account.

Jeff
Jeff (@guest_1486297)
November 12, 2022 11:55

Received the flyer in my mailbox. Why they would send me one when I’ve already previously did the bonus a few years ago?

“If you’ve been paid a cash bonus previously, you are ineligible to receive this offer.”

What a waste of paper and my time.

Bob
Bob (@guest_1486462)
November 12, 2022 17:42

because you might get someone you know to open an account even if you can’t.

AllenW
AllenW (@guest_1421856)
August 8, 2022 17:18

 William Charles Received mailer

You must be a new personal checking customer of Flagstar Bank. Minimum $50 deposit to open checking account. You will receive a $250 credit into this account as a bonus 91-104 days after account opening, subject to the following conditions: Within the first 90days after account opening 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) Simply One accounts do not qualify, (Ill) early account closure fee and reclamation of bonus may be imposed for accounts closed within 180days, and (1) 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. 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. This offer is effective August 1, 2022 and expires September 30, 2022. Area restrictions may apply.

Cannot Churn it, but since they have HH rules, this is good for anyone else in the house. You can call the local branch and they might sign you up over the phone. I think its YMMV per branch and my branch said they would….

No name
No name (@guest_1350144)
March 18, 2022 22:19

Targeted $250 mail offer for Free Checking account received expires 3/31/22. Requires $1,000 total DD (OR 10 debit card transactions within 90 days) and $500 minimum average balance. There is also another $200 savings account offer that requires a $10k balance for 90 days. Opened checking account in-branch today.

AllenW
AllenW (@guest_937201)
March 14, 2020 11:26

 William Charles New $450 targeted mailed just received.

Same checking requirements but if you get a savings account. No min deposit required but the average daily collected balance must be 10K during the first 90 days to receive $200 bonus and would be paid 91-100 days.

AllenW
AllenW (@guest_1024737)
July 28, 2020 01:29

Np here is the DP

Checking
4-13 Open with $50
4-17, 5-21, 6-15, 7-10 $500 deposit Alliant
6-20 10x .50 Amazon reloads
7-22 $250 Bonus Avg Bal 500+
7-28 Drained to $25

Savings
4-13 Open 15k check deposit
5-1 thru 5-7 10k added to boost avg balance just in case they didn’t could the hold time on the check. I think they did.
7-22 $200 bonus
Will try to downgrade to Simply Savings and drain savings.

$450 bonus 100 days from opening. Didn’t want to risk bonus on deposits so I did debit requirements. The banker put me in Foundation savings so to avoid the fees need to downgrade to simply checking.

AllenW
AllenW (@guest_1029157)
August 3, 2020 22:09

Called Branch and left a msg to change to simply savings and it was done the following day. Will keep open for a while and close.

AllenW
AllenW (@guest_934532)
March 11, 2020 17:36

 William Charles Direct Mail Targeted $250 expires 4-30-20

$50 min to open
$500 avg balance for 90 days

$500 deposit within 90 Days OR 10 debit card purchases.

Must be new and open for 180 days or etf and clawback. Says limited to one per house.

Mek
Mek (@guest_847890)
November 22, 2019 23:40

 William Charles Seems expired