Ready Checking
- Bonus
- $400
- To qualify
- 3 direct deposits of $500+ each ($1,500 total) within 90 days
- What counts as a direct deposit
- Real payroll, pension or government benefit deposits. Transfers from your other bank accounts, Zelle and Venmo don't count. More
- Who can open it
- Residents of Florida, Michigan, Ohio, online
- Monthly fee
- $10 a month, waived with $500 or more in direct deposits a month
- When the bonus is paid
- 91 to 104 days after you open the account
- Keep it open
- At least 180 days, or the bank can take the bonus back
Good to know: Needs $500+ in direct deposits in each of three consecutive 30-day periods. Closing within 180 days can bring a fee and loss of the bonus. Anyone who ever got a Flagstar checking bonus is excluded.
Checked against Flagstar Bank's own terms on October 19, 2026.