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Flagstar $100 Checking Account Bonus

July 13th, 2009

Flagstar is offering a $100 cash bonus for opening a new checking account and getting at least $250 in direct deposits per month.

This promotion is available to new checking customers only and the minimum deposit is $50. You need to establish your direct deposits within the first 60 days of opening your account, then your $100 bonus will be credited within 30 days after that. You must keep your account open for at least 6 months and the bonus will be reported on your 1099.

If you’re having problems with their online application you can call them at (800) 642-0039. Flagstar’s Index Checking Account comes with a 0.5% APY on all balances, which is pretty decent. Flagstar also offers a money market account that’s yielding 1.90% APY and has no minimum balance requirement.

They don’t have maintenance fees or ATM fees. Branches are located in Michigan, Indiana and Georgia and is a member of the FDIC.

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