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$100 Checking Account Bonus at GA/IN/MI Bank (Flagstar)

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Flagstar Bank
Flagstar Bank is offering up to $100 of bonuses for its free checking account. This special is not listed at the bank's website. I read about it from this SlickDeals thread and called to confirm. The Flagstar service rep confirmed the bonus but gave me details a little bit different than what was reported in the thread. I was told there's no $50 bonus for just opening the checking account. You can get a $50 bonus for opening a free checking account and turning in your old checks from another bank. An additional $50 can be received for adding direct deposit or direct withdrawal. According to the service rep they do a hard credit inquiry in the application. The minimum initial deposit for the free checking account is $50.

Flagstar is still offering a special 10% 6-month CD (with a $2.5K max deposit). The service rep said that you can first get the checking account bonus, and then open this CD. See my previous post for more info on this special CD.

Both the checking account bonus and the 10% CD require a branch visit to one of their banking centers (not loan center) which are located in Georgia, Indiana and Michigan. Flagstar Bank is FDIC insured.

Related Pages: Indiana, Flagstar Bank, Georgia, Michigan, checking account

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Comments
2 Comments.
Comment #1 by Anonymous posted on
Anonymous
From the post, it sounds like you could get 150 bonus? Is that incorrect, is that 50 for opening and then 50 as an either/or with the other two thing?

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Comment #2 by Banking Guy (anonymous) posted on
Banking Guy
According to the service rep, there is no $50 for just opening the checking account. However, others from that SlickDeals thread have reported $50 for just opening the checking account.

You may want to call Flagstar Bank. The service reps often are not too experienced. I didn't have high confidence in the one who spoke with me.

1