Horrible, Two Bit, ZERO STAR Regional Bank

You can surely do worse than Flagstar, but you should be able to swing a dead cat and hit a much better bank.  If you ever find any good reasons to use them then it is just a matter of time before you learn you were wrong.

I had accounts at Flagstar for two years and closed my last one early last year.  Well, they were under instruction to close it, and they seemingly did, but, of course, they ****ed it up.  Although in this day and age, with everyone trying to gouge you out of every last cent, I can't help but wonder whether or not this is their standard operating procedure.  In any event, they did not credit all of my interest when they send me a check for my closing balance, there was ONE CENT left in my account.  Naturally after 6 months my account was deemed "inactive" and they charged a $10 penalty to my account which made it overdrawn.

Now I receive one or two letters a week telling me I need to square my account or they will "initiate collection procedures."  My tolerance for idiots and morons is very low, but if you like dealing with incompetent people then by all mean, open a Flagstar Bank account and enjoy!