Flagstar Bank $500 Business Checking Bonus

For new business owners, Flagstar Bank is currently offering a $500 bonus when opening a business checking account and completing a few activities.

If you are interested in the bonus requirements and account features, find more information down below!

Flagstar Bank $500 Business Checking Bonus Summary

• Application Link: Flagstar Bank $500 Business Checking Bonus
• Availability: MI, IN, OH *In-branch*
• Expiration: No Expiration Date
• Credit Inquiry: Soft Pull
• Credit Funding: Unknown
• Direct Deposit Requirement: Yes
• Monthly Service Fee: $0, $15, $35; see below to waive monthly fees
• Early Termination Fees: None Listed

How To Earn Bonus

To earn your $500 business checking bonus, complete the following steps:

1. Open a new business checking account with a minimum $100 deposit
2. New account must remain open for at least account opening
3. Have deposits of at least $5,000 in the first 90 days
4. Have at least 10 debit or credit qualifying transactions that post to the account within the first 90 days

Avoid Monthly Fees

Standard Business Checking – No monthly fee associated with this account

Enhanced Business Checking –  $15 monthly fee waived if you complete the following

• $5,000 average daily collected balance
• $15,000 combined average daily collected balance in your linked Flagstar accounts
• An active Merchant services account with $5,000 in net deposits per month

Premier Interest Business Checking – $35 monthly fee waived if you complete the following

• $25,000 average daily collected balance
• $50,000 combined average daily collected balance in your linked Flagstar accounts
• An active Merchant Services account with $25,000 in net deposits per month

Business Analysis Checking – No monthly fee associated with this account

Author’s Verdict

If you are a current business owner looking for a business checking account, consider opening the account with Flagstar Bank and take advantage of the $500 bonus. All you need is direct deposit and card usage for the bonus. Additionally, you may also waive the monthly fee using the variety of options offered.

Check out our full list of Flagstar Bank Promotions. We also have a list of updated bank bonuses.