Flagstar Ready Checking bonus: is $500 worth it?
What it adds over what your cash earns now, tier by tier. Change the rate to yours.
With $50 for 1 day, the tier that adds the most.
Yearly rate on $50 while it's there, bonus included.
Every tier
A smaller tier often wins: less cash away from what it earns now.
- +$300$50$300 bonus · 1 day
- +$500$50Best for you$500 bonus · 1 day
The math
Compared with leaving $50 at 4.15%
Get 3 direct deposits of $2,500+ within 90 days · Deposit $50 in new money within 1 day. Terms checked Oct 9, 2026.
About this bonus
What it takes
- 1Get 3 direct deposits of $2,500+ within 90 days
- 2Deposit $50 in new money within 1 day
- Ends
- No end date listed
- Where
- 9 states: AZ, CA, FL, IN, MI, NJ, NY, OH, WI
- Monthly fee
- None
- Keep it open
- At least 180 days, or the bonus can be taken back
- Cash stays
- About 1 day
- Bonus paid
- Usually within 104 days of finishing
- Credit check
- A ChexSystems inquiry (not your credit score)
Similar bonuses
The same kind of account, ranked by what each adds at 4.15%.
Questions
Is the Flagstar Ready Checking bonus worth it?
At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $50 tier adds +$500: the $500 bonus, minus the $0 that cash would have earned in 1 day. The $50 tier adds +$300. At a different rate the answer changes; the calculator on this page works it out for yours.
What are the requirements?
Get 3 direct deposits of $2,500+ within 90 days; deposit $50 in new money within 1 day. Open to residents of AZ, CA, FL, IN, MI, NJ, NY, OH, WI.
When does it end?
No end date is listed. The terms were last checked Oct 9, 2026.