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  Flagstar Bank Simply Checking

Flagstar Bank Simply Checking

in Checking Accounts from Flagstar Bank · fdic

Unaffiliated

Flagstar Bank Simply Checking

Unaffiliated

in Checking Accounts from Flagstar Bank · Member FDIC

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating

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Monthly Fee $0
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee Starting at $0
APY (Annual Percentage Yield) 0%

Flagstar Bank Simply Checking Review

Flagstar Bank Simply Checking is offered by Flagstar Bank, a bank founded in 1987 and based in Troy, MI. Flagstar Bank Simply Checking is available in 5 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, Flagstar Bank Simply Checking does not pay interest.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • Bill pay. Pay your bills to practically anyone in the United States through Flagstar Bank.
Flagstar Simply checking Pros & Cons
Pros Cons
  • Visa debit card with zero liability protection and secure chip card technology.
  • Free access to over 56,000 Allpoint and Presto ATMs worldwide.
  • Customers can budget, track expenses and review spending with MyWallet.
  • Access to physical branches.
  • Free debit card
  • Access to a nationwide network of ATMs.
  • Non interest bearing checking account.
  • No signup bonus.
  • Does not earn interest
  • Only available in 5 states.
  • Higher than average wire transfer fees.
  • Charges a higher than average fee on out-of-network ATM transactions.
Flagstar Simply checking FAQ

Are checking accounts from Flagstar Bank federally insured?

Yes, your Flagstar Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Flagstar Simply checking offer?

Flagstar Simply checking is not an interest-bearing account.

What are the account minimums for Flagstar Simply checking?

Flagstar Simply checking requires a minimum initial deposit of $50 to open an account.

Flagstar Bank Simply Checking Minimums
Description
APY Minimum Balance $0
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $0

What fees does Flagstar Simply checking charge?

The good news is that this account does not have a monthly Service Charge.

Flagstar Bank Simply Checking Fees
Description
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
NSF Fee $36
Online Bill Pay Fee $0
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $12
Stop Payment Fee $36
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
ATM Fee: Out-of-Network $2.50

Does Flagstar Simply checking charge overdraft fees?

Yes, Flagstar Simply checking charges a $36 fee for every overdraft.

Flagstar Simply checking offers overdraft protection at a cost of $10 per transaction.

What features and perks does Flagstar Simply checking offer?

This account includes the following features:

  • Fraud monitoring - Flagstar Simply checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Flagstar Simply checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Flagstar Simply checking?

The customer support email for Flagstar Simply checking is TroyCorporateBankingCenter@Flagstar.Com.

How do people rate the customer service and user experience of Flagstar Simply checking?

Overall, Flagstar Simply checking is strongly recommended based on community reviews that rate customer service and user experience.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Flagstar Bank Simply Checking

Looking for a checking account that’s designed to fit right where you are in life? SimplyChecking products recognize the relationship you build with Flagstar. Find the right account for your needs. If you’re looking for a new checking account that sticks to the basics, this is the solution for you. If simplicity is key, this is the no-frills account for you. You’ll have the ability to write checks, access your cash, bank online or with your mobile phone—even pay bills electronically.

Sometimes you don’t need all the bells and whistles—the essentials will do just fine. If you’re looking for an everyday account that focuses on just the features you need, SimplyChecking may be the perfect fit for you. This straightforward checking account offers the ability to manage your money and pay your bills at home or on the go, all with no monthly service fee or minimum balance requirement. It may just cover the basics, but there’s a whole lot to love. Speak with one of our bankers to open a checking account today.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:30pm
  • Tuesday 8:30am - 5:30pm
  • Wednesday 8:30am - 5:30pm
  • Thursday 8:30am - 5:30pm
  • Friday 8:30am - 5:30pm
  • Saturday Closed

Other Services by Flagstar Bank

Availability

  Available in 5 states
  • California
  • Indiana
  • Michigan
  • Ohio
  • Wisconsin

Feature Breakdown

APY Minimum Balance $0
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $0
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $36
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $10
Returned Deposit Fee (Domestic) $12
Stop Payment Fee $36
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $30
ATM Fee: Out-of-Network $2.50
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing

Flagstar Bank Simply Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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