$100 Cash Offer from Flagstar Bank to residents of Michigan, Indiana, and Georgia

Flagstar Bank is a midwest bank which offers good deposit rates on money market accounts, checking accounts, and CDs. This week Flagstar Bank is also offering a $100 incentive to new customers opening a checking account at Flagstar banking centers in Michigan, Indiana and Georgia. The offer is not available online,  but requires a branch visit. Flagstar issued a statement this week on their promotion which reads in part:

“The checking account is the entree to our Loyalty Program, which offers preferred rates on certificates of deposit, our unique Best Rate Guarantee and other special benefits,” said David Joyce, director of Marketing at Flagstar. According to Joyce, the $100 is an added incentive for enrolling in Flagstar’s Loyalty Program. To qualify for the $100 incentive, consumers must open a new personal checking account (http://www.flagstar.com) at a Flagstar banking center, and have at least $250 in automatic, recurring direct deposits per month in an open account for a minimum of six months. Minimum opening deposit on new checking accounts is $50. The $100 will be deposited within 30 days of the first direct deposit.

More information on the limited-time offer can be found at Flagstar.com.