Flagstar Bank has 108 branches in Michigan and California, as well as thousands of surcharge-free ATMs nationwide through their Allpoint and Presto! networks. Their small business offerings include business savings and checking accounts, lending, and treasury management. They have an A+ BBB rating and a mix of positive and negative reviews online.
Flagstar Bank Business Checking Rates & Fees
|Monthly Fee||No monthly fee|
|Minimum Balance Requirement||No minimum balance requirement|
|Transaction Fee||200 free transactions per month|
|Wire Transfer Fee||Incoming (domestic): $10|
Incoming (international): $15
Outgoing (domestic): $30
Outgoing (international): $45
|Cash Deposit Fee||Up to $5,000 free cash deposit per month, $0.20 per $100 thereafter|
|Overdraft Fee||$36 per item|
|ATM Fee||$2.50 per foreign ATM transaction|
Flagstar Bank Network
Flagstar Bank operates 108 branches in Michigan and California. They also offer thousands of surcharge-free ATMs nationwide through their Allpoint and Presto! ATM networks. You can use their branch locator to check which locations are closest to you.
Flagstar Bank Additional Business Banking Services
Flagstar Bank also offers the following business services: business savings and money market accounts, lines of credit, business credit cards, term loans, SBA funding, and commercial real estate financing. They currently do not offer wealth management. Find out more about their small business offerings on their website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Business Checking Account for Small Businesses
Want to know which bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top options.