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Flagstar Bank is offer sign up bonus for opening a new checking account with direct deposit. The lates mention of the Flagstar Bank is in September 2008. During last promotion, FlagStar Bank is offering up to $500 gas card for opening a new checking account with required banking activities. Flagstar is the largest publicly traded savings bank headquartered in the Midwest United States (Troy, MI). The bank currently operates 171 banking centers (as of September 2008) in Michigan, Indiana and Georgia.

This promotion is advertised on its website www.flagstar.com. This offer requires new customers to make a monthly direct deposit of a least $250. You have to open a checking account at Flagstar banking centers to get the bonus. You have to make sure that the customer service enter the promotion code HD.

Some key points to get the $100 bonus:

• New checking account customers only
• Minimum opening deposit is $50
• Recurring direct deposit of $250 each month
• $100 will be deposited into your account within 30 days after first direct deposit
• Account must remain open and active for a minimum of 6 months

Fine print:

$100 deposit available for new checking account customers only (no existing Flagstar checking account). For a limited time, open a new personal checking account with an automatic, recurring direct deposit of income of at least $250 per month, excluding interest deposits, and we’ll deposit $100 into your account within 30 days after the first recurring direct deposit takes place. Minimum opening deposit is $50. Direct deposit must be established within first 60 days of account opening. All accounts must remain open and active for a minimum of six months. If checking account is closed within the first six months, Flagstar reserves the right to reclaim the $100 deposit. See your Flagstar representative for more details. Flagstar will issue a 1099 for the $100. Offer not good in conjunction with any other coupons or checking account offers.

No expiration date is indicated on the website. Printable flyer of this promotion is available here.

Flagstar Bank’s checking accounts are really great which offer no monthly service fees and free checks. Branches are only in Michigan, Indiana and Georgia.