[Expired] [NY, NJ, OH, FL, AZ] NYCB Family Of Banks $350 Checking Bonus

Deal has ended, view more bank account bonuses by clicking here 

Update 11/12/23: Extended until 12/30/23

Update 9/5/23: Extended until October 21, 2023

Offer at a glance

  • Maximum bonus amount: $250/$350
  • Availability: Branches in New York, New Jersey, Ohio, Florida, and Arizona
  • Direct deposit required: Yes, $500+
  • Additional requirements: See below
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $0
  • Early account termination fee: None
  • Household limit: One
  • Expiration date: August 31, 2023

The Offer

Direct link to offer

  • New York Community Bank is offering bonus of $250/$350 checking bonus.
    • Open a My Community Free Checking account ($250) with $1 or more or a My Community Interest Checking account ($350) with $100 or more
    • Maintain an average daily balance of $500 or more for the first 90 days.
    • Have one or more direct deposits (ACH credits) totaling $500 or more in the first 90 days.

The Fine Print

  • The bonus offer applies to new consumer checking customers only and to new My Community Free Checking accounts opened with $1.00 or more or My Community Interest Checking opened with $100.00 or more during the promotional period running from June 15, 2023 through August 31, 2023.
  • A bonus credit of $250.00 for My Community Free Checking or $350.00 for My Community Interest Checking will be rewarded 91-104 days after an initial deposit made to the new account (account funding) opened and within 90 calendar days of the account funding (bonus period) the following occurs: 1) maintain an average daily balance of $500.00 or more; AND 2) have one or more direct deposits (ACH credits) totaling $500.00 or more.
  • This offer is limited to one checking bonus per household. Reclamation of bonus may be imposed for accounts closed within 180 days. Flagstar Bank, N.A. employees and officers are not eligible for this offer.
  • If you have been paid a checking cash bonus previously, you are ineligible to receive this offer.
  • Receiving this offer does not guarantee your eligibility.
  • All account applications are subject to our normal approval process.
  • Area restrictions may apply.
  • For tax purposes, at the end of the year you will receive an IRS form from Flagstar Bank, N.A. Bonus will be reported as interest income.
  • Offer subject to change or cancellation at any time without notice.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

  • My Community Free Checking has no monthly fees
  • My Community Interest Checking monthly fee is waived with a $500 average balance

Early Account Termination Fee

None for the free checking account.

Our Verdict

Much better than the previous $250 bonus. I don’t really see any reason why you would do the $250 bonus as the requirements are the same and it’s easy to keep the other account fee free. I will add this to the list of the best bank account bonuses by clicking here.

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    William Charles
  • On November 12, 2023, 10:00
Tags: az bank bonusesdirect deposit requiredfl bank bonusesnj bank bonusesno credit card fundingny bank bonusesoh bank bonusessoft pull

View Comments (448)

    • I was able to close it with a secure message. they asked for account name, account number and my address I think. I can't log into my account anymore since they closed it.

  • Hey Everyone! Did any of you got a 1099 from NYCB/ Flagstar for last year's bonus? I closed my account and can't find out. Calling them has been a pain

    • When I called them, they said both downgrades and closures must be in the branch only.

      • I called them and they said you could send a notarized letter requesting to close with your acc number, SSN, and ID

        • Did you end up going in branch or they let you close another way?

  • When downgrading to the no fee account, does any one know the exact name of the account type?

    I see a flat fee on all of them, maybe I'm looking at an outdated document.

  • Bonus is credited to me on the 95th day despite my free checking account converted to basic checking with $2.00 flat fees. Just wanna you to be aware of e-statement is opt in after account opened.

  • Called to close the account. Was told to go in branch.

    One of the most miserable branches I've been to. No music playing. No one chatting. Female tellers with blank stares, their faces animating only once they saw a young child.

    After they closed my account I stepped outside and felt like I didn't want to go back, like ever.

    • Not much to smile about or cause for frivolity given the bank's financial straits. A little compassion would be nice.

  • Tried closing account using SM the "close account request" subject but it didn't work, told to go in branch...

    Thank you for choosing Flagstar for all of your banking needs. We are in receipt of your inquiry.

    For your protection, we cannot close this account by an e-mail request. The opening of this account required signed copies of account agreements. 

    Therefore, a signature is required to close the account. Please contact your local branch for further information pertaining to how you can close your account. 

    For information specific to your branch such as the telephone number, address, hours, directions, or closures, please visit our Branch Locator found on our homepage to the left of the login button.

  • Is it ok to downgrade the account to a no-fee account? The only fear is of collapsing the bank and losing the $500 balance that I keep for waiving the monthly maintenance fees.

    • If you received the bonus, you are free to downgrade. I was forced to go in-branch to do so though.

      • Yup, Even I was asked the same I have a plan to visit the branch today. Let's see. Thanks.

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