Direct Checking

All of the essentials and no monthly fees.

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Simplified checking for your everyday needs

Why complicate things? If you use your checking account to shop, pay bills, transfer money, and withdraw cash, this is the account for you.

Bank with confidence. My Banking Direct is a service of Flagstar Bank N.A.

Just $1.00 to open an account

FDIC-insured up to at least $250,000 per depositor

NYCB Mobile and NYCB Online with bill pay

No monthly or maintenance fees

e-Statements and e-Documents

No overdraft or insufficient funds fees

Enrollment in our Even >More Rewards Program¹

Free My Banking Direct Visa® debit card

Access to 55,000+ fee-free² Allpoint and Presto! ATMs worldwide

Bank whenever, wherever with our mobile app.*

Keep track of your savings and checking accounts on your schedule. My Banking Direct is a service of Flagstar Bank N.A., whose parent company is New York Community Bancorp (NYCB), so our customers use NYCB Mobile to tap into the convenience of mobile banking.

Instant balance
Fingerprint and FaceID security
Mobile alerts and notifications
Bill pay
Zelle^®****
Mobile check deposit

Download the latest version of NYCB Mobile for banking that keeps up with you.

Ready to open an account? Here’s what you’ll need.

It takes just a few minutes to open an account.

Make sure you have the following information for each account holder:

Address
Social Security number or tax identification number
Driver’s license or other state-issued ID

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FAQs

What is the relationship between My Banking Direct, Flagstar Bank N.A., and New York Community Bancorp (NYCB)?

Are my deposit accounts FDIC-insured?

How does My Banking Direct protect my information?

Protecting your financial and personal information is a top priority. Here are a few ways we keep your information safe.

We use Transport Layer Security protocol and data encryption to secure your information and prevent unauthorized parties from obtaining it as it travels online.
When you log into your My Banking Direct account and are inactive for a certain period, we will automatically sign you out of your session.
Our employees take regular online courses to learn the latest hacker tricks and scams and what everyone at the bank can do to protect our customers.

When I open a new account, how do I add money to it?

What is the ABA routing number for My Banking Direct?

How do I order more checks?

More ways to make your money work harder

Earn 5.00%APY^***

when you open a High Yield Savings Account

Learn More

Want to earn even more?

Save for what matters, faster, with CD rates as high as

5.15%APY.**

Learn More

Why My Banking Direct?

My Banking Direct is a modern online bank backed by the strength and experience of one of the oldest banks in the US:

Competitive rates, numerous banking solutions, and a superb online experience

The security of FDIC-insurance up to at least $250,000 per depositor
The stability of a nationally chartered (registered) bank with $123.8 billion in assets, as of March 31, 2023
MBD is a service of Flagstar Bank, N.A, whose parent company is New York Community Bancorp (NYCB)

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¹Even >More Rewards program applies to the Direct Checking account. Restrictions apply.

²Currency conversion fee may apply to transactions outside the U.S.

*Not all online features may be available through the mobile app. Standard messaging and data rates may apply.

Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android, Google Play, and the Google Play logo are trademarks of Google Inc.

****Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Transactions typically occur in minutes when the recipient’s email address or U.S. mobile number is already enrolled with Zelle. Must have a bank account in the U.S. to use Zelle. Data charges may apply. Check with your mobile phone carrier for details. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled in Zelle.

***The Annual Percentage Yield (APY) is accurate as of 9/29/2023 and is subject to change without notice. The My Banking Direct High Yield Savings is a tiered rate account. The minimum balance to open the account and obtain the APY is $500. If your daily balance is $50,000 or more, the APY is 5.00% and interest rate is 4.89%. If your daily balance is between $10,000.00 and $49,999.99, the APY is 5.00% and interest rate is 4.89%. If your daily balance is between $1.00 and $9,999.99, the APY is 5.00% and interest rate is 4.89%. My Banking Direct, a service of Flagstar Bank, N.A. reserve the right to change the rate at any time without notice. Fees could reduce earnings.

**The Annual Percentage Yield (APY) is accurate as of 9/29/2023. The interest rate for the 5 month CD is 5.05%. The interest rate remains fixed until maturity. Fees could reduce earnings. A penalty may be imposed for early withdrawals. The minimum balance to open the account and obtain the APY is $2,500. My Banking Direct, a service of Flagstar Bank, N.A. reserves the right to cancel or modify this offer at any time without notice.

Direct Checking

Simplified checking for your everyday needs

Why complicate things? If you use your checking account to shop, pay bills, transfer money, and withdraw cash, this is the account for you.

Bank whenever, wherever with our mobile app.*

Ready to open an account? Here’s what you’ll need.

FAQs

Want to earn even more?

Save for what matters, faster, with CD rates as high as

5.15%APY.**

Why My Banking Direct?

1Even >More Rewards program applies to the Direct Checking account. Restrictions apply.

2Currency conversion fee may apply to transactions outside the U.S.

¹Even >More Rewards program applies to the Direct Checking account. Restrictions apply.

²Currency conversion fee may apply to transactions outside the U.S.