Target Balance/Sweep Account

Flagstar Bank's sweep feature automatically manages your cash to increase your company's income, without the cost or time required for more elaborate cash management procedures.

Our sweep account links your regular business checking account with one of our Fidelity Money Market Mutual Funds in the Monogram Money Market Funds Program. At the end of each business day all available cash in your checking account, above the pre-selected target balance, is automatically swept into the linked money market fund and starts to earn dividends immediately.  When your checking account is debited, Flagstar Bank will pull funds from your money market fund to replenish your checking account to its target balance.


Contact A Flagstar Bank Representative

Flagstar Bank's Client Care Services and Support is available 24/7. Call 1-866-744-5463.

Individuals with speech or hearing disabilities: 
Please utilize a telecommunications relay service (TRS), which may be reached by dialing 7-1-1, to connect with an operator who can assist you with communicating with a Flagstar Bank Client Services Associate at 1-866-744-5463.

To report a lost or stolen ATM/DEBIT card, please call 1-866-744-5463,option 6.

Call Monitoring and Recording: If you communicate with us by telephone, we may monitor and/or record the call.