I am planning to move all of my accounts out of flagstar bank. flagstar has the highest fees of any bank.
they are definately one of the banks which is surviving by charging fees.
ex. flagstar gives you overdraft protection automatically. i do not have credit cards and do not want credit cards - i only have a debit card. however, if you do go overdraft on a flagstar debit card they will allow you to spend money you don't really have.
why? because for each transaction over the limit they charge a whopping $40. i mean each one. i did this only once (obviously).
i know flagstar has numerous other fees which have not personally affected me. basically, do not put your money with flagstar bank.