Flagstar Bank requiring personal banking account

[Gregory Schwartz]

This is a new one for us.

We received a notice from Flagstar stating that starting in January 2021 they will no longer be accepting mortgage payments from business accounts. We set up business accounts for each of our properties (this is the only one with Flagstar). The mortgage is a conventional primary residence for our 4 plex that we house hack. 

It seems ridiculous to us that a bank would not allow payments to come from a business account. 

[Allan Smith]

As a work around, you could use billpay to automatically send a recurring check in the mail each month. I suppose they would not know what kind of account issued the check, right?