A split-gate flash memory, a method of fabricating the split-gate flash memory and a method for control thereof are disclosed. The split-gate flash memory includes: a semiconductor substrate including a first memory region and a second memory region that are separate from each other; and a word-line structure between the first memory region and the second memory region. The word-line structure includes, stacked on the surface of the semiconductor substrate sequentially from bottom to top, a word-line oxide layer, a read gate, a dielectric oxide layer and an erase gate. The read and erase gates can each function as a word line of the split-gate flash memory for enabling a read or erase operation. During the erase operation, a voltage applied on the erase gate has an insignificant impact on the underlying semiconductor substrate, which is helpful in reducing channel leakage in the semiconductor substrate.