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Personal Checking Accounts

Checking accounts bundled with convenient services

Convenience is a necessity in today’s hectic world. We're here to help by offering checking accounts that meet your unique needs. Whether you're more interested in earning dividends on your checking account or the most basic account, we're here to help provide the right solution to your financial needs.

Apply Now Rates
personal checking
Earn up to 4.50% APY on balances up to $20,000*

Introducing NEW High-Yield Checking!

Get the most out of your checking account by earning the dividends you deserve and easy access to cash. Use our custom High-Yield Checking calculator to see how much you could earn with higher deposits in your checking account.

CALCULATE YOUR EARNINGS APPLY ONLINE

Find the right checking account for you

Free Checking

Our most basic checking account with no monthly fee.

Unlimited number of check clearings
Does not earn dividends
No minimum balance
No strings attached

eChecking

The perfect checking account for digital enthusiasts!

Earns Dividends - check rates
4 free check clearings per month1
No minimum balance
ATM surcharge reimbursements up to $12 per month2
Account requirements to avoid $5/mo. service fee: debit card, digital banking, and eStatements3
Free Ready Reserve

Relationship Checking

A traditional checking account that earns you money.

Earns Dividends (tiered levels) - check rates
15 free check clearings per month1
No minimum balance
Free Ready Reserve
Safe Deposit Box discount4
First box of checks is free5

NEW!

High-Yield Checking

Earn higher dividends with larger deposits.

Earns highest-yielding dividends - check rates
Unlimited check clearings
ATM surcharge reimbursement up to $12 per month2
Maintain $2,000 daily balance to avoid $10 monthly fee

Requirements for high-yield rate include minimum of 12 debit card transactions per month, a reoccurring ACH direct deposit, and enroll in eStatements3
Free Ready Reserve

ALL PERSONAL CHECKING ACCOUNTS INCLUDE:

  • Free Mobile Deposit
  • Free Visa® debit card issued instantly at all branches
  • Free eStatements
  • Free access to Zelle®
  • Digital banking account
  • Free Mobile App
  • Digital wallet service
  • Surcharge-free access to Moneypass® ATMs
  • Direct Deposit

1. $0.10 per item fee for checks cleared in excess of stated amount. For Relationship checking, this fee will not apply if you maintain a $1,000.00 daily balance throughout the month.
2. Eligibility for surcharge reimbursements only applies if account requirements are met (includes debit card, digital banking, and eStatements).
3. Monthly fee if account does not have a debit card or if account is not enrolled in eStatements through internet banking or mobile app (includes undeliverable eStatements). eChecking = $5.00 per month; High-Yield Checking: $10 per month.
4. Reduce fee $5 annually if enrolled for auto payment.
5. Magnifi Financial standard check style, other styles available at member's expense. Available only at account opening.

 

CHECKING ACCOUNT RATES

Effective Date 7/1/2023

Type Dividend Rate APY Min Opening Deposit Min Balance to Earn Stated APY
eChecking* 0.35% 0.35% $0.00 $0.00
Relationship Checking 0% 0% $0.00 $0 - $999
  0.30% 0.30%   $1,000 - $4,999
  0.35% 0.35%   $5,000+
NEW! High-Yield Checking*        
Qualifications Met 4.410% 4.50%   $20,000 or below
  0.35% 4.50% to 1.18%   $20,000.01 or greater
Qualifications Not Met 0.00% 0.00%    
High-Yield Checking (Discontinued) 0% 0% $0.00 $0 - $1,999
  1.00% 1.00%   $2,000 - $24,999
  0.05% 0.05%   $25,000+
APY = Annual Percentage Yield. 
Rates are subject to change without notice. Dividends compound monthly.

* Fees could reduce earnings

Get Started!

Apply online

Apply Online

New Members: Complete an application online.

Apply Now

Current Members: Apply in Digital Banking.

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Visit a local Magnifi Financial branch

Local Branch

Magnifi Financial has 25 local branches throughout Minnesota.

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Video chat with a Magnifi Financial team member

Video Banking

Talk to a Magnifi Financial team member virtually face-to-face. Learn More
Monday - Thursday: 8 AM - 5 PM
Friday: 8 AM - 6 PM
Saturday: 8 AM - 12 PM

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Schedule An Appointment for a Virtual or In-Person Meeting

Helpful Additions for your Checking Account

Digital Banking

Optimize your checking account with our digital banking platform and add-on services.

Go Digital
 

Save the Change

Round up your debit card purchases and build up your savings for future expenses.

Start Saving
 

Overdraft Protection

Safeguard yourself against overdraft fees by adding this perk to your checking account.

Learn More

 

Resources

Check out all of your other options you can utilize with Magnifi Financial's suite of products and services! Our team works with you individually to ensure you're on track to reaching your financial goals.

Reorder Checks

Need more paper checks? Click here to order a new box of checks online with Harland Clarke.

Switch Kit

If you're coming from another bank or credit union, we can help make the switching process easier.

Savings

Invest your money and watch it grow with a variety of savings accounts fit for you.
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Join the Magnifi Family!

At Magnifi, you're not just a member-owner of an award-winning credit union, you become part of the Magnifi family and receive all the benefits and perks you need to succeed financially.

Am I Eligible? Become a Member