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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
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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.


Open a checking account and Magnifi will give 1 item of clothing to someone in need.

Giving back to the communities we serve is something Magnifi values and encourages.
Through our 3 Essentials program, Magnifi Financial provides food, shelter, and clothing to those in need.

Learn more about 3 Essentials

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


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


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


  • Free Digital Banking account
  • Free Mobile App
  • Free Mobile Deposit
  • Free Visa® debit card issued instantly at all branches
  • Free eStatements
  • Free account eAlerts
  • Surcharge-free access to Moneypass® ATMs

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
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.
6. Your direct deposit is dependent on when the employer/payer send their ACH file to Magnifi Financial. You may receive your funds up to 2 days early.





Effective Date 1/1/2024

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%    
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.

Sign In to Apply

Visit a local Magnifi Financial branch

Local Branch

Magnifi Financial has 25 local branches throughout Minnesota.

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Contact a Magnifi Financial team member

Contact Us

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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



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.


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