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Agribusiness Checking Accounts

Our checking accounts for farms offer great value and a variety of ways to access and manage your money.
Flexibility is key in today’s agriculture environment. Getting things done quickly and efficiently can have a big impact on the bottom line. We not only recognize this need, we’re doing something about it by providing advanced online tools for your farm or agribusiness.

Help Me Choose Rates Contact AG Team

Checking accounts for farms and agribusiness

FEATURES OF ALL AGRIBUSINESS CHECKING ACCOUNTS INCLUDE:

  • Free mobile deposit*
  • Free Visa® debit card issued instantly at all branches
  • Visa SavingsEdge®
  • Free eStatements
  • Digital banking account with free Mobile App*
  • Digital wallet service
  • Surcharge-free access to Moneypass® ATMs

 

BUSINESS
CHECKING

Our most basic business checking account, best for the start-ups and smaller businesses.
  • 50 free check deposit and check clearings1
  • No monthly service fees
  • No minimum balance
Contact an Ag business team member today:

Contact Us

BUSINESS ADVANTAGE
CHECKING

A great option for businesses who carry a higher balance and want to earn dividends.
  • Earns Dividends - check rates
  • 200 free check deposit and check clearings1
  • $25,000 minimum daily aggregate deposit and loans balance
  • Free Remote Deposit3
  • Monthly service fee may apply if account requirements are not met2
Contact an Ag business team member today:

Contact Us

BUSINESS PLATINUM
CHECKING

Earn the most dividends with this account. For the businesses who carry much higher balances.
  • Earns Dividends (tiered levels) - check rates
  • 400 free check deposit and check clearings1
  • $25,000 deposit balance -OR- $50,000 deposit and loan aggregate balance
  • Free Remote Deposit3
  • Free eStatements or $3 fee for paper statements
  • Monthly service fee may apply if account requirements are not met4
Contact an Ag business team member today:

Contact Us

Data carrier rates may apply
1. Business Checking and Business Advantage Checking = $0.10 per item fee for checks deposited/cleared in excess of stated amount. Business Platinum Checking = $0.25 per item fee for checks deposited/cleared in excess of stated amount.
2. Account requirements for Business Advantage Checking include $25,000 minimum daily aggregate deposit and loans balance.
3. Subject to underwriting and approval.
4. Account requirements for Business Platinum Checking include $25,000 deposit balance OR $50,000 deposit and loan aggregate balance.

 


Business Checking Account Rates

Effective Date 1/19/2022

Type Dividend Rate APY Min Opening Deposit Min Balance to Earn Stated APY
Business Advantage Checking** 0.10% 0.10% $0.00 $0 - $49,999
  0.15% 0.15%   $50,000 - $99,999
  0.20% 0.20%   $100,000 - $149,999
  0.20% 0.20%   $150,000+
Business Platinum Checking** 0.10% 0.10% $0.00 $0 - $49,999
  0.15% 0.15%   $50,000 - $99,999
  0.20% 0.20%   $100,000 - $149,999
  0.20% 0.20%   $150,000+

APY = Annual Percentage Yield
Rates are subject to change without notice. Dividends compound monthly.
** Fees could reduce earnings


Maximize your business checking account

Magnifi Financial's digital banking and services can help you optimize your business finances by giving you the ability to access and manage your funds from anywhere. Together, with your Commercial Banking Officer, learn about which services are right for you and your business.

Digital Banking

Digital Banking

Optimize your business checking account with our digital banking platform and services.

Learn More
Visa SavingsEdge

Visa SavingsEdge

A free service for Magnifi Financial business debit card holders to save at a variety of merchants.

Learn More
Electronic Services for businesses

Electronic Services

Check out the additional services you can add on to your account and save you money.

Learn More

Get Started!

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Contact Us

Fill out our online form with some information about your agribusiness and the products or services of interest. Your local Ag Banking Officer will be in touch within 1-2 business days.

Contact Us

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Locate a Branch

You can open a business account or loan at any Magnifi Financial location. Each location has a designated Ag Banking Officer, but we recommend you call ahead to make an appointment.

Branch Locations

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Call Us

We have a dedicated phone line for business members which will help you reach someone who can help faster and save you precious time.

(833) 267-7321

 

Click here to learn more about what you'll need for your new account.

Maximize your agribusiness checking account

Magnifi Financial's digital banking and services can help you optimize your farm's finances by giving you the ability to access and manage your funds from anywhere, even in the middle of a field. Together, with your Ag Banking Officer, learn about which services are right for you and your agribusiness.

Digital Banking

Digital Banking

Optimize your agribusiness checking account with our digital banking platform and services.

Learn More
Visa SavingsEdge

Visa SavingsEdge

A free service for Magnifi Financial business debit card holders to save at a variety of merchants.

Learn More
Electronic Services for businesses

Digital Services

Check out the additional services you can add on to your account and save you money.

Learn More

Additional Products and Services for Agribusinesses

Check out all of your options you can utilize with Magnifi Financial's suite of products and services! Our Ag team will work with you individually to ensure you're on track to reach your farm goals.

Credit Card

Earn cashback while covering farm expenses.

Savings

Invest your agribusiness money and watch it grow.

Agribusiness Loans

Achieve your farm goals with a variety of loans.

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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