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.

FEATURES OF ALL AGRIBUSINESS CHECKING ACCOUNTS INCLUDE:
- No minimum amount to open account
- No minimum balance per month
- Digital Banking and optional cash management services - learn more
- Surcharge-free access to Moneypass® ATMs
- Free contactless Visa® debit card with Visa SavingsEdge®
- Digital wallet services
- Free mobile deposit*
- Free eStatements
BUSINESS
CHECKING
- Up to 50 free total check transactions per month (clearings and deposits)1
- Remote Deposit optional with $15 monthly service fee2
- Does not earn dividends
- No minimum balance
BUSINESS ADVANTAGE
CHECKING
- Up to 200 free total check transactions per month (clearings and deposits)1
- Free Remote Deposit2
- Earns Dividends - check rates
- Account requirements to avoid $15/mo. service fee:
• $25,000 daily aggregate deposit and loan balance
• Digital Banking Account
• Free eStatements
BUSINESS PLATINUM
CHECKING
- Up to 400 free total check transactions per month (clearings and deposits)1
- Free Remote Deposit2
- Earns Dividends (tiered levels) - check rates
- Free eStatements OR $3 monthly fee for paper statements
- Account requirements to avoid $40/mo. service fee:
• $25,000 daily deposit balance OR $50,000 aggregate deposits and
loan balance
• Free Debit Card
• Digital Banking Account
* 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. Subject to underwriting and approval.
Business Checking Account Rates
Effective Date 7/1/2023
Type | Dividend Rate | APY | Min Opening Deposit | Min Balance to Earn Stated APY |
---|---|---|---|---|
Business Advantage Checking** | 0.35% | 0.35% | $0.00 | $0 - $49,999 |
0.40% | 0.40% | $50,000 - $99,999 | ||
0.45% | 0.45% | $100,000 - $149,999 | ||
0.50% | 0.50% | $150,000+ | ||
Business Platinum Checking** | 0.35% | 0.35% | $0.00 | $0 - $49,999 |
0.40% | 0.40% | $50,000 - $99,999 | ||
0.450% | 0.45% | $100,000 - $149,999 | ||
0.50% | 0.50% | $150,000+ |
APY = Annual Percentage Yield
Rates are subject to change without notice. Dividends compound monthly.
** Fees could reduce earnings
Get Started!
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.
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.
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.
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
Optimize your agribusiness checking account with our digital banking platform and services.
Learn More
Visa SavingsEdge
A free service for Magnifi Financial business debit card holders to save at a variety of merchants.
Learn More
Digital Services
Check out the additional services you can add on to your account and save you money.
Learn MoreAdditional 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.

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.