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Business Checking

Our business checking accounts offer great value and a variety of ways to access and manage your money.

Flexibility is key in today’s business 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 business.

Help Me Choose Rates Contact Business Team

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Business Checking Features

  • 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

Which account is right for your business

BUSINESS CHECKING


Our most basic business checking account, best for the start-ups and smaller businesses.
  • 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

 

 

 

Contact a business team member today:
Contact Us

NON PROFIT CHECKING


A simple and functional checking account perfect for 501(c)(3) organizations.
  • Up to 200 free total check transactions per month (clearings and deposits)1
  • Remote Deposit optional
    with $15 monthly service fee2
  • Earns Dividends - check rates
  • No minimum balance
  • Must be a 501(3)(c) organization to qualify for this account

 

 

 

Contact a business team member today:
Contact Us

BUSINESS ADVANTAGE CHECKING


A great option for businesses who carry a higher balance and want to earn dividends.
  • 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



Contact a business team member today:
Contact Us

BUSINESS PLATINUM CHECKING


Earn the most dividends with this account. For the businesses who carry much higher balances.
  • 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
Contact a business team member today:
Contact Us

* Data carrier rates may apply
1. Business Checking, Non Profit 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.

 Download and Print Checking Account Comparison


Get Started

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Contact Us

Fill out our online form with some information about your business and the products or services of interest. Your local Commercial 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 Commercial 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.

Business Checking Account Rates

Effective Date 11/10/2022

Type Dividend Rate APY Min Opening Deposit Min Balance to Earn Stated APY
Non Profit Checking 0.15% 0.15% $0.00 $0 - $49,999
  0.20% 0.20%   $50,000 - $99,999
  0.25% 0.25%   $100,000 - $149,999
  0.25% 0.25%   $150,000+
Business Advantage Checking* 0.20% 0.20% $0.00 $0 - $49,999
  0.25% 0.25%   $50,000 - $99,999
  0.25% 0.25%   $100,000 - $149,999
  0.25% 0.25%   $150,000+
Business Platinum Checking* 0.20% 0.20% $0.00 $0 - $49,999
  0.25% 0.25%   $50,000 - $99,999
  0.30% 0.30%   $100,000 - $149,999
  0.30% 0.30%   $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

Additional Products and Services for Businesses

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

Credit Card

Earn cashback while covering business expenses.

Savings

Invest your business money and watch it grow.

Business Loans

Achieve your business 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.

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