zero fox

Legal Services Industry Financial Solutions

Your growing business deserves more.

Magnifi Financial now offers IOLTA (Interest On Lawyer Trust Accounts) accounts for attorneys and law firms who routinely hold funds on behalf of clients. Interest income earned on IOLTA accounts is donated to the Minnesota IOLTA program who then provide that revenue to the Legal Services Advisory Committee (LSAC) to create grants for low-income individuals who need access to legal services. Magnifi Financial is an approved financial institution under the Minnesota IOLTA Program.
Learn more about the solutions Magnifi Financial provides for legal service businesses below.

Lawyer giving legal advice.

Solutions for Legal Service Businesses

We offer a wide variety of products and services for any type of business. No matter if your business is small or large, our Commercial Business Officers offer guidance at any stage to get you on track to your business goals.

Free Checking

Magnifi Financial waives the monthly checking service fee for IOLTA accounts.

Fraud Management

Monitor your ach and check payments as they clear to ensure there is no fraud occurring on your account.

Remote Deposit

Your billing department can deposit check payments from their desks. Multiple users with varying levels of security can be connected to your Digital Banking account.

Competitive Rates

As the largest commercial-lending credit union in Minnesota, we are able to provide our business members with low loan rates.

Low Fees

Magnifi Financial has very competitive terms for businesses which include low fees. We make sure you're comfortable with all of the terms of your loan or deposit account.

Customized Options

Our local Commercial Banking Officers work directly with you to build a relationship and help determine the right solutions for your business.

Get Started

contact form

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

branch icon

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

phone icon

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


magnifi icon

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