Classic One and Advantage One transitions to Business Checking. Our most basic
business checking account, best for the start-ups and smaller businesses. Get 50 free check
deposit and check clearings per month1, no monthly service fees, and no minimum
balance. Learn more about the perks of this checking account here.
Platinum One transitions to Business Advantage Checking. A great option for
businesses who carry a higher balance and want to earn dividends. Learn more about the perks of
this checking account here.
Non-Profit Checking stays the same. Magnifi Financial is excited to keep
Non-Profit Checking Accounts the same from Financial One. Accountholders will have 200 free check
deposit and check clearings per month1, earn dividends, and no monthly fees or minimum
If you're interested in switching to a different checking account, please review our
checking account options here.
ALL BUSINESS CHECKING ACCOUNTS INCLUDE:
1. $0.10 per item fee for checks deposited/cleared in excess of stated amount.
Primary Savings transitions to Membership Share.
All primary savings accounts become the Membership Share. This includes Business Primary Savings,
Non-Profit Primary Savings, and Organization Primary Savings. $5 in the Membership Share secures
your ownership in the credit union.
Secondary Savings and Organization Savings transition to Business Savings.
Business Secondary Savings and Organization Secondary Savings accounts will transfer to a
Business Savings account with Magnifi Financial. Continue to earn dividends with no monthly
minimum balance or fees. Learn more about additional Savings accounts here.
Non-Profit Money Market and Non-Profit Savings accounts will transfer to a Non-Profit Money
Magnifi Financial is excited to create a Non-Profit Money Market account for 501(c)(3) business
members. Continue to earn dividends at tiered rate levels with no monthly fees or penalties and no
monthly minimum balance.
Business Money Market Savings will transfer to Business Platinum Money Market accounts.
Earn dividends faster with three additional rate tiers for those with funds in excess of
$150,000. No monthly minimum balance or fees.
Call our toll-free business phone line: (888)
Your Financial One automatic transfers will continue
to function starting October 1, 2022. Magnifi Financial encourages you to monitor transfers to
All accrued Financial One dividends were paid current on
September 30, 2022 and appeared on your final Financial One statement. Dividends through Magnifi
Financial began accruing on October 1, 2022.
You will receive two tax documents for the 2022 fiscal year.
One from Financial One and one from Magnifi Financial. Use both forms when completing your
taxes. Consult your tax advisor with additional tax questions.
For current rate information, please click