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Last Updated: 04/18/2025

Magnolia FCU Business Checking Account

from Magnolia Federal Credit Union

Last Updated: 04/18/2025
Magnolia Federal Credit Union logo
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Monthly Maintenance Fee

$0(Verified 03/19/2025)

ATM Fee: Out-of-Network (within the U.S.)

$1

Minimum Average Balance to Avoid Monthly Service Fee

$0

APY (Annual Percentage Yield)

N/A


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Magnolia FCU Business Checking Account Review

Magnolia FCU Business Checking Account is offered by Magnolia Federal Credit Union, a credit union founded in 1935 and based in Jackson, MS. Magnolia FCU Business Checking Account is available in 50 states and Washington, DC.

Key Takeaways

  • No monthly maintenance fees. This account does not charge any monthly account fees.
  • $100.00 minimum opening deposit. This is a typical minimum initial deposit.
  • No ATM fees. Magnolia FCU Business Checking Account does not charge fees on ATM transactions within its network but there is a fee of $1.00 for out-of-network ATM transactions .
  • Bill pay. Pay your bills to practically anyone in the United States when you enroll in Magnolia Federal Credit Union mobile or online banking.

Magnolia FCU Business Checking Account Pros & Cons

Magnolia FCU Business Checking Account FAQ

Are business checking accounts from Magnolia Federal Credit Union federally insured?

Yes, your business checking accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What APY does Magnolia FCU Business Checking Account offer?

Magnolia Federal Credit Union does not provide interest rate information until you apply for a new account.

What are the account minimums for Magnolia FCU Business Checking Account?

Magnolia FCU Business Checking Account requires a minimum initial deposit of $100.00 to open an account.

What fees does Magnolia FCU Business Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does Magnolia FCU Business Checking Account offer?

This account includes the following features:
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Magnolia FCU Business Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

240 Briarwood Dr
Jackson, MS 39206
(601) 977-8300
Visit Site

Hours of Operation

SundayClosedMonday8:00AM - 4:30PMTuesday8:00AM - 4:30PMWednesday8:00AM - 4:30PMThursday8:00AM - 4:30PMFriday8:00AM - 5:30PMSaturdayClosed

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SuperMoney Net Recommendation Score

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-1000+100
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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

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