photoPersonal Checking Accounts

Regular Checking Account

  • Minimum amount to open account - $100
  • Monthly maintenance fee:
    • $600 or more........$0
    • Below $600..........$6
  • Unlimited check writing
  • Receive check images on statement

Thrifty Checking Account

This account is for individuals who write only a few checks each month and prefer no minimum balance requirements.  If you write fewer than 25 checks with the Thrifty Checking plan, you will save transactions fee versus our Regular Checking plan. Only available in certain markets. Call your local MSB for details.

  • Minimum amount to open the account....$100
  • Monthly maintenance fee.......................$1.00
  • Transaction fee per check/debit..............$0.20
  • Drafts/automatic withdrawals..................$0.00

Free Checking

  • Minimum amount to open account - $100
  • Images of checks will not be returned with statements
  • Minimum of four debit card transactions per month
  • If less than four transactions per month, there will be a $6.00 per month maintenance fee
  • Only available in certain markets. Call your local MSB for details.

photoStudent Checking Acount

Available to High School and College students to age 23

  • No monthly maintenance fee
  • No minimum to open account
  • Monthly transaction fees:
    • First 20 checks .................Free
    • Each check over 20 .........$0.20

Churches, Clubs, Schools & Non-profit Organizations Checking Account

  • No minimum to open account
  • Monthly maintenance fee:
    • $600 or more........$0
    • Below $600.00 ....$2.00
  • Monthly transaction fees:
    • First 20 checks/debit items ....Free
    • Each item over 20 ................$0.20

photoNOW Account

  • Market rate paid on entire balance
  • Minimum amount to open account - $1,500
  • Monthly maintenance fee:
    • Below $1,500.00 ............$7.50
  • No transaction fees
  • Unlimited Checking
  • Interest on NOW CHECKING is computed daily and compounded monthly.
  • The following accounts are eligible for NOW CHECKING:  individuals, sole proprietorships, non-profit organizations, and governmental units. Accounts not eligible for NOW CHECKING are as follows: partnerships, corporations, and profit-making organizations.

Magnolia Circle Gold Account/Magnolia Checking(For customers age 50 and over)

This is a multi-service account for customers age 50 and over. Benefit from a total banking relationship, enjoy a package of financial services and earn high market rate interest with checking account flexibility.

  • Minimum to open account - $500.00
  • Earns interest on balances of $500.00 or more
  • Monthly maintenance fee:
    • $500.00 or more .............$0.00
    • Below $500.00 ...............$8.00

Benefits & Features:

  • Free personalized checks (one order per year)
  • Unlimited check writing
  • Free Internet Banking and Mobile Banking
  • Debit card
  • No issue fee on money orders, traveler’s checks or official checks
  • Complimentary notary service
  • Visa or Mastercard with NO annual fee
  • No charge for photocopies (up to 10 per month)
  • Travel excursions and member-only seminars and social events

Money Market Accounts

INDIVIDUALS:

  • Market rate paid on entire collected balance
  • Minimum amount to open account - $2,500
  • Monthly maintenance fee:
    • $2,500.00 or more.............$0.00
    • Below $2,500.00 ..............$10.00
  • Unlimited transactions and no transaction fees for “in bank and telephone” withdrawals and transfers.

Contact one of our customer service representatives today for information on how to apply for a Magnolia State Bank credit card.

1-855-BANKMAG