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CreditAbility Workshop
When it comes to your credit, do you know the score?
Learn about credit, credit reports, credit scores and your rights and responsibilities at a free CreditAbility Workshop.
Thursday, May 22, 2008 at 5:30 p.m.
Magnolia FCU Board Room
240 Briarwood Drive, Jackson
Please register by calling
601-977-8300 or email
education@magfedcu.org
Vishing Alert
Credit Unions members are falling victim to “vishing” attempts. Read more...
Checking
MagFedCU offers Totally Free Checking, Magnolia Checking and Student Checking to meet your checking needs. Bonus Rewards are also offered when you sign up for eStatements or Direct Deposit.
Totally Free Checking
"The way checking is supposed to be!"With all of life’s other worries choosing a checking account doesn’t have to be one of them. Most financial institutions offer so many checking options that choosing the right one for you can seem like you need a PhD in Economics. But, at MagFedCU, no matter what stage of life you’re in—just starting out, busy with work and kids, or enjoying an active retirement—the choice is simple—Totally Free Checking.
With a MagFedCU Totally Free Checking Account you'll enjoy the following special features:
- FREE Checking - Our Totally Free Checking is completely free. There are no hidden fees, no monthly service fees, no "per check" charges and no "per debit" charges.
- NO Balance Requirements - A low opening deposit and no balance requirement make our Totally Free Checking account affordable for everyone.
- EARN Dividends - Monthly dividends are paid on the average daily balance of $500 or more!
- FREE Check/Debit Card - The Advantage Express Visa Check Card1 can be used everywhere members see the Visa logo. It works like a check. You receive a receipt for the purchase and the transaction will show up on your monthly account statement for easy tracking. Visa Check Card Application
- FREE ATM Access – Get unlimited FREE withdrawals at any MagFedCU, MoneyPass, Allpoint, Dolphin ATM Alliance, or CU24 Here ATM, without paying any monthly or annual fees. This is a convenient way to access your funds anytime. A nominal fee may be incurred at non-MagFCU or CU24 ATMs. ATM Application
- FREE Online Banking & Telephone Teller – Sign up for TOTAL ACCE$$ Electronic Services for secure phone and web access to the accounts anytime, night or day - absolutely free. Online Banking Application
- FREE eStatements and Online Check Images - Sign up through online banking and discover the convenience of accessing your account statements and cleared checks online, without paying a dime. Viewing, printing and storing your important financial documents has never been easier. Plus when you sign up for eStatements we’ll honor you with additional bonus rewards (see below).
- Direct Deposit - Save time and have your payroll, recurring government, social security or retirement check automatically deposited into your account. You’ll have immediate access to cash and won’t waste your time by standing in long teller lines. Plus when you sign up Direct Deposit we’ll honor you with additional bonus rewards (see below).
- Automatic Overdraft Transfers - We’ll automatically transfer from your available savings balance2 or overdraft line-of-credit loan1 in the event that a transaction amount is more than your available checking account balance. A small transfer fee to cover the cost of mailing a transfer notice may be charged. Please refer to the current Rate and Fee Schedule.
1Credit application and approval required.
2Federal Regulation D transaction limits apply.
Magnolia Checking
Valued members aged 55 and over will enjoy all the features of Totally Free Checking PLUS:
- One Free box of personalized credit union image checks per year.
Student Checking
Valued members aged 21 and under and students over 21 with proof of enrollment will enjoy all the features of Totally Free Checking PLUS:
- One Free box of personalized credit union image checks per year.
Bonus Rewards
eStatement Bonus Rewards - Sign up for FREE eStatements and enjoy all the features of Totally Free Checking, Magnolia Checking or Student Checking PLUS:
- Free initial box of personalized credit union image checks.
- Free TOTAL ACCE$$ Bill Pay Service.
- Up to $25 per month refund of ATM surcharges.
Direct Deposit Bonus Rewards - Sign up for Direct Deposit of the payroll, recurring government, social security or retirement check and enjoy all the features of Totally Free Checking, Magnolia Checking or Student Checking PLUS:
- Free initial box of personalized credit union image checks.
- First six months free Safe Deposit Box rental.
- Free Traveler’s Checks.
ATM Rebate Program
To obtain the rebate for ATM surcharge fees:- Clearly print your name and MagFedCU account number on the back of the original ATM receipt. Photocopies will not be redeemed.
- Mail the ATM receipt to: Magnolia FCU ATM Rebate Program, 240 Briarwood Drive, Jackson, MS 39206. The envelope must be postmarked within 60 days of the date printed on the ATM receipt.
- The ATM surcharge fee printed on the receipt will be credited to the account within 30 days of the postmarked date.
- If you have any questions about the ATM Rebate Program, please contact a MagFedCU member service representative at (601) 977-8300 or 1-800-997-7919.
Overdraft Privilege
Overdraft Privilege (ODP) is an added "safety net" that steps in to protect you from the embarrassment and ever increasing costs associated with overdrafts. ODP is available on personal checking accounts in good standing that have been opened at least 60 days. In the event that you inadvertently make a balancing error and the available overdraft transfers have been exhausted, rather than automatically returning items "unpaid", payment of reasonable overdrafts will be considered. A "courtesy pay" fee will apply to each item which overdraws the account and overdrafts not cleared within a reasonable timeframe may result in the closure of the account. Therefore, ODP should not be considered a line-of-credit under any circumstances.
Note: ODP is a purely discretionary service and we are not obligated to pay any overdraft. Not all accounts are eligible and restrictions apply. Refer to our ODP policy and our current rate & fee schedule for current fees and charges.
Advantage Express Visa® Check Card
Pay from your checking account without writing a check. Your Advantage Express Card can be used for retail purchases worldwide, wherever Visa® is accepted. And, with your Personal Identification Number (PIN), you can get cash instantly at ATMs worldwide displaying the Visa®/Plus® System logo. Enroll Now!!
Visa Check Card Application
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