Choice Checking

At Magnolia FCU, you have the power of choice — like the choice to make the monthly fee disappear on your Choice Checking account!

Use your debit card and receive statements electronically to reduce the $4 fee to zero. Plus, you’ll have easy access to your money with plenty of free services and our nationwide ATM network.

Summary
  • Low $4 monthly service fee
  • Easily reduce or eliminate your fee
  • Free Online Banking
  • Free Online Bill Pay (when enrolled in eStatements)
  • Free eStatements
  • Free Mobile Banking
  • Free MagMoney Visa® debit card
  • Access your account at branches all over the nation, through Shared Branching
  • 24/7 funds access through our partner ATM networks
  • No minimum deposit to open
  • Earns dividends on the average daily balance of $500 or more

It’s easy to make your monthly fee disappear.

When you do the following transactions and activities in your Choice Checking account during each Monthly Qualification Cycle, your monthly service fee of $4.00 will be reduced as follows until the fee is retired for that corresponding Statement Cycle:

  • 25¢ for each debit card purchase that posts and settles
  • $2.00 if you are enrolled in and agree to receive eStatements

Transactions and activities may take one (1) or more business days from the date transaction occurred to post and settle to the account.  

Want a free account that earns rewards for doing similar activities? Check out our free Kasasa Cash Back® checking!

Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our Credit Union as ATM transactions, non-retail payment transactions and purchases made with debit cards not issued by our Credit Union. “Monthly Qualification Cycle” means a period between one (1) business day prior to the first day of the current statement cycle through one (1) business day prior to the close of the current statement cycle.
 
Reward Information:
Choice Checking: When you do the following transactions and activities in your Choice Checking account during a Monthly Qualification Cycle, your monthly service fee of $4.00 will be reduced as follows until the fee is retired for that statement cycle:
·          $2.00 reduction for enrolling in and receiving eStatements rather than paper statements
·          $0.25 reduction for every debit card purchase that posts and settles to your account during a Monthly Qualification Cycle until your monthly fee is eliminated.

Fee is not reduced if these activities do not occur. Your aggregate fee reduction earnings will be credited to your Choice Checking account on the last day of statement cycle.
 
*Accounts with an average daily balance of $500.00 or more at the end of each statement cycle will earn 0.10% APY. APY = Annual Percentage Yield. APY is accurate as of 01/01/16.