When it comes to opening a checking account at Magna Bank, we make things simple. We match your needs and the benefits you want with a product designed for you.
It’s that simple.
Our personal accounts have the following benefits, at absolutely no cost:
- Unlimited check writing.
- Free unlimited visits to the teller.
- No per-check charges.
Choice of:
- No fee ATM Card or
- No fee VISA® Consumer Debit Card with
- No charge ATM transactions at any Magna ATM.
- No charge ATM network transactions at any First Tennessee Bank ATM.
- Network withdrawals at any Pulse or Plus network ATM.
- Free online banking and bill pay.
- ACH direct deposit.
- Automated 24-Hour banking by phone, 7 days per week.
- And, much more.
Free Checking
A no-frills checking account without the hidden charges.
- Open your account with just $25.
- Enjoy all of Magna's personal checking benefits.
- Option to receive check images with your statement for $1/month.
- No monthly service charge.
Checking Plus
Checking with interest!
- Open your account with $100
- Enjoy all of Magna's personal checking benefits.
- Earn interest on ALL collected balances.
- Free check images with your statement.
- No monthly service charge with a $1,000 minimum daily balance, otherwise just $9/month.
Senior Checking
Because at age 55 or older you’ve earned it.
- Open your account with $100.
- Enjoy all of Magna's personal checking benefits plus free nationwide ATM's.
- Earn interest on ALL collected balances.
- Free safety paper wallet style checks or 50% discount off selected wallet designs.
- Free check images with your statement.
- .25 % interest rate discount on new fixed rate consumer loans when payments are set up for automatic debit from your Magna Bank checking account
- 30% discount on safe deposit boxes.
- Avoid a $10 monthly service charge with:
- $5,000 minimum daily balance or
- $10,000 combined deposit and consumer loan balances or
- An originated first mortgage at Magna.
- No minimum balance service charge on one money market account.
- No annual fee IRAs.
- Free notary.
- Free official bank and travelers checks.
Relationship Checking
A checking account with extra benefits because of your total deposit and/or loan relationship with us.
- Open your account with $100.
- Enjoy all of Magna's personal checking benefits plus free nationwide ATM's.
- Earn interest on ALL collected balances.
- Free safety paper wallet style checks or 50% discount off selected wallet designs.
- Free official check images with your statement.
- 25% rate discount on new fixed rate consumer loan with automatic payment from checking.
- 30% discount on safe deposit boxes.
- Avoid a $15 monthly service charge with:
- $10,000 minimum daily balance or
- $10,000 combined deposit and consumer loan balances or
- An originated first mortgage at Magna.
- No minimum balance service charge on one money market account.
- No annual fee IRAs.
- Free notary.
- Free official bank and travelers checks.
For questions or rates, please call us in Memphis at 901.259.5400 or 800.517.3455 or in Nashville at 615.221.5104 or 800.517.3455.
Click here for general service charges and fees.
