[MS only] Magnolia Federal Credit Union $100 Checking Bonus

Offer at a glance

• Maximum bonus amount: $100
• Availability: Must live, work or worship in Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Northern Scott in Mississippi counties
• Direct deposit required: Yes, two direct deposits of $500 or more within 61 days of account opening
• Additional requirements: None
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: None
• Early account termination fee: $15, 90 days
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Magnolia Federal Credit Union is offering a bonus of $100 when you open a new Everything E Checking account and complete the following requirements
  •  Make 2 direct deposits of $500 or more within 61 days of opening
  • Email [email protected] to claim money after 60 days

The Fine Print

• Current Magnolia Checking Account holders are not eligible (Magnolia Savings account holders are eligible)
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The E Everything checking account doesn’t have any monthly fees to worry about.

Early Account Termination Fee

There is an early account termination fee of $15, if the account is closed within 90 days according to the fee schedule.

Our Verdict

Relatively small bonus, but might still be worth doing if it’s a soft pull and even more so if there is any credit card funding. As always please share your datapoints in the comments below.

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