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Petal
Hattiesburg
Bay Springs
Downtown Laurel
North Laurel
Heidelberg
TaylorsvilleACCOUNTS& SERVICES
Compare features to find out which checking or savings accounts best fit your needs
BAY SPRINGS28 Highway 528 • PO Box 508 • Bay Springs, MS 39422-0508 601-764-2265
HATTIESBURG6179 US Highway 98 West • Hattiesburg, MS 39402 601-261-2234
HEIDELBERG407 Main Street • PO Box 320 • Heidelberg, MS 39439-0320 601-787-3471
LAUREL (NORTH)3220 Highway 15 North • PO Box 6538 • Laurel, MS 39441-6538 601-425-0003
LAUREL (DOWNTOWN)500 Central Avenue • PO Box 41 • Laurel, MS 39440 601-682-0990
PETAL1130 Evelyn Gandy Parkway • PO Box 465 • Petal, MS 39465 601-582-5276
TAYLORSVILLE748 Highway 28 East • PO Box 37 • Taylorsville, MS 39168-0037 601-785-4756
YOUR LOCALBANKING SOLUTIONFind us at these convenient locations:
FACEBOOKLIKE US ON www.bankmagnolia.com
855.BANKMAG 1 Fees may reduce earnings.2 Transfers or withdrawals from a savings or money market account to another account or to third parties by preauthorized, automatic, telephone, check, draft, debit card, or similar order are limited to 6 per monthly statement cycle. Unlimited transactions in-person, by mail, in bank and ATMs.
MANAGE YOUR MONEY SMARTLYAND SAFELY WITH THE RIGHTSAVINGS ACCOUNT FOR YOU
MINIMUMOPEN DEPOSIT
MAINTENANCE FEE
STATEMENT
EARNS INTEREST1
OTHER FEES
DEBIT CARDavailable for Savings Account only to be used at ATMs for cash withdrawals. Must have checking account.
INTERNET BANKING
TEXT ALERTS
MOBILE BANKINGincluding Mobile Deposits and Mobile Alerts
$100
$4 quarterly fee if balance falls below $300
$25 fee if account isclosed within 90 days
Quarterly
YesInterest earned onthe following tiers:• $0 – $2,499• $2,500 – $9,999• $10,000 – $49,999• $50,000 and above
An Excessive Withdrawal Fee of $2 will be charged for each transaction over 6 per month.2 Passbook available upon request for a $5 fee.
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$25
$0 monthly fee
$25 fee if account isclosed within 90 days
Quarterly
Yes
An Excessive Withdrawal Fee of $2 will be charged for each transaction over 6 per month.2 Passbook available upon request for a $5 fee.
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$2,500
$15 monthly fee if balance falls below $2,500
$25 fee if account isclosed within 90 days
Monthly
YesInterest earned onthe following tiers:• $2,500 – $9,999• $10,000 – $49,999• $50,000 and above
An Excessive Withdrawal Fee of $2 will be charged for each transaction over 6 per month.2 Passbook available upon request for a $5 fee.
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$5
$0 monthly fee
$10 fee if account is closed prior to the regular
distribution of checks
N/A
Yes
Minimum of $5 for payment. Automatically charges
checking account monthly. Coupon books available
upon request for a $5 fee.
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SAVINGS STATEMENTSAVINGS
CHRISTMASCLUB
YOUTHSAVINGS
(for ages 18 and younger)
MONEYMARKET
(Business & Individuals)
ELIGIBILITY REQUIREMENTS
MINIMUM OPENING DEPOSIT
MINIMUM BALANCE REQUIREMENTS
MONTHLY MAINTENANCE FEE
INTEREST RATE INFORMATION
GENGOLD REWARDS:Mobile App, Travel, Merchandise, Health and Entertainment discounts
IDENTITY THEFT PROTECTION
$20,000 AD&D INSURANCE
CELLULAR CARE PROTECTION
FIRST ORDER OF CHECKS FREE3
FREE ORDER OF CHECKS FOR CUSTOMERS 60+3
FIRST DEBIT CARD FREE PER ACCOUNT OWNER$1 each additional card
SCORECARD REWARDS: Earn rewards on debit and credit card purchases. No minimum balance required to earn rewards
INTERNET BANKING & BILL PAY
MOBILE BANKINGincluding Mobile Check Deposits
UNLIMITED CHECK WRITING & DEPOSITS
TEXT ALERTS
VISA ALERTS
OVERDRAFT PROTECTION AVAILABLE4
QUICKBOOKS, QUICKEN, & MICROSOFT MONEY COMPATIBLE
BUDGET/EXPENSE CATEGORIZING
$100
$0
$8
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$100
$0
$6 Reduced by offset credit:1
• $2 for maintaining 20 debit card transactions per month• $2 for receiving e-statements• $2 for receiving a direct deposit• $2 for customers 60+
No maintenance fee will be assessed during the first 30 days of account opening
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Student Ages 15–23
$25
$0
$0
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$1,500
$1,500minimum balance required to earn interest
$8if balance falls below $1,500
Interest earned on the following tiers:2
• $1,500 – $9,999• $10,000 – $49,999• $50,000 and above
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PERSONALCHECKING
MAGNOLIASELECT
designed by you tofit your needs
MAGNOLIA PERKSBY GENGOLD
includes all the “extras”
MAGNOLIASTUDENTfor ages 15–23
MAGNOLIAPLATINUM
earn tiered interest
1 Not to exceed to $6. No maintenance fee applied for for first 30 days.2 Interest rate and annual percentage yield may change at any time. Interest is calculated by applying a daily periodic rate to the principal in the account each day. Interest will be compounded and credited to the account monthly.3 Style of free checks limited to MSB Style check. Fees will apply if different style is selected. 4 Application and approval may be required.
5 Additiional fees will apply for cash management services.6 First 3 months will be free for business customers. After 3 months, bill pay will be $5.50 per month.7 Bank review and approval required.
FROM JUST THE BASICS TO ALL THE PERKS, WE HAVE A PERSONAL CHECKING ACCOUNT TO FIT YOUR NEEDS
BUSINESS CHECKING ACCOUNTS WITH ESSENTIAL FEATURES FOR ANY SIZE BUSINESS
MINIMUM OPENING DEPOSIT
MONTHLY TRANSACTION FEES
MONTHLY MAINTENANCE FEE
INTEREST RATE INFORMATION
FIRST DEBIT CARD FREE PER ACCOUNT OWNER$1 each additional card
INTERNET BANKING5
FREE BILL PAYfor the first 3 months6
MOBILE BANKING
MOBILE CHECK DEPOSIT
SCORECARD REWARDSon debit and credit card purchases. No minimum balance required to earn rewards
TEXT ALERTS
VISA ALERTS
OVERDRAFT PROTECTION AVAILABLE4
QUICKBOOKS, QUICKEN,& MICROSOFT MONEY COMPATIBLE
BUDGET/EXPENSE CATEGORIZING
REMOTE DEPOSIT CAPTURE AVAILABLE7
MERCHANT SERVICES AVAILABLE
ACH AVAILABLE UPON REQUEST
$100
Up to 200 free transactions(debit and credit)
after 200, $0.25 each
$0
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$100
$0.14 per deposit item$0.07 per withdrawal
$10 per month
Earnings Credit: The investible balance, defined as the average collected balance less 3% Federal Reserve requirement, will earn a credit based upon 50% of the target Fed Funds rate. Adjusted monthly.
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$25
Up to 20 free transactions(debit and credit)
after 20, $0.20 each
$2 per month if balance falls below $600
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BUSINESSCHECKING
NON-PROFITORGANIZATIONS
for churches, clubs,and charities
SMALL BUSINESSincludes sole
proprietorship
COMMERCIALfor large businesses
with many transactions
