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Business Accounts

Experience business banking – the Magnolia Way. Your local and trusted business partner.

Our Accounts

Business Basic

For small businesses or businesses getting started
  • Minimum opening deposit of $50
  • No minimum daily balance requirement
  • No service charge 
  • Up to 150 items per month; excess item fee charged per item above the allowed
  • eStatement available at no charge or paper statement fee of $5 per statement

Business Plus

For businesses with moderate transaction volumes.
  • Minimum opening deposit of $50
  • Minimum daily balance requirement of $10,000
  • A service charge of $10 if daily balance falls below required daily minimum at any time during the statement cycle 
  • Earns interest on balances starting at $10,000
  • Up to 300 items per month; excess item fee charged per item above the allowed

Business Pro

For businesses with higher transaction volumes.
  • Minimum opening deposit of $50
  • Earns interest on balances starting at $10,000
  • Minimum daily balance requirement of $30,000
  • A service charge of $25 if daily balance falls below required daily minimum at any time during the statement cycle 
  • Up to 600 items per month; excess item fee charged per item above the allowed

Business Sweep

For business customers who desire FDIC coverage on balances greater than $250,000.
  • Opening deposit of at least $250,000
  • Earns interest on balances starting at $10,000
  • Average balance requirement of $250,000
  • A service charge of $25 if average balance falls below required minimum 
  • Up to 600 items per month; excess item fee charged per item above the allowed

Business Money Market

For businesses looking to earn additional interest on business funds.
  • Minimum opening deposit of $50
  • Minimum daily balance to earn interest is $2,500
  • A service charge of $10 if minimum daily balance is not maintained during any day of the statement cycle 
  • Limited to 6 withdrawals per four week or similar period; excess withdrawal fee per item assessed if limit exceeded
  • Interest earned on tiered rate structure.  Click here to view our rates.

Watch & Learn

Additional Services

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Online Banking

Enroll in online banking and enjoy features that matter to you. See statements, monitor activity, pay bills, view checks or transfer funds in just a few clicks.
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Business Debit Card

Use your Magnolia Bank Business Debit MasterCard anywhere that accepts MasterCard.
Lady looking at computer for eStatement

eStatement

Switch to paperless statements and receive your statements online with an easy, worry-free statement reminder via email. With paperless statements, you can access your statements sooner from virtually anywhere using Online Banking or the Magnolia Bank app.
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Magnolia Bank Mobile App

Securely access your accounts from virtually anywhere with the app. Just download the app on your mobile device and sign in using your same magnoliabank.com user ID and password. Check balances, monitor activity, pay bills, deposit checks or transfer funds at the touch of a finger.
Several credit cards stacked on top of each other, business debit cards

Business Credit Cards

Discover what best meets your business needs with popular business credit card options from Magnolia Bank. Get rewarded on expenses with new cardmember bonus offers and cash back rewards on all your business purchases.
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Business Services

Magnolia Bank offers a variety of business services to make managing your finances easier. Offer your customers a variety of secure and convenient payment processing solutions with Merchant Services; handle your business payables efficiently with ACH Payroll Origination; and deposit checks 24/7 without ever leaving the office with Remote Deposit Capture.