Offer at a glance
- Maximum bonus amount:Â $100
- Availability: Must live, work or worship in Hinds, Madison, Rankin, Simpson, Copiah, Leake, Yazoo, or Northern Scott in Mississippi counties
- Direct deposit required:Â Yes, two direct deposits of $500 or more within 61 days of account opening
- Additional requirements:Â None
- Hard/soft pull:Â Unknown
- ChexSystems: Unknown
- Credit card funding:Â Unknown
- Monthly fees:Â None
- Early account termination fee:Â $15, 90 days
- Household limit:Â None listed
- Expiration date:Â None listed
Contents
The 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
- Â 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.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
