Available for residents of Kentucky, Magnolia Bank is offering a $50 bonus when you tell your friends and family to become a member at Magnolia Bank by December 31, 2019.
To qualify for this referral bonus, you must first fill out their referral form and give it to a friend. Remember to have your friend bring it to their nearest branch and use it to open a new Magnolia Checking account. Additionally, they will have to set-up a direct deposit and close their account at their previous bank.
Once all the requirements are met, you will have access to a range of features to better your banking experience. If you are interested, be sure to check out this promotion as well as other banks such as HSBC Bank, Chase Bank, Huntington Bank, Discover Bank, TD Bank, BBVA Compass Bank or CIT Bank.
Credit goes to Dorianne for letting us know about this bank bonus through our Rewards Program. Let us know if you find a new bank bonus and get paid!
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Table of Contents
Magnolia Bank $50 Referral Info
- Direct Link to Offer
- Magnolia Bank Referral Bonus PDF Printout
- Referrer Bonus: $50
- Referee Bonus: $50
- Account Type: Simple, Mobile, Interest, Renew Checking
- Availability: KY (Bank Locator)
- Expiration Date: 12/31/2019
- Credit Inquiry: Unknown, let us know.
- Chexsystems: Unknown, let us know.
- Opening Deposit: Not specified, check with CSR
- Credit Card Funding: Unknown, let us know.
- Direct Deposit Requirement: None
- Monthly Fee: $0 – $10, See Below
- Additional Requirements: See Below
- Closing Account Fee: None listed, check with CSR
How to Earn Magnolia Bank Bonus
- Fill out the referral form and have your referral bring it when they go to open a qualifying checking account with Magnolia Bank.
- They will have to set-up a direct deposit to the account and close their account at their previous bank.
- If you take advantage of this offer before December 31, 2019 you and your referral will earn $50.
How to Avoid Monthly Fees
- Simple Checking Account: There are no monthly fees.
- Mobile Checking Account: Maintenance fee of $5 if balance falls below $50.
- Interest Checking Account: Waived if you set-up a savings account but maintenance fee of $10 if combined balance falls below $10,000.
- Renew Checking Account: $10 fee is reduced to $8 if you set-up a direct deposit.
Bottom Line
Make sure you check out Magnolia Bank to learn more about the $50 referral bonus. Don’t forget this bonus will be reported on form 1099-INT. Be sure to take advantage of this opportunity before it expires!
Feel free comment below and let us know about how it went and if you could fund your account with credit card or not. We value your feedback and will continue to keep you posted on the latest bank offers nationwide. If you would like to see more, check out our full list of Bank Referrals for all your banking needs.
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| E*TRADE | $2,500 Cash | Review |
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| TD Ameritrade | $600 Cash | Review |
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