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!
 | BMO Harris PremierTM Checking: Earn $350 cash bonus when you open a new PremierTM Checking Account and have a total of at least $7,500 in qualifying direct deposits within the first 90 days. Learn More---BMO Harris Premier Checking Review |
 | U.S. Bank SmartlyTM Checking: Earn up to $600 bonus when you open a new U.S. Bank SmartlyTM checking account and a Standard savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through February 7, 2023. Member FDIC. Apply Now---U.S. Bank Checking Review |
 | Discover Online Savings Account: Earn $200 Bonus/$150 Bonus with promo code HMB323 by 03/15/2023 along with a competitive interest rate of 3.30% APY. Fund your first savings account with a minimum of $25K within 30 days of account open date to earn the $200 Bonus (fund $15K to earn $150 bonus). No minimum opening deposit, no minimum balance requirement, and no monthly fees. See advertiser website for full details. Apply Now---Discover Savings Review |
 | HSBC Premier Checking Account: Earn $500 bonus for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities. Make recurring monthly Direct Deposits totaling at least $10,000. Member FDIC Terms |
 | Chase Private Client: Enjoy a $2,000 bonus when you open a new Chase Private Client Checking account with qualifying activities. Within 45 days of coupon enrollment, transfer a total of $250,000 or more in new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes Chase business checking and savings accounts, any J.P. Morgan Self-Directed Investing & Automated Investing, J.P. Morgan Personal Advisors Accounts, J.P. Morgan Wealth Management retirement accounts and CDs), and maintain the balance for at least 90 days from coupon enrollment. Learn More---Chase Private Client Review |
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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