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Legal Services Industry Financial Solutions

Magnifi Financial is an approved financial institution under the Minnesota Interest On Lawyer Trust Accounts Program.

Magnifi Financial now offers IOLTA accounts for attorneys and law firms who routinely hold funds on behalf of clients. Interest income earned on IOLTA accounts is donated to the Minnesota IOLTA program, which then provides that revenue to the Legal Services Advisory Committee (LSAC) to create grants for low-income individuals who need access to legal services.

Solutions for Legal Service Businesses

We offer a wide variety of products and services for any type of business. No matter if your business is small or large, our Commercial Business Officers offer guidance at any stage to get you on track to your business goals.

Free Checking

Magnifi Financial waives the monthly checking service fee for IOLTA accounts.

Fraud Management

Monitor your ACH and check payments as they clear to ensure there is no fraud occurring on your account.

Remote Deposit

Your billing department can deposit check payments from their desks. Multiple users with varying levels of security can be connected to your Digital Banking account.

Competitive Rates

As the largest commercial-lending credit union in Minnesota, we are able to provide our business members with low loan rates.

Low Fees

Magnifi Financial has very competitive terms for businesses which include low fees. We make sure you're comfortable with all of the terms of your loan or deposit account.

Customized Options

Our local Commercial Officers work directly with you to build a relationship and help determine the right solutions for your business.

Get Started

Click here to learn more about what you'll need for your new business account.

Get In Touch Online

Fill out our online form with some information about your business and the products or services of interest. Your local Commercial Officer will be in touch within 1-2 business days.

Contact Us

Visit in Person

You can open a business account or loan at any Magnifi Financial location. Each location has a designated Commercial Officer, but we recommend you call ahead to make an appointment.

Branch Locations

Call Us

We have a dedicated phone line for business members, which will help you reach someone who can help faster and save you precious time.

(833) 267-7321

Membership means more here.

At Magnifi, you're not just a member-owner of an award-winning credit union; you're part of Magnifi and receive all the benefits and perks you need to succeed financially.