Personal Accounts
At Malaga, we are committed to providing a personal banking experience that caters to today's busy lifestyle. Our personal bankers can help you find accounts that fit your needs and continue to work with you to realize and achieve your personal financial goals.
Choose from a variety of products and services; including checking accounts, savings accounts, and lines of credit, our personal bankers are here for you!
Malaga Bank is now offering Digital Wallet. Add you Malaga Bank Debit Card to your mobile wallet on any device. Tap...Pay...And be on your way. Digital Wallet is a quick, secure, and convenient way to pay with your mobile device.
Checking Accounts
Our Checking Accounts offer Online Banking with Bill Payer, Mobile Banking and Mobile Deposit.
No Fee Checking
| $100 minimum to open |
| Unlimited check writing |
| No monthly service fee with e-statements(1) |
| Does not earn interest |
| 1st box of checks free |
| ATM reimbursement(2) |
| E-Statements required(1) |
Student Checking
| $100 minimum to open |
| Unlimited check writing |
| No monthly service fee |
| Does not earn interest |
| 1st box of checks free |
| ATM or Debit Card |
| For age 16+, under age 18 requires parent / guardian as co-owner(3) |
Unlimited Checking
| $100 minimum to open |
| Unlimited check writing |
| $10 monthly service fee if balance falls below $750 during the statement period |
| Does not earn interest |
| Check imaging |
Senior Checking
| $100 minimum to open |
| Unlimited check writing |
| No monthly service fee |
| Does not earn interest |
| Check imaging |
| 1st box of checks free |
| ATM reimbursement (2) |
| For age 55+ |
Preferred Checking
| $100 minimum to open |
| Unlimited check writing |
| $12 monthly service fee if balance falls below $1,500 during the statement period |
| Check imaging |
| Earns interest |
For more information, contact a Customer Service Representative at 310.375.9000.
1 $3 monthly charge for paper statements.
2 Some ATM fees may be reimbursed; see account opening disclosure for details.
3 Online Banking is for 18 years+.
Savings and Money Market Accounts
Our Savings and Money Market accounts offer Online Banking with Bill Payer, Mobile Banking and Mobile Deposit.
Malaga Market(3)
| $500 minimum to open |
| $10 monthly service fee if balance falls below $10,000 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
Cash Management(4)
| $25,000 minimum to open |
| $15 monthly service fee if balance falls below $10,000 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
Premier Market(4)
| $500 minimum to open |
| $5 monthly service fee if balance falls below $10,000 during the statement period |
| Earns interest |
| Unlimited over the counter withdrawals |
Preferred Savings(4)
| $100 minimum to open |
| $5 monthly service fee if balance falls below $200 during the statement period. Waived for minors, seniors and IRAs. |
| Earns interest |
| Unlimited over the counter withdrawals |
For more information, contact a Customer Service Representative at 310.375.9000.
3 6 pre-authorized transfers (including checks, ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.
4 6 pre-authorized transfers (including ACH, overdraft, online banking transfers, etc.) allowed per statement cycle. If limit is exceeded, an excess transaction fee of $10 per item will be assessed and/or the account subject to change.
Certificates of Deposit
Fixed Rate CD
| Select your own term and interest rate based on the amount you invest. You can choose a term as short as 32 days or as long as five years. |
| $1,000 minimum to open |
| Penalty for early withdrawal |
| 32 days - 5 years term |
IRA CD
| Traditional, Roth and Simplified Employee Pension Plans (SEP). |
| $1,000 minimum to open |
| No deposits except for annual contributions. |
| Penalty for withdrawal unless for Required Minimum Distribution (RMD) |
| 32 days - 5 years term (Excludes liquid accounts) |
| $25 Annual Trustee Fee |
Jumbo CD
| For customers looking for a competitive rate on larger balances. |
| $100,000 minimum to open |
| Penalty for early withdrawal |
| 32 days - 5 years term |
Malaga Kids Account
| Receive a free Malaga piggy bank to encourage savings! |
| No minimum to open |
| Unlimited deposits |
| Penalty for early withdrawal |
| 1 year term |
| Maximum age to open is 17 years |
3 Month Liquid CD
| Offers unlimited deposits and one penalty-free withdrawal of up to 50% of the balance during each term. |
| $5,000 minimum to open |
| Unlimited deposits |
| 1 penalty-free withdrawal up to 50% of balance during each term (IRA funds excluded) |
| 3 month term |
5 Month Liquid CD
| Offers unlimited deposits and two penalty-free withdrawals of up to $50,000 combined during each term. |
| $5,000 minimum to open |
| Unlimited deposits |
| 2 penalty-free withdrawals of up to $50,000 combined during each term (IRA funds excluded) |
| 5 month term |
For more information, contact a Customer Service Representative at 310.375.9000.
Services
Malaga Bank offers convenient services to meet your personal banking needs.
Online Banking with Bill Payer, E-Statements, and Mobile Banking
Malaga Online provides access to your account to transfer funds between your Malaga Bank accounts, track CD balances, make loan payments, advance your line of credit, pay bills and much more. Whether it’s Bill Payer, E-Statements or Mobile Banking, Online Banking makes managing your finances easier and more efficient. E-Statements can be viewed or downloaded and printed as a PDF from your computer or mobile device.
Use key financial tools!
Download your account history directly to Quicken and QuickBooks with Malaga Online via your computer.
Personal Banking Services
…flexible and reliable
- ATM and Chip enabled VISA Debit Cards
- Bank by Mail
- Medallion Signature Guarantee
- Night Depository
- Notary Service
- Safe Deposit Boxes
- Trust Deed Note Collection
Financial Services
…valuable and affordable
- Coupon Redemption
- Direct Deposit
- Overdraft Lines of Credit
- Personal Loans
- Telephone Transfers
- U.S. Savings Bond Redemption
- Wire Transfers
Malaga App
Go Mobile with Malaga Mobile!
Use your Malaga Mobile App with Touch ID or Facial Recognition ID for easy and secure log-ins with redesigned site navigation. New features including Card Control, keeps your Malaga Bank debit cards safe. Update your personal profile quickly and easily. View your account information, pay bills, transfer funds, search account history and more.
Visit the App Store® or Google Play® to download the Malaga Bank app.
Mobile Deposit*
Snap and Deposit.
Depositing your check is now as easy as taking a picture.
Mobile Deposit provides convenience at your fingertips!
*Deposits are subject to verification and not available for immediate withdrawal.
Person 2 Person
P2P allows you to pay anyone, simply and securely, without account numbers; all you need is their email address!
For more information, contact a Customer Service Representative at 310.375.9000.