Magnetic Money Clip?

No! The reason why is that they can ruin your magnetic strip on your credit cards or bank cards. It happended to someone I know. There are still many magnetic money clips on the market and they work fine unless you use then to carry cards with magnetic strips. This is something to take into consideration. An alternative is a Titanium money clip. The springy nature of titanium makes the clip hold tightly to your last dollar bill.