Magyar Bank has seven branches in New Jersey. It offers business savings and checking accounts, lending, merchant card services, remote deposit, night depository, cash management, investments, insurance, medical banking, a lock box, and more. In this article, we cover Magyar Bank business checking reviews and fees. Ready to get started? Apply now.
Magyar Bank Business Checking Fees & Rates
The Magyar Bank business checking fees include an overdraft payment of $30 each, a transaction fee of $0.17 per item for those who exceed 200 items each month, and other fees shown in the table below.
|Monthly Fee||No monthly fee|
|Minimum Balance Requirement||No minimum balance requirement|
|Transaction Fee||200 free items per month, $0.17 each thereafter|
|Wire Transfer Fees||Incoming: $10|
Outgoing (domestic): $20
Outgoing (international): $35
|Cash Deposit Fee||Information not available|
|Overdraft Fee||$30 per item|
|ATM Fee||Information not available|
Summary of Magyar Bank Reviews From Around the Web
We compiled online Magyar Bank reviews and found that it is rated 4.2 stars on SmartAsset and 4 stars on Yelp. As of this article’s writing (July 11, 2019), there aren’t many up-to-date positive Magyar Bank reviews online. However, customers who left a review like the convenience of using its Visa cards.
Magyar Bank Network
Magyar Bank has seven branches in New Jersey. You may view its branch locator to check which locations are closest to you.
Magyar Bank Additional Business Banking Services
Magyar Bank also offers the following business services: savings and money market accounts, certificates of deposit, commercial lending, Small Business Administration (SBA) funding, and wealth management. It currently does not offer business credit cards. Find out more about its small business offerings on its website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Commercial Real Estate Loans||✓|
|Business Credit Cards||x|
Best Business Checking Account for Small Businesses
Have you read these Magyar Bank business checking reviews and are still not sure if it’s right for you? Read our business checking account buyer’s guide comparing the top options and learn which bank we named the best business checking account for small businesses.