Business Checking
Now, deposits in a Magyar Free Business Checking Account are fully insured by the FDIC, regardless of balance.
On October 14, the FDIC announced they will insure all non-interest bearing deposit transaction accounts, regardless of balance, through the end of 2009. Of course, you still choose from any of Magyar's Business Checking Accounts that best meets your needs.Free Business Checking
Ideal for businesses with low balances or low transaction activity, this account requires only $100 to open.
- Free - no monthly maintenance fee, regardless of balance
- 150 free transactions per statement cycle; $.17 for each transaction over 150
- Free check images
- Free Online Banking
- Business Debit card with no annual fee
- Unlimited FDIC Insurance, regardless of balance, through Dec 31, 2009.
Business Analysis Checking
For businesses that keep a higher balance in their account, or have a high level of account activity, this account gives you the flexibility you need.
- Free check images
- Free Online Banking
- Business Debit card with no annual fee
- An earnings credit is applied to your account balance to offset service costs
- $20 monthly maintenance fee
- $100 to open
Non-Profit Checking
- Free Online Banking
- Business Debit card with no annual fee
- No monthly service fee and unlimited check writing
- Only $1 to open
- Free check images
Non-Profit Checking with Interest
- Free Online Banking
- Business Debit card with no annual fee
- Free check images
- All the benefits of Non-Profit checking, plus you'll earn interest on balances of $1,000 or more.
- Only $100 to open
Sole-proprietor Checking
- Free Online Banking
- Business Debit card with no annual fee
- Free check images
- $100 to open with Unlimited check writing
- $1,000 minimum balance required to avoid $8/month service fee
- Account earns interest on balances of $1,000 or more
Business Step Money Market
- $1,000 minimum deposit to open
- Free Online Banking
- $10,000 minimum balance required to avoid $12/month service fee
- Account earns interest on balances of $1,000 or more
- Free first box of checks and Free check images
- Make up to 6 withdrawals per statement cycle of which 3 can be checks to a third party
For more information, stop by any branch location or call 1.888.990.BANK.
