Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Google Play App Icon

Magyar Bank
Free in Google Play

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Magyar Bank Apple Store App Icon

Magyar Bank
Free in the App Store

Download

Coronavirus Outbreak - Magyar is Ready to Help

stethoscope with money small imageMagyar Bank's top priority during these difficult times is the health and safety of our customers, employees and community at large. We have enacted several measures including social distancing and work-from-home programs to support the guidance outlined by the New Jersey State Government, and our public health officials.

In addition, we encourage you to use our online and mobile banking services and have included information about how to enroll for each below. You will also find information from the SBA about programs they are offering for small businesses that are impacted by this outbreak.

We will be updating this page as things change, so visit often, and follow us on our Facebook, Twitter, and LinkedIn pages.

Drive-Thru and Appointment Only Service At All Locations

All Magyar locations are currently offering Drive-Thru service only. The hours for each location are available here.

If you need to access your safe deposit box, or have a transaction that requires an in branch visit, you may contact the branch directly to make an appointment. The phone number of each branch is available here.

You can complete most of your banking transactions with our Online and Mobile Banking services, and we encourage you to use them during this time.

Special Lobby Hours for Senior Citizens

Magyar is offering Senior Citizens, age 60 and over, special hours to conduct transactions in our lobby in our Headquarters location, 400 Somerset St., New Brunswick. This is by appointment only, and available between 8:00am - 9:00am daily. Please call 732-342-7600 to make an appointment.

Online and Mobile Banking Services

  • Transfer funds between Magyar accounts
  • Pay Bills with Online Bill Pay
  • Check account balances and account history
  • Deposit checks up to $1,000 with our Mobile App

How to Start Using Magyar Bank Mobile Banking

First, you will need to enroll in Magyar Bank's Online Banking before you can download and use our mobile app. If you've not yet enrolled in Online Banking, click here to get started. Then, click on the icon below to download the app from the Google Play Store, or Apple Store.

Google Play Badge

Apple App Store Badge

ATMs

Our ATMs are available 24/7 for cash withdrawals, and you can also check account balances. A complete list of our branch locations can be found here.

Telephone Banking

Magyar's Free Telephone Banking service is available 24 hours a day by calling 1-855-624-2497. You can;

  • Check account balances
  • Transfer funds
  • Retrieve account activity
  • Check to see if a check has cleared
  • Place a stop payment on a check

SBA Disaster Loan Assistance Program

The SBA has established a program to assist small businesses that are impacted by the Coronavirus outbreak. You can visit the SBA website to learn more. As an SBA Preferred Lender, Magyar Bank can help guide you through this program. For assistance, call Craig Sinon at 732-342-7600, ext. 370.

Union County Economic Development Corporation (UCEDC) Crisis Relief Program

In response to the Coronavirus crisis, the UCEDC has established a Crisis Relief Loan Program to assist businesses that are impacted by the crisis. The program is designed to provide broad access to much-needed working capital and features a quick turn-around, no collateral requirements, no pre-payment penalties, and no processing or application fees. Small business owners can borrow up to $15,000 at 2% for up to five years with no collateral requirements to meet their COVID-19 crisis needs. UCEDC is offering two tiers of loans: businesses in operation over two years and with a 680 credit score are eligible to apply for up to $15,000; and businesses with over one year of operations with a credit score greater than 650 are eligible to apply for up to $10,000. For complete details, visit the UCEDC website, or contact your Magyar Bank Relationship Manager.

Protect yourself from scammers

Unfortunately, even during difficult times like these, scammers are looking to take advantage of the situation and fraudulently access your account or personal information. Magyar Bank's staff are trained to identify possible fraudulent activity, and we will continue to monitor the latest trends to ensure your account information remains safe. You can help protect yourself as well, and we're put together a few tips from the FBI to help keep your personal information safe from scammers.

Click here for more details on how you can protect your personal information.

We're Ready to Help

Magyar Bank was founded in 1922, and we’ve seen our share of challenging times. In every case, the Bank, and our community, have come out stronger than ever, and we have no reason to doubt the same will be true this time around.

If you need assistance, or if you or your business has been impacted by the Coronavirus outbreak, please contact your Relationship Manager directly, or call 1-888-990-2265 to speak with a Customer Service Representative Monday – Friday, 8:00am – 6:00pm, and Saturday, 9:00am – 1:00pm.

 

Go to top