Personal Checking

Magyar Bank has a complete line of Simply MAGnificent checking
accounts to choose from. Select the one which best fits your needs.

All of our checking accounts come with:

Online Banking & Bill Pay
Mobile Banking
Magyar Debit Card
eStatements
Direct Deposit

Visit any Magyar Bank location, call 1-888-990-BANK or complete our contact form for more information and to open your account

Magyar Free Checking

Sign up for Direct Deposit and we’ll rebate your ATM surcharges at statement cycle.

$100 Minimum to Open
No Monthly Maintenance Fee

Magyar Interest Checking

For customers looking to earn interest on their money.

$100 Minimum to open
No Monthly Maintenance Fee with direct deposit, otherwise free for the first year then $10 if the daily balance drops below $1,000
Earn interest on your accounts – check our current rates

Magyar Premium Checking

For customers who keep a higher balance in their checking account.

$100 Minimum to Open
No Monthly Maintenance Fee with direct deposit, otherwise free for the first year then $20 if the daily balance drops below $10,000
Earn interest on your account – check our current rates

Student Checking

For parents with teenage children that need a checking account with a Debit Card.

Available to children age 12-17
No Monthly Maintenance Fee
$50 minimum balance to open account
Magyar Debit Card with Fraud Protection through Magyar Mobile App
- Set up transaction alerts
- Turn your card on or off
- Set up rules on where the card can be used, and transaction limits

NJ Consumer Checking

Magyar’s most basic checking account.

$50 Minimum to Open
$3.00 Monthly Maintenance Fee
Up to eight checks per month, then $.50 for each check over eight.

Second Chance Checking

For individuals with credit or other issues that may have prevented them from opening a checking account.

$100 Minimum to Open
No minimum balance requirement.
$10 Monthly Maintenance Fee ($9 Monthly Maintenance Fee with direct deposit)
Magyar Debit Card with no annual fee.
$500 limit for ATM withdrawals, and $250 limit for point of sale
No Check writing allowed in this account

Second Chance Plus Checking

For individuals who were in Second Chance Checking for at least 12 months and are in good standing

No minimum balance requirement. $10 Monthly Maintenance Fee ($9 Monthly Maintenance Fee with direct deposit)
Magyar Debit Card with no annual fee.
$500 limit for ATM withdrawals, and $250 limit for point of sale
Unlimited Check writing
$100 Minimum to open

Click below for the current Magyar Bank fee schedule