Magyar Bank will give a $50 bonus to both current customers and their referrals who open a new checking account with direct deposit.
Magyar Bank Checking Review: $50 Referral Bonus
Here are the Checking Account Options Magyar Bank has to offer. You will also benefit from:
- FREE Online Banking and Bill Pay
- FREE Telephone Banking
- FREE Magyar Bank Debit Card with no annual fee
- FREE ATMs – Magyar will reimburse you for fees charged by other banks for using their ATMs if you open a Free Checking acount with direct deposit!
See more details on Magyar Bank’s Refer A Friend promotion! When you share your Magyar experience with friends and they open a new checking account with direct deposit, you will both receive a $50 bonus.
Availability: Based in New Jersey, Magyar Bank has branch offices in Branchberg, Bridgewater, Edison, New Brunswick, North Brunswick, and South Brunswick. You can also call 1-888-990-BANK, or send an email to firstname.lastname@example.org for more information.
- Referring customers must have an existing Magyar Bank checking account to get the bonus.
- Fill out the top portion of a Refer-a-Friend form and give it to your friends. Tell them to take it with them when they open a checking account with a minimum deposit of $100 at any Magyar Bank branch.
- To receive the bonus, the newly referred customer must not be a current personal checking customer, or have been a signer on a Magyar checking account that was closed within the past 90 days.
- The new checking account must be an initial account. This offer is not valid on second or multiple accounts.
- Direct Deposit must be set up with the first direct deposit transaction taking place within 90 days of account opening.
- The $50 bonus will be paid to both parties within 4-6 weeks of direct deposit confirmation. IRS regulations require that the bonus be reported as interest.
- Referring customer and new customer may not be from the same household. Cannot be combined with any other offer.
This offer may be withdrawn any time without notice so start telling your friends about banking with Magyar. When you refer a friend who opens a new Magyar Bank checking account with direct deposit, you can both earn a $50 reward so start telling your friends today!
Please see our list of Bank Bonus Promotions to stay current on bank deals and offers that earn you money.