Magnet Bank
Magnet Bank has been operating profitably for more than 27 years and is owned 100% by Hungarians. The main focus of the bank is to support the realisation of projects that improve the world, having a positive and beneficial impact on the society and the planet. Money is perceived as an instrument rather than a goal per se. In 2019, the bank won the Infinity Award for the Socially Responsible Bank of the Year, awarded by MasterCard. The clients of MagNet Bank are true partners because: they can determine for what purpose the bank uses their deposited money, they actively support the local community, they calculate and share the Bank’s profits, and they choose which civil society organisations to support with one given – yearly changing – portion of the bank’s profit.
Details
Account Features
- Business Banking
- Current Account
- Retail Banking
- Small Business Lending
- Mortgages
- Online Banking
- Personal Loans
- Savings Account
- Term Deposit
Designations
-
Global
Alliance
for
Banking
on
Values
(GABV)
The Global Alliance for Banking on Values is an independent network of leaders from financial institutions. They work to change the system by making it transparent and supporting social, environmental, and economic sustainability.
Bank Type
- Depository Bank
Rates and fees are variable and often change. For the most up to date information, visit the institution’s website.
