MagNet Bank API Access & Open Banking in Hungary

Reaching your MagNet Bank accounts programmatically no longer means wrestling with eIDAS certificates or PSD2 sandboxes. open-banking.io links your Hungarian MagNet Bank profile to a single dashboard and keeps every byte encrypted with a key that never leaves your device. Whether you hold a personal or a business account, you get read access to balances and transactions without handing anyone your credentials or your data.

How to connect MagNet Bank

Connecting happens entirely inside the open-banking.io dashboard — there is no code, no API key, and no endpoint to call at this stage.

  1. Sign up at open-banking.io and set an encryption passphrase. Your keys are generated locally, so only you can later unlock what syncs in.
  2. In the dashboard, choose MagNet Bank and pick the account type you hold — personal or business.
  3. You are redirected to MagNet Bank's own secure login, where you approve access on the bank's PSD2 consent screen. That consent lasts up to 180 days, after which you simply reauthorise.
  4. Your MagNet Bank accounts sync straight into your dashboard, ready to view.

Because approval takes place on MagNet Bank's own pages, open-banking.io never sees your banking password.

Access your data

Once the connection is live, developers can optionally read it in code. On the Developers page, create an API key and export a credentials.json — this bundles the API key together with your private decryption key. From there, use the CLI (openbanking accounts, openbanking transactions, openbanking sync), an SDK, or the REST API. Every request is authenticated with the X-Api-Key header, and each response is decrypted locally with your own key. The API key alone only ever returns ciphertext — without your private key, nobody, including open-banking.io, can read a single figure.

This is what zero-knowledge means in practice: the servers store only your public key. No certificates, no shared secrets — just about EUR 3 per month for the whole service.

FAQ

Does MagNet Bank have a BIC on open-banking.io?

No BIC is listed for MagNet Bank here; you select the bank by name in the dashboard, so no code is needed to connect.

Can I connect a MagNet Bank business account?

Yes. Both business and personal MagNet Bank account types are supported through the same dashboard flow.

Can the CLI connect my bank for me?

No. The CLI and SDKs only read or sync connections you have already approved in the dashboard — there is no connect command.

Ready to reach your MagNet Bank data safely? Start at https://open-banking.io.