There has been an increasing interest in the penetration of magnetic field-assisted machining processes in the industries. Due to the ease of contactless forces, magnetic fields have proved extremely versatile and relatively low cost when considering the potential increase in productivity of existing machining processes that it can provide. In this overview, we review the recent achievements and developments in magnetic field-assisted machining processes and their applications. A wide variety of machining domains are examined including electro-discharge machining (EDM), micro-EDM, electrochemical machining, magnetic-assisted machining and many more. The advantages and limitations of each implementation and potential future research pathways are also discussed.