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One M & T Plaza
Buffalo, NY 14203

M&T Bank is a publicly traded (NYSE: MTB), New York-based bank that offers an array of personal, business, and commercial banking products and services. With over 15,000 employees, and tens of billions of dollars in assets, M&T is one of the largest commercial banks in the United States.

On its personal banking side, M&T Bank offers checking, savings, Money Market, and Certificate of Deposit (CD) accounts, as well as investment guidance, retirement planning, and web trading services. Checking account options are numerous and range from free and basic to premium and interest bearing. The bank’s free and college checking account options are very similar and come with no monthly fees and a check card. The premium checking account offers minimal interest and has a monthly service charge that can be avoided by either keeping a minimum account balance or taking out a mortgage loan with the bank. All of M&T Bank’s checking accounts allow account holders to avoid an insufficient funds charge when the violating purchase is less than $5. A savings account is available with a low yield and a monthly service charge unless certain requirements are met. Two Money Market account options are available: one MMA has no monthly service fee but offers a low interest rate, and the other MMA offers more competitive rates with a monthly service charge. Certificates of Deposit (CDs) are available in term lengths ranging from 6 to 60 months.

M&T Bank online banking provides a secure system for account holders to view past transaction history, transfer funds, pay bills, and set account alerts. The M&T website is optimized for mobile banking, and the bank has released a smartphone app to make it easy and convenient to perform the above tasks while on the go.

M&T Bank was originally established in 1856 and is headquartered in Buffalo, New York. The bank is a subsidiary of M&T Bank Corporation, a bank holding company that has grown substantially through numerous acquisitions of financial institutions in the past 25 years. M&T Bank maintains a multitude of branches located throughout the Midwest, Northeast, and parts of south Florida.

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M&T Bank $150 Checking Bonus Extended - 3/2/2017

M&T Bank has extended its $150 checking bonus through June 30, 2017. Available in-branch and online in CT, DC, DE, FL, MD, NJ, NY, PA, VA, and WV.

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M and T online Banking

Posted by: Trellis | Jan 13, 2017

M and T bank is an excellent bank. When I use their online banking, it is easy to see your account summary, transfers, and look at your bank statements. Also, what I like about M and T online banking is they have a setting where if you have bills to pay you can set your online banking account up so the money to pay your bills is taken out of your account every month. Also, when I put money into my checking amount the money is instantly available for me to use. Savings is good to and M and T online banking because it is easy to use, same with money market, CD's and IRAs.

Best everyday bank and beyond

Posted by: Kevvo | Oct 26, 2016

Great customer service throughout its many branches. Amazing online banking and mobile. Has an easy to use ability, great look and feel. Offer many good products with great rates and free checking and savings accounts including promotions such as free $150.00 with direct deposit in a checking account.

M&T Bank Meets Expectations and Nothing More

I signed up for M&T Bank's Free Checking account when they offered it in a promotion. I didn't want to be charged any hidden fees, and this option seemed like a good choice for basic banking. Over the course of my time with the bank, I have encountered no mistakes or blunders. At first, I was always going into the physical branches to withdraw money. The tellers were not friendly or helpful, but I don't expect much from any customer service representatives anymore. Next I learned about their ATM's, and I really loved the convenience and speed of these machines. My only complaint here is that they have changed ATM policies a few times. Initially, I could only get twenty dollar denominations and nothing lower. This was unacceptable, but I accepted it. A few years ago, they started giving out five dollar denominations, which was welcomed. However now I am always getting loaded up with smaller bills, even when I want to withdraw a couple hundred bucks. I signed up for online banking to keep track of things from home, and the process was simple. The website is hardly ever down for maintenance, and it is usually up-to-date with my deposits and withdrawals. My only complaint here is that the interface and look of the web banking is ancient and crude. They don't seem to have a modern technical department, and you could never call their operations cutting-edge. All in all, M&T Bank is a no-frills local bank. They have a ton of physical branches in western New York, and that is good enough for me.

Unreasonable Fees

M&T Bank was one of the first banks I had a checking/savings account with, and while they are very professional and have a very responsive and efficiente customer support, their products and fees are not up to today's standards. The overdraft fee is quite high compared to other local banks and unions, and their savings account do not yield as much interest as I had hoped. Also, their cellphone app was very outdated and difficult to use, definitely something that I was unhappy with because I definitely missed having the option of seeing my balance, among other things, online. As a first bank for a teenager or young adult who's starting out in the financial world, this isn't that bad of an option, but you should definitely switch to a bank or union with better fees and product options eventually.



Health Grade Components

FDIC Certificate #588
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.14%
Return on Equity - YTD9.61%
Annual Interest Income$1.00B
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$122.7B$124B
LoansQ1 2017vs Q1 2016$88.05B$86.56B
DepositsQ1 2017vs Q1 2016$98.76B$95.32B
Equity CapitalQ1 2017vs Q1 2016$14.57B$15.31B
Loan Loss AllowanceQ1 2017vs Q1 2016$996.9MM$958.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.34B$1.49B
Real Estate OwnedQ1 2017vs Q1 2016$118.0MM$185.7MM
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Always verify rates and promotions with the bank or credit union. We are not M&T Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

M&T Bank Savings Account Rates

0.02%-$2,500Relationship Savings
0.02%-$2,500M&T Starter Savings

M&T Bank Money Market Rates

1.26%*$10k*$1mMyChoice Money Market (Premium) - 1st 3 months intro rate
OTHER TIERS: 0.05% Up to $10k | 0.20% $1mm+
1.26%*$10k*$1mMyChoice Money Market (Regular) - 1st 3 months intro rate
OTHER TIERS: 0.05% Up to $10k | 0.20% $1mm+
0.47%*$100k*$1mMyChoice Money Market (Premium)
OTHER TIERS: 0.05% Up to $10k | 0.20% $1mm+ | 0.36% $10k - $25k | 0.39% $25k - $50k | 0.43% $50k - $100k
0.39%*$50k*$1mMyChoice Money Market (Regular)
OTHER TIERS: 0.04% Up to $10k | 0.13% $1mm+ | 0.34% $10k - $25k | 0.36% $25k - $50k
0.05%-$2,500M&T e-Money Market

M&T Bank Checking Account Rates

0.05%*$100k*$1mMyChoice Premium Checking
OTHER TIERS: 0.01% Up to $50k | 0.03% $50k - $100k
0.01%--M&T Classic Checking
0.01%--MyChoice Plus Checking

M&T Bank CD Rates

1.11%$1k-60 Month Promo CD
0.90%$1k-36 Month Select Promo CD
0.50%$1k-24 Month Select Promo CD
0.40%$1k-18 Month Select Promo CD
0.30%$1k-12 Month Select Promo CD
0.15%$1k-6 Month Select Promo CD

M&T Bank has 796 locations. Click to view all M&T Bank locations.