Overview / Commentary
345 Main Street
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.

Related Posts

2.75% APY 2-Year CD Special w/Checking At M&T - 6/25/2018

To open an M&T Select® CD, customer must have or open a MyChoice Premium? Checking, M&T Select®, M&T Select® With Interest, Employee M&T Select® With Interest or Power Checking account. For promotional CD offers, the minimum deposit required to open the account is $1,000 of money not already on deposit at M&T Bank. https://www.mtb.com/banking/savings-cds/savings-account-cd-options/certificates-of-deposit-cds

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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.

Pretty good, easy to navigate and use

Posted by: karipage | Feb 17, 2018

M&T Bank is a pretty good bank I think. The service at my branch is really good and the employees are very nice, but the online website is pretty great as well. What I use the most is the usually instant transfer option to put money from my savings into my checking account. The website is also extremely easy to navigate so nobody should have any problem using it. Other than transferring money and checking my statements, I'm afraid I haven't really used too much else of the website though. At least the layout is great though. Also, I definitely prefer using the online banking statements. It saves paper and with the website so easy to navigate, I have no excuse not to use it.

M and T Bank

I had had a checking and savings account with them for over 5 years with no issues. All of a sudden I'm getting overdrafts, 1 or 2 a week. I know I'm being careful and watching what I spend and what gets deposited when. $40 overdraft fee, times 2 is ridiculous. So I go to my local branch and speak with them about this issue, they agree to remove the overdraft charges and I contentedly left. It happens again the following week only this time they won't remove the fee and expect me to pay it. Furious I started looking over my bank statement comparing it to the days I did actual transactions and I realized that the dates of my purchases weren't in the right order. If they would have been my direct deposit would have been in and everything would have been covered. Instead of taking out my purchases in order, they arranged them so I would get an overdraft. Going back 3 weeks I see they have been doing this for awhile. I bring this to the bank managers attention and am given a bunch of excuses. I closed my account and haven't been back

Big Mistake

The manager from Pittston branch is the rudest person... I went to her for help and she accused me of yelling at her, told me to balance my own check book, it's my problem, can't help and than dismissed me from the bank after being a customer for about 20 years, I just ordered 40 dollars worth of checks which are no good, I give them a O O O



Health Grade Components

FDIC Certificate #588
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD13.28%
Annual Interest Income$3.37B
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$116.4B$119.9B
LoansQ3 2018vs Q3 2017$85.49B$86.67B
DepositsQ3 2018vs Q3 2017$90.73B$95.15B
Equity CapitalQ3 2018vs Q3 2017$14.75B$14.78B
Loan Loss AllowanceQ3 2018vs Q3 2017$1.02B$1.01B
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.11B$1.20B
Real Estate OwnedQ3 2018vs Q3 2017$86.0MM$108.6MM
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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%$1$100kRelationship Savings
0.02%$1$100kM&T Starter Savings

M&T Bank Money Market Rates

1.26%*$10k*$1mMyChoice Money Market (Regular) - 1st 3 months intro rate
OTHER TIERS: 0.05% $1 - $10k | 0.20% $1m+
1.26%*$10k*$1mMyChoice Money Market (Premium) - 1st 3 months intro rate
OTHER TIERS: 0.05% $1 - $10k | 0.20% $1m+
0.47%*$100k*$1mMyChoice Money Market (Premium)
OTHER TIERS: 0.05% $1 - $10k | 0.20% $1m+ | 0.36% $10k - $25k | 0.39% $25k - $50k | 0.43% $50k - $100k
0.39%*$50k*$1mMyChoice Money Market (Regular)
OTHER TIERS: 0.04% $1 - $10k | 0.13% $1m+ | 0.34% $10k - $25k | 0.36% $25k - $50k
0.05%$1$1mM&T Money Market

M&T Bank Checking Account Rates

0.05%*$100k*$1mMyChoice Premium Checking
OTHER TIERS: 0.01% $1 - $50k | 0.03% $50k - $100k
0.01%$1m-MyChoice Plus Checking

M&T Bank CD Rates

3.25%$1k-36 Month Select Promo CD
3.00%$1k-24 Month Select Promo CD
2.75%$1k-18 Month Select Promo CD
2.50%$1k-12 Month Select Promo CD
1.40%$1k-12 Month Promo CD
1.11%$1k-60 Month Promo CD
0.15%$1k-6 Month Select Promo CD


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