M&T Bank

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.

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12 Month CD @ 5% - 7/24/2023

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User Error Not The Bank

Posted by: |

Im reading all the bad reviews dying laughing at all the people blaming the bank who's following their rules for their stupidity. Take some responsibility once in awhile and realize the world doesn't revolve around you. And english is a must in the USA otherwise your fault. This country really needs to atop catering to non english speaking folks.
Anyway i agree their fees are excessive but just bank correctly and you won't have to deal with that and/or pay them fees. M&T has actually been a great bank for me and all the others have done me dirty. A block on overdrafts is imperative and should be used when i want it. M&t has where other banks go transaction crazy charging fee after fee just to increase that bill. Ive lost respect for most banks but m&t still keeps me going thankfully. When using your head regarding stuff and following their policies it's a good bank to use for direct deposit though they wait until the last second to release funds and to pay bills. Zelle is a bonus. For typical everyday money stuff they've been ok to me so far.

Hot Garbage

Posted by: |

Good customer service but the actual services are extremely limited. Mobile app is grossly lacking as well as online banking. Falls short on so many services

Lost Contact Information

Posted by: |

My mortgage was just sold to M&T bank and the experience so far has been horrible. When they assumed the mortgage they lost my information, so when there was a payment error I did not receive word or notice. I found out from Experian that I had a missed payment.

When I called to have the issue fixed, they misled me to believe that we could dispute the charge through the credit monitoring services, and then nothing changed when we did so. The decision to fix my credit is actually %100 in their hands.

If you have any choice (unfortunately I do not get to decide who owns my mortgage) I would strongly recommend picking any other bank

M&T Bank, Nyack, NY

Posted by: |

Very friendly and very efficient service. Expert advice on mortgages and bank account strategies.



Health Grade Components

FDIC Certificate #588
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.41%
Return on Equity - YTD11.53%
Annual Interest Income$4.84B
Assets and Liabilities
AssetsQ2 2023vs Q2 2022$207.1B$203.7B
LoansQ2 2023vs Q2 2022$131.4B$126.6B
DepositsQ2 2023vs Q2 2022$165.3B$173.1B
Equity CapitalQ2 2023vs Q2 2022$25.06B$24.70B
Loan Loss AllowanceQ2 2023vs Q2 2022$2.00B$1.82B
Unbacked Noncurrent LoansQ2 2023vs Q2 2022$2.47B$2.63B
Real Estate OwnedQ2 2023vs Q2 2022$36.7MM$28.3MM
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† 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

0.01%$1$1mRelationship Savings
0.01%$1$1mM&T Starter Savings

M&T Bank Checking Account Rates

0.01%$1$1mMyChoice Premium Checking
0.01%$1$1mMyChoice Plus Checking

M&T Bank CD Rates

5.00%$1-8 Month Promo CD
4.50%$1-12 Month Select CD
4.50%$1-24 Month Select CD


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