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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M&T Bank Extends $150 and $250 Bonuses Through July 31, 2022 - 5/10/2022

M&T Bank $150 and $250 bonuses for new checking accounts with direct deposit. Available in CT, DC, DE, FL, MA, ME, MD, NH, NJ, NY, PA, VT, VA, WV, based on Zip Code.

M&T Bank Offers $150 and $250 Checking Account Bonuses - 2/3/2022

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M&T Bank $350 MyChoice Premium Checking Bonus Offered Through 1/28/22 - 1/13/2022

M&T Bank $350 MyChoice Premium Checking account bonus offered through 1/28/2022. Available in CT, DC, DE, MD, NJ, NY, PA, VA, and WV, based on Zip Code.

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M&T Bank, Nyack, NY

Posted by: |

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

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

Horrible Bank

On Sunday 10/09/2022 I contacted M&T bank formerly Peoples' United Bank since they did not move any bank statements from People's United to their computer system and only have 60 days worth of transactions online to view. I asked for at least the last years worth of statements. I received a message that the statements were ready but that was only for the month of October. So now I have Sept and Oct of 2022. So I called and spoke to a pleasant customer service rep who said she could not do a full year but could transfer me to a specialist who could probably help. So after all the waiting I speak with the specialist and told her the situation and explained I need this info ASAP. She tells me it's in process since I made the request 2 days ago so I only have 8 more days to wait since it's 10 days for this request. I explained that is not going to work as this is my bank info and I needed for a court case so I legally needed it. She explains that it is my fault that M&T sent a message to the future customers that it was their responsibility to grab their statements from Peoples United and she could not help me. I explained that this was not reasonable and that just because a bank makes a policy - And as I was trying to explain this she hangs up. And it was a definite hang up. I will be closing my account with M&T ASAP. This should have already been done when switching over the systems as was done when People's United took over United bank a few years ago when we had to go through this process then.



Health Grade Components

FDIC Certificate #588
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD0.67%
Return on Equity - YTD5.88%
Annual Interest Income$2.39B
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$203.7B$150.2B
LoansQ2 2022vs Q2 2021$126.6B$95.45B
DepositsQ2 2022vs Q2 2021$173.1B$129.7B
Equity CapitalQ2 2022vs Q2 2021$24.70B$16.32B
Loan Loss AllowanceQ2 2022vs Q2 2021$1.82B$1.57B
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.63B$2.23B
Real Estate OwnedQ2 2022vs Q2 2021$28.3MM$27.3MM
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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 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 Money Market Rates

1.24%$10k-MyChoice Money Market (Regular) - 1st 3 months intro rate (New Money)
1.24%$10k-MyChoice Money Market (Premium) - 1st 3 months intro rate (New Money)
0.02%$1-MyChoice Money Market (Regular)
0.02%$1-MyChoice Money Market (Premium)

M&T Bank Checking Account Rates

0.01%$1-MyChoice Premium Checking
0.01%$1-MyChoice Plus Checking

M&T Bank CD Rates

3.25%$1k$1m18 Month Select Promo CD
3.00%$1k-12 Month Select Promo CD
2.75%$1k-18 Month Promo CD
2.50%$1k-12 Month Promo CD


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