M&T Bank


Overview / Commentary
716-842-4470
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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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.

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.

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

Application Process Lies

Posted by: senoralili | 7 hours ago

I attempted to open an account with M&T. I had to give all my info and answer security questions. I was rejected immediately because "Our decision to decline your request is based on your previous account history with us." I never ever had an account with them, never walked into a branch, never sullied their floors with my shoes. This upset me enough that I requested my ChexSystems file rating and saw that I had a high numeric score and no negative information on my profile. I have an outstanding FICO score. Their customer service number closes either 9 pm ET or 5 pm ET. I emailed them, no answer. I do NOT like have all my personal data go to an institution, including driver's license number etc and have a total lie for a rejection. DO NOT apply unless you want some company to have all your personal data and answers to security questions and never contact you back. And lie that you were an unreliable past customer....NOT.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #588
Year Established1856
Employees16475
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.63%
Return on Equity - YTD13.02%
Annual Interest Income$1.22B
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$119.6B$118.1B
LoansQ1 2019vs Q1 2018$87.47B$86.48B
DepositsQ1 2019vs Q1 2018$92.03B$92.44B
Equity CapitalQ1 2019vs Q1 2018$15.01B$14.68B
Loan Loss AllowanceQ1 2019vs Q1 2018$1.02B$1.02B
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$1.07B$1.10B
Real Estate OwnedQ1 2019vs Q1 2018$80.6MM$100.5MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$1$100kRelationship Savings
0.02%$1$100kM&T Starter Savings

M&T Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.26%*$10k*$1mMyChoice Money Market (Regular) - 1st 3 months intro rate (New Money)
OTHER TIERS: 0.05% $1 - $10k | 0.20% $1m+
1.26%*$10k*$1mMyChoice Money Market (Premium) - 1st 3 months intro rate (New Money)
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

M&T Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$100k*$1mMyChoice Premium Checking
OTHER TIERS: 0.01% $1 - $50k | 0.03% $50k - $100k
0.01%$1$1mMyChoice Plus Checking

M&T Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.85%$1k$1m18 Month Select Promo CD
1.75%$1k$1m15 Month Promo CD
1.50%$1k$1m12 Month Select Promo CD
1.50%$1k$1m24 Month Select Promo CD
1.50%$1k$1m36 Month Select Promo CD
1.11%$1k$1m60 Month Promo CD
1.01%$1k$1m12 Month Promo CD
0.15%$1k$1m6 Month Select Promo CD
Locations

Availability

Buffalo Area

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