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

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

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.

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

25 Wasted Years

Posted by: |

I was a customer of this bank 25+ years. Have a credit line of $12,500 associated with my bank account. I was the payroll clerk of the school districts of Maine Endwell and Deposit in Broome County at Boces in Endicott. During covid I lost my job. If people aren't getting paid, you don't need to pay people to pay them. Just a few partial payments on the M&T credit card until I got a new job and they closed the credit line with a $11,000 balance on it, & jacked my interest up as high as legally possible. Have a 4 year old girl to house and feed. Destroyed me. All lines of credit I had with 0 balances fell like dominoes. My credit rating went from 750 to 550 and even to this day my credit reflects as near 300% usage. Only one left standing Sears, a retail credit card with a line of $5,000. A card I've had 21+ years. Sad I can depend on a citibank retail credit card more than my own bank. Can't believe their slogan is "understanding what's important." Gotta be a joke. My only real mistake is not looking for a personal loan to pay off M&T as of yet and make sure they don't get 2 cents of mine again..



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

0.60%$10k-MyChoice Money Market (Regular) - 1st 3 months intro rate (New Money)
0.60%$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

0.30%$1k-12 Month Select Promo CD
0.30%$1k-12 Month Promo CD


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