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 $350 MyChoice Premium Checking Bonus Offered Through 1/28/22 - 1/13/2022

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M&T Bank, Nyack, NY

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

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.

Still A Current Customer, But I Move Away Later, When Prob Unknown Years Later I Be Back In NYC.

I live near M&T Bank, but my branch closed many year ago. Now left with M&T ATM, & like half a mile a NBT Bank.
Reason why didn't use NBT Bank is, i use to close walking distant ATM, & They about the same. Well prob Customer Service is tiny bit better than M&T. But can't tell due to i don't use them much. Except parents.

Yes, my previous local M&T Bank Branch closed years ago. They were nice.
But this Branch we sometimes go to, which is 20-25 minutes away. The Manager is so rude.
I once helped my parents to open a account to open a safety Box. Bank person, so impatient, when they ask a few questions, i was asking why they asked them. & tried to translate to my parents. (Person who open the account kinda means & kinda keep asking questions.
(Suddenly she gets inpatient.
Then suddenly she talks to Manager, & then comes out Manager who says: You taking so long to open a bank account.
Then say oh you can't translate for your Parents, you have to come another day to make a appointment for a translator & you have to make a appointment on our time.
(This is clearly rejecting us.

(2. time, Many Years ago, i called in to have my card replaced, due to it couldn't swipe, due to i by accident threw my card into a washer.
The Online bank for M&T Bank didn't work properly that day.
So Called.
Asked for Address.
I Didn't know my address, so i gave 3 of them, 1st is a Po box, then address of bar below and my above. Due to my address is kinda messed up, that what landlord told us. Use 2/both addresses. (I gave our my Postal Office Po Box, & 2 addresses in same building - top floor & bar restaurant below.
Person on phone say sorry we cannot send out card.
I like i gave you all my address. & When i try to argue and ask cant they just send out the card to address they have on file. Refused.
ONLY SOLUTION i got that night, was Email them, which did send out my card.

Customer Service - 1 Star, Junk, Rude, & etc.
Mobile App & Online - 3 Star, sometimes work, sometimes not, & i notice they tend to take longer to process than other banks.
Competitive Products - NO, i just got Capital One Credit Card, with No foreign Transaction Fee, (Since i purchase from Amazon JP/Japan & China. & i get charged Fee with M&T debit Card. My Capital One Card got rid of it.

Reasonable Fees: your average Joe,

IDK how i would transfer my money to another account later.
Prob gotta figure out how to order a check, when i switch to a capital one 360 Checking account.

Worst Bank Ever!

Posted by: |

This bank is disgraceful, I was sent a debit card to use money given to me but there was no PIN. It stated that the PIN would be sent in a separate letter, which I never received. I called asking them to help me get the pin. I was told they couldn't help me over the phone and I'd need to visit a branch - there are no branches near me. So I called again, explained the situation and I was told that the card was closed and I should not try to use it - EVEN THOUGH the expiration date on the card is 4 years out - I asked them to reopen it or do something so I could get my money and I was told that there was nothing they could do for me and there was no way for me to get the money... this bank is full of CROOKS!!!



Health Grade Components

FDIC Certificate #588
Year Established1856
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.23%
Return on Equity - YTD11.28%
Annual Interest Income$3.93B
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$154.7B$142.2B
LoansQ4 2021vs Q4 2020$91.37B$96.70B
DepositsQ4 2021vs Q4 2020$133.7B$121.1B
Equity CapitalQ4 2021vs Q4 2020$16.75B$15.92B
Loan Loss AllowanceQ4 2021vs Q4 2020$1.47B$1.73B
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$2.03B$1.89B
Real Estate OwnedQ4 2021vs Q4 2020$23.6MM$34.3MM
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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

0.03%$10k-MyChoice Money Market (Regular) - 1st 3 months intro rate (New Money)
0.03%$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

0.05%$1k-12 Month Select Promo CD
0.05%$1k-12 Month Promo CD


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