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

M and T online Banking

Posted by: Trellis | Jan 13, 2017

M and T bank is an excellent bank. When I use their online banking, it is easy to see your account summary, transfers, and look at your bank statements. Also, what I like about M and T online banking is they have a setting where if you have bills to pay you can set your online banking account up so the money to pay your bills is taken out of your account every month. Also, when I put money into my checking amount the money is instantly available for me to use. Savings is good to and M and T online banking because it is easy to use, same with money market, CD's and IRAs.

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Health

Health Grade Components

Overall
FDIC Certificate #588
Year Established1856
Employees16878
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD13.17%
Annual Interest Income$2.46B
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$121.1B$117.9B
LoansQ2 2019vs Q2 2018$88.70B$86.59B
DepositsQ2 2019vs Q2 2018$93.18B$90.42B
Equity CapitalQ2 2019vs Q2 2018$15.20B$14.72B
Loan Loss AllowanceQ2 2019vs Q2 2018$1.03B$1.02B
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.02B$1.04B
Real Estate OwnedQ2 2019vs Q2 2018$71.9MM$97.1MM
Rates

Rates for M&T Bank are currently being reviewed.

Locations

Availability



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