M&T Bank account review
M&T presents four distinct personal checking account choices with convenient features such as Zelle® and mobile check deposit.
Discover the Benefits of an M&T Bank Account
M&T Bank is a well-established American bank holding company that has been providing community-focused banking services since 1856. With over 1,000 branches and 2,200 ATMs across 12 states, M&T Bank offers a wide range of financial solutions to its customers.
As of December 31, 2022, M&T Bank had total assets of $201 billion and deposits of $164 billion. It takes pride in combining the capabilities of a large bank with the personalized care and attention of a locally-focused institution. With approximately 22,000 employees, M&T Bank is committed to providing excellent customer support through its 24/7 general customer service phone line and the convenient M&T Mobile Banking app.
Explore M&T Bank Checking Accounts
EZChoice Checking
Account Features:
- No monthly maintenance charge
- Send Money with Zelle
- Custom Debit Card
- M&T Online & Mobile Banking
- Mobile Deposit
- Digital Wallet payment capability with apps like Apple Pay®, Google Pay™, Samsung Pay, and Garmin™
- M&T Alerts
MyWay Banking
MyWay Banking is a checkless account that eliminates the worry of overdraft fees or bounced checks. It offers the conveniences of traditional checking accounts, including online bill pay. The account has a monthly maintenance charge of $0 when customers have at least one transaction during each monthly service charge cycle, such as a deposit, withdrawal, or debit payment. If requirements are not met, a $4.95 monthly charge applies.
Account Features:
- No Overdraft Fees
- Online and Mobile Bill Pay
- Send Money with Zelle
- Checkless Account
- M&T Debit Card with custom card option
- Mobile Deposit
- Digital Wallet payment capability with apps like Apple Pay®, Google Pay™, Samsung Pay, and Garmin™
- M&T Alerts
MyChoice Plus
MyChoice Plus offers a premier account without the premier price. Customers can enjoy ATM surcharge rebates from non-M&T ATMs and earn interest. The monthly maintenance charge is $0 when maintaining an average daily balance of $2,500 or more or receiving direct deposits totaling $1,500 or more during each monthly service charge cycle. Failing to meet these requirements results in a $14.95 monthly maintenance charge.
Account Features:
- No Fee at non-M&T ATMs & Rebates of Other Banks’ ATM Fees
- Interest-bearing
- Discounted Personal Loan Rates
- Zelle®
- M&T Debit Card with custom card option
- M&T Online & Mobile Banking
- Mobile Deposit
- Digital Wallet payment capability with apps like Apple Pay®, Google Pay™, Samsung Pay, Garmin™ and Fitbit Pay™
- M&T Alerts
MyChoice Premium Checking
MyChoice Premium Checking is the best account offered by M&T Bank, providing customers with premium features and benefits. The monthly maintenance charge is $0 per month if maintaining an average daily balance of $7,500 or more per monthly service charge cycle or having combined average daily balances of $25,000 or more in eligible accounts. Not meeting these requirements incurs a $24.95 monthly fee.
Account Features:
- No Fee at non-M&T ATMs & rebates of other banks’ ATM fees
- MyChoice Money Market Account with no monthly maintenance charge
- Free Standard Check Orders
- No fee for overdraft protection transfers
- Safe deposit box discount
- No M&T fee for incoming foreign and domestic wire transfers
- Special deposit interest rates
- Interest-bearing
- Discounted Personal Loan Rates
- Zelle®
- M&T Debit Card with custom card option
- M&T Online & Mobile Banking
- Mobile Deposit
- Digital Wallet payment capability with apps like Apple Pay®, Google Pay™, Samsung Pay, Garmin and Fitbit Pay
- M&T Alerts
Other Standard Features Offered by M&T Bank:
- Direct Deposit
- M&T’s Easy Save
- FDIC-insured up to maximum limits
- Online and Mobile Bill Pay
- Access to 700 M&T branches and 1,800 ATMs
- 24-hour Automated Banking Service by phone
- Monthly statements – paper and electronic delivery options
- Overdraft Protection
Learn How to Apply for an M&T Bank Account
To apply for an M&T Bank checking account and take the next step in the process, follow these simple steps:
