M&T Bank Review – Quality Banking Products for Everyday Use

M&T Bank is one of the top 20 largest banks in the United States, offering a wide range of banking products and services to consumers and businesses. With over 700 branches across eight states and Washington D.C., M&T provides traditional banking solutions as well as innovative digital services. This detailed M&T Bank review covers everything potential customers need to know about their banking, lending, and wealth management offerings.

Introduction to M&T Bank

M&T Bank Corporation is headquartered in Buffalo, NY and has been in business since 1856. They have grown steadily through strategic mergers and now operate more than 700 branches in Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington, D.C., and West Virginia.

As a regional bank, M&T offers all the products and services of a national bank with the personalized service and local expertise customers expect. M&T focuses on building lasting relationships and providing quality solutions tailored to individual needs.

Some key highlights about M&T Bank:

  • Offers full-service retail, commercial, and wealth management solutions.
  • Has an A- credit rating from Standard & Poor’s.
  • Employs over 17,000 people.
  • Has close to $142 billion in assets under management.
  • Ranked #21 on the list of largest banks in the US.

Whether you are an individual, family, business owner, or corporation, M&T has solutions to meet your unique financial needs. Keep reading this in-depth review to learn more about their products.

M&T Bank Personal Banking Products

M&T Bank offers a robust suite of personal banking solutions including checking accounts, savings accounts, debit/ATM cards, credit cards, mortgages, home equity loans, personal loans, and more.

M&T Bank Checking Accounts

M&T offers several checking account options to meet different needs:

M&T Advantage Checking

  • Minimum opening deposit $50
  • No monthly maintenance fee
  • Unlimited check writing
  • Free ATM access at M&T ATMs
  • Online/mobile banking and bill pay
  • Earns interest

M&T Premium Checking

  • Minimum opening deposit $500
  • $25 monthly maintenance fee (waived with $5,000 minimum daily balance)
  • Unlimited check writing
  • ATM fee rebates up to $15 per statement cycle
  • Free checks
  • Preferred rates on lending products

M&T Absolute Checking

  • Minimum opening deposit $500
  • $25 monthly maintenance fee
  • Unlimited check writing
  • ATM fee rebates
  • Free standard checks
  • Preferred CD rates
  • Private banking services

M&T Totally Free Checking

  • No minimum balance
  • No monthly maintenance fees
  • Unlimited check writing
  • No overdraft fees

M&T also offers accounts for students, new graduates, and people over 50.

M&T Bank Savings Accounts

Whether you want to build an emergency fund, save for a big purchase, or make money on idle cash, M&T has a savings option for you.

M&T Statement Savings

  • Minimum opening deposit $25
  • Low $2 monthly maintenance fee
  • Quarterly statements
  • Earns interest

M&T Premium Savings

  • Minimum opening deposit $100
  • No monthly maintenance fee
  • Tiered interest rates on higher balances
  • Allows 3 free withdrawals per month

M&T Platinum Savings

  • Minimum opening deposit $2,500
  • No monthly maintenance fee
  • High interest rate tiers
  • Allows 6 free withdrawals per month

M&T Minor Savings Account

  • For children under 18
  • No minimum opening deposit
  • No monthly maintenance fees
  • Interest earning

M&T Bank Certificates of Deposit (CDs)

M&T offers CD terms ranging from 3 months to 5 years so you can find the ideal maturity for your savings goal.

CD Options:

  • Terms from 3 months to 5 years
  • Minimum opening deposit $500
  • Competitive interest rates
  • No maintenance fees
  • Auto-renewal option

You can easily open CDs at your local M&T branch or online/mobile banking. M&T also offers IRA CDs for retirement savers.

M&T Bank Credit Cards

M&T offers three Visa consumer credit cards with no annual fees, customizable rewards, and competitive rates.

M&T Visa Signature Credit Card

  • Earn unlimited 1.5x rewards points on all purchases
  • Intro 0% APR for 12 months on purchases and balance transfers
  • No annual fee and no foreign transaction fees

M&T Visa Platinum Credit Card

  • Earn 5x rewards points on gas, groceries, and dining
  • 0% Intro APR for 12 months
  • 8.99% – 18.99% Variable APR after the intro period
  • No annual fee

M&T Visa Rewards Credit Card

  • Earn 3x points on dining, 2x on gas and groceries
  • 0% Intro APR for 12 months
  • No annual fee

Card benefits include online account access, credit score monitoring, and more.

M&T Bank Personal Loans

Whether consolidating debt, financing a large purchase, or covering unexpected expenses, M&T offers personal loan solutions.

Personal Loans

  • Fixed rates from 6.99% – 18.00% APR
  • Borrow $10,000-$100,000
  • Terms up to 72 months
  • No application fees
  • Funds available next business day

Preferred Personal Loans

  • Exclusive discounted rates for select customers
  • Borrow up to $50,000
  • 7-year terms
  • Reduced fees

Personal Lines of Credit

  • Access available credit as needed
  • Low introductory rate
  • Competitive variable APR after intro rate expires
  • Draw period up to 10 years

Quick, easy online personal loan applications. Speak to a banker about preferred options.

M&T Bank Auto Loans

M&T makes financing a new or used car simple and affordable.

New Auto Loans

  • 100% financing available
  • Terms up to 72 months
  • Competitive fixed rates from 2.74% APR

Used Auto Loans

  • Financing for model years 2012 or newer
  • 100% financing available
  • Terms up to 72 months
  • Rates from 3.24% APR

Auto Loan Refinancing

  • Refinance an existing auto loan from another lender
  • Potentially lower your rate and payment
  • Flexible terms up to 72 months

RV and Boat Loans

  • Financing for new and used RVs, boats, ATVs, and more
  • Borrow up to 100% of the purchase price plus taxes/fees
  • Terms up to 240 months

Easy online auto loan applications or apply at your local branch. Pre-approvals available.

M&T Bank Mortgages and Home Equity Loans

Whether you’re buying your first home or refinancing, M&T offers competitive mortgage solutions.


  • Fixed and adjustable rates with competitive pricing
  • Low down payment options
  • Jumbo mortgages up to $3M
  • Streamlined refinance options

Home Equity Loans & Lines of Credit

  • Fixed or variable rates as low as 3.99% APR
  • Loans up to $500,000
  • 10-year draw period and 15-year repayment term

M&T makes the home lending process smooth and understandable. Get pre-qualified online or make an appointment with a mortgage specialist.

M&T Bank Business Banking Solutions

In addition to banking products for individuals and families, M&T also provides robust solutions for business banking needs.

M&T Small Business Checking

M&T offers several checking accounts tailored to small businesses.

M&T Simple Business Checking

  • No minimum balance
  • No monthly maintenance fee
  • 250 free transactions per month
  • Free online banking and bill pay

M&T Select Business Checking

  • $100 minimum opening deposit
  • $12 monthly maintenance fee
  • 500 free transactions per month
  • Premium online banking tools

M&T Premier Business Checking

  • $500 minimum opening deposit
  • $30 monthly maintenance fee
  • Free domestic and international wires
  • 1,000 free transactions per month

Shared branches and ATMs across all M&T locations. Digital banking platform with robust features.

M&T Business Savings Accounts

Convenient savings options help businesses earn interest on idle funds.

M&T Business Statement Savings

  • $100 minimum opening deposit
  • $5 monthly maintenance fee
  • Tiered interest earnings
  • Allows 6 free withdrawals/transfers monthly

M&T Business Money Market Savings

  • $2,500 minimum opening deposit
  • $12 monthly maintenance fee
  • High interest tiers
  • Checks and debit card available

Manage funds easily through online or mobile banking. FDIC insured up to applicable limits.

M&T Business Loans and Lines of Credit

Access financing fast for any business need with flexible loan and line of credit solutions.

Term Loans

  • Borrow $10k-$5 million
  • Fixed rates and terms up to 10 years
  • Use for working capital, equipment, renovations

Business Lines of Credit

  • Borrow as needed up to approved limit
  • Interest-only payments on outstanding balance
  • Flexible access to funds

SBA Loans

  • Financing under SBA 7(a) and 504 programs
  • Low down payments
  • Long repayment terms
  • Use for most business purposes

Talk to an M&T business banker about financing options for your needs.

M&T Business Credit Cards

Manage expenses easily with a customizable Visa for your business needs.

M&T Visa Business Credit Card

  • Earn 1 point per $1 on all purchases
  • Redeem points for cash back, travel, gift cards
  • Set custom spending limits and controls
  • 0% Intro APR for 12 months

Streamline and separate expenses. Access real-time account activity through online banking.

M&T Merchant Services

Accept payments and manage transactions with ease. Get equipped to accept all major card payments.

Solutions include:

  • Credit card processing equipment and software
  • eCommerce and mobile payments
  • POS systems and terminals
  • Payment processing and funding
  • Fraud protection tools
  • Dedicated support team

Whether retail, restaurant, professional office, or online store, M&T provides the merchant services to meet your needs.

M&T Business Digital Banking

Manage all your banking anytime, anywhere with M&T’s online and mobile platforms.

Features include:

  • Account dashboards and transaction history
  • Transfer funds
  • Deposit checks via mobile
  • Pay bills and manage payments
  • Set up alerts
  • 24/7 live chat support

Robust digital banking ideal for businesses on the go.

M&T Bank Wealth Management and Investments

M&T also offers wealth management and investment solutions to help grow and manage your finances through every life stage.

Brokerage & Trading

Work with an advisor or self-direct investments through a full-service brokerage account.

Services include:

  • Stocks, bonds, ETFs, mutual funds
  • Retirement accounts like IRA and 401k
  • Robo-advisory managed portfolios
  • Equity research and screeners
  • Desktop, web, and mobile trading platforms

Commission-free online trading on over 8,000 mutual funds. Integrated banking and brokerage accounts.

Banking & Lending Solutions

Get tailored banking and lending solutions to help build financial security.

Services include:

  • Premier checking and savings
  • Personal and business credit lines
  • Competitive lending rates
  • Tailored terms and rewards

Dedicated wealth advisors provide personalized care for all your needs.

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Financial Planning

Get advice on saving, budgeting, taxes, retirement planning, estate strategies, and more.

Services include:

  • One-on-one consultations
  • Customized financial plans
  • Retirement planning analyses
  • Legacy and wealth transfer plans
  • Tax strategies
  • Portfolio reviews
  • Ongoing support and guidance

Trust Services

Get specialized trust and estate services to protect and transfer wealth across generations.

Services include:

  • Trust creation and administration
  • Estate planning and settlement
  • Charitable giving accounts
  • Guardianships
  • Foundations
  • Inheritance management

Dedicated trust advisors provide highly personalized care.

Insurance Solutions

Manage risk and protect your assets and income through customized insurance solutions.

Services include:

  • Life insurance
  • Disability insurance
  • Long-term care insurance
  • Business/commercial policies
  • Policy reviews and consolidation

Work with licensed agents to review and fulfill insurance needs. Discounted pricing in many cases.

How to Bank with M&T Bank: Getting Started

Ready to make M&T your bank? Here is a step-by-step guide to opening your account:

  1. Compare products online – Browse mtb.com and evaluate checking, savings, lending, business, and wealth management options.
  2. Find a location – Use the M&T branch and ATM locator to find a convenient branch to open your account.
  3. Make an appointment – Schedule an in-branch appointment with an M&T representative to discuss your needs. This speeds up the account opening process.
  4. Gather documents – Be sure to have your ID, Social Security number, and initial deposit amount ready to open your account.
  5. Open your account – A banker will walk you through the quick account opening process and get you started.
  6. Fund your account – Make your initial deposit by cash, check, or wire transfer to start using your new account.
  7. Set up online banking – Login to online or mobile banking to access your new accounts and customize features.

Within an hour you can open your new M&T account, fund it, and start enjoying quality banking and personalized service!

Frequently Asked Questions (FAQ) About M&T Bank

Does M&T Bank have local branches and ATMs?

Yes, M&T Bank has over 700 branch locations across its footprint in the Mid-Atlantic and Northeastern US. Use the M&T branch locator tool to find ATMs and branches near you.

What are M&T Bank’s hours?

Most M&T branches are open 9am-5pm Monday through Wednesday, 9am-6pm on Thursday and Friday, and 9am-2pm on Saturday. Hours vary by location.

Does M&T offer 24/7 customer service?

Yes, M&T customers can access account support 24/7 by calling 1-800-MTB-HELP. You can also chat live online at any time.

Is M&T Bank only located on the east coast?

Yes, M&T Bank operates in eight eastern states: New York, Pennsylvania, Maryland, New Jersey, Delaware, Connecticut, Virginia, and Washington DC. It does not have national reach.

How does M&T compare to large national banks?

As a regional bank, M&T provides the products and technology of a large bank with the community banking feel of a smaller local institution. Expect personal service.

How quickly can I open an account with M&T?

You can typically open an M&T account in the same day by making an appointment at your local branch. Have your documents and initial deposit ready for a fast setup.

Can I access M&T accounts through mobile apps?

Yes, M&T offers full-featured mobile banking apps for iOS and Android. Manage accounts, make deposits, pay bills and more all through the convenience of your smartphone.

The Bottom Line: An Established Bank Delivering Personalized Service

With a long history and focus on relationship banking, M&T is an excellent choice for those wanting a full suite of banking solutions combined with friendly, customer-centric service. They deliver big bank capabilities with small bank charm. Though not a nationwide player, if you live within their Eastern US footprint, M&T is worth strong consideration for your personal or business banking needs.

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