M&T Bank provides plenty of branches and ATMs for customers living and working in the Eastern United States. This regional bank operates a network of more than 690 branches in New York, Pennsylvania, Maryland, Washington D.C., Virginia, West Virginia and Florida. It also gives customers access to more than 1,500 ATMs. In addition, M&T Bank is FDIC-insured.
M&T is a full-service bank, offering a range of savings, checking and money market accounts in addition to mortgages, auto loans and wealth-management services. None of the bank's products stand out when it comes to rates and options -- but if you are looking for an Eastern-based financial institution offering convenience, M&T is a solid choice.
M&T Bank has a number of checking account options for customers. All of them come with monthly maintenance fees -- but these fees are fairly easy to avoid.
The bank's EZChoice Checking is a no-frills, basic account with a monthly maintenance fee of $6.95.
The MyChoice Plus Checking account includes some important extra benefits beyond the basic checking account but has a monthly maintenance fee of $14.95:
This premium checking account comes with a monthly maintenance fee of $24.95.
Like most larger banks, M&T also gives customers their choice of several savings options -- savings accounts, money market accounts, and certificates of deposit (CDs).
The bank's basic savings account, its Relationship Savings account, features:
The M&T Starter Savings Account is designed for children under 18. The goal is to teach children how to manage their money and build their savings.
M&T also offers certificates of deposit that come with terms of 32 days to 72 months. Customers can choose from fixed or variable rates with their CDs.
M&T Bank Corporation got its start in 1856 in Buffalo, New York. That's when Pascal Paoli Pratt and Bronson Case Rumsey began discussing the need for a new bank that could finance durable manufacturing equipment. In March of that year, 13 founding stockholders of M&T Bank -- back then called Manufacturers and Traders Bank -- held their first meeting at the American hotel in Buffalo. The bank's first president earned a salary of $1,000 a year. That president, Henry Martin, held the job for 29 years.
Today, M&T Bank Corporation boasts more than $120 billion in assets.