M&T Bank operates 780 branches in New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, West Virginia, Washington, D.C., and Connecticut. Their business offerings include business checking & savings accounts, lending & financing services, cash management, investments & insurance, and more. They are rated A by the Better Business Bureau and they have a mix of positive and negative reviews online.
M&T Bank Business Checking Rates & Fees
|Monthly Fee||$10 per month (waived if the $2,500 Average Ledger Balance is met or if the account is enrolled in e-statement delivery and does not receive paper statements, the fee will be reduced to $5.00 per month)|
|Minimum Balance Requirement||$2,500 average ledger balance to avoid monthly fee|
|Transaction Fee||$1.00 per transaction, in excess of first 100|
|Wire Transfer Fee||Incoming (Domestic / International): $16|
Outgoing (Domestic): $32
Outgoing (International): $75
|Cash Deposit Fee||Free for first $5,000|
|Overdraft Fee||$38.50 each time M&T pays an overdraft|
$38.50 extended overdraft fee charged on the 5th business day
|ATM Fee||$3.00 per non-M&T ATM inquiry ($5.00 if ATM is located outside the 50 United States or the District of Columbia/Washington. D.C.)|
M&T Bank Network
M&T Bank has over 780 bank branches located throughout New York, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida – plus access to over 1500 M&T Bank ATMs. You can use their branch locator to see what locations are closest to you.
M&T Bank Additional Business Banking Services
M&T Bank also offers the following business services: online & mobile banking, savings and money market accounts, business line of credit, SBA loans, business loans, and real estate loans. They currently do not offer wealth management. Find out more about their small business offerings on their website.
|Online & Mobile Banking||✓|
|Money Market Accounts||✓|
|Business Line of Credit||✓|
|Business Credit Cards||✓|
|Commercial Real Estate Loans||✓|
Best Small Business Business Checking Account
Want to know which bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 6 options.