M&T Bank Review 2023: An In-Depth Look at Its Services and Offerings
Introduction
Established in 1856, M&T Bank has grown to be a prominent financial institution serving customers across the Northeast and Mid-Atlantic regions. With over 700 branches and a strong online presence, M&T Bank offers a broad range of services from personal banking to commercial and business banking solutions. In this review, we take an in-depth look at M&T Bank’s services and offerings for 2023.
Personal Banking
Checking Accounts: M&T offers several checking account options to cater to different customer needs. The MyChoice Plus Checking account comes with free checks, ATM reimbursement, and no monthly maintenance fee if certain conditions are met. For students, the MyChoice College Checking provides banking solutions with no monthly maintenance fee or minimum balance requirement.
Savings & CDs: M&T Bank offers its customers various savings accounts, including the Relationship Savings account which earns interest and provides a relationship bonus when linked to an eligible M&T checking account. Additionally, the bank provides certificates of deposit (CDs) with competitive interest rates and flexible terms ranging from three months to five years.
Credit Cards: There are several credit card options available through M&T Bank. These cards offer cash back rewards, low introductory rates, and reward points that can be redeemed for travel, merchandise or gift cards.
Mortgages & Loans
Mortgages: M&T Bank provides an array of mortgage products such as fixed-rate mortgages,
adjustable-rate mortgages (ARMs), Federal Housing Administration (FHA) loans, and jumbo mortgages. The bank also offers refinancing options, home equity lines of credit (HELOCs), and home equity loans.
Personal Loans: For customers in need of financing for various reasons such as debt consolidation or home improvements, M&T Bank offers personal secured and unsecured loans with competitive interest rates and flexible repayment terms.
Commercial & Business Banking
Business Checking & Savings: M&T Bank offers business checking accounts tailored to various organizations’ sizes and requirements. The bank also provides specialized accounts for non-profit organizations and public sector entities. In addition, M&T offers tailored business savings accounts that earn interest and help businesses reach their financial goals.
Commercial Lending: M&T Bank is a trusted partner for small and large businesses in need of financing, with options ranging from term loans and working capital lines of credit to SBA loans and commercial real estate loans.
Treasury Management: Businesses seeking assistance in managing their cash flow can take advantage of M&T’s treasury management services. These services include receivables management, payables management, account management, fraud protection, and liquidity management solutions.
Digital Banking
M&T’s online banking platform allows customers to manage their accounts efficiently with bill pay, mobile deposit, account transfers, and various other features. The bank’s mobile app is compatible with both iOS and Android devices, enabling customers to keep track of their finances on-the-go.
Conclusion
In conclusion, M&T Bank has established itself as a reliable banking institution offering comprehensive services catering to personal, small business, and commercial customers. With competitive products such as checking accounts, savings accounts, credit cards, mortgages, loans, and digital banking solutions, M&T Bank continues to be an appealing option for those seeking a well-rounded financial institution in 2023.