M&T Bank Review: Checking, Savings and CDs

Tony Armstrong
By Tony Armstrong 

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Overall bank rating

M&T Bank


    NerdWallet rating 
    The bottom line:

    M&T Bank is a large regional bank with hundreds of branches in New York and on the East Coast. If you’re in the neighborhood, it could be a good choice for you. Its savings accounts, however, have the high fees and low savings yields you might expect to find at large national banks. If you’re looking for higher rates, explore NerdWallet’s list of best savings accounts.

    Best for: People looking for a free checking account with decent ATM access, who are unlikely to overdraft and aren’t concerned with earning high interest rates.


    • No monthly fee for the EZChoice checking account.
    • Access to 1,800 surcharge-free ATMs.


    • Interest rates on the Relationship Savings account are very low.
    • M&T Bank charges an overdraft fee of $38.50, which is more than what some of the largest banks charge.


    NerdWallet’s overall ratings for banks and credit unions are weighted averages of several categories: checking, savings, certificates of deposit or credit union share certificates, banking experience and overdraft fees. Factors we consider, depending on the category, include rates and fees, ATM and branch access, account features and limits, user-facing technology, customer service and innovation. The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.