M & T Personal Banking

M & T Personal Banking conveys a feel of financial relief to the customers because of the excellent Checking Services, Savings Services, Cards Services, Loan and credit Services, Investment Services and Insurances Services M & T Bank provides to their customers.

Checking Services provided by M & T Personal Banking

M & T Personal Banking offers a complete range of Checking Accounts keeping in mind the varied lifestyle and varied financial needs of the customers.

M & T Personal Banking conveys a feel of financial relief to the customers because of the excellent Checking Services, Savings Services, Cards Services, Loan and credit Services, Investment Services and Insurances Services M & T Bank provides to their customers.

Checking Services provided by M & T Personal Banking

M & T Personal Banking offers a complete range of Checking Accounts keeping in mind the varied lifestyle and varied financial needs of the customers.

The types of Checking Accounts provided by M & T Personal Banking are the following:

1.M&T Direct Checking Account

Features:

• Account holders are not required to pay any monthly fee for this account if they make direct deposit.
• If the account holders are able to maintain the combined balance requirement of $1500 in the M&T Direct Checking Account and M&T Personal Savings Account, then the monthly fee is waived off for them.
• If the customers fail to maintain the combined balance requirement, then they are charged with $5.95 monthly fee.
• Account holders receive an M&T Check Card along with the M&T Direct Checking Account. This check card involves no annual fee.
• Customers are entitled to use M&T Bank ATMs.
• They get the facility of phone banking provided by M & T Personal Banking Services.
• Account holders enjoy the facility of free internet banking services. Using this online banking service they can pay their bills totally free of cost.
• Customers are also provided with Overdraft Protection Facility.

2.M&T Select Checking Account

Features:

• Account holders are not required to pay any monthly fee if they can maintain the average balance of $5000.
• They can also get rid of monthly fees if they are able to maintain a combined balance of $10,000 in eligible checking accounts, savings accounts, investments, Certificates of deposits, loans and business deposit balances.
• If the account holders fail to maintain the minimum account balance, then they are liable to pay a monthly fee of $14.
• Along with this M&T Select Checking Account, customers are offered an M&T Gold Check Card which carries no annual fee.
• Account holders are not only entitled to use M&T Bank ATMs but also they get the privilege of using Non-M&T Bank ATMs without paying any ATM transaction fee.
• Holders of M&T Select Checking Account are offered preferential rate of interest on some select certificates of deposit of M&T Bank and on specific loans of M&T Bank.
• Account holders receive standard checks free of cost. If they want specialized checks they are provided with that with a discount of 50%.
• Customers are charged with no monthly fee for the return of the cancelled checks.
• They are also not charged for stop payment requests.
• Account holders enjoy the facility of overdraft protection.
• Account holders get the benefit of using internet banking facility of M&T Bank. This facility helps them in paying their bills free of cost.
• Customers get the privilege of unlimited check writing.
• Customers can choose from two types of account options, one of interest bearing and another of interest non-bearing.
• Account holders are served by Personal Relationship Manager in case of any financial problem. Customers are also intimated about the special offers by these managers.

3.M&T Basic Banking Account

Features:

• Account holders are not required to maintain any minimum balance requirement.
• This account is ideal for the people who require limited check writing facility.
• Account holders are provided with an M&T Check Card which requires no annual fee.
• Customers get the facility of overdraft protection.
• Account holders enjoy access to online banking services of M&T Bank.
• Customers can pay their bills using online banking services at free of cost.

4.M&T Totally Free Checking Account

Features:

• Account holders are not required to maintain any minimum balance in their Totally Free Checking Account.
• Even they are not required to pay any monthly maintenance fee for this account.
• Customers are required to deposit minimum $25 to open this type of account.
• Account holders get the benefit of Direct Deposit Services.
• Account holders are provided with an M&T Check Card along with this account.
• Customers are not liable to pay any charges for cheques.
• Account holders can benefit from the access to internet banking facility.
• They can pay their bills totally free of cost using this internet banking services.

5.M&T Classic Checking With Interest

Features:

• This account is ideal for the customers who are above 50 years of age.
• This account involves no monthly maintenance fee.
• The account holders are not required to maintain any minimum balance in this account.
• Account holders earn interest on the balance of their account.
• Customers get the facility of 50% off on the check orders.
• They are not liable to pay any charges for checks.
• Account holders are provided with an M&T Check Card which involves no annual fee.
• Account holders are not liable to pay ant fee for return of cancelled cheques.
• They enjoy the facility of overdraft protection.
• Customers can use the free online banking facility of M&T Bank to pay their bill online free of cost.

Savings Services provided by M & T Personal Banking

M & T Personal Banking presents savings accounts, money market accounts and certificates of deposit to fulfill the savings needs of different types of customers.

M&T Personal Savings Account

Features:

• Account holders are not required to pay any kind of fees in the first year of opening the account.
• From 2nd year and onwards, account holders are required to maintain a minimum balance of $250 in the account.
• If the account holders manage to maintain the minimum balance requirement from the 2nd year onwards, then the monthly service fee of the account is waived off.
• Customers get the option of direct deposit.
• Account holders enjoy the privilege of accessing more than 1500 M&T ATMs.
• Account holders are offered the facility of automatic fund transfers from any of M&T Checking Account to this M&T Personal Savings Account.
• Customers enjoy the benefit of free internet banking facility provided by M&T Bank.

M&T Starter Savings Account

Features:

• This account is ideal for the young people who are within 18 years of age and want to start the saving process.
• This savings account carries no monthly maintenance fee.
• Customers are not required to maintain any minimum balance in their account.
• Account holders are provided with the facility of automatic fund transfers from any of M&T Checking Account to this M&T Starter Savings Account.
• The young customers can enjoy the facility of direct deposit.

M&T Market Advantage Account

Features:

• Account holders get the opportunity of earning high volume of interests on their account balance as the interest rates paid on the account balance are tiered.
• Account holders can get rid of monthly service fee if they are able to maintain the minimum required balance of $2500 in the Market Advantage Account.
• Customers enjoy the facility of direct deposit.
• Account holders are entitled to Limited Check Writing.
• They are provided with the facility of automatic transfers from any of M&T Bank Checking Account to this M&T Market Advantage Account.
• Account holders enjoy access to more than 1500 M&T Bank ATMs.
• They can enjoy the free online banking facility provided by M&T Bank.

Certificates of Deposit

• M&T Bank Certificates of Deposits carries fixed rate of interest.
• M&T Personal banking services offer the most competitive rate of interest on the certificates of deposit.
• Customers can choose from various term period options according to their preference.
• They get help regarding these Certificates of Deposit from the phone banking services of M&T Bank.

Card Services provided by M & T Personal Banking

M & T Personal Banking Card Services is made up of mainly two types of Visa Card namely

• M&T Visa Check Card
       &
• M&T Visa Credit Card

Visa Check Cards provided by M & T Personal Banking are the following:

1.M&T Visa Check Card with Visa Extras

Beneficial Features:

• This card is mainly used for accessing the M&T Accounts in an easy manner.
• This Visa Check Card can be used not only to access cash from ATMs but also to purchase things and to pay bills.
• Card holders can earn rewards by making everyday purchases with this card.
• Card holders enjoy the facility of Zero Liability protection.
• This Visa Check Card can be linked to 4 checking accounts, 4 savings accounts and 2 line of credit accounts of M&T Bank. Customers who are holding more than one accounts of M&T Bank are not required to carry a separate check card with each account.
• Using the linked M&T Visa Card the cardholders can check balances, make deposit or withdrawal or can transfer funds between the linked M&T accounts.
• This card is accepted at more than millions of location all over the world.
• Cardholders get the facility of keeping track of their card transactions through web banking facility of M&T Bank.
• This card can be used for online purchases as it is enabled by password protection.

2.M&T Gold Check Card

This Card is available with M&T Select Checking Account. This M&T Gold Check Card carries all the beneficial features of M&T Check Card with Visa Extras. The extra facility provided by this M&T Gold Card is that card holders enjoy higher limit for daily purchase and daily ATM withdrawal.

3.M&T Bills Check Card

This card also carries all the benefits that are provided by M&T Visa Check Card with Visa Extras. The specialty of this card is that, it has exclusive Buffalo Bills card design which has been introduced by M&T Personal banking in keeping in mind the likes of Buffalo Bills fans.

4.M&T Ravens Check Card

This card carries almost all the benefits that are offered by M&T Visa Check Card with Visa Extras. The specialty of this card is that, it bears the exclusive Baltimore Ravens card design.

Visa Credit Cards provided by M & T Personal Banking are the following:

1.M&T Visa Credit Card with WorldPoints Rewards

Beneficial Features:

• Card holders are not required to pay any annual fee.
• Card holders get the facility of introductory offer of low APR (Annual Percentage Rate) on balance transfers and cash advances.
• They also get the opportunity of earning reward points by making purchases with the Visa Credit Card with WorldPoint Rewards.
• Card holders can earn 1 reward point with every dollar spent on net retail purchases.
• These earned reward points can be redeemed for merchandises, gift certificates, travel opportunities or cash.
• Card holders get the facility of fraud protection.
• They can enjoy access to their card accounts through the online banking services of M&T Bank
• Cardholders can also benefit from the personal concierge service which is available for 24 hours and provided by M&T Personal Banking free of cost.

2.M&T Student Visa Credit Card with WorldPoints Rewards

This Visa Credit Card of M&T Bank carries all the beneficial features of M&T Visa Credit Card with WorldPoints Rewards. But as the name suggests, this M&T Student Visa Credit Card with WorldPoints Rewards is introduced specially for the students. So, there are certain eligibility criteria determined by M&T Bank for holding this card.

Eligibility Criteria of holding M&T Student Visa Credit Card with WorldPoints Rewards:

• The applicants should be full time or part time students of a recognized college or university.
• The applicant has to be at least 18 years old.
• The applicant should be a citizen of U.S or a permanent resident of U.S
• The card is also available to the permanent residents of Puerto Rico and at least 21 years of age.

Loan and Credit Facility provided by M & T Personal Banking

M & T Personal Banking offers exceptional loan and credit facility to their customers by providing various types of loans and lines of credit, which are discussed below:

CHOICE Equity Lines of Credit

This product of M&T Bank is characterized by the unmatched combination of flexibility and security that can provided through a loan account.

Beneficial Features:

• By opting for this CHOICE Equity Line of Credit, one can get a credit of up to 85% of his home value.
• This is a revolving line of credit. So. The customers are not bound to take the whole credit amount at once; they can take as per requirement up to the approved line amount.
• Customers are not required to pay any annual fee for this special M&T CHOICE Equity Account.
• This line of credit does not involve any Application fee or Processing Fee.
• Customers receive monthly statement for this loan account.
• Customers get the facility of locking in up to 3 loans each carrying fixed rate of interest, within the line of credit.

Other than this M&T CHOICE Equity Account, M&T Personal Banking provides another special equity account namely M&T Total Choice Equity Account.
This M&T Total Choice Equity Account carries all the beneficial features of M&T Choice Equity Account. But, the only extra feature is that, customers can get a credit amount up to 100% of customer’s home value for this Total Choice Equity Account whether the customers can get only 85% of home value as credit in case of Choice Equity Account.

Home Equity Loans

M&T Personal Banking provides mainly three types of Home Equity Loans which are discussed below:

M&T Home Equity Loan

Beneficial Features:

• This Home Equity Loan involves fixed rate of interest which are quite competitive according to the market conditions.
• By applying for this home equity loan customers can get a credit up to 85% of their home value.
• Customers get options two choose from various flexible repayment terms.
• They are not required to pay any application fee or processing fee for getting this home equity loan.
• Customers can adopt various repayment measures. They can make the payment using Auto Deduct or using the Internet Banking Services of M&T Bank

M&T Total Equity Loan

This M&T Total Equity Loan carries all the benefits of M&T Home Equity Loan.
The Extra Benefits are:

• The Customers can get a credit up to 100% of their home value.
• The loan amount approved under M&T Total Equity Loan ranges between $15,000 and $100,000.

M&T Instant Equity Loan

This equity loan also carries almost the same benefits of M&T Home Equity Loan.
The Different features are:

• As the name suggests, this M&T Instant Equity Loan is approved very fast. Approval or rejection, whatever be the loan decision it is taken instantly.
• Customers can receive a credit amount starting from $5000 to $25,000.

Education Loans

M&T Personal Banking offers a complete range of education loans for the students, so that they can choose one according to their personal requirements. These loans can be taken by both the students and the parents of the students.

M&T Personal Banking provides the following types of educational loans:

• Subsidized Stafford Loan
• Unsubsidized Stafford Loan
• M&T Bank Private Education Loan
• M&T Bank K-12 Education Loan
• Grad PLUS Loan
• Federal Parent Loan for Undergraduate Students

General Purpose Loan

• This loan can be applied for any reason, for buying any thing that the customer wants to buy.
• These loans carry most competitive rate of interest.
• Customers get the facility of fast approval.
• They can choose from the options of various flexible payment terms.
• Customers can get the opportunity of availing a low rate of interest if they secure their general purpose loan with M&T Certificate of Deposit.
• They also get the facility of lessening the rate of interest, if they hold M&T Checking Account or M&T Savings Account and go under the system of automatic deduction of payments from their M&T Checking account or savings account in the course of repaying the general purpose loan.

Other than the above discussed loans, the other lending facilities that are provided by M&T Personal Banking are:

• General Purpose Loan
• Auto, Boat and RV Loan
  &
• Overdraft Protection or Overdraft Line of Credit

Investing Services Provided by M&T Personal Banking

M&T Personal Banking offers a host of Investing services which are the following:

• Mutual Funds
  • By investing in Mutual Funds, one can diversify his investments as the mutual fund buys stocks of different companies, bonds and other securities.
  • The Diversification of funds reduces the risk of investment. If value of one security falls, then the financial loss is easily compensated by rising value of another security. In this way, the portfolio of mutual fund is not affected much.
  • Mutual Fund Investments carry lesser risk also because of the reason that, the mutual funds are managed by financial experts who have a thorough knowledge and good speculation power about the market condition and market trend.
• IRA and Roth IRA
• Trust and Estate Services
• Discount Brokerage Services
• Investment Management Services
• Retirement Planning Services
• Portfolio Management Services
• PMA or Portfolio Management Account
• Stocks
• Bonds
• Annuities

Insurance Services provided by M&T Personal Banking

M&T Personal Banking provides quality insurance services for providing insurance protection to every sphere of people’s life.

The different types of insurance solutions offered by M&T Personal Banking are:

• Term Life Insurance
  This type of insurance is generally done to cover short term insurance need.
• Permanent Life Insurance
  This type of insurance provides coverage for the whole life.
• Disability Income Insurance
  This type of insurance coverage compensates in case of income loss due to disability caused by illness or injury.
      
• Long Term Care Insurance
  This insurance covers the health care expenses.

  Last but not the least, the M&T Personal Banking also provides Mortgage and Reverse Mortgage Services.