We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

M&T Bank EZChoice Checking review

Last updated:  

Go basic with no monthly maintenance fee.

EZChoice Checking is M&T Bank’s most popular account option, offering unlimited checkwriting with no monthly maintenance fee. But if you’re looking for an interest-bearing account or live outside the states where M&T operates, this account isn’t for you.

$0

Monthly fee

0%

APY

$25

Minimum deposit to open

Details

Monthly fee$0
Minimum deposit to open$25
Intro or bonus offerGet $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
ATMsOver 1,500 M&T Bank ATMs
ATM transaction fee$0
Out-of-network ATM fee$3
Foreign transaction fee3%
Overdraft fee$38.50
Nonsufficient funds fee$38.50

Expert review

Heather Petty

Review by


Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.

Expert review

M&T Bank’s EZChoice Checking account is perfect for anyone looking for basic checking. The account has no monthly fees and comes with a customizable debit card.

But M&T Bank is limited to nine states and it doesn’t offer any ATM fee rebates.

If you want an account with more ATMs or fee rebates, you’ll want to keep looking. As always, compare your options when considering a checking account.

M&T Bank M&T Bank

Get $150 if you open an EZChoice M&T checking account

Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.

Last verified

What are the benefits of an EZChoice checking account with M&T Bank?

In addition to unlimited checkwriting and free electronic or paper statements, EZChoice Checking offers the following perks:

  • No monthly fee. You won’t pay a fee to maintain this account.
  • Free savings account. M&T will waive the monthly maintenance fee for your Relationship Savings account if you link it to your EZChoice Checking account.
  • Free customizable ATM card. Your card comes with all the usual features, like chip and contactless technology, but you can also customize your card’s background image and choose whether to include an ID photo.

What should I look out for?

Keep the following in mind before you open an account with M&T:

  • Limited locations. M&T bank only operates in Connecticut, Delaware, Florida, Maryland, New Jersey, New York, Pennsylvania, Virginia, Washington, D.C. and West Virginia.
  • Minimum opening balance. You need $25 to open the account, but no minimum balance is required after that.
  • No ATM fee refunds. Although M&T offers rebates on out-of-network ATM fees with its other checking accounts, you’ll have to pay those fees with EZChoice Checking.
  • High overdraft fees. If you go overdraft by more than $5, M&T charges $38.50 for every transaction that goes overdraft, up to five within a single business day.

If you want an account with more ATMs or fee rebates, you’ll want to keep looking. As always, compare your options when considering a checking account.

M&T Bank’s ATM network and fees

M&T’s EZChoice Checking account comes with a customizable debit card you can use at 690 M&T branch ATMs in the states where the bank operates, at four M&T ATMs in Florida and over 1,500 ATMs nationwide. M&T charges $3 for every transaction at out-of-network ATMs in addition to what the ATM owner charges.

You can also use your M&T debit card with the following online and mobile services:

  • Apple Pay
  • Google Pay
  • Samsung Pay
  • Visa Checkout

Compare with other checking accounts

Name Product APY ATMs Fee
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
Bank with BBVA and you could earn a total offer value of $250. Offer valid: 2/1/20 - 2/28/20.
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
$0
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
0.05% on balances of $100,000+
0.03% on balances of $50,000 to $99,999.99
0.01% on balances of $1 to $49,999.99
Over 1,500 free M&T Bank ATMs and up to $2 rebates when using all other ATMs
$24.95/month
(can be waived)
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
0.01%
Free to use anywhere worldwide
$25/month
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
Axos Bank Rewards Checking
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
$0
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

How do I open an EZChoice Checking account?

Open your account at a branch or online:

  1. From the main M&T Bank page, roll over to the Banking tab and select Checking.
  2. Under EZChoice, click Open Account.
  3. Select whether you want to open an Individual or Joint account, and click Continue.
  4. Enter a promo code if you have one and note the information you’ll need to open an account online. Click Continue.
  5. Enter your name, address, phone number and email. If you have a different mailing address, click the box and enter it. Otherwise, click Continue.
  6. Enter your employment information, driver’s license number, Social Security number, birth date, and select your citizenship status. Click Continue.
  7. Click Accept to receive information from the bank electronically instead of by paper.
  8. Once your identity has been confirmed, choose how to fund your account and open it.

Eligibility

To open an account you must meet the following criteria:

  • At least 18 years old
  • US citizen or resident
  • Valid Social Security number

Required information

Have the following information ready to open your account:

  • Full name
  • Birth date
  • Street and mailing address
  • Phone
  • Email
  • Driver’s license number
  • Social Security number
  • Bank information or debit card to fund the account

How do I deposit or withdraw my money?

Use the following methods to access your account funds:

Deposit

  • Check or cash at ATM
  • Check
  • Wire transfer
  • Transfer from another account
  • Direct deposit
  • Deposit at bank branch
  • Mobile check deposit

Withdrawal

  • ATM withdrawal
  • Check
  • Cash withdrawal at bank branch
  • Transfer to another account
  • Wire transfer
  • Online or mobile bill pay

What other checking options does M&T Bank offer?

M&T Bank offers a wide array of personal and business accounts:

  • MyWay Banking. All the features of a checking account without the checks and with no overdraft fees.
  • MyChoice Plus. Get discounted personal loan rates, refunded ATM fees, and an option to make the account interest-bearing.
  • MyChoice Premium. An interest-bearing account that gives you premium interest rates on CDs and personal loans and waives the monthly maintenance fees on any linked savings or money market accounts.
  • Simple Checking for Business. A low-cost account perfect for start-ups, with 100 free transactions, up to $5,000 in free deposits, and a $10 monthly maintenance fee that gets cut in half if you choose e-statements.
  • Tailored Business Checking. Offers 500 free transactions, up to $20,000 in free deposits, and a higher interest rate when you link your Commercial Savings account.
  • Bizflex Checking. Allows you to link up to four Bizflex accounts and waives the $50 monthly maintenance fee as long as you keep a $50,000 balance combined across the accounts.
  • Commercial Checking. A low-fee account that allows you to offset your service fees with an Earnings Credit Rate.
  • Non-Profit Checking. Available to not-for-profit organizations, with 50 free transactions and a $7.50 monthly fee that gets waived if you choose e-statements.
  • Medical Services Checking. Designed for medical practices with 1,000 free transactions and $35,000 in free deposits.
  • Professional Services Checking. Offers 300 free transactions and $35,000 in free deposits.
  • Business Interest Checking. Earn interest if you meet the $500 minimum collected balance and get perks like unlimited checking and overdraft protection.

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site