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MyChoice Plus Checking Print this PagePrint this Page
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Enjoy MyChoice Plus Checking Account
MyChoice Plus Checking rewards you for the business you maintain with M&T. With this checking account, you'll enjoy personalizing your account with 2 Custom Add-ons with no monthly subscription fees1, preferred rates on loans2, and the convenience of using your mobile phone for text and web banking. This checking account is available with or without interest.
MyChoice Plus Checking Pricing
  • No monthly maintenance charge if you maintain any one of the below:
    • An average balance of $2,500 or more in your MyChoice Plus Checking account throughout your monthly service charge cycle
    • Combined balances of $5,000 or more in eligible personal deposit accounts, loans and home equity outstanding balances, investment accounts through M&T Securities, Inc.3 and business deposit accounts
    • An M&T Bank mortgage, in good standing, with an original amount of at least $100,000
  • $14.95 monthly maintenance charge when none of the above requirements are met
Other Features and Services Available with MyChoice Plus Checking
Related M&T Bank Checking Account Services
Debit Cards | Direct Deposit | M&T's Easy Save | Electronic Statements | Online Services | Overdraft Protection | Tips on Managing Your Account
1The following Custom Add-ons are available only with personal checking accounts, and may have a fee associated with them:

No M&T Fee at Other Banks’ ATMs: M&T will not charge you to access your account at non-M&T ATMs in the 50 United States and Washington, D.C. The standard monthly subscription fee is $4.95.

Refund of Other Banks’ ATM Fee: M&T will reimburse the checking account (up to $2 per transaction) for the amount of any fee charged by another bank or ATM operator to use its ATMs in the 50 United States and Washington, D.C. The standard monthly subscription fee is $4.95. Enrollment in this Custom Add-on requires enrollment in the above Custom Add-on (No M&T Fee at Other Banks’ ATMs) as well. This Custom Add-on is only available for MyChoice Premium Checking and MyChoice Plus Checking accounts.

No Fee for Overdraft Protection Transfers: No fee for automatic overdraft transfers from your overdraft protection account (savings, checking, line of credit or credit card) to your checking account. Enrollment in this Custom Add-on does not guarantee payment of overdrafts if there is not sufficient money in your overdraft protection account. In that situation, NSF or overdraft fees may apply. The standard monthly subscription fee is $4.95.

Enrollment in this Custom Add-on requires an open and linked overdraft protection account. If you enroll in Overdraft Protection with your M&T Visa® Credit Card, or have a linked overdraft line of credit, your overdraft transfers will accrue interest at the applicable APR stated in your credit card or line of credit agreement. Please refer to your credit card or line of credit agreement for additional details.

For new overdraft protection accounts linked to an M&T Visa® Credit Card or an overdraft line of credit, which are subject to credit approval, the rates and fees as of 1/1/14 are as follows:

Credit card: 0% Introductory APR on balance transfers for the first 12 billing cycles. After 12 billing cycles, your rate for balance transfers will be the same as your purchase rate, and will vary with the market based on the Prime Rate. As of 1/1/14, the Annual Percentage Rate for purchases and balance transfers was between 9.24% and 16.24% for M&T Visa® Credit Cards and 11.24% and 18.24% for M&T Visa® Credit Card with Rewards and M&T Visa® Signature Credit Cards, depending on creditworthiness. Your rate for cash advances will be 22.24% and will vary with the market based on the Prime Rate. Your rate for overdraft advances will be 14.24% and will vary with the market based on the Prime Rate. A fee of 4% ($10 minimum) of the amount of each balance transfer will apply. A fee of 3% ($10 minimum) of each cash advance transaction will apply. A fee of $12.50 per day will apply to any overdraft transfers to a linked checking account (waived if one of your selected Custom Add-ons). A fee of 3% of each foreign transaction converted into U.S. dollars will apply (except for M&T Visa® Signature Credit Cards). For any introductory balance transfer offer, the offer period begins at account opening.

Overdraft Line of Credit: 18% APR. A fee for using a credit line check of 2% of each transaction (minimum $2, maximum $20) will apply. A fee of $12.50 will apply to each transfer made by telephone or through Web banking. A fee of $12.50 per day will apply to any overdraft transfers to a linked checking account (waived if one of your selected Custom Add-ons).

Standard Checks & Safe Deposit Box: Two orders of standard checks per year (from the date of enrollment) and 50% discount on additional check orders and other check styles. Waiver of annual rental fee of $50 or less for one safe deposit box; or 50% discount on the annual rental fee for one safe deposit box with a fee of more than $50 (up to a maximum discount of $200). Due to the nature of this benefit, enrollment in this Custom Add-on cannot be canceled for 12 months. The standard monthly subscription fee is $4.95. Location of safe deposit boxes subject to availability.

Credit Score: Log in to M&T Web Banking® to view your FICO® credit score and key factors affecting your score (provided by Equifax), updated monthly. The standard monthly subscription fee is $2.99 per user. FICO® is a trademark of the Fair Isaac Corporation. The FICO Score is a proprietary credit model designed by Fair Isaac calculated using the information contained in your Equifax Credit File. The score is intended solely for your educational use. There are numerous credit scores and models available in the marketplace and lenders and other credit score users, including M&T Bank, are likely to use a different score when evaluating your creditworthiness.

Custom Add-ons (except benefits relating to safe deposit boxes – which applies to one box – and Credit Score – which applies to one account owner) will apply only to the associated personal checking account, and you will need the appropriate services and accounts to take advantage of the Custom Add-ons. For example, you will need an M&T ATM Card or M&T Check Card for Custom Add-ons relating to ATM fees, and you will need to take additional steps to enroll in Credit Score, order checks, open and link an overdraft protection account and open a safe deposit box.

Any fee for the Custom Add-ons chosen will be charged beginning on the last day of each monthly service charge cycle for your account, regardless of whether you take advantage of the Custom Add-on in a given month. Employees of M&T Bank and its affiliates receive Credit Score at no charge when linked to the M&T checking account into which the employee’s pay is directly deposited. MyChoice Plus Checking and MyChoice Plus Checking With Interest accounts qualify for 2 Custom Add-ons at no monthly subscription fee. MyChoice Premium Checking accounts qualify for 4 Custom Add-ons at no monthly subscription fee. These customers can enroll in additional Custom Add-ons for the standard monthly subscription fees shown above.

To determine which Custom Add-ons may be right for you, please consider the standard cost of the service covered by the Custom Add-on as well as how often you expect to use that service compared to the cost, if any, of the Custom Add-on in your particular situation.
2Loans are subject to credit approval and certain restrictions may apply.
3Brokerage services are offered by M&T Securities, Inc. (member FINRA /SIPC), not by M&T Bank.
4Use of the M&T Custom Card design service is subject to program Terms and Conditions and Image Guidelines. A $7.95 image set-up fee for each newly approved custom card design may apply. One fee will be charged per approved custom design. Replacement cards will not incur this fee if the custom design remains unchanged.
5Fees may apply for optional services provided through M&T Web Banking.
6Your mobile carrier's text messaging and data charges may apply.
Offers may vary by region. Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.