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MyChoice Premium Checking Print this PagePrint this Page
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A relationship checking account that rewards you for the business you maintain with M&T. MyChoice Premium Checking offers you higher interest rates and the opportunity to open a MyChoice Money Market account with premium rates.1
MyChoice Premium Checking Pricing
  • No monthly maintenance charge2 if you maintain either of the following during your monthly service charge cycle:
    • An average daily balance of $7,500 or more in your MyChoice Premium Checking account OR
    • Combined balances of $25,000 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
  • $24.95 monthly maintenance charge when neither of the above requirements is met
Exclusive Features and Services Available with MyChoice Premium Checking
  • Premium rates on a MyChoice Money Market account1
  • Special rates with M&T Select CDs
  • No M&T fee at other banks' ATMs4
  • Refund of other banks' ATM fee5
  • No fee for Overdraft Protection Transfers6
  • Discount on Checks & Safe Deposit Box7
  • Preferred rates on loans8
Other Features and Services:
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
1On the day your MyChoice Money Market account is opened, and on the last day of each monthly interest payment cycle, we will determine whether your account will receive the Regular Interest Rate or the Premium Interest Rate (both of which may change daily) during the upcoming monthly interest payment cycle. To qualify for the Premium Interest Rate, you must (1) have a MyChoice Premium Checking, Power Checking or Portfolio Management Account, and (2) have made 3 or more qualifying customer-initiated transactions in that checking account during that account's most recently completed monthly service charge cycle. Qualifying customer-initiated transactions include deposits, withdrawals, M&T Online Bill Pay transactions, automatic payments, debit card purchases and payments, and direct deposits. Transfers and payments to other accounts at M&T Bank (including loans and lines of credit) are excluded. Reversals of transactions will be netted against the qualifying transactions. Transactions cannot be aggregated across multiple checking accounts for purposes of meeting this requirement. (Note: If your MyChoice Premium Checking or Portfolio Management Account has been open for less than one monthly service charge cycle on any day we determine the applicable interest rate, your MyChoice Money Market account will receive the Premium Interest Rate during the upcoming monthly interest payment cycle.)
2Regardless of whether a monthly maintenance charge applies, M&T checking accounts are subject to transaction and service fees, including insufficient funds (NSF) and overdraft fees, as noted in the Specific Features and Terms for each account and, also the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking Accounts, which are available on request at any M&T banking office or through the M&T Telephone Banking Center.
3Brokerage services are offered by M&T Securities, Inc. (member of FINRA/SIPC), not by M&T Bank.
4M&T will not charge you to access your account at non-M&T ATMs in the 50 United States and Washington, D.C.
5M&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.
6No fee for automatic overdraft transfers from your overdraft protection account (M&T savings account, M&T Visa® Credit Card or M&T Overdraft Line of Credit) to your checking account. You must have sufficient money in your overdraft protection account for the transfer to occur. If not, NSF or overdraft fees may apply.
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 2/1/16 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 2/1/16, the Annual Percentage Rate for purchases and balance transfers was between 10.49% and17.49% for M&T Visa® Credit Cards, between 11.49% and 18.49% for M&T Visa® Credit Card with Rewards and between 14.24% and 18.24% for 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 22.24% 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 other than a MyChoice Premium Checking account. 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 Online banking. A fee of $12.50 per day will apply to any overdraft transfers to a linked checking account other than a MyChoice Premium Checking account.
7Two 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). Location of safe deposit boxes subject to availability.
8Loans are subject to credit approval and certain restrictions may apply.
9Use of these features and services requires internet and/or data access through a computer or mobile device. Subject to availability and the same limitations as any service available through the internet. M&T Bank is not responsible for matters that are outside of its reasonable control that might impact availability and functionality. M&T Bank reserves the right to suspend service for any reason at any time. Your mobile carrier's text messaging and data charges may apply. Fees may apply for optional services provided through M&T Online Banking.
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.