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  M&T Bank My Choice Premium Checking

M&T Bank My Choice Premium Checking

in Checking Accounts from M&T Bank · fdic

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M&T Bank My Choice Premium Checking

Unaffiliated

in Checking Accounts from M&T Bank · Member FDIC

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Highlights
Monthly Fee $0 - $24.95
ATM Fee: Out-of-Network $3
Minimum Balance to Avoid Monthly Fee Starting at $7,500
APY (Annual Percentage Yield) 0.01%

M&T Bank My Choice Premium Checking Review

M&T Bank My Choice Premium Checking is offered by M&T Bank, a bank founded in 1856 and based in Buffalo, NY. M&T Bank My Choice Premium Checking is available in 8 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $24.95, but the fee is waived if you keep a minimum balance of $7,500.
  • No ATM fees. M&T Bank My Choice Premium Checking does not charge fees on ATM transactions within its network but there is a fee of up to $3 for out-of-network ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through M&T Bank.
M&T Bank My Choice Premium checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Only available in 8 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
M&T Bank My Choice Premium checking FAQ

Are checking accounts from M&T Bank federally insured?

Yes, your M&T Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does M&T Bank My Choice Premium checking offer?

M&T Bank My Choice Premium Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

M&T Bank My Choice Premium checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for M&T Bank My Choice Premium checking?

M&T Bank My Choice Premium checking requires a minimum initial deposit of $25 to open an account.

M&T Bank My Choice Premium Checking Minimums
Description
Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $7,500

What fees does M&T Bank My Choice Premium checking charge?

This account charges a monthly service fee of up to $24.95.

M&T Bank My Choice Premium Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Early Account Closure $50
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $24.95
NSF Fee $38.50
Online Bill Pay Fee $0
Overdraft Item Fee $38.50
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $32
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $75
ATM Fee: Out-of-Network $3

Does M&T Bank My Choice Premium checking charge overdraft fees?

Yes, M&T Bank My Choice Premium checking charges a $38.50 fee for every overdraft.

What features and perks does M&T Bank My Choice Premium checking offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - M&T Bank My Choice Premium checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - M&T Bank My Choice Premium checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for M&T Bank My Choice Premium checking?

The customer support email for M&T Bank My Choice Premium checking is ir@mtb.com .

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From M&T Bank My Choice Premium Checking

MyChoice Premium, Our best account with the most premium features and benefits, for those customers that want all the elite perks we have to offer. Open an account online today or book an appointment at your nearest branch.

Availability

  Available in 8 states and Washington, D.C.
  • Connecticut
  • Washington, DC
  • Delaware
  • Maryland
  • New Jersey
  • New York
  • Pennsylvania
  • Virginia
  • West Virginia

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $25,000
Minimum Opening Deposit Starting at $25
Minimum Balance to Avoid Monthly Fee Starting at $7,500
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
Early Account Closure $50
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0 - $24.95
NSF Fee $38.50
Overdraft Item Fee $38.50
Returned Deposit Fee (Domestic) $20
Returned Deposit Fee (International) $20
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Outgoing) $32
Wire Transfer Fee - International (Outgoing) $75
ATM Fee: Out-of-Network $3
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • ATM Reimbursement
  • Nationwide ATM Network
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.01%

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