The financial markets continue to be turbulent, making the challenges and choices you face maybe even more difficult. At M&T Bank, we understand that you’re concerned about how this will affect you and your family – and so are we. We want you to know that you can count on us to help in today’s ever-changing world.
Times like these call for a financial services partner that has withstood the test of time. More than 150 years after being founded, M&T Bank is viewed as one of the most steadfast banks in the nation today.
Below is some helpful information on FDIC insurance as it applies to you and M&T Bank.
Are my M&T Bank deposit accounts covered by FDIC insurance?
Yes, subject to applicable limits. M&T Bank is a member of the Federal Deposit Insurance Corporation (FDIC), certificate number 588. You can find more information on FDIC insurance on the FDIC website.
General FDIC insurance limit:
Your deposits at M&T Bank are fully insured by the FDIC up to the Standard Maximum Deposit Insurance Amount of $250,000, and are therefore backed by the full faith and credit of the U.S. government. Please keep in mind that FDIC insurance coverage depends on the types of accounts you have and the ownership of those accounts. You can learn more about FDIC coverage and how you are impacted by visiting the FDIC website. Estimate your coverage by accessing the FDIC Electronic Deposit Insurance Estimator.
For more information about FDIC insurance coverage of transaction accounts, visit http://www.fdic.gov.
For more information please visit an M&T Branch or call our Telephone Banking center at 1-800-724-2440.