An M&T Business Debit Card is a safer, more convenient way to pay for everyday business expenses right out of your business checking account.
When you use an M&T Business Debit Card, you’ll have convenient access to your business funds – so there's no need to write checks during a business purchase or make frequent trips to the ATM. And because of new chip technology, your purchases are better protected from fraud and counterfeit transactions when used at a chip-enabled terminal.
When you make a purchase with an M&T Business Debit Card, the cashier or the card reader will ask whether you want to use your card as “debit” or “credit.” Either way, the money comes from your M&T business checking account.1
Debit or Credit? Either way, you won't pay an M&T transaction fee for purchases in the U.S.2
- DEBIT – If you use the card as “debit,” you enter your personal identification number (PIN) to authorize the transaction and the payment is processed through a PIN network. You may also have the option at participating merchants to get cash back when you make a debit purchase, similar to accessing an ATM. Regardless, the money comes from your M&T business checking account.1
- CREDIT – If you use the card as “credit,” you simply sign for your purchase (like a credit card) instead of entering your PIN, if required. It is important to understand that when using the card as “credit” it does not actually draw money from a credit card line of credit, but rather the money comes from your M&T business checking account.1
With an M&T Business Debit Card, you can pay for everyday business purchases – no purchase is too small – including: