Reduce the costs associated with balancing your checking account manually by automating reconciliation tasks. M&T Bank offers a full range of Account Reconciliation Services that will provide you with everything needed to balance your company's transactions efficiently and may help you meet Sarbanes-Oxley requirements. Reports can be delivered via CD-ROM, online and on paper.
You furnish M&T with issued check information on an electronic file. M&T reconciles your bank balance to your ledger balance. Additional reports include stop payments, voids, and items posting against your account for which issuance information has not been provided.
With this service, M&T provides you with a listing of all checks paid during the statement period. The paid checks listing indicates check number, paid date and dollar amount.
Tracking deposits from multiple locations to a single DDA is simple with M&T's Deposit Reconciliation service. Available on a daily, weekly or monthly basis, deposit reconciliation groups deposits by location number as encoded on the deposit ticket.
To find out more, please send us an email, call 1-800-724-2240 to speak to one of our experienced Commercial Service Team Representatives, or contact your M&T Relationship Manager.