M&T Bank : Cash Management Solution - Portfolio Management Account (PMA)
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M&T’s Cash Management Solution - Portfolio Management Account (PMA)

With a Portfolio Management Account (PMA), M&T’s cash management service, you have the convenience of both an M&T Bank checking account and an M&T Securities, Inc. brokerage account wrapped into one, allowing you to manage your day-to-day finances.  Combining these two accounts provides you with a comprehensive view of your funds. You can write checks against your available balance, buy and sell mutual funds, and trade stocks, bonds and options.  In addition, the available balance in your cash management account will be swept into an investment account of your choice.

How Does an M&T Cash Management Account, PMA Work?
Available cash is invested into an Wilmington Money Market Mutual Fund of your choice or an M&T Bank sweep deposit account. You can access your cash management account at any M&T Bank branch, ATM, or on the phone through the M&T Telephone Banking Center, as well as via M&T Bank Web Banking and M&T Web Trading.

What are the Benefits of Opening a Cash Management Account?
Your cash management account provides the following features and benefits:

What Are the Minimum Balance Requirements for a Portfolio Management Account?
A minimum deposit of $10,000 is required to open a cash management account. You may make your opening deposit in funds or marketable securities having a market value of at least $10,000, or a combination of cash/funds and securities.

How Do You Apply for a Portfolio Management Account?
To learn more about about cash management solutions or to apply for a cash management account, stop by your nearest M&T Bank branch to speak to an M&T Securities Financial Consultant or contact M&T online for your personal or business needs.  We can also be reached at 1-800-724-9949.

Investment and Insurance Products: • Are NOT Deposits • Are NOT FDIC-Insured • Are NOT Insured
By Any Federal Government Agency • Have NO Bank Guarantee • May Go Down In Value

Brokerage services and insurance products are offered by M&T Securities, Inc. (member FINRA/SIPC), not by M&T Bank.
 
M&T Securities, Inc. is licensed as an insurance agent and acts as agent for insurers. Insurance policies are obligations of the insurers that issue the policies. Insurance products may not be available in all states.
 
The content of this page is for informational purposes only and is not intended to offer any tax, legal or financial advice. Please consult with the professionals of your choice to discuss your situation.
 

An investment in money market funds is neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although money market funds seek to preserve the value of your investment at $1 per share, it is possible to lose money by investing in these funds. For more complete information, please download the Fund’s prospectus available on www.wilmingtonfunds.com or call 1-800-836-2211 for copies. You should consider the Fund’s investment objectives, risks, charges and expenses carefully before you invest. Information about these and other important subjects is in the Fund’s prospectus, which you should read carefully before investing. Wilmington Funds Management Corporation and Wilmington Trust Investment Advisors, Inc., subsidiaries of M&T Bank Corporation, are the investment advisor and primary sub-advisor, respectively, of the Wilmington Funds with the exception of the Wilmington Strategic Allocation Moderate Fund whose investment advisor is Wilmington Trust Investment Advisors, Inc. ALPS Distributors, Inc., which is not affiliated with M&T Bank Corporation, is the distributor of the Wilmington Funds.

The Sweep Deposit Account consists of an FDIC-insured interest-bearing deposit account at M&T Bank, a depository institution affiliated with M&T Securities. With the Sweep-to-Deposit-Account feature, the available cash balances in a Client’s brokerage account are automatically deposited into the Sweep Deposit Account. M&T Securities has arranged for Pershing to perform certain record keeping for the brokerage accounts of M&T Securities customers, including records relating to their interests and transactions in the Sweep Deposit Account. To facilitate this record keeping function, the Sweep Deposit Account is established as an omnibus (or pooled) account maintained in Pershing’s name for the benefit of all M&T Securities customers who elect the Sweep-to-Deposit-Account feature for their brokerage accounts. Deposits in the Sweep Deposit Account held at M&T Bank are obligations of M&T Bank only and are not obligations of, or guaranteed by, M&T Bank Corporation or any of its other direct or indirect subsidiaries, including M&T Securities. Neither M&T Bank Corporation nor M&T Securities guarantees in any way the financial condition of M&T Bank nor are they responsible for any insured or uninsured portion of any deposits with M&T Bank. M&T Securities does not have any duty to monitor the sweep option for my account or make recommendations about, or changes to, the sweep program that might be beneficial to me.

 
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