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.