An M&T Debit Card is a convenient way to pay for everyday purchases.
When you use an M&T Debit Card, you’ll have convenient access to your money – so there's no need to write checks or fumble for change during a 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 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 is deducted from your M&T 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. 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 is deducted from your M&T 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. 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 is deducted from your M&T checking account.1
With an M&T Debit Card, you can pay for everyday purchases – no purchase is too small – including: