MyWay Banking from M&T Bank™

MyWay Banking is a checkless account without the worry of overdraft fees or bounced checks. This account includes many conveniences of traditional checking accounts like online bill pay and debit card access.
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Monthly Maintenance Charge: $0 or $4.95

If you do not have sufficient funds available in your account to cover a transaction, the transaction will be declined in most cases. In the case that your account is overdrawn, you will not be charged an overdraft fee. MyWay banking accounts are not eligible to be linked to an Overdraft Line of Credit.
M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.
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Monthly Maintenance Charge

(each monthly service charge cycle)

$0 / month

With one or more transactions each monthly service charge cycle, such as a deposit, withdrawal, or any debit payment

OR

$4.95 / month

Monthly Maintenance Fee if requirements not met

Common Fees

Download our guide to learn more about M&T Personal Checking Accounts and Common Fees associated with this account.

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Account Features

Even when no monthly maintenance charge applies, M&T checking, savings and money market accounts may be subject to other transaction and service fees, including overdraft fees, as noted in the Specific Features and Terms for each account and the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking and Savings Accounts, which are available on request at any M&T banking office or through M&T’s Contact Center. Overdraft fees will not be charged to a MyWay Banking account.
If you do not have sufficient funds available in your account to cover a transaction, the transaction will be declined in most cases. In the case that your account is overdrawn, you will not be charged an overdraft fee. MyWay banking accounts are not eligible to be linked to an Overdraft Line of Credit.
M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.
U.S. checking or savings account required to use Zelle. Transactions between enrolled consumers typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.
Deposits are subject to verification. Funds not available for immediate withdrawal. Deposit limits and other terms, conditions, fees and restrictions may apply. Business day is defined as Monday through Friday, except Federal Holidays. 

Open a MyWay Banking Account

What you’ll need to open this account:

  • $25 minimum opening balance
  • You must be at least 18 years of age
  • Also available for minors 13 to 17 (includes debit card) with parent or guardian as joint owner
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Compare Checking Accounts

Compare other M&T Checking accounts to see what account fits you best.

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Other Standard Features

 

FAQs

  • You can pay bills or businesses using Online Bill Pay, ACH, wire transfers, or using a debit card. Online Bill Pay makes it easy to pay bills; use it to pay almost anyone you'd normally pay by check. You maintain control, determining when and how much to pay. Best of all, there is no charge for Bill Pay
  • We also offer additional payment options. For example, cashier's checks are available for a fee in your local M&T branch.
  • When giving your account number and routing number to a business for payments from your MyWay Banking account, ensure the business does ACH (Automated Clearing House) as the payment. If a check is utilized instead of an electronic transaction through the ACH, the check will be returned and not paid. You may also be charged a fee by the business. Keep in mind you can use your debit card number instead or pay them through Bill Pay.
M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.

You can send money to friends or family using Online Bill Pay or Zelle. Online Bill Pay isn't just for paying your bills; you can easily make a payment to an individual one time, or set up a recurring payment. Zelle allows you to quickly pay back family and friends. Log into the M&T Mobile Banking app or in Online Banking and select Send Money with Zelle to enroll.

M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.
U.S. checking or savings account required to use Zelle. Transactions between enrolled consumers typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.
U.S. checking or savings account required to use Zelle. Transactions between enrolled consumers typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.

If you do not have a sufficient available balance in your MyWay Banking account to cover a transaction, the transaction will be declined and returned unpaid. However, it is possible a payment could be posted to your account resulting in an overdraft situation. For example, this could happen if a transaction is approved for one amount, but the actual charge is more than the money in your account, for instance when adding a tip at a restaurant. If this happens, M&T Bank will not charge you an overdraft fee, but you are still required to bring your account positive.

No. MyWay Banking is a checkless account. Any checks presented to M&T for payment will not be paid from this account and will be returned. You have many payment options available. Use your debit card or use Online Bill Pay from your computer or mobile device. You can also pay back friends or family with Zelle.

U.S. checking or savings account required to use Zelle. Transactions between enrolled consumers typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.
Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, it is subject to its features, conditions and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for details.
Apple®, the Apple logo, iPhone®, Apple Pay, Touch ID® and Face ID® are trademarks of Apple Inc., registered in the U.S. and other countries. 
Samsung and Samsung Pay are registered trademarks of Samsung Electronics Co., Ltd.
​Android, Google and Google Pay are trademarks of Google LLC.
Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.
MyWay Banking, a checkless checking account with no overdraft fees, is a certified Bank On account. Bank On is a national nonprofit whose goal is to ensure that everyone has access to a safe and affordable bank account.
MyWay Banking from M&T Bank® is considered a Connecticut Basic Banking Account.
All checking accounts require a minimum $25 opening deposit. All M&T checking accounts are subject to M&T standard account agreements.