There is no minimum balance requirement to keep your M&T Simple Checking for Business account open. If you maintain an Average Ledger Balance of $2,500 or more in the statement period, we'll waive the $10 monthly maintenance fee.
The monthly maintenance fee for M&T Simple Checking for Business is $10 if requirements to waive the monthly maintenance fee are not met. There are two ways to waive the monthly fee: Maintaining a minimum Average Ledger Balance of $2,500 or more; or completing five (5) transactions within a monthly statement period. Transaction items are: deposit tickets (teller or virtual), checks paid, checks deposited, ACH credits received (not generated by the customer), and ACH debits received (not generated by the customer). ATM cash deposits are not considered a transaction item. Requirements to waive the monthly maintenance fee may be met but other transaction and service fees, including insufficient funds (NSF) and overdraft fees, may apply.