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 charge for M&T Simple Checking for Business is $10 each monthly statement cycle unless either: the Average Ledger Balance is $2,500 or more; or there are five or more transaction items during the 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. Even if those requirements are met, other transaction and service fees, including overdraft fees, may apply.