Find the right checking account for your business
We understand each business has unique checking needs. That's why we created a range of options and are here to recommend a checking account that works for you.
For start-ups
Designed for businesses just starting out with the basics you need to manage your business finances so you can stay focused on what matters most.
For a limited time, pay no monthly maintenance fee for 12 months.
We will waive the $10.00 monthly maintenance charge on a new M&T Simple Checking for Business Account for 12 monthly statement cycles – or one full year – from account opening. The monthly maintenance charge waiver is available for new M&T Simple Checking for Business accounts opened during the applicable offer period of 7/1/2023 through and including 12/29/2023. Please note that if you modify your Account type within this 12-month promotional period, the monthly maintenance charge waiver will terminate and the monthly maintenance charge for your Account will be assessed, unless you qualify for another monthly maintenance charge waiver.
Requirements to waive the monthly maintenance fee charge are based on account type and are fully listed on the business checking grid.
Even if those requirements are met, other transaction and service fees, including overdraft fees, may apply. The monthly maintenance charge waiver is not available to employees of M&T Bank or any of its affiliates. A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
For growing businesses
A customized business checking account designed to scale as your business grows and your checking needs change.
Pay no monthly maintenance fee for three months. After that, we offer several ways to waive the fee.
There is no monthly maintenance charge for 3 months. After that, standard rates apply if requirements are not met. Requirements to waive the Monthly Maintenance Charge are based on account type and fully listed on the business checking grid. Requirements may be met but other transaction and service fees, including overdraft fees, may apply.
| Simple Checking for Business | Tailored Business Checking | |
|---|---|---|
| Monthly Maintenance Fee | $10 | $20 |
| Waive checking monthly maintenance fee with deposits from M&T Merchant Services | × | |
| Waive checking monthly maintenance fee when you reach certain goals with M&T Business Rewards Credit Card | × | |
| Monthly Transaction Limit | 100 | 500 |
| Additional Transaction Items Fee | $1.00 per item in excess of first 100 checks paid, checks deposited, deposit tickets ACH credits and ACH debits | $0.50 per item in excess of first 500 checks paid, checks deposited, deposit tickets ACH credits and ACH debits |
| Online Banking | ||
| Paper Statement Fee | $2 (waived if account is enrolled in electronic delivery and does not receive paper statements) | $2 (waived if account is enrolled in electronic delivery and does not receive paper statements) |
| Business Debit Card with Chip Technology | ||
| Customize Your Debit Card | ||
We will waive the $10.00 monthly maintenance charge on a new M&T Simple Checking for Business Account for 12 monthly statement cycles – or one full year – from account opening. The monthly maintenance charge waiver is available for new M&T Simple Checking for Business accounts opened during the applicable offer period of 7/1/2023 through and including 12/29/2023. Please note that if you modify your Account type within this 12-month promotional period, the monthly maintenance charge waiver will terminate and the monthly maintenance charge for your Account will be assessed, unless you qualify for another monthly maintenance charge waiver.
Requirements to waive the monthly maintenance fee charge are based on account type and are fully listed on the business checking grid.
Even if those requirements are met, other transaction and service fees, including overdraft fees, may apply. The monthly maintenance charge waiver is not available to employees of M&T Bank or any of its affiliates. A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
M&T checking accounts are subject to transaction and service fees, including overdraft fees even in the event that a monthly maintenance charge is waived. If requirements are not met, the monthly maintenance fee is $20. There are four ways to waive the monthly fee: an Average Ledger Balance of $10,000 or more; 1 or more deposits of M&T Merchant Services proceeds into the account, purchases made on a linked M&T Business Credit Card or M&T Business Rewards Card totaling $2,000 or more in the credit card statement cycle ending in that month; or the sum of the Average Ledger Balances of the account and any linked Commercial Savings account is $25,000 or more.
$20.00 per month, unless there is 1 or more deposits of M&T Merchant Services Proceeds into the account.
$20.00 per month, unless the purchases made on a linked M&T Business Credit Card or M&T Business Rewards Credit Card totaled $2,000 or more in the credit card statement cycle ending in that month.
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.
Your business has unique needs
We offer an array of products designed for the needs of every business customer.
Specialty Checking Accounts
Explore BizFlex Checking, Commercial Checking, Non-Profit Checking, and M&T Business Interest Checking account options.
Business Debit & ATM Cards
For purchases that come right out of your business checking account, choose the M&T Business Debit Card or ATM Card for Business.
Online & Mobile Banking
With our Online & Mobile Banking services, you can access your account information from your mobile device, tablet or computer.
Use of these features and services requires Internet and/or data access through a computer or mobile device. Subject to availability and the same limitations as any service available through the Internet. M&T Bank is not responsible for matters that are outside of its reasonable control that might impact availability and functionality. M&T Bank reserves the right to suspend service for any reason at any time. Your mobile carrier’s text messaging and data charges may apply. Fees may apply for optional services provided through M&T Online Banking for Business. View the M&T Digital Services Agreement for additional details.
Make the switch
How to open a business checking account
When it comes to switching banks or starting a business, we know the process can seem overwhelming. To make it easier, we've created a step-by-step Switch Kit for business interested in switching to M&T.
All M&T checking accounts are subject to M&T standard account agreements.
M&T Bank Merchant Services® are available subject to completion of a Merchant Services application and credit approval. Merchant Services are provided subject to the terms and conditions of M&T Bank's Merchant Services Agreement. Availability of funds is subject to M&T Bank's Funds Availability Policy. Additional terms and conditions apply.
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.