MyWay Banking

MyWay Banking is a checkless account without the worry of overdraft fees or bounced checks. This account includes many of the conveniences of a traditional checking account like online bill pay, and debit card access.

Open Account

Make an Appointment

View All Checking Accounts

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.
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.

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.

Download Guide (PDF)

Account Features

​Regardless of whether a monthly maintenance charge applies, M&T checking accounts are subject to transaction and service fees, as noted in the Specific Features and Terms for each account and also the Additional Fees and Fees for Use of Electronic Banking Card for Consumer Checking Accounts, which are available on request at any M&T banking office or through the M&T Telephone Banking Center.
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.
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.
Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
​Use of the M&T Custom Card design service is subject to program Terms and Conditions and Image Guidelines. See full terms and conditions at mtb.com/customcard 
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

Compare Checking Accounts

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

View All Checking Accounts

 

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 or money orders 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.
Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

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 insufficient funds (NSF) or overdraft fees, 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.

Must have a bank account in the U.S. to use Zelle. Transactions typically occur in minutes. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
Offers may vary by region. 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 full 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.
M&T Bank is not affiliated with, endorsed, sponsored or otherwise authorized by Apple Inc., Google LLC, Samsung Electronics Co., Ltd., Fitbit Inc. or Garmin Ltd.
Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.
Fitbit and Fitbit Pay are trademarks or registered trademarks of Fitbit, Inc.