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Teen Banking Made Easy

Get started on the financial path to success with teen
banking from M&T Bank


Grow their financial future with less worry and less hassle

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 Easy transfers and access to your account with the M&T Mobile App

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Alerts for suspicious activity, low balance, and transactions


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Save on Fees 

No overdraft fees1 with MyWay Banking, no minimum balance with M&T Starter Savings2

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Financial Education

Prepare your teen with the Financial Education Center online learning

M&T Bank has the right account for your teen

Whether your teenager landed their first job, is looking to save for college or a first car, a checking account is a great tool to help teach them financial responsibility.

Teach financial responsibility

MyWay Banking

A checkless checking account without worrying about overdraft fees and a customizable debit card

  • No overdraft fees1

  • $0 monthly maintenance fee with at least one transaction per month3

  • Customizable Debit Card

Start Building Their Financial Future

Starter Savings

An interest-bearing savings account to help them grow financially4

  • No monthly maintenance charge2

  • No minimum balance required to open the account2

  • Interest-bearing Savings Account4

Build your teen's money management skills with our financial tools

Financial Literacy

Financial Education Center

We've built a financial education center with you in mind.
Read Article >
Teach Budgeting

Money Smart

M&T Money Smart™ lets you keep track of your finances through an easy-to-use dashboard.
Read Article >
Automatic Transfers

M&T's Easy Save

Set up regular transfers from your M&T checking to your M&T savings.
Read Article >

Sending Money is easy with Zelle®

Send money quickly and conveniently to family and friends with Zelle and M&T.
Read Article >
Debit Card

Customize your M&T Debit Card

Just upload or select an image to personalize your card at no charge!
Read Article >



our process

It's Simple to Apply


Make an appointment or stop by your local M&T Branch



  • Birth certificate or Government issued ID
  • Social Security Number
  • Parents or guardians:

  • Government issued ID

    Set up your account for M&T Online Banking and check out our online financial education courses

    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.
    ​There is no monthly maintenance charge for M&T Starter Savings. 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.
    Waive the $4.95 monthly maintenance charge with one or more transactions each monthly service charge cycle, such as a deposit, withdrawal, or any debit payments. Other transaction and service fees may apply to this account.
    Interest rate is compounded daily and paid monthly. This is a variable-rate account, and the rate may change after the account is opened. All interest rates and Annual Percentage Yields (APYs) stated are accurate as of today's date. Fees could reduce earnings on the account. Rates may vary by region.
    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.