The M&T Bank is a large financial institution based in Buffalo, NY. The company has more than 1,600 ATMs and more than 750 retail branches in eight states. The bank also offers a mobile app. Its app has a rating of 4.5 stars on Apple’s App Store and 3.7 stars on Google Play. The bank has a long history in Buffalo and serves businesses and consumers in the area.
To apply for a personal loan with M&T, you’ll need to provide certain information. These include your social security number, state of residence, monthly housing payment, current outstanding debt, and the purpose of the loan. You should check your credit score before you apply for a loan, since the bank will examine your credit report when reviewing your application. Knowing your credit score will help you find out whether or not you’ll qualify for favorable rates and terms.
M&T Bank bills itself as a community-oriented bank, but it has grown through acquisitions to offer a full range of banking products and services. It has been named one of the Best Regional Banks by GOBankingRates, and is predicted to be one of the 100 top banks by 2022.
M&T Bank offers two types of savings accounts for customers. There are two types: Relationship Savings and Starter Savings. The Relationship Savings account carries a monthly service fee of $7.50, but this fee is waived if you maintain a minimum balance. This account pays 0.01% APY on all balances.
The M&T Visa(r) Credit Card offers the benefits of an overdraft protection feature and a linked overdraft line of credit. You must have sufficient balance in your account before you can overdraw. Overdraft fees will apply. If you’re not confident of your account’s liquidity, you can use the linked overdraft line of credit.
Founded in Buffalo, N.Y. more than 160 years ago, M&T is a regional bank that serves clients across Western New York and Upstate New York. The bank recently announced the acquisition of Wilmington Trust for $351 million in a stock-for-stock transaction, scheduled for completion in mid-2011.
M&T’s personal loan application process is easy and quick, with most applicants receiving a decision within a couple of days. The loan can be used for almost any purpose, although it cannot be used for educational expenses. The bank offers an unsecured personal loan and a secured loan. Secured and unsecured loans have different eligibility requirements and loan terms.