Axos Bank vs M&T Bank

Axos Bank is a full-service online bank with excellent cashback and interest checking. How does it compare to M&T Bank? Read our comparison chart below.

Axos Bank offers a range of checking and savings products. Checking options includes a up-to 1% cashback account and rewards checking account with a higher interest rate. Savings options include savings accounts and CDs with higher-than-average rates. All accounts have no monthly service fees.

While M&T Bank has 690 branches serving the Upper East Coast and Florida. Offers a no-fee checking, as well as interest checking but with heavier requirements to waive service fees. Select Promo CD offers high rates for terms up to 36 months with a $1,000 minimum opening deposit.

Compare Axos Bank with M&T Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Member FDIC	M&T BankBank of AmericaChaseDiscover BankKeyBank
	Learn More	Learn More
	Axos Bank	M&T Bank
	SPECIAL OFFER Basic Business Checking - Up to $400 Bonus - Learn More Read Axos Bank Review	SPECIAL OFFER Referral Program - Up to $500 Bonus - Learn More Read M&T Bank Review
	Benefits and Features
Savings	0.61% APY (balances under $25k); 0.25% APY ($25K-$100K); 0.15% APY ($100k and over)	0.01% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or more or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account
CD	0.20% APY. Terms of 3 months to 5 years. $1,000 minimum	Terms from 32 days to 120 months. Minimum opening deposit $1,000.
Checking	Rewards Checking: Up to 3.30% APY Cashback Checking: Up to 1% cashback
Money Market	0.25% APY
Mobile App	iOS & Android
ATMs	approximately 91,000 partner ATMs	More than 1,800 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.
Customer Service	24/7	Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
Locations	Online only	700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
ATMs
Locations
Customer Service
Pros & Cons	Pros: Checking with rewards No monthly fee Domestic ATM rebates Cons: Low CD rates No physical branches	Pros: Free checking option High APY for Promo CD Free savings with checking Cons: Fee heavy Subpar savings APY Limited branches
Bottom Line	Full-service online bank with excellent cashback and interest checking... Read full review	Upper East Coast bank with free checking option and good promo CD rates... Read full review
	Rewards Checking - Up to 3.30% APY Basic Business Checking - Up to $400 Bonus Business Premium Savings - Up to 4.01% APY	Referral Program - Up to $500 Bonus Personal Checking Account - $200 Bonus Personal Checking Account - $150 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Axos Bank: Pricing information from published website as of 09/27/2024. M&T Bank: Pricing information from published website as of 11/21/2024 based on 14203 zip code

Member FDIC

Basic Business Checking - Up to $400 Bonus

Get Deal

Expires 1/2/2025

• Business owners get up to $400 welcome bonus!* Open a business checking account by January 2 and get up to $400 when you use promo code NEW400 on your application.*
• No initial deposit requirement
• No minimum balance requirement
• No monthly maintenance fees
• Free domestic incoming wires. Two (2) outgoing domestic wire fees reimbursed per month.
• Unlimited domestic ATM fee reimbursements
• Unlimited item processing (debits, credits, and deposited items)
• Cash deposits via MoneyPass and AllPoint networks

Member FDIC

Business Premium Savings - Up to 4.01% APY

Get Deal

• Unlock a bonus up to $375 with Business Premium Savings. Save more, pay lower fees, and get a limited-time bonus up to $375 with a 4.01% APY* Business Premium Savings account. Use promo code BPS375.†
• Earn 4.01% APY* With Business Premium Savings
• Free domestic and international incoming wires
• No monthly maintenance fee
• No minimum opening deposit
• No average daily balance requirement
• Business deposit accounts FDIC insured up to $250k

Member FDIC

High Yield Savings - Up to 0.61% APY

Learn More

• 0.61% APY on balance < $25,000
• 0.25% APY on balance $25K-$100K
• 0.15% APY on balance > $100K
• No monthly maintenance fees
• No minimum balance requirements
• $250 minimum opening deposit
• Free incoming wires
• Zero minimum balance requirement

Which is Better: Axos Bank or M&T Bank?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Axos Bank or Bank of America.

In short: Axos Bank's savings, checking, money market, and mobile app are notable. In particular, the checking is excellent.

Articles on Axos Bank

Axos Bank Review

Axos Bank offers full-service banking completely online with no fees. Find out below whether they can replace your traditional bank account.

• Axos Bank vs Bank of America
• Axos Bank vs Chase
• Axos Bank vs Discover Bank

Axos Business Checking

Looking for affordable banking for your small business? Axos Bank offers a free business checking account or an interest-bearing account. Read on.

Articles on M&T Bank

M&T Bank Review

If you are on the upper East Coast, you probably see M&T Bank frequently. With a free checking option and a range of deposit accounts, does it meet your needs?

• M&T Bank vs KeyBank

Which Do You Think is Best?

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