M&T Bank vs Chase

M&T Bank is an upper East Coast bank with free checking option and good promo CD rates. How does it compare to Chase? Read our comparison chart below.

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.

While Chase is one of the biggest banks in the nation with more than 4,700 branches and over 16,000 ATMs. They offer a variety of banking, loans and investing services.

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

	M&T Bank	Chase


	SPECIAL OFFER M&T Tailored Business Checking Account - $500 Bonus - Learn More Read M&T Bank Review	SPECIAL OFFER Chase Bank $200 Bonus - Learn More Read Chase Review
	Benefits and Features
Savings	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	Chase Savings: $5 monthly service fee waived with either a $300 daily balance OR $25 automatic transfer every month from a linked Chase checking account OR for owners under 18. $0 to open. Chase Premier Savings: Earn a higher interest rate when you have a bigger balance and meet certain relationship requirements when linked with a Chase Premier Plus Checking or Sapphire Checking account.
CD	2.75% - 3.50% APY. Terms of 12 - 18 months. Minimum opening deposit $1,000.	Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee.
Checking		Chase Total Checking® Chase Premier Plus Checking: An interest-bearing account with some perks. $25 monthly service waived with an average beginning day balance of $15,000 OR a Chase mortgage with auto pay. $0 minimum balance to open. Chase Sapphire Checking: A premium checking account for those with $75,000 or more on deposit with Chase. $0 minimum balance to open. Chase College Checking: No monthly service fee for college students age 17-24 at account opening with proof of student status, for up to 5 years. $0 to open. Chase Private Client Checking: For high net worth individuals who have $250,000 on deposit with Chase.
Money Market	M&T MyChoice Money Market account Regular rate of 0.02% - 0.75% APY for qualifying customers.
Customer Service	Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).
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.	16,000+ Chase ATMs
Locations	690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida	Over 4,700
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: Free checking option High APY for Promo CD Free savings with checking Cons: Fee heavy Subpar savings APY Limited branches	Pros: More than 4,700 branches New customer coupons Full service banking Cons: Low interest rates Not in all states
Bottom Line	Upper East Coast bank with free checking option and good promo CD rates... Read full review	National bank with good promotions for new customers... Read full review

	M&T Tailored Business Checking Account - $500 Bonus Personal Checking Account - Up to $200 Bonus	Chase Bank $200 Bonus Chase Bank $100 Bonus Chase Business $300 Bonus
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. M&T Bank: Pricing information from published website as of 01/25/2023 based on 14203 zip code Chase: Pricing information and data points from published website as of 12/17/2020

Member FDIC

Chase Total Checking® - $200 Bonus

Open an Account

Expires 4/19/2023

New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking^® account and set up direct deposit
Access to more than 16,000 Chase ATMs and more than 4,700 branches
Chase Mobile^® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
Open your account online now
Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

*With Chase Overdraft Assist℠, we won't charge an Insufficient Funds Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

Member FDIC

Chase Secure Banking℠ - $100 Bonus

Get $100 Coupon

Expires 4/19/2023

New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
Set up direct deposit and you may get your money up to two business days early - exclusively for Chase Secure Banking℠ customers.
No minimum deposit to open an account and get started.
No overdraft fees with a Chase debit card that helps you stay within your balance.
Get more for your money. Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
No paper checks to track and no Chase fees on money orders or cashier's checks.
Pay bills, cash checks and send money with Zelle^® all for a $4.95 monthly service fee.
Bank from anywhere with access to more than 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.

Member FDIC

Chase Business Complete Banking℠ - $300 Bonus

Get $300 Coupon

Expires 2/16/2023

Earn $300 when you open a new Chase Business Complete Checking℠ account. For new Chase business checking customers with qualifying activities.
Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink^® Business credit card.
Built-in card acceptance. Accept card payments anytime, anywhere in the U.S., and get transparent pricing with Chase QuickAccept℠.
Same-day deposits with QuickAccept. Free up the cash you need to keep your business moving forward with same-day deposits at no additional cost.
Alerts to help you stay on top of your account activity.
Easy account management through Chase Business Online and the Chase Mobile^® app.
Unlimited electronic deposits, ACH and Chase QuickDeposit℠
Convenient access to more than 16,000 ATMs and more than 4,700 branches.

Which is Better: M&T Bank or Chase?

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

In short: Chase's mobile app is impressive.

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?