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M&T Bank vs PNC Bank

M&T Bank is an upper East Coast bank with free checking option and good promo CD rates. How does it compare to PNC Bank? 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 PNC Bank has 2,600 branches in 19 states mostly on the East. Checking accounts offer a unique Virtual Wallet feature with financial tools to help achieve goals. Account fees are easily waived by meeting account balance or direct deposit requirements.

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

 

M&T Bank

PNC Bank

SPECIAL OFFER
Personal Checking Account - Up to $250 Bonus - Learn More

Read M&T Bank Review

SPECIAL OFFER
Virtual Wallet with Performance Select Checking - $300 Cash Bonus - Learn More

Read PNC Bank Review

 

Benefits and Features

Savings0.02% APY. Monthly service fee of $7.50 unless you 1) maintain a minimum daily balance of $500 or, 2) have a personal checking account with M&T Bank or, 3) make at least one deposit in your Relationship Savings account0.01% APY (0.05% APY - 0.10% APY Relationship rates) minimum deposit of $25. $5 monthly service charge unless you have 1) $300 monthly average monthly balance, or 2) if you are under 18 years old, or 3) set up an Auto Savings transfer of $25 or more each month from your PNC Checking account to your Savings account; 2.00% APY High Yield Savings. No minimum balance. No minimum deposit. $0 Monthly charge. Minimum balance to earn interest is $1.00.
CD0.15% - 1.60% APY. Terms ranging from 32 days - 72 months. Minimum opening deposit $1,000.0.04% - 1.00% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
Money MarketM&T MyChoice Money Market account Regular rate of 0.04% - 0.39% APY, Premium rate of 0.05% - 0.47% APY for qualifying customers.0.02% - 0.16% APY. Minimum deposit is $100. Maximum deposit is $10,000. Monthly service charge of $12 unless you have $5,000 average monthly balance.
Customer ServiceMon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).Mon-Fri 7:00 am - 10:00 pm, (ET)
Sat & Sun 8:00 am - 5:00 pm (ET)
ATMsMore than 1,500 M&T Bank ATMs in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia.
9000 ATMs across 19 states
IRA CD 0.04% - 1.00% APY. Minimum deposit $1,000 - $10,000 (depending on account type and term). Terms range from 7 days to 10 years.
Locations690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida2,400 PNC branches across 20 states.
 

CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & ConsPros:
  • Free checking option
  • High APY for Promo CD
  • Free savings with checking
Cons:
  • Fee heavy
  • Subpar savings APY
  • Limited branches
Pros:
  • Virtual Wallet tools
  • Relatively easy to waive fees
  • Free student account
Cons:
  • Limited branches
  • Low APY
Bottom LineUpper East Coast bank with free checking option and good promo CD rates... Read full reviewEast Coast bank with advanced financial tools to help achieve goals... Read full review

Personal Checking Account - Up to $250 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 10/12/2019 based on 14203 zip code

PNC Bank: Pricing information from published website as of 10/12/2019 based on 19899 zip code.

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

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

In short: PNC Bank's mobile app is worth mentioning.


Articles on M&T Bank


Articles on PNC Bank

    PNC Bank

    PNC Bank has relatively low requirements to waive fees and offers many financial tools to help you meet savings goals. Read on to see if this East Coast bank is right for you.

    PNC Bank Routing Number

    Using the wrong routing number could send your money to the wrong place. Keep reading to find the right PNC routing number for all your transactions.

Which Do You Think is Best?

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