M&T Bank vs TD Bank

M&T Bank is an upper East Coast bank with free checking option and good promo CD rates. How does it compare to TD 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 TD Bank has over 1,100 locations on the East Coast. Known as "America's most convenient bank," it offers extended banking hours and 24/7 customer service by phone. Monthly service fees can be waived with somewhat low minimum balance requirements.

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

	M&T Bank	TD Bank
	SPECIAL OFFER Referral Program - Up to $500 Bonus - Learn More Read M&T Bank Review	SPECIAL OFFER Referral Program - Up to $500 Bonus - Learn More Read TD Bank 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	0.02% APY. No minimum deposit. $5.00 monthly fee waived if 1) minimum $300 balance or 2) waived for the first 12 months if with recurring transfer of $25 or more from a TD Bank account or if you're under 18 or 62 and older.
CD	Terms from 32 days to 120 months. Minimum opening deposit $1,000.	1.00% APY (up to 3.75% for Relationship APY). Terms of 3 to 60 months. Minimum deposit of $250. Allows one penalty-free withdrawal (depending on account).
Checking		TD Complete Checking, TD Beyond Checking, TD Essential Banking
Mobile App		iOS & Android
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.	2,600 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida
Customer Service	Mon - Fri 8:00 am - 9:00 pm (ET); Sat - Sun 9:00 am - 5:00 pm (ET).	24/7 Live Customer Service (Telephone)
IRA CD		1.00% APY (up to 3.75% for Bump Rate APY). Terms of 3 months to 5 years. Minimum deposit of $250. Additional contributions and penalty-free withdrawal available (depending on account).
Locations	700 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida	over 1,100 locations
	CreditDonkey® Reviews
Savings
CD
Checking
Money Market
Mobile App
Customer Service
Pros & Cons	Pros: Free checking option High APY for Promo CD Free savings with checking Cons: Fee heavy Subpar savings APY Limited branches	Pros: Extended banking hours Low requirements to waive monthly fees No foreign transaction fees Cons: No free checking Low APY Only on East Coast
Bottom Line	Upper East Coast bank with free checking option and good promo CD rates... Read full review	East Coast bank with relatively low minimum balance requirements... Read full review
	Referral Program - Up to $500 Bonus M&T Tailored Business Checking Account - $1,500 Bonus M&T Tailored Business Checking Account - $750 Bonus	Referral Program - Up to $500 Bonus Student Checking Account - $100 Bonus TD Choice Promotional CD with Relationship APY
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 04/24/2025 based on 14203 zip code TD Bank: Pricing information from published website as of 04/04/2025 based on 08034 zip code.

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

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 Chase.

In short: TD Bank's mobile app and customer service are worth mentioning. In particular, the customer service is outstanding.

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 Chase
• M&T Bank vs Wells Fargo
• M&T Bank vs KeyBank

Articles on TD Bank

TD Bank

TD Bank offers extended customer hours and easy online banking. Are these perks worth it? Find out what makes TD Bank a great choice for you and some reasons to look elsewhere.

• TD Bank vs Bank of America

TD Beyond Checking Bonus

TD Bank is offering $300 to open a Beyond Checking account. Find out how to earn the bonus.

TD Bank Hours

TD Bank is open 7 days a week, depending on the location. Here's when you can visit a branch near you.

TD Bank Open Account

Open your TD Bank account with ease. All details in this comprehensive guide. Don't miss the bonus.

TD Bank Routing Number

Find your TD Bank routing number by state. Get the correct number with and without a check.

Which Do You Think is Best?

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