Savings Essentials
Which savings account do you qualify for free if you have a personal checking account with us?
Relationship Savings
What are the 3 additional savings accounts we offer (that are not Premium or Relationship Savings)?
M&T Starter Savings, Certificate of Deposit, Retirement Accounts.
What are the 4 checking accounts we offer?
MyWay Banking, EZChoice Checking, MyChoice Plus Checking, MyChoice Premium Checking
What are the 4 types of credit cards we offer?
M&T Visa Signature, M&T Visa Credit Card with rewards, M&T Visa Credit Card, and M7T Secured Credit Card
Which credit card would you recommend to a customer that travels out of the country a lot and why?
M&T Visa Signature Credit Card, customer earns the most rewards and no foreign transaction fees.
Which savings account would you recommend to a customer that has a balance of $15000 in their savings and wants to earn interest, but also needs it be accessible in case of an emergency.
M&T Premium Savings
The account for minors (18 and under) to start saving money.
M&T Starter Savings
This account CAN be interest bearing and must have a average daily balance of $2500 or more OR have direct deposits totaling $1500 or more per service charge cycle to avoid a monthly maintenance fee.
MyChoice Plus Checking
Which credit card must have money in a savings account to use as collateral and helps the customer build their credit score if it is very poor or nonexistent?
M&T Secured Credit Card
What are the annual fees for each of the credit cards?
There is none :)
What is the qualification to avoid the monthly maintenance fee for a M&T Premium Savings?
Have to keep a $10,000 balance daily.
What type of account allows you to lock in a guaranteed rate over a selected term length?
Certificates of Deposit (CDs)
This account includes free checks and must have an average daily balance of $7500 or more per monthly service charge cycle OR combined balances of $25,000 or more in eligible accounts to avoid monthly maintenance fees.
MyChoice Premium Checking
Which credit cards offer Convenience Checks?
M&T Signature, M&T Credit Card with rewards, M&T Credit Card
Which credit cards can be used for overdraft protection and what are the fees for each account for the overdraft transfer?
All four credit cards can be used for overdraft protection and each credit card has an $8 overdraft fee per day.
What are the (3) qualifications to avoid the monthly maintenance fee for a Relationship Savings?
Have any personal checking account with us, make at least one deposit a month, or keep a minimum daily balance of $500.
These types of accounts are offered in forms of Traditional IRA, Roth IRA, Roth Conversion and can be a Money market account or a CD.
What are the qualifications for the EZChoice Checking? MyWay Banking?
EZChoice - Nothing, it is a free checking account.
MyWay - Nothing as long as they make one or more transaction per monthly service charge cycle
Which credit cards offer rewards and what are the cashbacks for each?
Signature - 1.5% on every purchase
Credit Card with rewards - 1 point per every $1 spent on every purchase
What is the late fee if a payment is late on any of the credit cards?
Each credit card has up to a $35 late fee.
What are the maintenance fees for M&T Premium Savings and Relationship savings if you do not meet the monthly maintenance guidelines?
Premium Savings - $20
Relationship Savings - $7.50
What are the monthly maintenance charges for the 3 additional savings accounts we offer?
What are the monthly maintenance fees for each of the 4 checking accounts if their qualifications are not met?
MyWay - $4.95
EZChoice - $0
MyChoice Plus - $14.95
MyChoice Premium - $24.95
Which credit card offers the lowest APR rate at 18.49%-22.49%?
M&T Visa Credit Card
Which credit cards offer cash advance and what is the APR rate for it?
All four credit cards offer cash advance and each one is 27.49% APR