PR Newswire
BUFFALO, N.Y., Feb. 8, 2022
BUFFALO, N.Y., Feb. 8, 2022 /PRNewswire/ -- M&T Bank (NYSE: MTB) today announced new efforts to limit overdraft-related fees and give customers more flexible options to meet their personal financial needs. These offerings -- which include eliminating the non-sufficient funds fee and overdraft protection transfer charge from a linked deposit account; reducing overdraft fees to $15 and limiting daily fee assessment to once per day -- build on actions the company has taken over the past several years to empower customers to bank with more confidence.
"Financial wellness is a critical component to the quality of one's life," said Chris Kay, head of consumer banking, business banking and marketing at M&T Bank. "We're committed to building a banking experience around our customers' needs. The enhancements we're making today, along with those we've made previously, make our banking services more accessible and give our customers more choice and flexibility in managing their finances – especially during challenging times."
The changes are scheduled to take effect during the second quarter of this year. The company will provide customers with more specific information in the coming weeks.
M&T has re-doubled its commitment to assisting customers in managing their financial wellness and is a proud member of the Bank On coalition, which supports local financial institutions in their efforts to connect consumers to safe, affordable bank accounts.
Over the past several years, M&T has introduced several banking solutions with those goals in mind, including:
About M&T Bank
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T's principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T's Wilmington Trust-affiliated companies and by M&T Bank.
Media Contacts:
New York (excluding NYC), National Media and Trade Publications:
Julia Berchou
(716) 842-5385
[email protected]
Delaware, Maryland, Pennsylvania, Virginia and Washington, DC:
Scott Graham
(410) 244-4097
[email protected]
New Jersey, Connecticut and New York City:
David Samberg
(201) 368-4515
[email protected]
© 2022 M&T Bank. Member FDIC. Equal Housing Lender.
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SOURCE M&T Bank Corporation
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