M&T Bank offers a wide range of checking and savings products across the Upper East Coast and Florida. With 690 branches, residents can take advantage of features such as no-fee checking, as well as interest checking but with heavier requirements to waive service fees.
Meanwhile, Capital One has competitive rates for their savings account. With their interest checking, there are a few overdraft choices in accidental overdraw. Plus, there aren’t any minimum deposit requirements or service charges.
Read below for more information comparing M&T Bank and Capital One.
| BONUS LINK | OFFER | REVIEW |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
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| M&T Bank | Capital One | |
| Locations | Nearly 690 branches
(Locator) |
Nearly 755 branches
(Locator) |
| ATMs | Over 1,500 ATMs | About 2,000 ATMs |
| Savings | 3/5 | 3.2/5 |
| CD | 3/5 | — |
| Checking | 4/5 | 5/5 |
| Money Market | 3/5 | 4/5 |
| Customer Service | 4/5 | 4.2/5 |
| Mobile App | 3.2/5 | 4.2/5 |
| Pros | -Free checking option -High APY for Promo CD -Free savings with checking |
-Overdraft protection options -No account minimum -27 Capital One cafes for in-person support |
| Cons | -Fee heavy -Low-interest rates -Limited branches |
-Low savings APY |
| Bottom Line | M&T Bank has a great checking account and services. | Good online bank with access to in-person support |
Comparing Both Banks
M&T Bank offers multiple free accounts and offers great specials, however, these accounts may be fee heavy. Capital One has excellent accounts and utensils for their clients as well.
Additionally, M&T Bank has low interest rates and comes with fees that can’t always be waived. With Capital One, they offer more competitive rates for specific accounts and little to no fees that can be waived.
Different Bank Accounts
Like all banks, Capital One has many different accounts to choose from. However, their savings accounts will offer you a competitive rate. There are two current bonuses that they have to offer as well. Normally, these accounts don’t come with a minimum deposit or service charge either.
With M&T Bank, they only offer three checking accounts. These accounts are listed below:
- EZChoice Checking: This account offers you online and mobile banking. You can earn interest on this account while having no minimum monthly balance.
- MyChoice Plus Checking: The service fee is waived if you keep a minimum monthly balance of $2,500 in your checking account or have monthly direct deposits of at least $1,500. This account does earn interest.
- MyChoice Premium Checking: You would need a monthly balance of $7,500 or a total combined balance of $25,000 to qualify. This account comes with access to a safe deposit box, and no M&T fees for incoming wires (domestic or foreign).
Conclusion
Now, with this bank guide, you’ll be able to see which bank is better for you. Overall, when you open a new bank account with any bank, it’s best to do some digging before you settle. Plus, there are several features and benefits that come with each account. However, Capital One seems to have more to offer when it comes to rates and account perks.
