M&T Bank : Overdraft Protection
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Overdraft Protection Plans

We offer several options to help you avoid the inconvenience of a bank overdraft. There is no annual fee for our overdraft protection plans, just a transfer fee that you pay only when you use the service!  With an overdraft protection plan, available funds from your linked line of credit, savings account, or credit card account are automatically transferred to your checking account in the event you should overdraw. M&T Bank overdraft protection plans provide flexibility in case funds are not readily available at the time of withdrawal.

OVERDRAFT PROTECTION PLAN TRANSFERS RATES AND
FEES*
ADDITIONAL INFORMATION APPLY NOW

M&T Bank Overdraft Line of Credit

$250-$25,000 line of credit linked to your M&T checking account.

We will transfer the amount needed to cover overdrafts on your personal checking account. You must have enough credit available in your linked line of credit for the transfer to occur.

Annual Percentage Rate (APR): 18%1

No annual fee1

Overdraft Transfer Fee: $12.50 for each transaction, but charged no more than once per day1,2,3

Automatic access to funds when you perform a transaction on your M&T Checking Account:

  • M&T Telephone Banking
  • M&T Web Banking®
  • M&T Branch
  • By writing a check

Customers must have an M&T Checking Account

You will be billed monthly for overdraft transfers and any applicable interest charges and fees on your Overdraft Line of Credit statement that is combined with your monthly checking account statement.

Subject to Credit Approval

Apply Now

M&T Bank Savings Account
Link

We will transfer the amount needed to cover overdrafts on your personal checking account. You must have enough funds available in your linked savings account for the transfer to occur.4

Transfer Fee=$12.50 per transfer, charged no more than once per day3

No annual fee

Automatic access to funds when you perform a transaction on your M&T Checking Account:

  • M&T Telephone Banking
  • M&T Web Banking®
  • M&T Branch
  • By writing a check from your checking account

Customers must have an M&T Checking Account

Open an account

M&T Visa Credit Card Overdraft Protection

We will transfer the amount needed to cover overdrafts on your personal checking account up to the amount of the available credit on your M&T Visa Credit Card. You must have enough credit available on your linked M&T Visa Credit Card for the transfer to occur.

Overdraft Transfer Fee: $12.50 for each transaction, but charged no more than once per day3,5

Transfers from your M&T Visa Credit Card are subject to a variable Interest Rate. Please see your M&T Visa Credit Card disclosures for additional information.

Automatic access to funds when you perform a transaction on your M&T Checking Account:

  • M&T Web Banking®
  • M&T Branch
  • M&T ATM
  • By writing a check

Customers must have an M&T Checking Account

You will be billed monthly on your Credit Card statement for overdraft transfers and other charges made using your M&T Visa Credit Card.

Apply Now

Apply for a Bank Overdraft Protection Plan Now
To apply for a line of credit, please visit your local branch, call the M&T Telephone Banking Center at 1-800-724-3222, or apply online:

To link a savings account as overdraft protection, please visit your local branch or call 1-800-724-2440.

For a new M&T Visa Credit Card, please visit your local Branch, call 1-800-724-2440, or apply online:

* For additional information on rates and fees, please call the M&T Telephone Banking Center or visit your local branch.

1See Overdraft Line of Credit Pricing information

2For Lines of Credit opened after May 15, 2010 and linked as overdraft protection to any M&T personal checking account. Fees for transfers from Lines of Credit opened on or before May 15, 2010 may vary.

3There is no transfer fee for automatic overdraft transfers to a Power Checking account.  With any personal checking account, you can enroll in the No Fees for Overdraft Protection Transfers Custom Add-on. For more information, visit mtb.com/customchecking.

4Regulations limit the number of certain types of withdrawals and transfers that can be made from a savings account during any calendar month.  If this limit would be exceeded by a transfer, that transfer may not be made.

5See Credit Card Pricing information

Unless otherwise specified, all advertised offers and terms and conditions of accounts and services are subject to change at any time without notice. After an account is opened or service begins, its features and terms are subject to change at any time in accordance with applicable laws and agreements.

 
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