Additional information of MyWay Banking account
We can say that the MyWay Banking account from M&T Bank, like others from this entity, is designed for those who live on the East Coast.
Although this regular management instrument for your income does not offer interest on balances or the possibility of issue paper checks, you do get a debit card and the Bill Pay service (within the U.S.) to pay your bills.
On the one hand, this checking account has a $4.95 maintenance fee. However, you can avoid this fee by making one or more monthly transactions (debit payment, deposit, withdrawal, etc.). In addition, you have overdraft protection because if you don't have funds, the transaction will be declined.
We know that M&T Bank operates in DC and 12 other states: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Vermont, Virginia and West Virginia.
In its catchment area you can visit its more than 1,000 branches and use its more than 1,800 ATMs nationwide at no cost.
You can also send money with Zelle or affiliate various payment systems (Apple, Google, FitBit, Garmin and Samsung) through mobile/online banking to pay with your favorite devices. As far as fees are concerned, you will be charged $3 if you use another bank's ATM.
To get this account, you only need to be 18 years old or older and the minimum deposit of $25. If you are a minor, you open a joint account with a debit card with the help of a representative or guardian.
M&T Bank's MyWay Banking account may be what you're looking for if you live in one of the states where it has a presence. Otherwise, you can opt for other financial institutions, such as Bank of America or Truist Bank, which have more coverage.
Español: Cuenta corriente MyWay Banking de M&T Bank