M&T Bank is a regional bank that’s located in the upper East Coast. Although they don’t offer high interest rates on their savings accounts, they are well known for their exceptional customer service.
In comparison to Bank of America thats available nationwide. They offer many different accounts: checking, savings, CDs, IRA and investment accounts through Merrill Edge.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most
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|M&T Bank||Bank of America|
|Locations||690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida (Locator)||Over 5,000 locations (Locator)|
|ATMs||More than 1,500 M&T Bank ATMs in New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida.||Over 1,800 ATMs|
|Pros||-Free checking option
-High APY for Promo CD
-Free savings with checking
-Extended customer service hours
-Full service bank
-Subpar savings APY
|-No free checking option
– Low interest rate
-Many miscellaneous banking fees
|Bottom Line||M&T Bank has a free checking option and a wide range of deposit accounts that caters to people of all pages.||Bank of America operates nationwide offering many account options like checking, savings, and more!|
|My favorite bank transfer hub is the American Express® High Yield Savings Account:
• Earn 0.50% APY on your deposits. Your High Yield Savings account earns interest daily and is posted to your account monthly.
• Links easily with your current bank accounts. No need to switch banks.
• FDIC Insured. Your account is insured to at least $250,000 per depositor.
• No monthly fees, no minimum balance.
• 24/7 Account Access
Which Bank is Better: M&T Bank or Bank of America?
- If you’re not looking for high interest and wanting a conveniency then M&T Bank is a good option. Plus their customer service is really hard to beat.
- Bank of America has many account options and their user friendly interface and mobile app is noteworthy. They offer lower interest rates!
|Chase Business Complete BankingSM||$300 Cash||Review|
|Chase Total Checking®||$200 Cash||Review|
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|Huntington 25 Checking||$300 Cash||Review|
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