Bank to Bank Transfers

Know what to expect while enhancements for this service are in development.

 

Updates to our Bank to Bank Transfers experience:

We're evolving personal Bank to Bank Transfers to bring you a simplified experience, allowing you to easily move your money between financial insitutions. As a result of the work in progress, our Bank to Bank Transfers service has been paused.

Our Bank to Bank Transfers service is currently paused. When it is reactivated, it will be available through Online Banking to provide the convenience of moving money between your accounts held at M&T and your other financial institutions in the U.S. 

What you need to know

About the Updates

Below is important information about the new experience:

  • You will need to add and verify external accounts in the new experience. 
  • You will be able to transfer up to $2,000 per day and $5,000 per month (rolling thirty days)

We have additional digital tools to help you move money.

Zelle®

Transfer your funds between financial institutions with Zelle®. Enroll at M&T, as well as at your outside finanical insitution, using different emails and/or mobile numbers.

U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.

Bill Pay

Use Bill Pay to make payments or send money directly from your account.

M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.

Mobile Check Deposit

Deposit checks from your outside financial insitution wia the M&T mobile app to move money into your M&T account(s).

Deposits are subject to verification.  Funds from mobile check deposits will not be available for immediate withdrawal. Deposit limits and other terms, conditions, fees and restrictions may apply.  Your mobile carrier's text messaging and data charges may apply.

What's coming with the updated experience:

An improved design  

  • The Bank to Bank Transfers experience will receive a new look, making it simpler to transfer your money

Enhanced security

  • You'll recieve an additional verification code to enter before starting the transfer process

Bank to Bank Transfers FAQs

General: Bank to Bank Transfers Information

A bank to bank transfer is an electronic transfer of money between your M&T personal deposit account (checking, savings, or money market) and a verified non-M&T personal deposit account you have at another financial institution.

Your non-M&T deposit account used must be in the United States of America and be held solely for personal, family, or household purposes. Business accounts are not eligible. Transfers with external accounts held solely by third parties are not eligible and some personal accounts may not be eligible (examples: trust account, individual retirement account, or accounts that limit electronic fund transfers).

Bank to bank transfers can be made between your M&T personal deposit account(s) including, M&T Checking, Savings, or Money Market and your verified non-M&T personal deposit account(s).

Note: The Bank to Bank Transfers service is only available through Online Banking.

Pause in Service: Bank to Bank Transfers Information

While our timeline to update the service is still to be determined, teams are working as quickly as possible to build out our enhanced Bank to Bank Transfers experience. This webpage will be updated as additional information becomes available.

No. This pause does not affect any transfer instructions you provided to another financial institution or other third-party provider to transfer into or out of your M&T account. They will continue as scheduled. The pause only affects transfers initiated or scheduled through Online Banking using the Bank to Bank Transfers service.

No. This does not affect transfers between your M&T accounts (for example, from your M&T checking account to your M&T savings account) or M&T Bill Pay. Additionally, this does not impact your Direct Deposit, M&T mortgage payments, or other Automated Clearing House (ACH) transactions.

While the Bank to Bank Transfers service is paused, other money movement alternatives can be considered. Services can have different processing times, transaction limitations, or may be subject to fees

Some alternatives may include:

  • Zelle®. Transfer funds by enrolling at M&T, as well as at your outside financial institution, using differing emails and/or mobile numbers
  • Bill Pay. Make payments or send money directly from your M&T account(s)
  • Mobile Check Deposit. Deposit checks from your outside financial institution using Mobile Check Deposit via the Mobile app
Even when no transaction fee applies, other fees may apply, including insufficient funds (NSF) and overdraft fees. Some of the fees may not apply to certain checking or savings account types.
U.S. checking or savings account required to use Zelle®. Transactions between enrolled consumers typically occur in minutes. Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license. Other product and company names mentioned herein are the property of their respective owners.
M&T Online and Mobile Bill Pay cannot be used to make payments: (i) to payees located outside the United States; (ii) to taxing authorities or other government entities; (iii) required under court order (e.g., child support); or (iv) in connection with any unlawful activity or purpose.
Deposits are subject to verification.  Funds from mobile check deposits will not be available for immediate withdrawal. Deposit limits and other terms, conditions, fees and restrictions may apply.  Your mobile carrier's text messaging and data charges may apply.

Changes with the New Experience: Bank to Bank Transfers Information

While our timeline to update the service is still to be determined, teams are working as quickly as possible to build out our enhanced Bank to Bank Transfers experience. This webpage will be updated as additional information becomes available.

You will be able to transfer up to $2,000 per day and $5,000 per month (rolling thirty days). 

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, it is subject to its features, conditions, and terms, which are subject to change at any time in accordance with applicable laws and agreements. Please contact an M&T representative for full details.
​Use of these features and services requires Internet and/or data access through a computer or mobile device. Subject to availability and the same limitations as any service available through the Internet. M&T Bank is not responsible for matters that are outside of its reasonable control that might impact availability and functionality. M&T Bank reserves the right to suspend service for any reason at any time. Your mobile carrier’s text messaging and data charges may apply. Fees may apply for optional services provided through M&T Online Banking for Business. View the M&T Digital Services Agreement for additional details.
Even when no transaction fee applies, other fees may apply, including insufficient funds (NSF) and overdraft fees. Some of the fees may not apply to certain checking or savings account types.