Offer value details
M&T describes MyChoice Plus Checking as a checking account with ATM surcharge rebates and an option to earn interest.
Qualification requirements
M&T lists a $25 minimum opening balance. Outside the New Jersey-region exception, the product and comparison pages say the $14.95 monthly maintenance charge can be waived with either a $2,500 average daily balance or direct deposits totaling $1,500 or more per monthly service charge cycle. The common-fee guide lists New Jersey-region terms of a $4.95 monthly charge waived with either a $500 average daily balance or $500 in direct deposits per cycle.
Fees and costs
M&T says fees and account features vary by region. Its common-fee guide lists a $4.95 monthly charge and lower $500 waiver thresholds for New Jersey regions instead of the standard $14.95 charge and standard waiver thresholds. Other transaction and service fees, including overdraft fees, can apply even when no monthly maintenance charge applies.
Availability
M&T asks for a home ZIP code because products can vary by location. Current official application copy says applicants must be at least 18 and a U.S. citizen, while separate online-opening language describes restrictions for non-U.S.-citizens and nonresident aliens; applicants should confirm current citizenship and residency eligibility before applying.
What to verify
- The $0 monthly fee requires meeting the balance or direct-deposit waiver each service charge cycle.
- The APY is variable and fees could reduce earnings.
- Overdraft, ATM, wire, card, and other service fees can apply.
- Products, fees, and waiver thresholds vary by location; New Jersey regions have a lower monthly charge and different waiver thresholds in the common-fee guide.
- Official citizenship and residency wording is not fully consistent across the reviewed M&T pages, so online eligibility should be confirmed before applying.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.