M&T offers account without checking for ‘unbanked customers’

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M&T Bank has added a new product to its lineup that makes banking more accessible to these “unbanked” consumers, including those who have been denied a traditional bank account in the past.

About eight percent of the population does not have a traditional bank account.

M&T is the largest full-service bank in Delaware.

M&T’s new MyWay Banking product helps customers get on track to better manage their finances. This “checkless” checking account provides the same benefits of a traditional checking account, including a debit card and mobile banking, without worries over overdraft fees or bounced checks. Other features include:

  • Free, customizable debit card to securely make purchases or withdraw cash from the ATM

  • Online and mobile banking services like remote check deposit, bill pay, and balance alerts

  • Zelle payment service to easily transfer funds directly from one person to another

  • Secure way to shop online

More information on M&T Bank’s MyWay Banking can be found here.

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