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.