M&T Bank

Commercial bank · Buffalo, United States

M&T Bank has traded as Manufacturers and Traders Trust Company since 1856 and is the twenty-first largest bank in the United States, with USD 214.2 billion of consolidated assets and 972 domestic offices at 31 March 2026. It banks retail customers, small businesses, commercial and institutional clients across 12 eastern states and Washington DC, and owns Wilmington Trust for corporate and institutional trust work. The bank has been profitable every quarter since 1976 and reported net income of USD 2.9 billion in 2025. It has no foreign offices, so a business banking outside the United States needs a second provider.

Legal name: Manufacturers and Traders Trust Company
Regulated by: Federal Reserve, FDIC, New York State Department of Financial Services
Licence confirmed: yes, on a regulator's own list
Established: 1856
Website: www.mtb.com

Scores, 0 to 10

8.0Financial strength & stability

USD 214.2 billion of assets, FDIC insured, net income of USD 2.9 billion in 2025 and profitable in every quarter since 1976. · source

7.5United States

Twenty-first largest US bank with USD 214.2 billion of assets and 972 domestic offices at 31 March 2026, covering 12 eastern states and Washington DC. · source

5.0Cross-border payments, FX and multi-currency accounts

International services are sold to commercial clients, but the bank has no foreign offices and publishes no currency list or FX margin. Treasury management for commercial and institutional clients backed by Wilmington Trust, but with no foreign offices there is no cross-border cash pooling. · source

5.0Trade, manufacturing & import-export

Commercial international services are offered, but no foreign offices are recorded, which caps the correspondent reach behind trade instruments. · source

5.0Business cards (Visa, Mastercard)

Commercial card and payables products sit inside treasury management; no virtual cards or per-card spend controls are published. · source

5.0On-ramp: buy crypto with fiat

Evidence is thin and retail-side: an April 2026 guide reports ACH and wires from M&T accounts to FinCEN-registered exchanges such as Kraken go through without blocks, within a USD 2,000 daily ACH cap on personal accounts, while M&T publishes no rule for business payments to exchanges. · source

4.5Best interest on business balances

Business deposit and money market products exist but no rate, sweep threshold or minimum is published on the commercial site. · source

4.5Off-ramp: crypto to fiat in a business account

Evidence is thin: M&T publishes no source-of-funds process for exchange proceeds; incoming wires from US-registered exchanges are reported as normal transfers, but transfers tied to unlicensed offshore platforms can be held or returned. · source

4.0Lowest fees

No pricing is published on the commercial pages; business and commercial account fees are set relationship by relationship. · source

4.0Fast digital onboarding

Commercial onboarding runs through a relationship manager and a branch network of 972 offices, with no published time to open. · source

4.0Online businesses: e-commerce and SaaS

Merchant services and domestic deposit accounts, without multi-currency collection accounts or marketplace payouts. A software company is banked as any commercial client, with no receiving accounts for foreign firms and no recurring revenue financing. · source

4.0Startups & VC-backed companies

Startups are banked as ordinary small businesses; there is no venture debt product or innovation banking unit on the site. · source

3.5Fintech companies that need a partner bank

No safeguarding accounts, sponsor banking or rail access product for payment firms is published. · source

3.0Crypto-friendly bank

M&T publishes no policy on banking crypto exchanges, brokers or miners on its commercial pages. · source

3.0Foreign-owned & non-resident companies

A domestic bank with no foreign offices and no published policy for foreign-owned or non-resident-directed companies. · source

2.5High-risk verticals (iGaming, cannabis, adult, forex)

No onboarding path for gambling, cannabis, adult or forex operators appears on the commercial pages. · source

2.0Customer satisfaction

Trustpilot 1.3 out of 5 from 311 reviews. · source

2.0Stablecoins (USDC, USDT and others)

M&T is one of six design partner banks for the Cari tokenized deposit network on ZKsync, which an August 2026 Fireblocks post says reaches production later in 2026; these are tokenized deposits, not stablecoins, and no business client can use them yet. · source

1.0Crypto wallet and custody for a business

M&T offers no crypto custody to business clients today; a May 2026 job posting for its Wilmington Trust institutional arm says a digital custody and wallet product is being designed, which confirms nothing is live, checked September 2026. · source

1.0Accept crypto payments

No crypto or stablecoin acceptance appears in M&T's commercial payments and merchant services pages, checked September 2026. · source

1.0Bitcoin

M&T sells no bitcoin, runs no crypto custody and offers no in-app trading for any client, checked September 2026. · source

1.0Ethereum

M&T offers no ether trading, custody or staking for any client, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.