M and T Bank Complaint - M And T Is A Rip Off!
DO NOT USE M AND T BANK. THEY ARE A RIP OF! THEY ARE NOT CONSUMER FRIENDLY, BUT ONLY OUY TO GET YOUR MONEY THROUGH FEES AND OTHER BOGUS CHARGES. In New York, M and T charges 50 cents if you use your debit card and enter your PIN #. You have to select credit. Also, if you use a non M and T ATM machine, they will charge you a $2 -$4 fee depending on how much $ you withdraw,. That is in addition to the fee you are charged at the non M and T ATM machine. Most banks do not exercise these practices anymore. Also, the next business day at this bank begins at 2:00 or 2:30 pm. So, if you have $0 in the bank and you know a check is going to be submitted that day for payment, you had better haul your butt in the branch before 2:00 pm or else the deposit will be posted with the following date and the check that came in the previous day will be paid, but they are going to charge you a $37 overdraft fee b/c the money to cover the check was deposited after 2:00 pm. This is what happened to me. I knew a $75 check was coming in on 6/3/09 to be paid. There was no money in the bank. On 6/3/09 at 4:00 pm, I made the cash deposit. Remember, the check has not been posted. There is nothing online showing that anything came in. The teller gave me a receipt that said $75 available.
The next day 6/4/09, the check posted with the date of 6/3/09. My deposit also posted online with a deposit date of 6/4/09 and I was charged an overdraft fee. Doesn't sound fair to me! WAMU and CHASE do not operate that way.