M&T Bank overdraft fee
M&T prints the overdraft dollar on its understanding overdrafts page. Personal checking other than MyWay is $15 a day, and only one fee a day. MyWay has no overdraft fees. The monthly fees are on [how to waive the monthly fee at M&T Bank](/guides/waive-mt-bank-monthly-fee). The wider table is [US overdraft fees by bank](/guides/us-overdraft-fees-by-bank).
Last updated: October 21, 2026
Last checked: Oct 2026
The $15 daily fee
Opened 21 October 2026. The figures are from M&T's understanding overdrafts page. M&T charges an overdraft fee of $15 per day on a personal checking account, with a maximum of one fee per day, even if several transactions overdraw the account.
You are not charged if the item is less than $5. You are not charged if the account was already charged an overdraft fee for items processed that business day. You are not charged if the overdraft came from an ATM withdrawal or an everyday debit card transaction and you did not opt in. You are not charged if an ATM or one-time debit was authorized while the available balance could cover the final amount. MyWay Banking is the account with no overdraft fees.
The page lists 1-800-724-2440 for calling the bank, and 1-877-378-1289 on the button labeled for opt-out only. Use the number on your statement if it disagrees.
The line on your own statement is the one that counts. Upload it on the upload page. The PDF stays on your device. Expenvo lists the lines. It does not call the institution.
| Line | What the page prints |
|---|---|
| Personal checking, other than MyWay | $15 per day |
| Daily cap | One overdraft fee per business day |
| Item under $5 | No overdraft fee |
| ATM or everyday debit without opt-in | No overdraft fee |
| MyWay Banking | No overdraft fees |
| Overdraft line of credit transfer | $8 per day, no annual fee |
| Credit card link transfer | $8 per day, plus a variable APR |
MyWay and the $8 transfer
MyWay Banking has no overdraft fees. If there is not enough money, the transaction is declined in most cases. If the account is still overdrawn, M&T says you are not charged an overdraft fee. MyWay is not eligible for an overdraft line of credit, a savings link, or a credit card link. The monthly maintenance charge on that account is $4.95 unless you make at least one deposit, withdrawal, or debit card purchase in the cycle. That monthly dollar is already on the monthly-fee page. It is not the overdraft fee.
An overdraft line of credit can be up to $25,000, with no annual fee. Transfers use that line's APR and an $8 transfer fee, charged for each transfer and not more than once per day. A link to an M&T credit card is also $8 a day, plus that card's variable APR. MyWay cannot use either link.
Questions
- How much is an M&T overdraft fee?
- The understanding overdrafts page prints $15 per day on personal checking, with a maximum of one fee per business day. An item under $5 is not charged.
- Does MyWay Banking have an overdraft fee?
- No. M&T says no overdraft fees are assessed on MyWay Banking. That account also cannot be linked to an overdraft line of credit, savings, or a credit card for overdraft protection.
- What does the $8 M&T line cover?
- It is the transfer fee for an overdraft line of credit or a linked M&T credit card, not more than once per day. The line of credit has no annual fee. Interest is separate. It is not the $15 overdraft fee.
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