How Do I Open a Trust Account at M&T Bank?

Opening or retitling

In a branch

Available

Online

Not available

What it costs

M&T Bank does not state the monthly fee or fee-waiver balance for a trust account.

Schedule that applies

Not published; M&T provides each account's fee terms on request at a branch or through its Contact Center

For trust accounts

Balances on accounts the customer holds as trustee do not count toward M&T Preferred Money Market relationship balances, and some trust accounts cannot be upgraded to Preferred Money Market. Relationship Savings is for individuals only.

What to know at M&T Bank

M&T provides its General Deposit Account Agreement and the Specific Features and Terms for each account on request at any M&T banking office or through the Contact Center.

Not in M&T Bank's published guidance

• Which documents it asks for
• Whether it can be opened by phone or by mail
• Whether the account is opened under the grantor's SSN or the trust's EIN
• Whether a certification of trust or the full trust document is needed
• Whether it has its own certification of trust form
• Whether an existing account can be retitled to the trust
• Whether a branch appointment is needed
• Whether every co-trustee must sign or appear
• Whether you must already bank there
• Whether the account comes with online banking, checks, or a debit card