M&T Bank vs Capital One: Which Is Better?

M&T Bank is a regional bank that’s located in the upper East Coast. Although they don’t offer high interest rates on their savings accounts, they are well known for their exceptional customer service.

While Capital One offers high interest rates without all the online fees, however it’s not as high compared to other online banks. They also offer convenience checking and savings under one roof.

Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most


	M&T Bank	Capital One
Locations	690 bank branches located throughout New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida (Locator)	Online based banking
ATMs	More than 1,500 M&T Bank ATMs in New York, New Jersey, Pennsylvania, Maryland, Washington, D.C., Virginia, West Virginia and Florida.	Over 39,000 no-fee Capital One & Allpoint ATMs
Savings	3/5	3.5/5
CD	3/5
Checking	4/5	5/5
Money Market	3/5	4/5
Customer Service	4/5	4.5/5
Mobile App	3.5/5	4.5/5
Pros	-Free checking option -High APY for Promo CD -Free savings with checking	-Overdraft protection options -No account minimums -27 Capital One cafes for in-person support
Cons	-Fee heavy -Subpar savings APY -Limited branches	-Low savings APY compared to other online banks
Bottom Line	M&T Bank has a free checking option and a wide range of deposit accounts that caters to people of all pages.	Capital One offers several banking products like checking and savings.

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Bottom Line

Which Bank is Better: M&T Bank or Capital One?

In summary:

If you’re not looking for high interest and wanting a conveniency then M&T Bank is a good option. Plus their customer service is really hard to beat.
Capital One has a good range of banking services. They are a good online bank that also has access to in-person support.

For more variety of options, see our list of the best bank account bonuses & savings account offers.