EverBank Business Checking vs M&T Business Checking: which one fits your business?
Side-by-side comparison of EverBank Business Checking and M&T Business Checking — fees, features, ease, support, and which one fits your business. Scored on the same rubric.
Short answer: EverBank Business Checking wins on our scorecard (7.5/10 vs 7.1/10).
| Scored on | EverBank Business Checking | M&T Business Checking |
|---|---|---|
| Right fit for small biz | 8 | 8 |
| Ease of use | 6 | 7 |
| Fees & pricing | 9 | 7 |
| Customer support | 7 | 8 |
| Features | 7 | 6 |
| Monthly maintenance fee | $0 | — |
| Minimum opening deposit | $1,500 | — |
| Domestic incoming wire | $0 | — |
| Domestic outgoing wire | $25 | — |
| Simple Business Checking Monthly Fee | — | $5 (Waived with 5+ transactions) |
| Tailored Business Checking Monthly Fee | — | $20 (Waived with $5k balance) |
| Cash Deposit Limit (Free) | — | $5,000 per month |
| Domestic Outgoing Wire | — | $35.00 |
EverBank Business Checking in one paragraph
A powerhouse for interest-seeking businesses that don't mind a slightly dated digital experience in exchange for top-tier yields and zero monthly fees.
Skip it if: Skip it if your business handles physical cash daily or if you need 24/7 technical support.
M&T Business Checking in one paragraph
M&T Business Checking is a rock-solid choice for East Coast businesses that value cash handling and branch access over flashy digital features.
Skip it if: Skip it if you are a 100% digital business that needs automated bookkeeping integrations and high-yield interest on your operating capital.
Frequently asked questions
Which is better, EverBank Business Checking or M&T Business Checking?
On our five-axis scorecard, EverBank Business Checking scores higher (7.5/10 vs 7.1/10). A powerhouse for interest-seeking businesses that don't mind a slightly dated digital experience in exchange for top-tier yields and zero monthly fees.
Who should skip EverBank Business Checking?
Skip it if your business handles physical cash daily or if you need 24/7 technical support.
Who should skip M&T Business Checking?
Skip it if you are a 100% digital business that needs automated bookkeeping integrations and high-yield interest on your operating capital.