Wire transfer is the fastest mode of receiving money in your M and T Bank account. You can receive money from within USA (Domestic Wire Transfers) or from a foreign country (International wire transfer). The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to M and T Bank

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in USA) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Note: Banks in USA don’t use IBAN account number.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your M and T Bank account, please use the following wire instructions:

Bank Name:	M and T Bank
SWIFT/BIC Code for M and T Bank:	MANTUS33
Routing Transit Number:	022000046
Bank Address, City & State:	M and T Bank One M and T Plaza, Buffalo, NY 14203 (regardless of where your account is located)
Beneficiary Account Number:	Your complete M and T Bank account number (including leading zeros)
Beneficiary Name:	The name of your account as it appears on your statement
CHIPS Participant:	0555

Note of Caution on Fees: If your money transfer involves currency conversion, there is a high chance you will get a poor exchange rate from the banks and as a result pay high hidden fees. We recommend services like TransferWise for getting best conversion rates and lower wire transfer fees.

Domestic Wire Transfer to M and T Bank

Domestic wire transfers are run through either the Fedwire system or the Clearing House Interbank Payments System (CHIPS). Wire transfers are different from ACH transfers. Wire transfers are real time transfers (receiver usually get the money, same day) and costs more than ACH transfer (which takes 2-4 days for transfer of money).

Incoming Domestic Wire Transfer Instructions

You can receive funds to your M and T Bank account from any bank within USA using domestic wire transfer. You need to provide the following details to sender of the funds who will initiate the domestic wire transfer through his/her financial institution.

Bank Name :	M and T Bank NA
Wire Transfer Routing Number:	022000046
Account Holder Name:	Your Name
Account Number:	Your Bank Account Number
Bank Address, with City & State:	M and T Bank One M and T Plaza, Buffalo, NY 14203 (regardless of where your account is located)

Wire Transfer Fees for M and T Bank

International and Domestic Wire Transfer Fees for M and T Bank are as follows:

International	Incoming	$16 for each transaction
	Outgoing	$75 for each transaction
Domestic	Incoming	$16 for each transaction
	Outgoing	$32 for each transaction

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Sending Wire Transfer From M and T Bank

To transfer funds to an International/Domestic account from your M and T Bank account, you need to fill Wire Transfer Request Form which can be availed from any M and T Bank branch.

1. Complete all fields on this form as per Wire Transfer Instructions.
2. The completed and signed Wire Transfer form can be provided to any of M and T Bank branch.
3. Keep the Wire Transfer Disclosure for your records.
4. Wire transfer requests must be received and confirmed by cut-off time of M and T Bank.
5. There is a fee for sending a wire transfer.

Note: For international wires requested after M and T Bank daily cut-off time, due to fluctuations in the foreign exchange rates, international wire transfers for amounts other than U.S. currency will be estimated and processed on the next business day at the foreign exchange rate valid at that time.

Wire Transfer Cut-off Time for M and T Bank

1. Wire transfer daily cut-off time for International wire transfers is 4:30 p.m. ET
2. Wire transfer daily cut-off time for Domestic wire transfers is 5:30 p.m. ET
3. Requests received after cut-off time will be processed the next business day.