I DON'T UNDERSTAND HOW IT IS LEGAL FOR M&T BANK TO CONTINUE TO CREATE DEBT FOR YOU. I RECIEVED 17 OVERDRAFT CHARGES AT $37 A PEICE THAT COMES TO $629. THATS ALMOST A MORTGAGE PAYMENT. THAT ALSO MEANS AT ONE POINT I PAYED $40 FOR A PACK OF CIGARETTES, UNBELEIVABLE. THIS HAPPEND RIGHT AROUND 5/25/09, EVEN AFTER I DEPOSITED $1000 THAT DAY AND MY BALANCE SHOWED $1450 TO THE POSSITIVE...NEXT DAY TUESDAY, STILL EVERYTHING IS GOOD ALL POSSITIVE ALL OF A SUDDEN WEDNESDAY AND I AM GETTING NAILEED WITH ALL THESE OVERDRAFT CHARGES...BAM, BAM6, FOR MON, BAM 6 FOR TUES, BAM 5 MORE WED...HELL HAD I KNOWN THIS I DEFINATELY WOULD NOT HAVE USE MY CARD...IT SHOWED POSS THEN ALL OF A SUDDEN NSF, NSF, $37 CHARGES THROUGHOUT...THAT IS NOT FAIR BUSINESS PRACTICE. I DO THINK THEY CONTINUE TO COVER EVERYTHING EVEN IF ITS .15 CENTS SO THEY CAN GET THEIR INSUFFICIANT FUNDS FEE, THEY ARE QUICK TO TAKE AND THEY HELPED VERY LITTLE ON GETTING IT BACK...THERE SHOULD BE SOME SORT OF LAW AGAINST CREATING DEBT FOR SOMEONE ELSE...I DO APPRECIATE WHAT HELP I AM BEING OFFERED BUT i AM NOT WORKING AND HAVE NO MORE MONEY COMING IN. THEY SAY THEY WILL GIVE ME 3 BACK IF I PUT IT INTO A SAVINGS ACCOUNT..OK THATS GREAT, I LIKE THAT...BUT HOW ABOUT SPLITTING THE REST WITH ME SO I CAN PAY A FEW BILLS...ALSO TO BOOT, I NOT ONLY DON'T HAVE ANY MONEY AND AM UNEMPLOYED. BUT MY DOG NEEDS TO GO TO THE VET WHICH WILL COST ME $600 ITSELF...WE ALL KNOW VETS DONT TAKE THE PAYMENT PLAN, SO WHAT DO I DO KNOW...I NEED SOME RESOLUTION, HELP!!??!!.

I DON'T UNDERSTAND HOW IT IS LEGAL FOR M&T BANK TO CONTINUE TO CREATE DEBT FOR YOU. I RECIEVED 17 OVERDRAFT CHARGES AT $37 A PEICE THAT COMES TO $629. THATS ALMOST A MORTGAGE PAYMENT. THAT ALSO MEANS AT ONE POINT I PAYED $40 FOR A PACK OF CIGARETTES, UNBELEIVABLE. THIS HAPPEND RIGHT AROUND 5/25/09, EVEN AFTER I DEPOSITED $1000 THAT DAY AND MY BALANCE SHOWED $1450 TO THE POSSITIVE...NEXT DAY TUESDAY, STILL EVERYTHING IS GOOD ALL POSSITIVE ALL OF A SUDDEN WEDNESDAY AND I AM GETTING NAILEED WITH ALL THESE OVERDRAFT CHARGES...BAM, BAM6, FOR MON, BAM 6 FOR TUES, BAM 5 MORE WED...HELL HAD I KNOWN THIS I DEFINATELY WOULD NOT HAVE USE MY CARD...IT SHOWED POSS THEN ALL OF A SUDDEN NSF, NSF, $37 CHARGES THROUGHOUT...THAT IS NOT FAIR BUSINESS PRACTICE. I DO THINK THEY CONTINUE TO COVER EVERYTHING EVEN IF ITS .15 CENTS SO THEY CAN GET THEIR INSUFFICIANT FUNDS FEE, THEY ARE QUICK TO TAKE AND THEY HELPED VERY LITTLE ON GETTING IT BACK...THERE SHOULD BE SOME SORT OF LAW AGAINST CREATING DEBT FOR SOMEONE ELSE...I DO APPRECIATE WHAT HELP I AM BEING OFFERED BUT i AM NOT WORKING AND HAVE NO MORE MONEY COMING IN. THEY SAY THEY WILL GIVE ME 3 BACK IF I PUT IT INTO A SAVINGS ACCOUNT..OK THATS GREAT, I LIKE THAT...BUT HOW ABOUT SPLITTING THE REST WITH ME SO I CAN PAY A FEW BILLS...ALSO TO BOOT, I NOT ONLY DON'T HAVE ANY MONEY AND AM UNEMPLOYED. BUT MY DOG NEEDS TO GO TO THE VET WHICH WILL COST ME $600 ITSELF...WE ALL KNOW VETS DONT TAKE THE PAYMENT PLAN, SO WHAT DO I DO KNOW...I NEED SOME RESOLUTION, HELP!!??!!.

Went into M&T bank on a Friday morning with a balance of -$22.00 (including an overdraft fee). Rep explained the fee to me, seemed legit (as legitimate as a $37 fee can be anyway). I asked her "If I make a deposit today, will there be any further overdraft fees on my account?" To which she responded (after checking a few things on her computer) "No, you will be fine if you make a deposit now, just make sure it is cash so it will clear in time." I thanked her, and immediately made a deposit of $260 (as further confirmation, the teller made sure that I was aware my account was overdrawn, I replied "yes I'm aware, the customer service rep told me that if I make a deposit now there won't be any further fees", to which she responded "thats a good idea"). I checked my balance online Saturday evening and noticed that there was an additional $37 overdraft fee.
I stopped by the bank again on Monday morning and talked to the exact same representative, explaining that I was in on Friday inquiring about an overdraft fee, and she admitted that she recognized me. After reminding her of our conversation, she seemed confused and responded: "hmm... I wouldn't have said that, because there was still another fee pending..." She then asks me if I would like the fee waived, I replied yes. She verifies my phone number, and says she will call me.
I receive a call about an hour later, she states that this bank location can't waive overdraft fees for me and I will have to call the Airport Plaza location where I opened the account. I call here, explaining the situation to another rep, who tells me a manager will call me back. The manager at the Airport plaza branch calls back and informs me that despite the other rep making a "bank error" they will not waive the fee, because they had waived fees earlier that year. I told her that I did not feel this was pertinent to the situation at hand and explained that I felt I was lied to, and suggested she contact the other rep herself to clear things up, she agreed to do so.
The manager again calls back and tells me that the other rep has no recollection of our conversation at all (odd considering she told me she recognized me at first). She then proceeds to berate me like a child, telling me that ultimately I am responsible for keeping track of my own funds and that they would waive the fee this time as a courtesy, but no future overdraft fees would be waived, to which I responded that ultimately it is the bank's responsibility to stand behind its employees and take responsibility when they give out false information to their customers - she responded again that she was not part of this conversation, and that the other rep had no recollection of it either. So rather than the apology that I should I have received for being lied to I was instead talked down to by the manager of the bank. Needless to say I'm closing my account this week.

We have a commercial loan from M&T Bank. It's originated by Silver Hill under its subsidiary Bayview Loan Company on Sept. 2007 and Bayview sold to M&T Bank after 7 or 8 months later. The loan is for a small MHP in NC. Recently, our tenants are having problems with their jobs. Consequently, a few can not make their rent payments on time. Therefore, we are having a tough time making a mortgage for many months. However, we tried to make the payment on time and keep our credit intack for the possibility of refinancing the mortgage with low interests and low monthly payment in order to be self sufficient.

We called M&T Bank to consider the readjustment or loan modification possibility but M&T told us that we have to be on default status in order to be considered. So, we looked for another bank to refinance the mortgage. However, we found out that our payoff information from M&T Bank for refinancing our mortgage was very disturbing. Terms and early payment penalties were so severe that we do not have the chance. It turned out to be our early payment penalties were over $160, 000 (57%) on the loan amount of $279, 237 and terms were 7 years early payment penalty plus 10 years payment penalty thereafter, which we were not aware of before the contract. There is no written disclosure we can find from the file.

I spoke with many business people and loan brokers about it but they never heard such terms.

I hired a predatory lending mortgage lawyer and he tried to resolve the problem with M&T Bank directly; however, M&T Bank told him that commercial loan is norm in that terms. Basically, M&T Bank wants $160, 000 penalty if we want to refinance it or rather see the default or foreclosure on the loan.

The lawyer told me that he is not expert in commercial loan and we should consult with other commercial mortgage lawyer.

Please investigate the term predatory lending practice on these lenders. Are these terms are norm in commercial loan? Isn't there should be some kind of term restriction for commercial loans?

Hope this helps other business people be aware of their loan terms and find the right bank or financial institution for their commercial loans.

M&T Bank is threatening to make my mortgage due and payable in 24 days, due to fraud committed by my mortgage broker. Yes, I signed the paperwork, however, at the urging of my broker, my application was finessed in certain ways. I have paid my mortgage on time and in full since I have had it. I have information that they simply can't sell my loan to their investor because they funded it at a time of mortgage implosion. Should this come down to them taking my home? Shouldn't they be going after my broker and not me? Word of advice - if you are seeking a mortgage, DO NOT use M&T Bank, and inquire with your broker to make sure.