M&F Bank is the 2nd oldest minority-owned bank in the United States – 113 years old. M&F Bank is the only bank in North Carolina to receive CDFI (Community Development Financial Institution) designation and has maintained an outstanding CRA (Community Reinvestment Act) Rating with the FDIC for 25 years. The majority of all deposits are recycled back in the communities we serve.
- Online Services
- Mobile Services
- Mobile Check Deposit
- Account with No Monthly Fee
- Open Account Online
- Business Accounts
- Small Business Lending
This institution reports data to the U.S. government about how it lends to small business, housing, and other community interests, and Mighty Deposits calculates what this means for you and your money.
- Black-owned or led
Community Development Financial Institutions include certified community development banks and credit unions. CDFIs provide financial services to those in historically underserved communities and to those who lack access to financing.
Minimum to Open Account$50
Minimum Balance Requirement$0
Overdraft FeeCheck protection available to cover accidental overdrafts
ATM FeeRefunded up to $15 per statement cycle
Other services or features
Smart Money Habits digital financial literacy program
Rates and fees are variable and often change. For the most up to date information, visit the institution’s website.
To see how this institution uses your money to lend in communities, visit their profile on Mighty Deposits.