M&T Bank is offering three different cash bonus promotions if you open up a checking account.
For the personal checking account, simply apply online or visit your local M&T Bank to open an account and set up a direct deposit totaling a certain amount within 90 days to receive your bonus. For the business account bonus, direct deposit isn’t required, but you must maintain a certain balance to qualify for the bonus.
When it comes to regional banks, M&T Bank is one of the largest and most recognizable in the northeast United States. It helps that they have their name all over M&T Bank Stadium, home of the NFL’s Baltimore Ravens!
Founded in 1865, M&T Bank stands for Manufacturers and Traders Trust. They are headquartered in Buffalo, NY and its FDIC# is 588.
Living in Baltimore, we see M&T Bank branches all over the place. Their headquarters are in the northern part of New York but they have branches scattered throughout the northeast of the United States.
If you are near an M&T Bank, you can take advantage of one of the most generous bank promotions available right now.
M&T Bank promotions are available to residents: of CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, VA, VT, WV.
M&T Bank runs different promotions in different areas. The accounts are the same but the amount of the welcome bonus will vary. The values listed below are ranges and the screenshot was taken in a Maryland ZIP code.
Check out our full review of M&T Bank here.
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MyChoice Checking –
You can get when you open a MyChoice Premium Checking or MyChoice Plus Checking account using the promo code UC and set up qualifying direct deposits to your new MyChoice Plus or Premium Checking account, totaling at least $1,000 within 90 days of account opening.
The MyChoice Premium offers the highest bonus as well as exclusive rates on deposits and loans, though you must have cumulative direct deposits of $7,500+ or more each month or a $25,000+ average daily balance to avoid the $24.95 monthly maintenance charge.
The MyChoice Plus Checking has a $14.95 per month fee unless you maintain an average daily balance of $2,500 or more or have direct deposits totaling $1,500 or more per monthly cycle.
(Offer expires 10/25/24)
EZChoice Checking – up to $200
You can get up to $200 when you open a MyChoice checking account using the promo code and set up qualifying direct deposits, totaling at least $500 within 90 days of account opening.. This is the only offer that includes the EZChoice account type.
If you want either of the other two accounts, you want to use the promotional link above because it offers a better bonus.
The bonus is based on the type of account you open.
(Offer expires 11/30/2024)
M&T Bank Tailored Business Checking – up to $1,500
M&T Bank has a three-part offer on their M&T Bank Tailored Business Checking account where you can get up to $1,500 depending on the balance you maintain in the account.
First, open a new M&T Bank Tailored Business Checking account with promo code BD by 12/31/2024 and maintain a certain balance in the third full month of account ownership.
- Balances between $5,000 and $14,999 will earn a $300 bonus.
- Balances between $15,000 and $99,999 will earn a $500 bonus.
- Balances above $100,000 will earn a $1,500 bonus.
How Does This Bank Promotion Compare?
We maintain a list of the best bank promotions over $100 and the dollar amounts of the promotions are comparable to the highest on the list.
The advantage of this offer is that there is no direct deposit requirement, you just need to put in at least $10,000 and keep it there for a few months.
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through December 31, 2024. Member FDIC.
Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Checking – $300
BMO is offering a $300 bonus* when you open a BMO Checking account and have $4,000 in direct deposits within 90 days of opening. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $300 Bonus Offer
Bank of America offers a $300 Bonus Offer cash bonus if you open a new account and Set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
The EZChoice Checking promotional and the MyChoice Plus offers are OK but you can certainly do better than the MyChoice Premium and its high minimums.
Can you still get the sign up bonus if you don’t do the 25$ minimum opening deposit when opening the account? What if it doesn’t ask for the 25$ and let’s you open the account without it saying you will give it in the 60 day period along with the 500$ direct deposit you are going to do in order to get the sign up bonus. Will you still get the bonus without the first day 25$ but do the direct deposits each week after totaling way more than 500$ in the 60 day period
The minimum opening deposit is what they will need to open the account itself, so you won’t be able to open an account without depositing $25 to start.