M&T Bank Offering $500 Checking Account Bonus (Select States)

M&T Bank $500 Checking Bonus

M&T Bank has a new checking account bonus that can earn you up to $500. A direct deposit is required for this bonus. Offer is available in select states only. Check out the details below.

Offer Details

Here’s how this offer works:

1. Get $500 when you set up and receive qualifying direct deposits to your new MyChoice Plus, MyChoice Plus Checking with Interest or MyChoice Premium Checking account, totaling at least $1,000 within 90 days of account opening.
2. Use promo code TU
3. Your cash bonus will be credited with 90 days of qualifying requirements being met.

Who is Eligible?

• This offer is only available to residents of CT, DC, DE, MD, NJ, NY, PA, VA and WV. Enter zip code to see if you are eligible.
• The bonus(es) are not available to employees of M&T Bank or any of its affiliates, or customers who have received a bonus in connection with a personal M&T checking account within the preceding twelve-month period.
• Only the primary signer on the new checking account may be eligible for the Bonus(es), and may not be or have been a primary signer on any M&T personal checking account within the previous six months.

Account Fees

• EZChoice Checking – No Fee
• Basic Checking – $3 Fee that can’t be waived
• Classic Checking – $4.95 Fee waived with:
  • At least direct deposit to your M&T Classic Checking with Interest account
  • Average daily balance of $500 or more in the account per monthly service charge cycle
  • 10 or more debit card purchases or payments
  • Combined balances of $1,500 or more in eligible personal deposit accounts
• MyChoice Plus – $14.95 Fee waived with:
  • Average balance of $2,500 or more per service charge cycle -OR
  • Direct deposits totaling more than $1,500 per service charge cycle
• MyChoice Premium – $24.95 Fee waived with:
  • Average balance of $7,500 or more per service charge cycle-OR
  • Combined balance of $25,000 or more in eligible accounts

A $50 early close-out fee applies if you close the account within 180 days of opening.

Guru’s Wrap-up

This M&T Bank bonus is one of the better ones that we have seen recently and comes in two parts. You can earn $400 when you open the new account and receive a direct deposit of $1,000 or more. You can also get an additional $100 an average monthly balance of at least $7,500 in September and October.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

💡 Link & Key Details

• OFFER PAGE
• Bonus: $500
• Account Type: Checking and Savings
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Inquiry Type: Soft Pull (Don’t select the overdraft protection)
• Credit Card Funding: No
• Direct Deposit Requirement: $1,000+ (see what works)
• Other Requirements: $7,500 balance for two months
• Monthly Fee: Yes (waivable)
• Closing Fee: $50 if closed within 180 days
• Expiration Date: 8/30/24 2/28/25

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