M&T Bank Bonus, Get Up to $450 with a New Checking Account
M&T Bank has a new checking account bonus that can earn you up to $450. The bonus is available in select states only and comes in two parts. It requires a $10,000 balance and direct deposits. Check out the details below.
Offer
Here’s how this offer works:
- To receive the $300 Premium Checking Bonus, open a new MyChoice Premium Checking account between 10/3/22 and 11/25/22 and maintain an average monthly Premium Checking account balance of at least $10,000 for the months of December 2022 and January 2023. Your new MyChoice Premium Checking account must still be open when we seek to credit the Premium Checking Bonus. If all requirements are met, you’ll get the bonus by 2/28/23.
- To receive the $150 Direct Deposit Bonus, open a new MyChoice Premium Checking account between 10/3/22 and 11/25/22 and make at least $500 in qualifying direct deposits within 90 days of account opening. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank or other electronic money transfers, such as those made through internet payment services, do not qualify. Your new MyChoice Premium Checking account must still be open when we seek to credit the Bonus. You will get the bonus within 90 days of all requirements being met.
The promo code TK is required at account opening to qualify for the bonus(es). Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.
Eligibility
- This offer is only available to residents of CT, DC, DE, MD, NJ, NY, PA, VA and WV and only available to those who have received this offer directly.
- Only one Premium Checking Bonus and one Direct Deposit Bonus will be awarded per customer regardless of the number of accounts opened.
- 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.
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 is one of the best offers that we see from M&T Bank. You cam get a total of $450 when you open a new MyChoice Premium checking account. You need a balance of $10,000 for the months of December 2022 and January 2023 to get $300, and then at least $500 in qualifying direct deposits within 90 days to get the $150.
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.
M&T Bank Bonus Details
- OFFER PAGE
- Bonus: $450
- Account Type: MyChoice Premium
- 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: Yes, $500 or more
- Other Requirements: $10K balance for two months
- Monthly Fee: Yes (waivable)
- Closing Fee: $50 if closed within 180 days
- Expiration Date: 11/25/22
HT: Doctor of Credit
