M&T Bank Business Checking Bonus, Get $400 with New Account

M&T has a new business checking account bonus that can earn you up to $400. The offers could vary by location. You need to apply between July 24, 2019 and September 26, 2019 to take advantage of this M&T Bank business checking bonus.

Offer

To get the $400 bonus, you need to open a new M&T Tailored Business Checking between July 24, 2019 and September 26, 2019 and:

Have an average balance of at least $5,000 for the third calendar month after the account was opened.

Checking Bonus will be credited to the account within 45 days after the end of the third full calendar month after the account was opened. The Checking Bonus is reportable for tax purposes and is not available to employees of M&T Bank or any of its affiliates.

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.

The Checking Bonus is not available to customers who have had a non-personal M&T checking account within the previous 90 days or existing customers with a non-personal M&T checking account.

Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Tailored Business Checking accounts opened.

Fees

The M&T Tailored Business Checking account has a $20 monthly fee that is waived with one of the following options:

Maintain a $10,000 monthly average ledger balance
Maintain $25,000 average ledger balance between checking & savings
Make $2,000 in purchases on a linked M&T business credit card
M&T bank merchant services account proceeds deposited

Guru’s Wrap-up

This is a good offer for a business checking account. You need to have $5,000 in the account by the end of the third month to get the $400 bonus. You also need $10,000 balance to avoid the $20 monthly fee. It’s a bit of a hassle that you have to go into a branch, but this M&T Bank business checking bonus is still worth doing.

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.