M&T Bank is offering a new $200 bonus when you open a personal checking account. M&T Bank has had lots of these bonuses lately and actually there’s a $250 bonus that ends today if you haven;t taken advantage of it yet.
$200 Bonus Requirements
In order to receive the bonus you need to open a new personal checking account by May 24, 2017 and make a direct deposit of at least $100 within 90 days of account opening.
There’s no link to the bonus itself, but you can use promo code QI when you sign up. To open the account online, simply visit the M&T Bank website, pick your account and make sure to enter promo code QI. You can also call or visit a branch if you have the coupon or call 1-800-724-3222.
The fine print says that the $200 bonus will be deposited within 90 days, but it is usually deposited on the same day as the “direct deposit”. I’ve been using ACH transfers from Capital One 360.
This looks like a targeted offer, but similar offers have been working recently even for those not targeted.
Fees
EZChoice Checking is the best option. You can avoid the $6.95 monthly fee just by making one transaction such as a deposit, withdrawal, or debit purchase every month. Basic Checking is also an option, with a non waivable $3 monthly fee.
Eligibility
This offer is only available to residents of CT, DC, DE, MD, NJ, NY, PA, VA and WV. This bonus is churnable and you’re able to get it even if you currently have an account open. Most likely you can;t use the same promo code to get the bonus more than once.
How To Close M&T Bank Accounts
I believe you were previously able to close the account via secure message online, but now you have to go in-branch or mail in a letter. Additionally, there’s a $4.00 mail closing fee and a $10.00 Official Check fee to mail your remaining balance to you. To avoid the Official Check fee, you can write a check for your balance and then close account.
Guru’s Wrap-Up
Another great bonus from M&T Bank. Definitely take a look if you’re in one of the lucky states. The account can be opened online also and all you need to do is a direct deposit of $100. They’re pretty lenient on what counts as a direct deposit. This is one of the best checking account bonuses around since it’s churnable and we’ve seen tons of bonuses lately. It’s also super easy to keep fee-free.
Offer Details
- Open Account Online
- Account Type: EZChoice Checking
- Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
- Expiration Date: 5/24/2017
- Inquiry Type: Soft Pull (Don’t select the overdraft protection)
- Credit Card Funding: No
- Direct Deposit Requirement: Yes, $100 or more
- Monthly Fee: $6.95, waived with one monthly transaction (deposit, withdrawal, debit purchase)
- Promo Code: QI
- Closing Fee: $50 if closed within 180 days
HT: DoC
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