Posted by William Charles on April 10, 2017
Bank Account Bonuses

Published on April 10th, 2017 | by William Charles


M&T Bank $150 Checking Bonus – Available Online (QC) [AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV]

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $100
  • Additional requirements: See below
  • Hard/soft pull: Soft
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: Avoidable
  • Early account termination fee: $50 180-days
  • Household limit: None
  • Expiration date: June 30th, 2017

The Offer

No direct link to offer (go to and enter promo code QC, supposed to be targeted but hasn’t been enforced in the past)

  • Open any new M&T checking account by June 30th, 2017 with the promotional code QC and receive a sign up bonus of $150 when you do the following:
    • Set up a qualifying direct deposit of $100 or more within 90 days of account opening

mt qc $150 bonus

The Fine Print

  • Only one bonus will be awarded regardless of the number of accounts, titling on account and the number of direct deposits arrangements established.
  • Qualifying direct deposits include but are not limited to electronic deposits such as payroll or social security and do not include electronic money transfers or credits such as account-to-account transfers or those made through internet payment services
  • Bonus will post to the account within 90 days of meeting the direct deposit requirement
  • Limited to one bonus per customer
  • Offer may vary by region and product
  • Offer is nontransferable
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

EZChoice Checking

This account has a monthly fee of $9.95, soon changing to $6.95.

  • Monthly fee is waived by making just ONE transaction such as a deposit, withdrawal, or debit purchase.

Early Account Termination Fee

Looks to be $50 now if closed within 180 days

Our Verdict

M&T Bank doesn’t seem to limit you to just one bonus, the state restriction isn’t enforced either. I really don’t know how long this can/will last. They also have the following offers:

Add to our best bank bonus page.

Big thanks to reader, Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

120 Responses to M&T Bank $150 Checking Bonus – Available Online (QC) [AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV]

  1. Justin says:

    Oh my lord what is going on

  2. Mike t says:

    Jesus #7 for me. Unreal.

  3. John says:

    Can you still do this bnak promo if you already opened the M&T Bank $250 Checking Bonus a few days ago?

    • Kyle says:

      We’ve been able to stack bonuses from each promo code. Looks like they added a new language “Only one bonus will be awarded regardless of the number of accounts, titling on account and the number of direct deposits arrangements established.” so we’ll see how that plays out.

    • MarcoPolo says:

      I don’t see why not but read the T&C carefully.

  4. Kyle says:

    DoC, looks like this one isn’t limited to the MyChoice Premium account like the last one. In your The Offer section, it points to the Premium specifically, but looks like any checking account will do.

  5. Frito Pendejo says:

    I already did QC last year. Did they loop back around?

  6. Jake says:

    Just a heads up to everyone, M&T bank blocked me from opening accounts online with them for 60 days. When I called and asked about it they said I had been opening/attempting to open too many accounts…

    I might print this coupon out and take it in branch to see if I can get the bonus that way.

    • Ken says:

      How many accounts have you opened with them in the past few months?

    • Andrew S says:

      How do you know?

    • James says:

      Quick question since you have multiple accounts, can you confirm if transfers between M&T accounts are good enough to keep them fee free?

      • Jake says:

        Don’t know. I just transfer a penny every month from ally bank. It’s an automatic transfer

      • dizzy says:

        I did this and it worked! Which is good because I still have a few days to go before I can close accounts #1 and #2, but #3 was accepted, but never showed up bc of an ID verification thing (I’m out of the country for another 2 weeks and can’t take care of it yet). My plan is to go into branch to verify. Then in another branch (they are all over NJ) close 1 & 2. Then proceed with more.

        • Marco says:

          Transferring money between M&T accounts waives the fee? I just want to confirm.

          • dizzy says:

            On my account it did…I have 3 accounts right now although only one is showing (needed verification mailed in and I am out of the US). I’ve had $5 in each of the accounts since end of 2016, I just transfer $1 or so between each on the website once a month and I don’t see any fees applied.

    • mike says:

      that’s not good to hear.. how many accounts did you open just for yourself so far?

    • Barry says:

      Did you open a few of them in the course of a short period of time? Maybe we can figure out where the computer cuts you off. I just started with this bank and decided to test it out. I opened 3 over the last 2 weeks on different days but when I tried for the 4th I got an error message saying come into the branch to open. (Never even made it to the id verification page on that one.)

  7. Ben O. says:

    What routing number do you use if you’re out of state? It seems like it “thought” my locations was NY when opening. Didn’t bother recording the routing number since I thought it’d be easy to fine. Didn’t know they had 3….

  8. Yet Another Redditor says:

    M&T Routings # are here:

    022000046 – New York, New Jersey and Connecticut
    031302955 – Pennsylvania and Delaware
    052000113 – Maryland, Virginia, West Virginia and Washington, DC

    Not sure how it would work if you opened online and don’t live the the supposedly targeted states.

    • Ken says:

      Like I said above you it’s 022000046 if you’re out of state.

    • Peter says:

      I’m a PA resident and applied online. Was provided 022000046 as my routing number. The listed Pennsylvania and Delaware number may be for accounts opened in-branch or a legacy routing number.

      • bullfrog23414 says:


      • NBG says:

        If you got that without the account#, i will change to the actual state specific one once they create the account#. The snail mail that comes with the account# shows that. Also, for online transfer from other bank, it doesn’t matter, as long as the account# is correct. When it happened to me once, i did guess the account# and did a transfer using the PA routing and it worked and bonus posted.

      • Deb says:

        I’m a PA resident too. Opened all of ours online and got both the 022 and 0313 routing. Who knows how it decides. It even split on accounts we opened on the same offer code. One for hubby was one routing number, another for me was different routing number, same day opening, same address, same offer code, same laptop applied on.

  9. Deb says:

    Is it weird that I’m wondering what M&T is up to? Not complaining, but after going wow another one, going hmmm……

  10. Wes says:

    Think I will wait to see if this one actually gets paid out to people who have multiple accounts since it has the following language:

    Only one bonus will be awarded regardless of the number of accounts, titling on account and the number of direct deposits arrangements established.

    Limited to one bonus per customer

    Not sure if they are just referring to this promo code or all promo codes.

  11. Chris says:

    I just applied for this and ran into two snags at the confirmation page that did not happen with my first two M&T bank accounts.

    1st: They did not list anything next to “Account Number(s):”
    With my first two accounts, this is where my account number was listed, so once I was able to see the account in online banking, I was able to set up the ACH from Ally. I don’t remember getting any other correspondence with my account numbers with the first two. Hopefully I don’t have to call in to get them this time. I will wait until I get everything in the mail before calling.

    2nd: Under the line about their Switch Kit, in red, it says, “We were unable to use the PIN you provided. You will receive a separate mailing containing your new PIN.”
    I used the exact same PIN as on my first account. I set a different PIN on my second account.

    May I suggest to everyone else, try using a different PIN for each of your M&T accounts and hopefully you won’t run into the issues I did.

    I’ll try to come back and update with any new useful information.

    • Ken says:

      No problem, they’ll mail you a letter with your account number or it will show up in other M&T logins. For me I didn’t even get to the last page with account number on it, so I’m still waiting to see what happens.

      • Frito Pendejo says:

        Yup, I had same issue once. Worked out fine in the end.

      • Justin says:

        Hey Ken, how did this play out for you?

        • Ken says:

          @Justin – I just waited till the new account either showed up in an existing login or they mailed me my account number. My newest account did not show up in any existing logins so I had to create a new login.

          • Justin says:

            You created a new login using the debit card they sent you after you opened the account? Did they ever actually send an acct number or did you see that once you created the new login?

          • Ken says:

            Scratch that, #5 is now showing up in my other logins too. Should’ve just waited.

          • Ken says:

            They have always mailed a letter with the account number. They are likely swamped with new accounts lately though.

      • MoreSun says:

        hey @Ken, so at #5 did you make it through the id verification questions and initial funding part, it was just the last page that failed out on you?

        • Ken says:

          I did make it through the ID verification since they were all easy, known questions. But I did not make it to the last confirmation page with account number. The app was likely manually processed, hence the long wait time. They have got to be swamped.

    • MarcoPolo says:

      Nothing to worry.
      This has happened to me as well on my DW’s application(s).
      Within a week you’ll receive the account number & PIN in the mail and your new account will appear under your previous login.

      • dizzy says:

        I never got this info…eventually was requested to mail in some verification but I am out of the country for another 2 weeks so haven’t yet (this happened in Feb so I am dubious as to whether they already shut that new account down…my other 2 are fine tho)

    • Chris says:

      Thanks @Ken and @MarcoPolo for the reassurance. I am a stickler for the general rule of not calling the bank, so I will definitely just wait for everything to show up in the mail.

    • Justin says:

      Hey Chris, did you get the acct number in the mail or did it show up in your online banking?

  12. Elliot says:

    Will – no credit card funding on this, I assume a typo.

  13. LeRoy says:

    I have set up 3 of these accounts in the past 3 weeks. No account numbers yet on the 2nd and 3rd, so have not yet set up the DD. I have gotten debit cards and welcome letters on all 3 accounts in snail mail – but no account numbers listed anywhere.

    It does seem a bit odd that the bank is rolling out multiple offers so quickly. Makes them appear less than stable.

  14. Mike says:

    When you open your 2nd (or 3rd or 4th) M&T checking account, do you answer “yes” to the question “Do you currently have an M&T personal checking, savings or CD account” during the application? Or do you lie?

    My instinct is to be honest (it seems like it could possibly be considered fraud otherwise), but it seems like answering honestly would clearly label yourself as ineligible for the additional bonuses…

  15. EO says:

    I currently have 5 accounts and my wife has 7. On each new opening, I answer “yes” and provide an existing account number. As the number says suggest, it hasn’t not affected me from opening additional accounts.

    • M and T is nuts says:

      Wow. I too also answer honestly. I use my oldest open account, but not brave enough to have 7 accounts going. I have 4 now, so hardly new to this though.

      I really expect for this flood to get stopped any day, and I suspect there will be some backlash. Not sure if that will be attempted clawbacks, stern/threatening letters, or what – but there is no way all of these payouts will stay. They can’t possibly be making any money on the vast majority of the new accounts, and I just don’t know how they can be this stupid to allow it to go on. I have a feeling we will be seeing this one on the news real soon.

      If they aren’t protecting their own money, makes you wonder how well they are protecting ours…. but most of us are only keeping a bare minimum of funds in the accounts, just to keep them free. And LOL to the guy ballsy enough to ACH transfer a penny every month to keep the account free – if I ran the sending or receiving bank I would find a reason to kick you out just for being a nuisance. They do reserve the right to shutdown your accounts for basically any reason.

      • EO says:

        I agree with everything you say here. I see no way how this can be sustainable. The amount of money this bank has given away to readers of this site alone must be staggering. That is most of the reason why I have been so aggressive in opening new accounts. I figure this is bound to be halted at some point, so why not get in while the going is still good. (I readily admit that it’s this kind of logic that gets deals like this eventually stopped, so sorry. But clearly I am not alone.)

        This is also the main reason why I always tell the truth about having other accounts with them. What’s interesting is that when my wife opens accounts, they always go through the manual review process but are always ulti,ately approved. Which makes me think the bank has to be fully aware that she has 6 other accounts open. Maybe they like to report how many new accounts that have been opened to their shareholders? But there’s no way this can be profitable.

        I will say that on one of my 12 accounts, I forgot to make a transaction and was hit with the monthly fee. Normally, I would call the bank and say whatever I needed to say to get the charge waived, but in this case, I’m happy to give them the $6.95 in exchange for the $2000+ they have given me. I might even do this wth one other account so they/I can maintain the illusion that I will be a profitable customer.

        I do love the idea of this story making the news. But presumably M+T would have no interest in publicizing how much money they have given away.

  16. Dan says:

    Are they not enforcing the limit on the bonus payouts? That fine print says one bonus regardless of how many accounts you open. How did I miss this gravy train?

  17. Justin says:

    Tried to open an 8th account and it was approved but the account number didn’t show up (as a couple people above have mentioned) and after 24 hours it is still not in my online banking. Wondering what the best course of action is here. Probably should just wait it out?

    • Jim says:

      I keep seeing a suggestion to do a transfer between accounts in order to see the account number.

      I tried that. It won’t let enable that feature unless I enter my ATM card number- somewhere- but nowhere I can see to enter it. Again, trying to do anything to avoid calling or emailing.

      If anyone can find the answer key that unlocks this feature – DOC should give them a gold star lol.

      • NBG says:

        You don’t need to transfer to see an account#. Just send a secure message asking anything/thanking/etc…Then go to sent messages, you will see the account# in the message you sent.

      • Justin says:

        I already have an existing login (and existing accounts) and the new account is not showing up there thus I wouldn’t be able to do a transfer.

      • Theory says:

        For me, I had to wait a couple days before the field appeared to enter my ATM number (and I think it’s just your PIN they actually want).

        However, when I went to actually do the transfer, it repeatedly failed. Turns out, this meant my account was pending some type of verification of my identity and a hold was placed on activity. I send a SM asking about it, and had to fax in my driver’s license, social security card, and a recent utility bill with my address on it to get the hold lifted. I also called in the day after the second time I faxed it, and had to give my phone number over the phone.

        It was a big pain, but the restriction is finally lifted now, and I can transfer funds between my two accounts (soon to be four with this promo and QL, to add to QD and QI). I confirmed with the rep on the phone that transferring between two accounts qualified as a transaction, though we’ll see if I actually get hit with a fee or not after the 30th.

        No idea if I’ll have to do this verification stuff again for the accounts I’m opening today. I hope not.

    • MoreSun says:

      Fwiw each of mine have taken about a week to show up in my login as well.

    • Superchurn says:

      Wait. same happened to me on my 3rd account. They’ll send u a slip in the mail with the account#, or, you just wait for it to appear in your account and then initiate a secure message from the account and go back to the inbox to see the whole account number.

  18. NBG says:

    Opened another a/c today for the QC code and the account showed up right away in my old login as well as on confirmation. If your account info shows up on confirmation page and you want that a/c to show up in your existing login – make sure to click the enroll now link in the bottom of the A/c confirmation page. Clicking it will do nothing but show a blank confirmation. That is the trigger to link it to your existing login.

  19. NBG says:

    Successfully got my 7th bonus. $1500 haul so far with MTB. Now, if it will stop giving the come to branch error for my wife. She has only 1 a/c which we opened in branch. Incognito trick didnt help. May be i should wait for couple of months and try again.

  20. Eric says:

    I received this error message when I tried to transfer between accounts. I activated my debit cards but that hasn’t helped. What did you people do to gain access to transfers between M&T accounts?

    To protect your information, we ask all customers to activate Transfers and Payments by entering their M&T Check Card or ATM Card and the associated PIN or their M&T Credit Card and the associated 3-Digit Security Code. To request a card, click the button below or call M&T Online Customer Service at 1-800-790-9130 (Mon-Fri 8am-9pm, Sat-Sun 9am-5pm ET).

    • MarcoPolo says:

      Wait few days after activation your Debit Card and maybe try again on Monday.
      it happened with my first account too but after that it was a smooth ride for transferring between the accounts.

      • Eric says:

        Do all of the debit cards need to be activated or only 1? I’m not sure if I ever activated the card for my first account that I opened several months ago (before all of this craziness).

        • Ken says:

          I always activate all of mine from all banks/accounts. Usually you need an active debit card to do things like recovering passwords and enabling transfers. Takes less than a minute to do.

    • jags4186 says:

      I received same message so I called and they were able to activate transfers over the phone.

  21. MoreSun says:

    Transfer posted Fri, bonus posted Sat!

  22. Robert says:

    Do we know yet if we can use expired M&T codes (QM, QF, QK for example) and the bonus still pay out? I’ve only used valid codes one time up until this point, and only one bonus per code, but I’m looking to possibly expand. Looking for multiple DPs here…

    • MoreSun says:

      I recall seeing a successful DP on one of these threads of someone doing that. It’s not something I’m willing to try though! As the saying goes- pigs get fat, hogs get slaughtered.

    • James says:

      Absolute mad man lol

      We’re already pushing our luck with getting multiple bonuses. Don’t kill the golden goose!

    • Phoz says:

      I recently applied using QK, not realizing it had expired. When I SM’ed about having signed up for a bonus, they told me the code I used was expired and I wouldn’t be getting one.

      • Phoz says:

        I told them I had a couple of offers and asked if they could retroactively apply the one that would not have been expired, they said no, and suggested going into a branch to talk to a manager.

        • MarcoPolo says:

          You made a series of serious mistakes which will kill the deal not only for you but for everyone else.
          Not only you did not read the expiry date of the promotion but also alerted M&T Bank that you have a number of promo codes.
          If you have not alerted them then in all probability you would have received the bonus despite the code being expired.
          But by contacting them you have made sure that you will not receive the bonus.
          It is ALWAYS a good idea to READ the original post as well as the comment section to LEARN before applying.
          I am hoping that you did not tell them how you got the codes you mentioned.
          Now, you still have a chance to open other account using the UNEXPIRED promo code and receive the bonus.
          In near future there will be (hopefully) more codes to get more bonuses if you and everyone else will REFRAIN from contacting the bank if they make a mistake or you did not get the bonus.
          Please don’t kill the GOLDEN GOOSE !!!!

          • Ken says:

            I don’t understand why people always feel the need to contact the bank/company/whatever. There is absolutely nothing wrong with just letting things lie as they are. This is the same reason why deals die from Slickdeals because some clown calls the company who then kills the deal. I just don’t get it.

          • Phoz says:

            Yeah, you can go ahead and take a deep breath now. I said I had a couple of offers and must have used the older one. I’ve gotten mailers from them. They have a branch in my town. I’m not sure of many things, but I’m sure it’s going to be the people with 7+ checking accounts that will kill that goose way before I do. Both of the codes I had are now expired, but one would have been good if I had used it when I opened the account. I didn’t link them to this site or give them a lesson in churning. I just checked that the offer was linked to my account and wondered when I might get the bonus.

  23. Jon says:

    Do you get a confirmation that your promo code is eligible for the bonus? I opened a My Choice Premium account and entered promo code QH but I didn’t get any message telling me about the bonus?

    Did I miss something?

  24. bob says:

    Received this message from M&T after applying for a second checking account (different type than first) minutes after successfully applying for the first one:
    “Thank you for applying for an M&T Bank account. Due to the information you provided, we are unable to process your application through the online channel. For assistance, please contact us at 1-800-724-3222 or visit one of our local branches.”
    Anyone else have success applying for more accounts later? Or do you have a suggestion why I am getting this message?

    • Saturn says:

      Chances are you just did the second one too soon. I usually wait until the last bonus has posted before I apply again. But you can simply try again in 2 days.

  25. Stephen says:

    Opened 6/15 transfer 25$ for initial deposit.
    6/19 push from Ally 100$
    6/20 150$ bonus posted.

    FYI, I am out of the targeted region, no issue thus far.

  26. Griff says:

    Is there any strategy for being accepted after applying to open these bank accounts? In the last two days, I’ve tried to open a BMO Harris checking acct and an M&T Bank checking acct for the bonuses and got declined on both of them.

    • MarcoPolo says:

      The best strategy is to STOP applying if declined and check your CHEXsystems report to look for any red flags.

  27. bob wiley says:

    Does transferring money from M&T to another bank via ACH count as account activity to avoid the monthly fee (ez choice checking)?

    • Jerry says:

      It should count as account activity. Instead just pay a bill of about 5 bucks and you should be okay.

    • MarcoPolo says:

      Even transferring from one M&T account to another works.
      However, I just find it easier to schedule a monthly payment of $1 from my Santander account to M&T account.

  28. Ken says:

    I think they may have assigned a different routing number compared to the previous many accounts for us. Trial deposits form Wells Fargo and Alliant haven’t shown up yet and they should’ve shown up Wednesday.

  29. Ryan says:

    I got a “pending” due to being outside their banking footprint.

    At least for this one, it looks like it will be restricted to inside the targeted states.

    • Ken says:

      Why do you say the pending is due to being outside the banking area? Do you know something we don’t?

    • scott says:

      I agree. I’ve tried a few times and got this, “Due to the information you provided, we are unable to process your application through the online channel.” I’m out of state and have been approved for every other bank offer, including some after I tried M&T.

  30. Deb says:

    I took a break for a little from bank accounts. Just did the QD code. Since this is so close to expiring, I’m going to wait and see what they offer after 6/30. Hopefully the new ones won’t have the limited language.

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