This one has officially expired. View more M&T bonuses here.
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: Yes, one per account
- Credit card funding: None
- Monthly fees: Avoidable
- Early account termination fee: $50 180-days
- Household limit: None
- Expiration date: May 24th, 2017
Contents
The Offer
No direct link to offer (go to mtb.com/checking and enter promo code QE, supposed to be targeted but hasn’t been enforced in the past)
- Open any new M&T checking account by May 24th with the promotional code QE 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
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 $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:
- M&T Bank $150 Checking Bonus – Available Online (QC) [AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV]
- M&T Bank $150 Checking Bonus – Available Online (QD) [AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV]
- M&T Bank $200 Checking Bonus (QI) – Available Online [CT, DC, DE, MD, NJ, NY, PA, VA, WV]
- M&T Bank $250 Checking Bonus – Available Online (QH) [AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV]
Added to our best bank bonus page.
Big thanks to reader, Randy C who let us know. Learn how to find bonuses and contribute to the site here.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
