Subscribe
Notify of
guest

353 Comments
newest
oldest most voted

MHS
MHS (@guest_1807642)
March 4, 2024 13:57

DP – Bonus-earning and account-closing data points:
– 3/1/2023 – Account (Tailored Business Checking) opened online
– 3/8/2023 – $10,010 transferred in
– 7/18/2023 – $500 bonus deposited into account
– 2/27/2024 – Balance transferred out
– 3/4/2024 – Account closed (via phone).

howard
howard (@guest_1802593)
February 24, 2024 15:26

what kind of business info do they need? can a sole prop with only some online resale business qualify?

mariap
mariap (@guest_1776488)
January 12, 2024 11:19

got rejected due to Chex. They gave me a letter saying that my score is 9995 and my report has “A third party freeze alert”
Called check, my score is 0670, and there is no freeze on my account.
I have 6 inquiries in 2023 and 4 in 2022
Any comments?

ntn
ntn (@guest_1776565)
January 12, 2024 13:47

I had many more than that and was approved last year.

Probably a system error. Not much you can do but should be able to reapply in a couple of months.

ShawntheShawn👈🏾
ShawntheShawn👈🏾 (@guest_1776735)
January 12, 2024 17:28

In addition to Chex, M&T also pulls EWS and LexisNexis. Do you have a security freeze on LexisNexis? I think most likely this is the issue. If you had a security freeze on SageStream, which is now part of LexisNexis, it would impact your LexisNexis freeze status, too. mariap

mariap
mariap (@guest_1777052)
January 13, 2024 11:18

Thanks, I have both frozen. I had the same problem trying to open a Santander account.

Daniel Wu
Daniel Wu (@guest_1775049)
January 10, 2024 12:14

Closed my account after 12 months. There is a $20 FINAL ANALYSIS CHARGE, but then this fee was waived.

mariap
mariap (@guest_1774557)
January 9, 2024 17:02

rejected because of Chex info.

Cindy
Cindy (@guest_1774312)
January 9, 2024 12:24

What’s the APR for this account?

Meg
Meg (@guest_1774291)
January 9, 2024 12:02

How much do they ask about your business? We have a rental property in another state so Id say it was for receiving rent and paying contractors. I’m hoping that would be enough? Do I need to walk in with the money in hand via cashier’s check or can electronically deposit later?

Andrew
Andrew (@guest_1774232)
January 9, 2024 10:44

Combined with the long payout time, none of these M&T bonuses seem appealing in a world of 5% savings accounts. You’ll come out ahead if you time everything right, but it doesn’t seem worth the risk/effort.

ntn
ntn (@guest_1774239)
January 9, 2024 10:55

Hard disagree.

Please refer to the thoughtful responses to your similar comment in the M&T consumer checking post.

Penny
Penny (@guest_1774323)
January 9, 2024 12:38

Locking up 10K for 6 months for $500 would yield a 10.25% APY vs 5% APY.

The entire community here is about churning and getting SUB

jcb
jcb (@guest_1811327)
March 9, 2024 21:59

You could also do just $5k for 6 months which gives you 15.2% AFTER taking out the fee

Mei
Mei (@guest_1774178)
January 9, 2024 09:51

The business checking account coupon I requested has expired but it says 3/29/2024 on the bank site. Will they give you any troubles?

BankBonusIsMyReligion
BankBonusIsMyReligion (@guest_1773884)
January 8, 2024 23:54

got a “you’ll need to visit a branch to open new acct” message when i tried applying for the $400 personal checking acct offer.

Scheduled an appt at my nearest branch. Going to try to open up the biz acct as well.