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mahesh
mahesh

do i need to maintain 10k in each checkin and savings so total 20k to get this promotion? or 10k is good?

jd
jd

yes, 20k total

Frito Pendejo
Frito Pendejo

It seems like with 5%apy accounts it isn’t really worth doing these bonuses if you have to tie up 7-10k to get bonus and avoid monthly fees and/or ETF. 10k at 5% is $41/mo

Greg
Greg

Much of it depends on your situation, but the bottom line for me is $350>$123. You only need to leave the $7-10K in until the bonus posts, then convert the account to their ezchoice checking and take out all but $1 for the final three months to avoid the ETF.

dd
dd

anyone have a screenshot of the march april promo?

Derrick W
Derrick W
DD
DD

Appreciate it. It’s only showing $350 instead of the $450 for some reason there 😞

Derrick W
Derrick W

I believe the offer was only $350 during those months.

Tony
Tony

in NYC zip, I’ve never received M&T mailers. Branch manager down my block was surprised why family members all receive Chase, BofA, TD, Citizens – but never M&T. (btw, I recall no WF, Cap1 or KeyBank, neither).

Manager said that even if he entered CB, he still needs to see mailer (cuz “system knows” whether they’d mailed me). He only found $100 checking bonus he could do me for as a walk-in…He also offered 4.88% (5% APY) on either 12-month or 17-month CD – which requires no checking account, or relationship

JOHN m
JOHN m

So did he do you for as a walk-in?

samsimon
samsimon

From Brooklyn, NY. i got mailer, with zero mentioning my name or address on actual promo paper…. and yet, again, he may be right, in 90% managers are wrong, and have no clue what they are talking about especially if it’s in regards backoffice (promo, technical etc…)

Sam
Sam

Regional banks aren’t too bright

Hank
Hank

M&T also currently has a somewhat better $500 bonus offer to open a business checking account. It also expires on the same day as this one (6/30). Has anyone able been able to sign up for both at the same time? (since this offer is not open to existing customers- would have to open same time).

Gerald
Gerald

This offer isn’t open to existing personal checking customers, so you should be able to open them serially.

TDD
TDD

Not as good as the direct deposit offer from before. Previous offer was that you only needed to open a MyChoice Premium account, make a $500 DD for $150, then hold $10,000 for 90 days for the remaining $300.

This new offer doesn’t require a DD (for which most bank ACH’s work to trigger), but it does require you hold $20,000 for 90 days. The $10,000 in the checking account will gain 0% interest. However, the Money Market account has a 6-month introductory offer for interest of 3.92%, which is better than most banks (including Ally!). So, you at least won’t lose out on interest on half the money, in fact you will gain money over a bank like Ally.

For the 90 days: you will be losing out ~$91 for the money held in checking, and you will be making an additional $4 vs Ally. So this is really a deal for $363.

The deal between Jul-Nov 2022 had the same issue, lost interest on $10,000, just bank interest rates were lower at that time (3.25% at Ally if I recall correctly, for a loss of $79).

Tony
Tony

TY tdd! Deserves a spot in “OUR VERDICT”

JOHN m
JOHN m

OUR VERDICT: You deserve a spot in remedial summer math at your local middle school cafeteria

Tony
Tony

anyone figured out the yield, if safely played?

Nigerian Prince
Nigerian Prince

My yield includes several spoons, including one labeled 𝕋𝕆ℕ𝕐 in colorful block letters.
Leave your mailing address and I’ll mail you one.

Eric

Your shtick is getting a little bit stale.

msrecord1
msrecord1

Your pick is wedding a brittle split snail.

Steve
Steve

“customers who have received a bonus credited to a personal M&T checking account within the last 12 months ” does this mean I am eligible if I got a bonus 13 month ago but kept the account open till 8 month ago? In other words, this “12 months” is from bonus date not account close date? Thanks.

jd
jd

the answer is in the sentence right after the one you quoted

Amanda
Amanda

Offer also available now in MA, ME, VT, and NH (zip codes in all those states worked).

I’m guessing it’s because of the merger with People’s United Bank (https://newsroom.mtb.com/2022-04-02-M-T-Bank-Corporation-Completes-Acquisition-of-Peoples-United-Financial,-Inc).

Sam
Sam

Looks like if someone can refer it excludes the 12 months The bonus(es) are not available to existing personal M&T checking account customers, employees of M&T Bank or any of its affiliates, or customers who have received a bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period).

jd
jd

i don’t think those words mean what you think they mean…using a referral overrides the 12 month cooldown? inconceivable!