M&T Bank $200-$400 Checking Bonus – Available Online [CT, DC, DE, MD, NJ, NY, PA, VA, WV]

Update 9/17/20: Some offers have been extended until January 11, 2021. Others until 10/30/20. Keep in mind some codes only work in specific states now.

Offer at a glance

• Maximum bonus amount: $100/$150/$200/$250/$350
• Availability:  CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Direct deposit required: Yes, $500
• Additional requirements: None
• Hard/soft pull: Soft
• ChexSystems: Yes
• Credit card funding: Up to $250
• Monthly fees: Avoidable
• Early account termination fee: $50, 180-days
• Expiration date: July August 15, 2018 September 5, 2018 October 31st, 2018 November 26th, 2018 January 16th, 2019 February 25th, 2019 April 1st, 2019 May 13th, 2019  March 2, 2020 September 15, 2020 January 11, 2021
• Household limit: None listed

The Offer

Direct Link to offer

Input your zip code and see what offers show for you:

• ($400 – in branch only) Open an M&T MyChoice  Premium checking account and receive a sign up bonus of $400 when you maintain a $10,000 average daily balance in March & April 2020. Must use promo code CG
• ($350 – in branch only) Open an M&T MyChoice  Premium checking account and receive a sign up bonus of $350 & maintain a $10,000 average daily balance in November & December 2020. Promo code CF.
• ($350) – Open a M&T checking account and receive a sign up bonus of $250 when you set up qualifying direct deposits of at least $500 within 90 days of account opening. Open a new relationship savings account along with your new checking account and get a bonus of $100 when you maintain an average monthly balance of $5,000 or more in May & June. Valid until April 30th, 2020 (Link to image of Flyer). Use promo code TK
• ($250) Open an M&T MyChoice Plus or Premium checking account and receive a sign up bonus of $250 when you set up a qualifying direct deposit of $500 or more within 90 days of account opening. Promo code: TL or G.
• ($200) Open an M&T EZChoice, Classic, or Basic checking account and receive a sign up bonus of $200 when you set up a qualifying direct deposit of $500 or more within 90 days of account opening. Promo code: TL or TG.
• ($150)Open any new M&T checking account and receive a sign up bonus of $150 when you set up a qualifying direct deposit of $500 or more within 90 days of account opening. Promo code: TN.
• ($100) Open an M&T EZChoice, Classic, or Basic checking account and receive a sign up bonus of $100 when you set up a qualifying direct deposit of $500 or more within 90 days of account opening. Promo code: TL.

Promo code TN or TL pre-populates the promo code field when using the above link and inputting an eligible zip code.

The Fine Print

• We will credit one cash bonus to the account if the account receives a total of at least $500 in qualifying direct deposits within 90 days of account opening.
• Qualifying direct deposits include, but are not limited to, recurring electronic deposits such as payroll, pension or Social Security. Person-to-person, bank transfers or other electronic money transfers such as those made through internet payment services do not qualify.
• Bonus will be credited to the account within 90 days of direct deposit activation as long as the account is in good standing and all of the eligibility requirements are satisfied at the time we seek to credit the bonus.
• Bonus is reportable for tax purposes.
• No more than one bonus will be awarded regardless of the number of accounts, titling on account, or the number of direct deposit arrangements established.
• Bonus offer may vary by product and region.
• Cash bonus offers are not available to employees of M&T Bank or any of its affiliates or to customers who have already received a bonus in connection with an M&T personal checking account within the preceding twelve-month period.
• A $50 early close-out fee applies if the account is closed within 180 days of the date the account was opened.
• This offer is valid on new checking accounts opened by 07/15/2018.
• This 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 no monthly fees.

Basic Banking

This account has a non-waivable $3 monthly fee.

Classic Checking

This account has a monthly fee of $4.95 that can be waived with any one of the following methods:

• Have at least 1 direct deposit to your M&T Classic Checking with Interest account
• Keep an average daily balance of $500 or more in the account per monthly service charge cycle
• Make 10 or more debit card purchases or payments
• Keep combined balances of $1,500 or more in eligible personal deposit accounts

MyChoice Plus Checking

This account has a monthly fee of $14.95 that can be waived with any one of the following methods:

• Keep an average daily balance of $2,500 or more in the account per monthly service charge cycle
• Have direct deposits to your MyChoice Plus Checking account totaling at least $1,500 per monthly service charge cycle

MyChoice Premium Checking

This account has a monthly fee of $24.95 that can be waived with any one one of the following methods:

• Keep an average daily balance of $7,500 or more in the account per monthly service charge cycle
• Keep total combined balances of $25,000 or more in eligible personal deposit accounts, loans and home equity outstanding balances, investments⁶ and business deposit accounts

Early Account Termination Fee

Looks to be $50 now if closed within 180 days.

Our Verdict

The direct link above is just a generic M&T website link, so the bonus should work for any zip code deemed eligible (not sure what the “not transferable” means in the fine print). I’m assuming this bonus is available in the the states listed above, as was the case last time around (note it won’t work in all areas in those states). Let us know if you see eligible areas elsewhere. Remember, you can’t do this if you’ve gotten a bonus within 12 months.

Thanks to reader Michael for letting us know about this bonus. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• 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
• Bank Bonus Posting Times

Bonus history

• Update 7/1/20: Extended through September 15, 2020. It seems like promo codes are now state restricted. E.g TH doesn’t work in NJ/NY.
• Update 3/11/20: New $250 checking/$100 savings bonus with promo code TK. Hat tip to Peckerwood17. Valid until 6/1/20 Looks like the TK promo code has not been extended.
• Update 1/15/20: There is a $400 bonus now.
• Update 1/7/20: Deal has been extended until March 2, 2020.
• Update 11/8/19: Deal has been extended until January 6th, 2020.
• Update 8/20/19: Deal has been extended until November 4th, 2019.
• Update 7/10/19: Deal has been increased to $300 for MyChoice Plus or Premium & $200 for EZchecking & basic. Hat tip to readers Sean A & Allen W
• Update 7/2/19: Now available until August 19th, 2019
• Update 5/14/19: Deal is now available until July 1st, 2019.
• Update 4/7/19: $350 bonus now available in branch. Hat tip to reader Gerald
• Update 2/26/19: Bonus has been extended until April 1st, 2019.
• Update 1/17/19: Offer has been extended until February 25th, 2019.
• Update 11/28/18: Offer has been extended until January 16th, 2019.
• Update 11/01/2018: Offers extended until November 26th, 2018
• Repost 09/17/18: There is now a $300 in branch offer. Details below. Hat tip to Lazy Traveler’s.
• Repost 8/19/18: Offer extended through September 5, 2018. 
• Repost 7/19/18: Offer extended through August 15th.