Posted by William Charles on February 8, 2017
Bank Account Bonuses

Published on February 8th, 2017 | by William Charles

157

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

This bonus has expired, you can view more M&T bonuses here or the best checking bonuses here.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability:  CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $100
  • Additional requirements: None
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees: Avoidable
  • Early account termination fee: $50 180-days
  • Expiration date: March 25th, 2017
  • Household limit: None listed

The Offer

No direct link to offer (go to mtb.com/checking and enter promo code QK, but read our verdict first)

  • Open a new M&T personal checking account by March 25th, 2017 with the promotional code QK and receive a sign up bonus of $200 when you do the following:
    • Set up a qualifying direct deposit of $100 or more within 90 days of account opening

m&t bonus

The Fine Print

  • 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

The bonus is available on any personal checking account, including: EZChoice Checking, MyChoice Checking, MyChoice Plus Checking, MyChoice Premium Checking, Classic Checking, Basic Banking. Let’s look at the easiest options for keeping fee free.

[Note that M&T Bank is one of the few banks that doesn’t give you a grace period, the requirements mentioned below must be completed your first month to keep it fee-free.]

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.

MyChoice Checking

This account has a monthly fee of $6.95 that can be waived with any of the following methods:

  • Receive direct deposits totaling $200 or more
  • Make 10 or more monthly debit card purchases
  • Keep an average daily balance of $500 (might be $1,500 depending on your area) or more 

Basic Banking

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

Early Account Termination Fee

Update: Looks to be $50 now.

Our Verdict

In the past (here & here) people have successfully gotten the bonus without being targeted, but YMMV as always. They also have a $150 bonus with a landing page that some people may prefer. There are two great things about M&T bank:

  • Their bonuses are extremely churnable
  • Their bonuses post extremely quickly after meeting the requirements

We’ve added this to our best bonus page now that somebody has confirmed getting the bonus without being targeted.

Big thanks to reader, cloknem & Bagel_Fatigue on /r/churning who let us know. Please consider sharing bank bonuses with this site so we can make it even better.

Useful posts regarding bank bonuses:



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DirtyLilRat
DirtyLilRat

How much time needs to pass after closing a previous checking account?

Justin
Justin

I believe there is no requirement.. I was able to get 2 bonuses within a week of each other in August. I still have them open because it hasn’t been 180 days. Unsure if I should open a third or close the first 2, then open this one.

Greg
Greg

Justin, just for clarification, are you saying you opened 2 different account types at the same time and received a bonus (probably separate bonus types) for each? Thanks.

Justin
Justin

Yes, the $150 and $200 bonus

Eric
Eric

You opened the accounts through the same offer or 2 different offers? So you think if I close my account now I’ll be fine for this bonus next month?

Eric
Eric

I was about to ask the same thing. I still have my account open.

No terms are listed here about not receiving a bonus within a certain amount of time. Does that mean there are no such restrictions?

Greg
Greg

I second the above question,

Also, if I already have one of the accounts, can I open a different type and get the bonus?

Eureka.
Eureka.

I keep seeing “easy” and “churnable” which is great, but the 180 termination means this can only be done twice a year right? or can I presumably, do this over and over, make 150, pay 50. next month, make 150, pay 50… ect

yussuf
yussuf

Personally, i would terminate early and just pay the 50 instead of sitting on an open account and fret over keeping the requirements. Nice easy 150 bonus and no worries

MM
MM

FWIW, Arizona doesn’t seem to be included in this offer. If you go to the bonus landing page and put in an AZ zip, it says not offered in this region. This happened with their bonus offer sometime last year too. Guess the snowbirds don’t wanna share the wealth:)

John
John

I have opened 3 EZ Choice Checking accounts last year. The first one through the DOC link and the second using the promo code QF. The nationwide bonus came back around in November and I pulled the trigger a 3rd time. Each time I used my payroll and received the bonus the next day. I have closed the original account and am now waiting on the 180 days for the other two. Transfers between your M&T account will avoid the monthly fee. Opened the 4th one today and hoping it works again.

JP
JP

Please. Overzealous people please. Don’t kill this deal. Wait at least three months to open new account. They have regular bonuses and no need to apply twice or thrice in a month. That is what kills the deal. Every. Time.

Thanks

EO
EO

Where is the geographic restriction listed? I successfully opened an account from IL and entered the promotion code when I did so. Should I expect not to receive the bonus?

Chap
Chap

Did you open with a Drivers license or passport? I want to use a passport but they do not seem to have that option

EO
EO

Drivers license. Already got the account number and successfully setup online banking. Only question will be whether they restrict the bonus in terms of geography (even though I saw no mention of this in the ad.) I suppose I will be the dp I want. Will keep everyone posted.

Chap
Chap

I’m in too! Except I will be using an out of state DL with an in-state address (parents address). There are previous DPs (one I could find) that say they got the bonus without the state restriction so we’ll see.

Johnny

I got the following message, anyone else get this before? This will be my 3rd checking acct in last 2 months so perhaps that could be a reason?

Application Review

Thank you for applying for an M&T Bank account. We are in the process of verifying the information you have provided.

You will be contacted by telephone or e-mail within the next three (3) business days.

Please retain the following confirmation number for your records:*************

Thank you for your patience and for choosing M&T.

JC
JC

Hey Johnny, were you contacted? Was there any issues? Please advise. Thank you!

Ken
Ken

Any update to this? Same thing happened for my wife just now.

y
y

Any way of getting the account and routing number online once the account is opened? They gave it to me as soon as i opened the account but i dont see it anymore and per the rep I can only request it in bank or wait till monthly statement generates…?

velks
velks

Try generating a direct deposit form, that should have those two numbers in it.

Patti
Patti

I tried this. It simply opens a new window offering to download a dd form but it’s a blank with instructions to fill it out and print it.
I had to go into branch to get my acct number. They would not give me acct numbers for my hubby or son of course, so they will have to go in themselves.
Their branch hours suck for people who work days and occasional Saturdays so who knows when they will get the chance to get to a branch. It’s possible we can view it on next statement by the time they can get to a branch. Sigh…. 🙁

Note to self: Slow down, pay attention and READ when opening accounts!!

RS
RS

I’m having trouble with it too. Can’t find it online and I guess I’ll need to go in branch for it. When I close the account I’ll cite the poor web interface as to why, which is true.

Robert
Robert

use the chase secure message trick. Send a secure message then look in your outbox and open the message you just sent, it will give the full account number.

y
y

Thanks. Wish I had known this earlier. Had to go in bank.

loren
loren

Where can I find my routing #? I did this to get the account # but need both to set up ACH

Tom
Tom

Routing Number… 022000046

Tom
Tom

Upate:There are three M&T Bank routing numbers based on the state in which you opened your account. They are:

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

I live in Virginia but opened account online and was given and use the 022.. routing number successfully.

Loren
Loren

Cool thanks yeah I saw that but I did online from California so I’m unsure of what it is. Would it be the same as my 1st account i made?

Ken
Ken

@Loren – Yes your 2nd account will have the same routing as your first.

Jake
Jake

So we all know that we can get both the $150 and $200 offer. The question is how often can you repeat this process? Once per expiration date? Going to test this out in a couple of days.

bt
bt

When I go to apply I am getting an https certificate error. No way in hell am I going to put my SS in that.

Gadget
Gadget

This has been fixed.

AD
AD

I went to branch today in DE. I was told that $200 is targeted and I was offered $150 bonus instead.

Pat
Pat

This is interesting. I opened my first M&T EZChoice account (also on 2/11) using the QK code and received a $150 bonus on 3/3 right after meeting the $100 DD requirement. Seems most DPs in this thread specify their account was opened some date prior to 2/11. I wonder if M&T began to separate bonus amounts based on branch vs online application.

jcb
jcb

Now I’m confused. Comments here say can churn with no real date but this reddit comment says mailer had 6 month language: https://www.reddit.com/r/churning/comments/5ssxcl/mt_bank_250_checking_bonus_code_qo/ddhkr8c/

crystal
crystal

has anyone who wasn’t targeted got $200 bonus?

Paul
Paul

I was not targeted but got the following letter in the actual snail mail:

At your earliest convenience, please fax to us copies of the documents listed below:
Social Security Card
Recent utility bill.

Then a fax and a phone number are listed. Seems odd to just fax my SS card to them but I suppose I’ve already given it over in the app anyhow.

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