Posted by William Charles on August 10, 2016
Bank Account Bonuses

Published on August 10th, 2016 | by William Charles

81

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

This offer has expired but there is another offer for $150.

Offer at a glance

  • Maximum bonus amount: $200
  • Availability: Limited to the following states:  AZ, CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $100
  • Additional requirements: None
  • Hard/soft pull: Soft
  • Credit card funding: None
  • Monthly fees: Waive-able
  • Early account termination fee: $50 180-days
  • Expiration date:  September 23rd, 2016

The Offer

  • Open a new M&T personal checking account by September 23rd, 2016 with the promotional code QF 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 bank

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 people have received the bonus even if they didn’t receive the targeted mail out (the coupon code isn’t unique). They are currently offering a bonus of $150, that offer has a landing page if you feel more comfortable but you’re leaving $50 on the table. $200 is the biggest bonus M&T Bank have offered. Most people love this bonus because the bonus posts exceptionally fast after meeting the direct deposit requirement (and they aren’t exactly strict on that). Because of that we will add it to our best bank sign up bonus article.

Hat tip to reddit user billcard

Useful posts regarding bank bonuses:



81
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
Dan
Dan

Finally, a decent bank account bonus for AZ.

Christopher
Christopher

I got this bonus in the past. Can I get it again?

Thanks for your help!

Taddy
Taddy

For some strange reason their page doesn’t seem to like my license number (I don’t drive), so it’s not allowing me to progress further. I have a PA license, so no letters (only numbers), I didn’t do any spaces between the numbers. No Ad/Pop-up blocker on.

Anyone else having a problem or should I try in IE instead of Chrome? I get the same error if I do in an incognito window.

Lagerback
Lagerback

I just did the $150 promo and bonus posted, but I called M&T CSR in an attempt for them to honor the $200 since I opened mine only a month ago. They told me no, but the CSR said I can still earn the $200 bonus by simply opening another checkings. Like most bank promo’s where the bonus will not apply if you have or had an account with the bank in the past 6-12 months, this does not seem to apply here. From what it sounds like, I’m still eligible for this $200 promo as long I follow the requirements. Based on the fine print on this page, it just says “new” account and does not mention not being eligible if already have a current account or had one in the past 6-12 months. The CSR also emphasized to me “as long as its new.” So opening a second checkings is considered new.

Anyone have any DP/experience on this? If it is true, then its a total of $350 ($150 + $200) between the 2 promos and that’s HUGE.

howard
howard

That’s very interesting! I am in the same situation as you Lagerback (i.e. having an existing checking account with M&T). Is it easy to open a second checking account within the same bank? Would a different type of checking do in this case?

Steve
Steve

I just opened a second account online with the code and had no issues. In the application, they ask you if you have an existing account and for the account number. It also asks you what you will be using this new account for. One of the options is secondary checking account. There should be no reason why we shouldn’t get the bonus as if does state anything in the terms.

howard
howard

Thank you Steve!

Lagerback
Lagerback

DATA POINT:

I waited for more DP’s and just did it myself this past week: opened a
second EZ checkings (after opening the first one only a month ago with success $150 bonus) and DD ACH with Santander. $200 bonus deposited into my account instantly.

This bonus(s) is so huge with the easiest req’s that it should be in a whole other category of greatness on it’s own.

foobar
foobar

Is this limited to once per lifetime? I don’t see it in the terms. I received an M&T bank bonus 10 years ago.

Andrew
Andrew

I just closed my account for the $150… I’m gonna open another one now. Will report back if bonus posts.

Max
Max

They will not open account “due to the information you provided.” Nice an vague of them. Answered all 6 of the identity verification questions correctly. Waste of time for me.

Rob
Rob

At what point do you put in the promo code? Want to be sure it works before I put in too much info.

Adam
Adam

How soon does the DD have to hit the account?

Erik
Erik

How do you know which states it works for? I’m in Oregon, and on some other blogs it says it works in OR, but I noticed you didn’t mention that in your post.

Ramesh
Ramesh

Same Question. I’m not sure if it will work for Arizona. We have a branch at Mesa in Arizona, but when contacted customer service, they told me that this bonus offer is not eligible for Arizona residents. Please let me know if it works for Arizona. Thank you

John
John

DD:
Opened the $500 balance = no fee account on 8/8, employer DD of $500 DD posted early 8/12, bonus posted same day. Opened the 1 transaction a month account on 8/10 with $100 from Ally, transfer and bonus posted 8/12.

JP
JP

So you opened two accounts and got $400 total?

John
John

No, $350 total.

Harold
Harold

Starting from https://www.mtb.com/banking/checking, it says

GET $150 CASH BONUS

Valid only for accounts opened in New York in the following counties: Allegany, Cayuga, Cattaraugus, Chautauqua, Erie, Genesee, Herkimer, Jefferson, Livingston, Madison, Monroe, Niagara, Oneida, Onondaga, Ontario, Oswego, Orleans, Seneca, Wayne, Wyoming, Yates

Sorry! This offer is not available in your region.

I wonder if this also applies to the $200 bonus. I’d like to hear from anybody in the other New York counties who has tried applying for that bonus.

Steve
Steve

I just got the $200 from opening another checking account with them. I did the $150 offer two months ago. Super easy!

John
John

Is your original account where you received the $150 open?

Steve
Steve

Yep. Still open waiting for the 180 days to pass.

Jeff
Jeff

Steve, are the two accounts both EZChoice checking accounts or are they different types? Please let me know – this will determine whether I try a second account or not. (My $150 bonus one that’s still open is EZChoice.)

andrew
andrew

I would like to know this as well!

Steve
Steve

They are both EZChoice Checking.

Jeff
Jeff

Also, did you use the same online login, or make a totally new one?

Steve
Steve

The new account was automatically added to my online banking. I was even able to transfer the $100 deposit + the $200 bonus to my existing EZChoice account and withdraw it since I don’t have the debit card for the new account yet.

howard
howard

Did you use an actual payroll? I saw from the past that Paypal transfer would work so I used that, but if not I will switch to an actual payroll. Thanks!

Peter
Peter

Mine didn’t link, and the new one was locked today.
I hope it’s not dead. I’ll wait on see what happens. Folks, don’t call!

howard
howard

oh shoot. what do you mean by locked?

andrew
andrew

for the MyChoice Checking (keep $500 acct), I get that you have to be greater than 50 years old to apply

Back to Top ↑