Posted by William Charles on April 13, 2017
Bank Account Bonuses

Published on April 13th, 2017 | by William Charles

398

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

Unfortunately seems to be expired now. List of the best checking bonuses can be found by clicking here.

Bonus seems to have been extended: datapoint 1 & datapoint two

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: Use promo code QL
  • 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 May 24th, 2017
  • Household limit: None listed

The Offer

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

  • Open a new M&T personal checking account by March 25th, 2017 May 24th, 2017 with the promotional code QL 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
  • You can find your account number by sending a secured message (via Robert), just look in the outbox and it’ll show.

m&t ql m&t ql2

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

This is the same bonus as this from M&T Bank, the only difference is the promo code. This is technically a targeted offer but in the past this has not been enforced at all. M&T Bank bonuses are churnable and there is quite a few currently available:

We will be adding this bonus to our best of list if/when somebody confirms they successfully got this bonus without being targeted. Update: Confirmed.

Big thanks to reader, Michael who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Justin
Justin

Omg M&T the gift that keeps on giving!! Will happily be your DP, Doc

Tony
Tony

Can you get another one of these bonuses if you did this last year?

Marco
Marco

As long as it’s a separate bonus, you should be able to get it no matter what. I don’t know about doing the same bonus more than once.

Marco
Marco

Does M&T Bank just enjoy giving away money? I don’t get it. I’m opening my 5th bank account with them right now. I can’t wait to close a few of these.

John
John

How soon after opening the first can I open the second one?

howard
howard

lol I share the same feeling! does having five open accounts at the same time raise any eyebrows though?

Deb
Deb

This is the DP I was looking to see. Thank you!

Ok, guess we will have more M&T accounts. We got the EZ choice checking last time. Super easy to do 1 transaction. And the fee has been $6.95 (if you forget your transaction) since at least last March.

Michael
Michael

As I mentioned in my comment on the other $200 deal post, both my wife and I received this bonus even though technically we weren’t targeted (the mailer came to our address but made out to the person who lived there before us). Both Venmo and Discover Savings triggered bonus (posted on the same day as the transfers cleared).

Frito Pendejo
Frito Pendejo

Damn I was only able to open accounts for the 150 and 200, got “account cannot be opened online, please call customer service” type error when I tried for the 250. I guess I’ll wait a week and try again.

Ken
Ken

Haha, nice username 😉

Frito Pendejo
Frito Pendejo

I retried this QL code today, over a week later, and it worked! Not sure if I had too many accounts opened at once (2 already that day from MT), or perhaps I messed up the chex questions last time.

Neil
Neil

Has anyone been able to do an M&T Bonus while living out of state using a relatives address in one of the qualifying states?

Marco
Marco

Yes, someone reported in the comments of a post that he or she was able to.

Mark
Mark

Is it possible to open more than one of the same account type with M&T and get the bonus?

I.E. I used the QL code to open an EZ Choice 2 months ago. Could I open a second EZ choice with the new code and qualify for the bonus or do I have to wait until I close out the previous account to qualify?

yussuf
yussuf

I want to know this as well. Will be great to open multiple EZ checking accounts to avoid the fees

Marco
Marco

You should be able to.

Dave C
Dave C

Doc, opened last week with QK. Live in LA and have FL license (here temporarily for work, all legit). Should I expect an issue getting the $200? It allowed me to open it and everything.
Thanks

Neil
Neil

You were able to successfully open an account in a state not included in their requirements? If that’s true I might give that a try…

Dave C
Dave C

Yep sure was

Boaty McBoatface
Boaty McBoatface

did you get the bonus? and by the way, did you put your state as Florida? I’m in the same boat. Thanks!

Dave C
Dave C

Got the bonus, they gave me a hard time since I have 2 addresses, one LA and one FL.

Sal
Sal

Anybody know if this works for in-branch without been targeted?

Jesper
Jesper

Did you try in-branch? I’m in the same situation as you. I opened the standard offer that you can get on the website ($150) but during account opening they requested a copy of the offer that I have received on email or mailer.

So I doubt that you can open any of these targeted offers in branch without having the actual mailer but if you were able to please let me know!

mike
mike

I just opened account and now i’m wondering if promo code is applied or not… It doesn’t say 🙁

Sean
Sean

I wonder how many M&T checking accounts I can have concurrently while flying under the radar. I already have a couple.

Dan
Dan

I have 5 open and just finished opening a 6th and have gotten bonuses on all of them so far and no issues so far.

Eric
Eric

Did you use a different promo code for all 6 accounts?

Dan
Dan

Yes they were all different promo codes.

Ken
Ken

How long have you waited between opening accounts and are they all the EZ checking accounts?

Dan
Dan

All but one were EZ – I did one MyChoice for the $250 promo though I plan on closing that soon and just taking the $50 early closing fee as a cost of the bonus vs moving a pile of cash there to keep it fee free. I would open them as soon as I saw the promo’s post seeing as I wanted to be my own dp.

Ken
Ken

Ok, so not all on the same day?

Patti
Patti

Dan, Did you close this account already? I just read this comment and wanted to let you know we also did the $250 bonus and had no problem downgrading it to EZ checking soon after the bonus posted. Just made the request by SM.
Just saying in case you don’t really feel like paying the $50 to close it early

NBG
NBG

Opened my 3rd one one today. Bonus for first one posted today (less than a week since opening).
All were discover checking $100 push.

sara
sara

Can I open all 5 offers at once?
If not how far do I need to space them?

TD
TD

Went to open just now, told me they could not process my information online and that I should call 🙁

Ken
Ken

Is this your first M&T account?

TD
TD

No I’ve had one for years. Just PC’d down to ez choice

Ken
Ken

Did you answer any of the ID questions incorrectly?

Lin
Lin

Is QM still a valid promotion code?

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