Posted by William Charles on April 26, 2018
Bank Account Bonuses

Published on April 26th, 2018 | by William Charles

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[Expired] [Targeted & CT, DC, DE, MD, NJ, NY, PA, VA, WV] M&T Bank $250 Checking Bonus (TJ)

This deal has now expired, click here for the best current bank account bonuses.

Offer at a glance

  • Maximum bonus amount:  $250
  • Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $500
  • Additional requirements: Use promo code TJ
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees:
  • Early account termination fee: $50 180-days
  • Household limit: None listed
  • Expiration date: June 8th, 2018

The Offer

Direct link to offer (requires promo code TJ)

  • M&T Bank is offering a bonus of up to $250 when you open a new checking account and receive qualifying direct deposits of at least $500. The bonus you receive depends on the account you open:
    • $100 bonus for opening EZchoice
    • $250 bonus for opening MyChoice Plus

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 03/30/2018.
  • Cash bonuses are not available to those who have received another M&T bank bonus in the last 12 months
  • 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 ($100 Bonus)

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 Plus Checking ($250 Bonus)

This account has a $14.95. This fee is waived if you do either of the following:

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

Early Account Termination Fee

Looks to be $50 now if closed within 180 days

Our Verdict

The glory days of churning these bonuses is sadly behind us. But you can still do one every 12 months. Sadly this offer is also targeted. Now that the bonuses are restricted it might make sense to wait for a $250 offer to come along, rather than just accepting a $150 offer. Especially as it’s not too difficult to avoid the monthly fee. Because this offer is targeted we won’t be adding it to our list of the best checking bonuses.

Big thanks to readers, Gerard S & Curmudgeon who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



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Ken
Ken

Does M&T enforce their T&Cs now?

Jason
Jason

yes

John
John

Yes, they enforced for me as well. No bonus because wasn’t targeted late last year.

Curmudgeon
Curmudgeon

Title says $200, offer shows $250.

Superchurn
Superchurn

Also, is it TJ or TE? Title says TJ but then “Additional requirements: Use promo code TE”

Curmudgeon
Curmudgeon

The $250 bonus is TJ. I think Will hasn’t had enough caffeine yet today. 😀

HarryTheFirstHarry
HarryTheFirstHarry

Also, is it targeted or not? This appears to be a public code.

Vivian
Vivian

On the latest statement:
GREAT NEWS!
EFFECTIVE APRIL 12, 2018:
1) WE’VE ELIMINATED THE $6.95 MONTHLY MAINTENANCE CHARGE ON EZCHOICE CHECKING ACCOUNTS; AND
2) EZCHOICE CHECKING IS A QUALIFYING ACCOUNT TO AVOID THE MONTHLY MAINTENANCE CHARGE ON ELIGIBLE RELATIONSHIP SAVINGS ACCOUNTS.

joe
joe

idk, im tiptoe-ing my way around M&T these days

Patti
Patti

Oh I hope this gets extended eventually through the end of August, the one year anniversary since our last bonus with M&T. I miss their easy bonuses. I’d love to know if the old DD rules still apply to trigger the bonus.

Chris
Chris

Any DPs on downgrading to EZChoice after receiving bonus for MyChoice Plus?

XenaWP
XenaWP

Noticed on my M&T EZ Choice statement today this note at the bottom:

“Great news! Effective April 12, 2018: We’ve eliminated the $6.95 monthly maintenance charge on EZChoice Checking accounts””

If you look at the M&T website, it’s also showing as $0 monthly fees now for new applicants. Makes this already easy account even easier to keep fee free 😀

Gerald
Gerald

My wife got this one and opened the MyChoice Plus account. She just got another one, exactly the same except the offer code is TH and the expiration date is July 27. We may go for the EZChoice this time since it’s hard for her to do 2x$1500 monthly direct deposits.

DCMP
DCMP

I opened the MyChoice Plus in July.

I am located in DC and clicked through with the link that added the “TJ” promo code.

Opened account 7/6
Funded from Wells checking 7/11
Employer DD (over $1500) hit 7/31
$250 bonus posted 8/1

I am curious about downgrading to the now-free EZChoice account.

DCMP
DCMP

They actually called me to check in, I asked about downgrading and they said they were happy to do a product change and that I’ll get the new terms in the mail. I see EZChoice already reflected on my account online.

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