[Expired] [Targeted] M&T Bank $200 Checking Bonus (TE)

This bonus has expired, click here for other M&T bank bonuses or here for the best current checking bonuses.

Offer at a glance

• Maximum bonus amount: $200
• Availability:  CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Direct deposit required: Yes, $500
• Additional requirements: Use promo code TE
• Hard/soft pull: Soft
• ChexSystems: Yes
• Credit card funding: None
• Monthly fees: Avoidable
• Early account termination fee: $50 180-days
• Expiration date: March 30th, 2018
• Household limit: None listed

The Offer

Direct link to offer (requires promo code TE)

Open any new M&T checking account by March 30th, 2018 with the promotional code TN and receive a sign up bonus of $200 when you do the following:

• Set up a qualifying direct deposit of $500 or more within 90 days of account opening

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

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.

Early Account Termination Fee

Looks to be $50 now if closed within 180 days

Our Verdict

As far as I know the glory days of M&T are well and truly over. I doubt you will get this bonus if you’ve received another M&T bonus in the last 12 months and you probably need to have been targeted for this promotion as well. It was a good run while it lasted. You can see bonuses worth doing here.

Big thanks to reader, iwipemyown who let us know. 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