Posted by William Charles on February 9, 2018
Bank Account Bonuses

Published on February 9th, 2018 | by William Charles

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[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:



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dizzy
dizzy

To be fair, I had 5 MTB bonuses last year, and was successfully able to open a 6th like 2 weeks ago. I think the key is not having more than 3 accounts. I’ve just closed another account that hit its’ 6 month mark and will report back in 2-3 weeks after applying for this one.

*funny enough while I was typing this I got a call from MTB…I got nervous, but the lady just wanted to know if the recent account was ok and if I got debit card. I mentioned I didn’t, maybe bc mail delayed with the Iggles nonsense, and she was like, oh yah, heard that from everyone. Nothing about multiple accounts or closing the other account.

Humberto de Richmond
Humberto de Richmond

FYI: the last time I opened an account (a few weeks ago) I went to the branch. The rep said that now they have a “tool” and because I had several accounts opened last year it would have to be manually reviewed. A few days later M&T called and said that they couldn’t open the account because I had too many opened last year. She said in passing that if you open more than 3 it gets flagged for review. I only had 2 accounts opened at the time.

Jason
Jason

Thank you both! Good to know!

KP
KP

I only opened two last year myself. If dizzy reports back with good news it may be another case of YMMV. We shall see.

Sassenav
Sassenav

Can you update us if you get the bonus? I am curious if they are inforcing the 12 month rule for new bonus.

Jude
Jude

Is the bonus $150 or $200? Conflicting info in the post.

Pat S
Pat S

It’s a typo if you read the flyer (picture) it says $200 and the code TE

Erich
Erich

I received a targeted ad for $250 for the same requirements. Anyone else?

SamSimon
SamSimon

What’s the promo code?

Erich
Erich

TK

Splat
Splat

Were you successful in getting the $250 promo?

SamSimon
SamSimon

Hey, Erich, was it also for opening EZChoice Checking? and what was the deadline? Thanks!

SamSimon
SamSimon

This BONUS might be specific for targeted area (zip codes) people be careful! Even if you open account the bonus will not be triggered.

Doggo
Doggo

I opened an account with code TE in branch. SM’d and got a reply saying it is a special promotion and my name was not included in it. So I guess it really is a targeted offer… I’m still gonna do some DD’s to see if it triggers the bonus though

Doggo
Doggo

Update:

Opened EZ Choice Checking in branch 2/13 – showed banker the screenshot of mailer posted here with the code TE
2/16 $515.56 Square Cash cash out
2/20 $200 bonus posted

I’m an existing customer (been with them for 3 years already as they’re 1 of the 2 major banks in my town), but have never received a bonus from them. I was also not targeted by the mailer, I just used the TE code online. After opening the account I SM’d them to ask if the code was attached to my account, they got back to me after 3 days saying I’m not eligible because I wasn’t “on the list” of people whom they sent this offer to. I still got the bonus though 😀

I’m in PA btw.

Jason
Jason

Opened EZ Choice Checking online 2/11 – used code TE from your post here; was NOT targeted.
Last bonus-paying M &T acct open 18 mo ago; closed 11 mos ago.

2/16/18 Discover CC (ACH) cash redemption $150 posted
2/21 Real DD from employer $400+ posted
2/22 M&T $200 bonus posted – Yay!

Soft pull confirmed

Acct number issued in real-time with online set up, to expedite set up of DD.

Location: SE Pa

Thanks, DOC! You rock!

SamSimon
SamSimon

Delete comment

Alex
Alex

Push from Capital One 360 didn’t trigger the bonus. Real DD from employer – did. Was not targeted, applied in NY with promocode TE.

SamSimon
SamSimon

Doc, post states “Expiration date: March 30th, 2018”
Picture shows “Expiration date: March 23th, 2018”

cheesymoney
cheesymoney

2/27 $501 Chase ACH
2/27 $501 Ally ACH
3/12 $502 CapOne 360 ACH

Used code TE, and not targeted. No bonus yet.

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