Posted by William Charles on January 24, 2018
Bank Account Bonuses

Published on January 24th, 2018 | by William Charles

71

[Expired] [YMMV] M&T Bank $150 Checking Bonus (TN & TB) – Available Online [CT, DC, DE, MD, NJ, NY, PA, VA, WV]

This deal is no longer available, view more checking bonuses we recommend here.

Offer at a glance

  • Maximum bonus amount: $150
  • Availability:  CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $500
  • Additional requirements: Use promo code TB
  • 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 April 11th, 2018 April 30th, 2018
  • Household limit: None listed

The Offer

Direct link to offer when you e-mail the code it will show as TB when you open from that page it shows TN

  • Open any new M&T checking account by March 30th, 2018 with the promotional code TN and receive a sign up bonus of $150 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.
  • 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

M&T Bank used to be the holy grail of bank bonuses, state restrictions weren’t enforced, bonuses posted quickly and you could do bonuses multiple times. As far as I know that is now longer true and all of the terms are enforced, but I’m really not 100% sure on that. I guess some people will give this a shot anyway and we will have some datapoints, but I don’t have high hopes for it working. For now I won’t add it to the best checking bonus page until we know more.

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

Useful posts regarding bank bonuses:



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Yet Another Redditor

Doc, this $150 bonus and not $200

Gadget
Gadget

Beat me by a minute…

Last account I opened with them they shut it down before I could even get in a ACH. Good luck with this one. I think they actually hired people to QA these applications, and assigned a “virtual branch manager”. Go figure – this bank follows the rules now. I hope we see some non-troll successes.

If anyone gets a bonus, please list when your most previous M&T bonus was, if ever.

Yet Another Redditor

Also, emailed code is TB and Online code is TN

LC
LC

Attempted and will report back 🙂

MoreSun
MoreSun

Bless you!

Yet Another Redditor

New M&T customer or have you gotten those bonuses before? If yes, when did you last get the bonus?

Lc
Lc

They closed it. No go guys

SamSimon
SamSimon

Lc how many accounts did you open? How did you answer on the question “do you currently have checking account with M&T”? thanks

dizzy
dizzy

It let me sign up at least…fingers crossed!

Gadget
Gadget

Their norm (a few months ago) is to open the account; you will be able to login and see it, then about two days later it will disappear and you get a letter in the mail.

dizzy
dizzy

We’ll see…I tried in the late fall twice and I didn’t even get that far in the process, at least this time I have a new account number. I had closed some previous accounts.

dizzy
dizzy

So far so good, over 24 hrs now and money has been withdrawn from my funding account.

SamSimon
SamSimon

dizzy, now you still hold some accounts with M&T but applied anyway? You had more than three accounts overall opened total? How did you answer on the question “do you currently have checking account with M&T”? thanks

dizzy
dizzy

I had 2 accounts with MTB at the time…this one was my 3rd. The other 2 were out of 5 I’d opened in the last yr (3 closed). Account is still open, my $500 just hit 2 days ago, so now just waiting for bonus to post (usually it’s very quick, but a holiday right now)

GottaGetThoseMiles
GottaGetThoseMiles

Looks like this isn’t available in all parts of the states listed. No branches in my area of VA and when I put in my zip code it says the offer is not available in my region.

humberto de richmond
humberto de richmond

I’m in Virginia and it worked….

Yet Another Redditor

Try with this link for a Fairfax, VA zip code
https://raisethegreenflag.com/AccountSelection/22030?Promo=TN and then use you actual address in the application.

humberto de richmond
humberto de richmond

the last time I opened the account in branch. i clicked on gmail ad and selected to email myself a coupon. the code was for a promotion code i already received.

Humberto de Richmond
Humberto de Richmond

I received an email confirm that I will receive the bonus.

SamSimon
SamSimon

I assume you opened your first M&T account at branch but after that all you opened a lot of your M&T accounts online?
“I received an email confirm that I will receive the bonus.” you mean back then in 2017?

Humberto de Richmond
Humberto de Richmond

No, I’m sorry for the confusion. I opened all the previous accounts online. The last online account was for an unused code that I wasn’t targeted. I did ACH deposits as before. After I didn’t receive the bonus I did work DD. After that didn’t trigger the bonus I emailed them and called. The reply was I wasn’t targeted I didn’t quelify.

Humberto de Richmond
Humberto de Richmond

For the last account I clicked on a gmail banner ad. I printed the certificate. The code was for a signup bonus I received previously. I took the coupon to a branch and opened the account in person. The normal methods did not trigger the bonus. After asking about when I will receive the bonus. I was told that i still needed to DD. That I will receive the bonus once I meet that requirement.

SamSimon
SamSimon

as I understood, you opened and closed accounts right after you got the bonus?
1. Or you had many accounts opened and still contacted M&T and asked for bonus without legit DD?
2. After all accounts were closed you went to the branch to open another account?
Be careful mate, play smart.

humberto de richmond
humberto de richmond

I always kept the accounts open for 6 months.

Tommy
Tommy

I haven’t had an M&T account since I left university. Attempted and I will report back.

Jason
Jason

The game is back now?

Gadget
Gadget

Sending out a few brave soldiers to see what happens.

Jason
Jason

Spartan 300!!!

Satya
Satya

Opened the new account today without any issues. I opened the account before in Oct but never got the bonus. The said I don’t qualify for it. Let’s see if I get one this time.

Humberto de Richmond
Humberto de Richmond

I printed the coupon and took it to a branch. The representative was finishing up (typing the account number) when another rep came in and told me that because I had 9 accounts last year it will have to be “reviewed”. That I should receive a phone call tomorrow or the next day.
She apologize and told me that opening bank accounts creates a lot of paperwork.
She said that now in the application for new accounts there is a “tool” that will recommend for a review if the applicant has opened/closed more than 3 (three) accounts in the past year.

Gadget
Gadget

This makes sense that they recently created the “tool”, because they obviously were not good at tracking it before.

If that info that she gave you is accurate (More than 3 open/closed in the past year is the trigger for failure), many of us won’t be eligible until end of 2018/early 2019, assuming 12 months from acct. closing activity. Once again – important to keep good records of account opening, bonus payout, and closing dates.

SamSimon
SamSimon

All your 9 accounts are currently closed?

Humberto de Richmond
Humberto de Richmond

I have two accounts open. One, I did employer DD but they decline the bonus. The second one. I tried a ACH and asked about the bonus. They replied that I still need a DD o receive the bonus.

Flea
Flea

Thanks, that is super helpful intel, and retroactively answers a ton of 2017’s questions on account openings…

V
V

Yes, indeed, it feels like the secret path to the treasure was revealed here. I got 5-6 successful bonuses per person between fall 2016 and July 2017, then some new accounts were denied and some accounts were closed a few days after opening.

pizzywoah
pizzywoah

Opened about 20 M&T accounts last year (2 player mode). Then the gravy train stopped. On Tuesday, I saw this deal so I applied for accounts for both of us. Both accounts opened fine, went through entire process. Accounts showed in online banking yesterday. Accounts disappeared today. I am expecting a letter or email stating that i am not eligible and that they force closed the account.

SamSimon
SamSimon

All accounts are closed? How did you answer on the question “do you currently have checking account with M&T”? thanks

Humberto de Richmond
Humberto de Richmond

I always answer yes. That way they show up together.

SamSimon
SamSimon

Last year I always answer – NO. and they all still showed up under one account. I think maybe they change it this year….

MarcoPolo
MarcoPolo

Just received the 1099-INT from M&T Bank. According to them (2 players) we earned an interest of over $3000.
Interestingly Huntington Bank 1099-INT only showed $200 bonus but no interest.

strema
strema

Opened account last week, Alliant ACH posted yesterday, no bonus yet. I will try employer DD to see if it triggers.

strema
strema

Employer DD did not trigger the bonus, either. I guess the gravy train really is over. 🙁

dizzy
dizzy

Did you get bonus to post yet? I had my Cap One DD hit which worked previously, no bonus, but it’s only been 2 days.

Strema
Strema

Nope, think I may be out because I did 4 or 5 bonuses last year.

Rob
Rob

I just got a mailer for a similiar offer with the exact same terms and conditions, except with a $200 bonus instead of $150, and with expiration date of 3/23/18. And the mailer also says the offer is nontransferable. Not sure if its worth it for anyone else, but if so, the promo code on the mailer is “TE”

Ry
Ry

I’ll give it a go. Will report back.

SamSimon
SamSimon

Rob, your state and zipcode please?

Rob
Rob

VA 22202

SamSimon
SamSimon

Now It’s a mystery to me how they target people, because you got no M&T banks near you… very strange how they target…

lcomm
lcomm

I live in Maryland. I’ve received M&T mailers in the past but never bothered to open an account for the bonus :-(. I got one in the mail this week for $200/$250, expires 3/23/2018. I’m taking advantage of this one. The mailer has fine print that may be useful to people who have opened accounts in the past:

Cash bonus offers are not available to employees of M&T Bank, any of its affiliates, or to customers who have already received a bonus in connection with a personal M&T checking account within the preceding 12-month period.

L
L

My follow up: I opened account a week ago. Pushed $500 from Alliant CU to M&T. M&T deposited the bonus to my account the next business day.

SamSimon
SamSimon

$200/$250 – codes please for both?
thanks

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