M&T Bank Bonus, Get $450 with New Checking and Savings Account

M&T Bank Bonus, Get $350 with New Checking Account

Update: This offer is available again with a $350 bonus through October 27, 2023.

M&T Bank has a new checking account bonus that can earn you up to $450. The bonus is available in select states only and comes in two parts. It requires a total of $20,000 in deposits, but direct deposit is no longer required. Check out the details below.

Offer

Here’s how this offer works:

1. $350 Bonus: Simply open your MyChoice Premium Checking account by 2/24/23 with promo code CA, and maintain an average monthly balance of at least $10,000 in March and April 2023.
2. $100 Bonus: Open a MyChoice Money Market account and maintain an average monthly balance of at least $10,000 in March and April 2023.

The promo code CC is required at account opening. Bonus will be paid out on 5/31/23.

Who is Eligible?

• This offer is only available to residents of CT, DC, DE, MD, NJ, NY, PA, VA and WV and only available to those who have received this offer directly.
• Only one Premium Checking Bonus and one Direct Deposit Bonus will be awarded per customer regardless of the number of accounts opened.
• The bonus(es) are not available to employees of M&T Bank or any of its affiliates, or customers who have received a bonus in connection with a personal M&T checking account within the preceding twelve-month period.
• Only the primary signer on the new checking account may be eligible for the Bonus(es), and may not be or have been a primary signer on any M&T personal checking account within the previous six months.

Account Fees

• EZChoice Checking – No Fee
• Basic Checking – $3 Fee that can’t be waived
• Classic Checking – $4.95 Fee waived with:
  • At least direct deposit to your M&T Classic Checking with Interest account
  • Average daily balance of $500 or more in the account per monthly service charge cycle
  • 10 or more debit card purchases or payments
  • Combined balances of $1,500 or more in eligible personal deposit accounts
• MyChoice Plus – $14.95 Fee waived with:
  • Average balance of $2,500 or more per service charge cycle -OR
  • Direct deposits totaling more than $1,500 per service charge cycle
• MyChoice Premium – $24.95 Fee waived with:
  • Average balance of $7,500 or more per service charge cycle-OR
  • Combined balance of $25,000 or more in eligible accounts

A $50 early close-out fee applies if you close the account within 180 days of opening.

Guru’s Wrap-up

Previously you only need to have $10,000 tied up, but now you need twice as much. But you no longer need to complete a direct deposit, which makes it easier for some people.

The bonus comes in two parts. The Checking bonus is $350 and it requires a $10,000 balance for two months. The Savings bonus has the same requirements, but you only get $100. That works out to 21% APR for the Checking account and 6% for the Savings account.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Link & Full Details

• OFFER PAGE
• Bonus: $350
• Account Type: Checking and Savings
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Inquiry Type: Soft Pull (Don’t select the overdraft protection)
• Credit Card Funding: No
• Direct Deposit Requirement: No
• Other Requirements: $20K balance for two months
• Monthly Fee: Yes (waivable)
• Closing Fee: $50 if closed within 180 days
• Expiration Date: 2/24/23 10/27/23

HT: Doctor of Credit

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