M&T Bank is offering three different cash bonus promotions if you open up a checking account by 5/31/2024. Simply apply online or visit your local M&T Bank to open an account and set up a direct deposit totaling a certain amount within 90 days to receive your bonus.
When it comes to regional banks, M&T Bank is one of the largest and most recognizable in the northeast United States. It helps that they have their name all over M&T Bank Stadium, home of the NFL’s Baltimore Ravens!
Founded in 1865, M&T Bank stands for Manufacturers and Traders Trust. They are headquartered in Buffalo, NY and its FDIC# is 588.
Living in Baltimore, we see M&T Bank branches all over the place. Their headquarters are in the northern part of New York but they have branches scattered throughout the northeast of the United States.
If you are near an M&T Bank, you can take advantage of one of the most generous bank promotions available right now.
M&T Bank promotions are available to residents: of CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, VA, VT, WV.
M&T Bank runs different promotions in different areas. The accounts are the same but the amount of the welcome bonus will vary. The values listed below are ranges and the screenshot was taken in a Maryland ZIP code.
Check out our full review of M&T Bank here.
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MyChoice Premium Checking – $400
You can get $400 when you open a MyChoice Premium checking account using the promo code TE and set up qualifying direct deposits totaling at least $1,000 within 90 days of account opening.
The MyChoice Premium offers exclusive rates on deposits and loans, though you must have cumulative direct deposits of $7,500+ or more each month or a $25,000+ average daily balance to avoid the $24.95 monthly maintenance charge.
(Offer expires 5/31/2024)
M&T Bank Tailored Business Checking – up to $1,500
M&T Bank has a two part offer on their M&T Bank Tailored Business Checking account where you can get up to $1,500 if you satisfy both conditions.
First, open a new M&T Bank Tailored Business Checking account with promo code BD by 6/28/2024 and set up qualifying direct deposits totaling at least $1,000 within 90 days of account opening. A $500 bonus will be credited within 45 days after the end of the third full calendar month after the account is opened.
Next, you can get an additional $500 cash bonus when you open a new M&T Merchant Services account with promo code LetterCB124 by 3/31/2024 and process a transaction by 3/31/2024. The bonus will be determined by the total processing volume for the first two full months. If the volume is over $100,000, you get $500. If it is over $1,000, you get $250.
How Does This Bank Promotion Compare?
We maintain a list of the best bank promotions over $100 and the dollar amounts of the promotions are comparable to the highest on the list.
The advantage of this offer is that there is no direct deposit requirement, you just need to put in at least $10,000 and keep it there for a few months.
Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $25,000 or more within 30 days and maintain at least $25,000 for the next 120 days. The savings account also pays a competitive interest rate of 4.35% APY while you wait.
BMO Relationship Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Relationship Checking and when you have at least $7,500 in qualifying direct deposits within the first 90 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $200 Bonus Offer
Bank of America offers a $200 Bonus Offer cash bonus if you open a new account and Set up and receive qualifying direct deposits totaling $2,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
HSBC Premier Checking – up to $4,000
HSBC has an offer where you can get up to $4,000 for eligible new customers who open an HSBC Premier checking account, make a sizable deposit, and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months.
The EZChoice Checking promotional and the MyChoice Plus offers are OK but you can certainly do better than the MyChoice Premium and its high minimums.
Can you still get the sign up bonus if you don’t do the 25$ minimum opening deposit when opening the account? What if it doesn’t ask for the 25$ and let’s you open the account without it saying you will give it in the 60 day period along with the 500$ direct deposit you are going to do in order to get the sign up bonus. Will you still get the bonus without the first day 25$ but do the direct deposits each week after totaling way more than 500$ in the 60 day period
The minimum opening deposit is what they will need to open the account itself, so you won’t be able to open an account without depositing $25 to start.