M&T Bank Promotions: $350 New Checking Bonus

M&T Bank Logo

M&T Bank is offering three different cash bonus promotions if you open up a checking account by 5/31/2024.

For the personal checking account, 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. For the business account bonus, direct deposit isn’t required, but you must maintain a certain balance to qualify for the 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.

MyChoice Premium Checking – $350

You can get $350 when you open a MyChoice Premium checking account using the promo code TE or CA and maintain an average monthly balance of at least $10,000 for June and July. 

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.

👉 Learn more about this offer

(Offer expires 5/31/2024)

M&T Bank Tailored Business Checking – up to $1,500

M&T Bank has a three-part offer on their M&T Bank Tailored Business Checking account where you can get up to $1,500 depending on the balance you maintain in the account.

First, open a new M&T Bank Tailored Business Checking account with promo code BD by 6/28/2024 and maintain a certain balance in the third full month of account ownership.

  • Balances between $5,000 and $14,999 will earn a $300 bonus.
  • Balances between $15,000 and $99,999 will earn a $500 bonus.
  • Balances above $100,000 will earn a $1,500 bonus.

👉 Learn more about this offer

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.

U.S. Bank – up to $700

Earn up to $700 when you open a new U.S. Bank Smartly® Checking account and a Standard Savings account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through June 27, 2024. Member FDIC.

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

👉 Click here to learn more


BMO Relationship Checking – $500 Cash

BMO Bank is offering a $500 Cash 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

👉 Click here to learn more


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 new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.

👉 Click here to learn more


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!

👉 Click here to learn more

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.

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools, everything I use) is Empower Personal Dashboard, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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Amber
3 years ago

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

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