M&T Bank is offering three different cash bonus promotions if you open up a checking account by 8/25/2023. 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, MD, NJ, NY, PA, VA, 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 – up to $350
You can get $350 when you open a MyChoice Premium checking account using the promo code AC and maintain an average monthly balance of at least $10,000 for the calendar months of October and November 2023.
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 9/29/23)
M&T Checking Account – $200
M&T Bank has the same promotion on each of their three checking accounts:
- EZChoice Checking
- MyChoice Plus
- MyChoice Premium
The accounts have different fee schedules and minimums but the bonus is the same – get $200 when you open an account and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Check each account for their separate account terms.
(Offer expires 11/30/2023)
How Does This 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.
⭐ BMO Smart Advantage Checking – $400
BMO Bank is offering a $400 bonus* when you open a BMO Smart Advantage Checking and when you have a total of $4,000 or more in qualifying direct deposits within the first 120 days. It is a very straightforward offer that is available nationwide.
*Conditions apply
⭐Citi Priority Account – up to $2000
Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2024. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH923 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
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® – $200
Chase Bank will give you $200 when you open a Total Checking account and set up and receive a direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
The EZChoice Checking promotional and the MyChoice Plus offers are OK but you can certainly do better than the MyChoice Premium and its high minimums.
Amber says
Can you still get the sign up bonus if you don’t do the 25$ 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.