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!
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 Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia, and Washington D.C.
Just the other day, I received the following promotion in the mail:
$400 for the MyChoice Premium Checking is pretty high! This offer is not available online though; you must visit a branch to get it. The various promotions can change in promotional value based on the state you live in. The screenshots were all taken in Maryland and the bonus amounts appear once you enter your ZIP code.
Here are the current offers, all of which expires November 4th, 2019:
EZChoice Checking Account – $150-$250
You can get $150-$250 when you open an EZChoice Checking account and make qualifying direct deposits totaling at least $500 within 90 days .
The EZChoice Checking has no monthly maintenance charge and no minimum balance requirement.
MyChoice Plus – $250-$350
You can get $250-$350 when you open a MyChoice Plus checking account and make qualifying direct deposits totaling at least $500 within 90 days.
The MyChoice Plus offers ATM surcharge rebates and some interest, though you must have direct deposits of $1,500+ or more each month or a $2,500+ average daily balance to avoid the $14.95 monthly maintenance charge.
MyChoice Premium – $250-$350
You can get $250-$350 when you open a MyChoice Premium checking account and make qualifying direct deposits totaling at least $500 within 90 days.
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.
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. MyChoice Plus is reasonable with its $2,500 minimum balance to avoid a fee but the MyChoice Premium is a little high at $25,000 to avoid the fee. Very few people have direct deposits totaling $7,500 each month.
By comparison, Discover Bank has a new account promotion where you can get $150 to $200 when you open an online savings account. You get $150 if you deposit at least $15,000 and $250 if you deposit at least $25,000 – AND there are no minimum balance requirements and no fees.
Wells Fargo has a $400 welcome bonus if you open a Wells Fargo Everyday Checking account with a deposit of $25+ and then, within 150 days, set up and receive direct deposits that have a cumulative monthly total of $3,000+ for three consecutive months. The $10 monthly fee is waived if you maintain a $1,500 minimum daily balance or have direct deposits of $500 or more. Each of these should be easy to achieve.
Finally, we have TD Bank new account promotions that offer $300 for new TD Beyond Checking accounts and $2,500 in direct deposits. You can avoid the monthly maintenance fee if you have direct deposits of $5,000+ or maintain a balance of $2,500 or have $25,000 combined across eligible TD accounts. The TD Convenience Checking has a $150 bonus and you only need $500+ in direct deposits within 60 days. You avoid fees on that account if you maintain a very attainable $100 minimum daily balance.
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.
M&T Bank Routing/ABA Number
M&T Bank, like many other large banks, has acquired many small regional banks. Your M&T Bank's ABA routing number depends on the state in which you opened the account:
- 022000046 – New York, New Jersey or Connecticut
- 031302955 – Pennsylvania or Delaware
- 052000113 – Maryland, Virginia, West Virginia or Washington, DC
Alternatively, you can look at one of your personal checks to find the 9 digit ABA routing number.
Remember, it's the state you opened the account, not the state you currently reside in.