M&T is offering up to $1,500 to new Tailored Business Checking customers. This is a tiered bonus with the highest potential we've seen! You'll need to deposit a minimum of $5,000 for the first tier and maintain that average balance in the third full calendar month after the account was opened.
If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services bonus, for a total reward of $1000.
How To Earn The Bonus
The M&T Tailored Business Checking promotion requires you to deposit and maintain a minimum balance in order to earn the up to $1500 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- To earn the Checking Bonus, you need to be a new business checking customer.
- The Checking Bonus is not available to customers who have had a non-personal M&T checking account within the previous 90 days of opening an M&T Tailored Business Checking account.
- Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Tailored Business Checking accounts opened.
- A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
Open a M&T Tailored Business Checking account before the bonus expires on December 31, 2024
How does this business checking offer from M&T compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
Chase
Chase Business Complete Checking®
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- 29 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 15 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
Bank of America
Bank of America® Business Advantage Banking
- Bonus
- $200
- Account Type
- Business Checking
- Expires In
- 378 days
- Requires
- Min Balance
Why M&T Bank?
M&T Bank is headquartered in New York, and offers about what you'd expect from a regional bank: convenient, straightforward banking if you're nearby (with the bonus of having a bank that invests in your local community!), but otherwise low yields and average tech compared to the online-focused brands.
M&T offers products that cover personal, business and commercial customers, and include not only checking and savings accounts, but also investment accounts, web trading, insurance, home, auto, student and personal loans, and credit cards.
M&T Tailored Business Checking
Fees
M&T Tailored Business Checking does charge a monthly maintenance fee of $20, but there are ways to get this waived:
- No monthly maintenance fee for the first 3 months. Waivable beyond the first 3 months if you:
- Maintain a $10,000 monthly average ledger balance.
- OR, maintain a combined $25,000 average ledger balance between checking and savings accounts.
- OR, make $2,000 in purchases on a linked M&T Business Credit Card.
- OR, have M&T Merchant Services proceeds deposited into this account.
Apply now for a M&T Tailored Business Checking account to earn the up to $1500 bonus offer
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