M&T Tailored Business Checking up to $1500 Bonus

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M&T Bank : M&T Tailored Business Checking

up to $1500

4.1

BankBonus.com score

Availability

Ease

Amount

Fees

Offer Expires In

How To Earn The Bonus

  1. Open a Tailored Business Checking account using the link below using promo code BD.
  2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $300; $15,000 to earn $500; or $100,000+ to earn $1,500.
  3. Bonus will be awarded by the end of the fourth month after the account was opened.

Available in Your Area?

No

Monthly Fees?

Yes

Open Online?

No

Credit Pull?

Soft

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Apply Now

at M&T

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.

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
41 days
Requires
  • Min Balance
  • Card Spend (optional)

Axos

Business Interest Checking

Bonus
up to $400
Account Type
Business Checking
Expires In
27 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
25 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.

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