M&T Tailored Business Checking $500 Bonus

M&T is offering $500 to new Tailored Business Checking customers. You'll need to deposit $5,000 and maintain that average balance in the third full calendar month after the account was opened. That means this bonus represents a 72% effective return on your savings. Whoa!

If you're also in the market for a Merchant Services account, you can combine this offer with their Merchant Services fee waiver offer, saving you $14.99 for up to 12 months! This brings the total combined bonus to $479.88.

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 $500 bonus.

Full requirements to receive this bonus are:

1. Open a Tailored Business Checking account using the link below with promo code BD.
2. For the third full calendar month following account opening, maintain an average balance of $5,000 to earn $500.
3. Bonus will be awarded within 45 days after the end of the third full calendar month after the account was opened.

Open a M&T Tailored Business Checking account before the bonus expires on December 29, 2023

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:

U.S. Bank

Business Checking

Bonus

up to $800

Account Type

Business Checking

Expires In

98 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Chase

Chase Business Complete Checking®

Bonus

$300

Account Type

Business Checking

Expires In

17 days

Requires

• Min Balance
• Card Spend (optional)

Full Details

Axos

Business Interest Checking

Bonus

up to $400

Account Type

Business Checking

Expires In

90 days

Requires

• Min Balance
• Bill Pay
• Card Spend

Full Details

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 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 by:
• 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 $500 bonus offer

M&T Bank Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Get a better idea of how well M&T Bank can serve you by checking out their branches closest to your area: