M&T is offering $350 if you open one of their premium checking accounts and maintain a minimum balance through June.
Regardless, be sure to enter your zipcode on the linked offer page, which will auto apply the appropriate promo code if you're within a targeted zipcode. Many readers have tried to apply the promo to an outside zip, and while the system allows you to move forward, you'll be "surprised" with no bonus payout when that time comes.
How To Earn The Bonus
The M&T MyChoice Premium promotion requires you to deposit and maintain a minimum balance in order to earn the $350 bonus.
Full requirements to receive this bonus are:
- Open a new M&T MyChoice Premium Checking account online at the link below or in-branch using promocode "CC"
- Maintain an average daily balance of at least $10,000 for July 2022 and August 2022.
- Bonus will be credit to your account by 09/30/2022.
The fine print
- Checking account must still be open when they attempt to credit the Premium Bonus.
- Only one Premium Bonus will be awarded per customer regardless of the number of accounts opened.
- The Premium Bonus is not available to employees of M&T Bank or any of its affiliates, or to customers who have received a bonus in connection with a personal M&T checking account within the preceding twelve-month period.
- The primary signer on the new MyChoice Premium Checking account may not be, or have been, a primary or secondary signer on any M&T personal checking account within the previous six months.
- A $50 early close-out fee applies if the account is closed within 180 days of opening.
- The Premium Bonus is not available in all regions.
How does this 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:
Citi
Citi Priority Account
- Bonus
- up to $1500
- Account Type
- Personal Checking
- Expires In
- 15 days
- Requires
- Min Balance
Fifth Third Bank
Personal Checking
- Bonus
- $375
- Account Type
- Personal Checking
- Expires In
- 90 days
- Requires
- Direct Deposit
Chase
Chase Total Checking®
- Bonus
- $200
- Account Type
- Personal Checking
- Expires In
- 18 days
- Requires
- Direct Deposit
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.
MyChoice Premium
Fees
MyChoice Premium does charge a monthly fee of $24.95, but there are ways to get this waived:
- Maintain an average daily balance of at least $7,500
- OR, maintain a combined balance of $25,000 across all M&T accounts.