M&T is offering up to $200 if you open one of their personal checking accounts and make a small direct deposit within 90 days. The amount you earn is dependent on which checking account you open.
If you're not able to meet the requirements to waive the maintenance fees, you can alternatively opt for their basic checking account.
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 Personal Checking promotion requires you to set up eligible direct deposits in order to earn the up to $200 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
- Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security.
- Once all requirements are met, the bonus will be credited to your account within 90 days.
- The promo code is required at account opening to qualify for the bonus.
- Only one bonus will be awarded per customer regardless of the number of accounts opened.
- Bonus offers are not available to customers who have received a personal checking welcome bonus within the last 12 months.
- A $50 early close-out fee applies if the account is closed within 6 months of opening.
Open a Personal Checking account before the bonus expires on May 31, 2025
How does this personal 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:
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 49 days
- Requires
- Direct Deposit
BMO
Personal Checking
- Bonus
- $400 Cash Bonus*
- Account Type
- Personal Checking
- Expires In
- 119 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
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.
EZChoice Checking
Fees
EZChoice Checking does not charge a monthly maintenance fee.
MyChoice Plus
Fees
MyChoice Plus does charge a monthly maintenance fee of $14.95, but there are ways to get this waived:
- $1,500 or more in direct deposits each month
- OR, maintain an average daily balance of at least $2,500
MyChoice Premium
Fees
MyChoice Premium does charge a monthly maintenance 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.
Apply now for a Personal Checking account to earn the up to $200 bonus offer
Share Your Thoughts or Questions
There have been 0 comments about the M&T Personal Checking up to $200 Bonus.
Add to the discussion