M&T Personal Checking Account $200 Bonus

M&T is offering $200 if you open one of their personal checking accounts and make a small direct deposit within 90 days.

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 Account promotion requires you to set up direct deposits in order to earn the $200 bonus.

Full requirements to receive this bonus are:

1. Open a new M&T checking account using the link below.
2. Within 90 days, make at least $500 in direct deposits.
3. The bonus will be credited to your account within 90 days of all requirements being met.

Open a Personal Checking Account account before the bonus expires on May 31, 2023

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.

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:

Citi®

Citi Priority Account

Bonus

up to $2000

Account Type

Personal Checking

Expires In

14 days

Requires

• Min Balance

Full Details

U.S. Bank

U.S. Bank Smartly™ Checking

Bonus

up to $600

Account Type

Personal Checking

Expires In

21 days

Requires

• Direct Deposit

Full Details

Fifth Third Bank

Personal Checking

Bonus

$275

Account Type

Personal Checking

Expires In

101 days

Requires

• Direct Deposit

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.

EZChoice Checking

Fees

EZChoice Checking does not charge a monthly fee.

MyChoice Plus

Fees

MyChoice Plus does charge a monthly 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 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 account to earn the $200 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.

Fortunately, M&T Bank has a total of 1094 branches in the United States.

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