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:
- Open a new M&T checking account using the link below.
- Within 90 days, make at least $500 in direct deposits.
- 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:
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:
6 State Street
Nunda, NY 14517
7 North Calvert Street
Baltimore, MD 21202
68 Exchange Street
Binghamton, NY 13901
One Fountain Plaza
Buffalo, NY 14203
80 North Main Street
Ellenville, NY 12428
180 Route 22
Pawling, NY 12564
2664 Atlantic Avenue
Brooklyn, NY 11207
33 East Genesee Street
Skaneateles, NY 13152
233 Genesee Street
Utica, NY 13501
232 South Livingston Avenue
Livingston, NJ 07039
115 East Main Street
Everett, PA 15537
70 Main Street
Durham, NH 03824