M&T Bank Cash Bonus

M&T Bank is offering a bonus when you open a checking account and activate direct deposit. Opening its Select Checking account qualifies for a $100 bonus. Opening any other checking account qualifies for a $25 bonus.

The main catch is the high minimum balance requirements for the Select account. To avoid a $14 monthly fee requires a $5K balance in the checking or a combined $10K balance in all accounts. M&T provides a useful table comparing the checking accounts.

You can initiate the opening of a deposit account online. However, you must be a resident of either New York, Maryland, Pennsylvania, Washington, D.C., Virginia, West Virginia or Delaware.