M&T Bank $150 Checking Bonus Extended


UPDATE 10/5/2016: Offer extended through December 31, 2016.


Market area includes CT, DE, FL, MD, NJ, NY, PA, VA, WV, and the District of Columbia. Bonus eligibility is based on Zip Code.

M&T Bank has been offering new checking account bonuses on a regular basis for the past several years, with the latest promotion being a $150 cash bonus, available now through September 30 December 31, 2016.

M&T Bank has added Connecticut to the bonus market area. Eligibility can be determined by entering your Zip Code on the promotion page.

$150 Bonus Qualifications:

  • Open a new M&T Bank checking account by September 30, 2106.
  • Have one qualifying direct deposit of at least $100 within 90 days of account opening.

M&T Bank has several checking accounts to choose from - EZChoice Checking, MyChoice Checking, MyChoice Premium Checking, Classic Checking, and Basic Banking - and all qualify for the $150 bonus. There are monthly fees on M&T Bank’s checking accounts, but they can be waived, with the exception of the Basic Banking’s $3 monthly fee.

0.05*%$100k-M&T BankMyChoice Premium Checking
0.01%--M&T BankM&T Classic Checking
0.01%--M&T BankMyChoice Plus Checking
Accounts mentioned in this post. Rates as of October 23, 2016.

UPDATE: The fine print for this bonus adds a new potential fee:

A $6.95 monthly maintenance charge will apply unless at least one
deposit or withdrawal is made during a monthly service charge cycle.


  • Available only for new checking account customers.
  • Bonus will be credited to the account within 90 days of direct deposit activation, but the account must be in good standing.
  • There is an early termination fee of $50 if the account is closed within 180 days of opening.
  • There is a limit of one bonus offer per account per household, and cannot be combined with other bonuses.


Headquartered in Buffalo, M&T Bank is the 19th largest bank in the nation, with branches located mainly in the Northeast and Mid-Atlantic states. Established in 1856, M&T Bank currently holds assets in excess of $123 billion.

Applying for the M&T Bank $150 new checking account bonus can be done online, or in person at any of 776 full-service branches, located in Connecticut (9), Delaware (39), Florida (1), Maryland (168), New Jersey (98), New York (264), Pennsylvania (168), Virginia (27), West Virginia (2), and the District of Columbia (8).

If applying in person, the Cash Back Coupon (delivered via email) must be presented at time of account opening.

Bank Overview

M&T Bank (FDIC Certificate # 588) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 9.49% (excellent) based on June 30, 2016 data. In the past year, M&T has increased its total deposits by $22.02 billion, an excellent annual growth rate of 29.87%. (M&T Bank recently acquired Hudson City Savings Bank of Paramus, New Jersey.) Please refer to our financial overview of M&T Bank for more details.

How the $150 Bonus Compares

I’ve chosen 120 days for this comparison because the bonus will be credited to the account within 90 days of direct deposit activation.

  • $100 for 120 days in a new M&T Bank checking account = $150 bonus
  • $100 for 120 days in a savings account earning 1% = less than $1 interest

The above rates are accurate as of 10/5/2016.

Other Bank Promotions and Bonuses

Not eligible for the M&T Bank checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Deals Forum.

Anonymous   |     |   Comment #1
This bank in the past wanted certified copies of my DL# and utilities bills to open an account, never again I will deal with them.
DCGuy (anonymous)   |     |   Comment #2
This bank has a branch close to where I live.  All of their checking accounts pay a very low interest rate, so the cash bonus should be considered a six month CD rate payment since the account must remain open for six months without penalty.
Anonymous   |     |   Comment #3
I use to bank with M&T ~5 years ago. The checking account was closed about 3 years ago.
Can I qualify for new checking account customers?
Anonymous   |     |   Comment #4
When applying online, can you fund the account with a credit card? What's the maximum amount?
M&T Bank Offers $150 Checking Bonus Online and In-Branch

UPDATE 5/15/2016: Available now through June 30, 2016


Market area includes DC, DE, FL, MD, NJ, NY, PA, VA, and WV. Eligibility based on Zip Code.

Over the past several years, M&T Bank has been offering new checking account bonuses on a regular basis, and the latest promotion is a $150 cash bonus, which is available now through March 31 June 30, 2016.

To Qualify for the $150 Bonus:

  • Open a new M&T Bank checking account by March 31 June 30, 2106.
  • Have one qualifying direct deposit...

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