Earn a $50 Visa Reward Card for every new checking account from M&T Bank opened by referring friends and family, as long as the account meets the qualifying criteria.
You can earn up to $500 per year through this referral program.
If you’re new to M&T Bank you can open an account with several different bonus offers available. There’s the $200 checking offer and $300 offer and more below.
See the end of the post for more offers from M&T Bank.
M&T Bank $50 Referral Bonus ($500 Yearly)

- What you’ll get: $500 yearly
- Where it’s available: CT, DC, DE, FL, MA, MD, NJ, NY, PA, VA, WV
- How to earn it:
- Use the registration form on the designated page to enter your information and complete a referral.
- Provide the contact information and a valid email address of the friends or family members you wish to refer, or share the offer via social media.
- Your referred friends will receive an email notification with registration instructions and offer requirements.
- Once your friend registers for the referral offer using your personal referral link and fulfills the specified offer requirements, both of you will receive a Visa® Reward Card.
- You can earn more by referring more friends, with the potential to earn up to $500 per calendar year.
- When it expires: No end date
>> REGISTER TO MAKE REFERRALS TO M&T BANK HERE
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK, AND BMO.
Personal Checking Referral Details
- Receive a $50 Visa® Reward Card when your friend completes the following steps:
- Registers using your shared referral link.
- Opens a new M&T personal checking account.
- Completes one or more qualifying direct deposits totaling at least $500 into the new personal checking account within 90 days of account opening.
- Qualifying direct deposits include recurring electronic deposits of payroll, pension, or Social Security. Person-to-person transfers, bank transfers, and other electronic money transfers made through internet payment services do not qualify.
- Your friend can also earn a $50 Visa® Reward Card through this referral offer.
>> HERE’S OUR REFERRAL LINK IF YOU’D LIKE TO USE IT FOR THE OFFER
Current account holders are welcome to share referral details in the comments section below.
Business Checking Referral Details
- Receive a $50 Visa® Reward Card when your friend completes the following steps:
- Registers using your shared referral link.
- Opens a new M&T Bank business checking account.
- Completes at least five deposits of $500 or more into the new business checking account within 90 days of account opening.
- OR –
- Makes at least five business debit card transactions or payments (ACH, check, wire) of $25 or more each that post to the new business checking account within 90 days of account opening.
- Your friend can earn a $150 Visa® Reward Card through this referral offer.
>> HERE’S OUR REFERRAL LINK IF YOU’D LIKE TO USE IT FOR THE OFFER
Current account holders are welcome to share referral details in the comments section below.
Fine Print
- Referrer Offer:
- Referrer earns a $50 Visa® Reward Card for each individual or business referred who registers for the offer using the Referrer’s shared personal referral link, opens a new eligible account, and completes all offer requirements.
- A Referrer can earn a maximum of $500 in referral rewards per calendar year, and rewards cannot be rolled over.
- Only the first Referrer whose referral link is used will be eligible for the Reward Card for each Referred Person who fulfills the requirements.
- Referred Person Personal Checking Account Offer:
- To earn a $50 Visa® Reward Card, the Referred Person must register for the offer using the referral link shared by the Referrer, open a new eligible personal checking account, and make at least $500 in qualifying direct deposits within 90 days of account opening.
- Qualifying direct deposits include recurring electronic deposits of payroll, pension, or Social Security.
- The Referred Person must meet all applicable M&T Bank eligibility requirements and will incur a $50 early close-out fee if the account is closed within 180 days of opening.
- Referred Person Business Checking Account Offer:
- To earn a $150 Visa® Reward Card, the Referred Person must register for the offer using the referral link shared by the Referrer, open a new eligible business checking account, and either complete at least five deposits of $500 or more each within 90 days of account opening or complete at least five business debit card transactions or other payments of at least $25 each within 90 days of account opening.
- The Referred Person must meet all applicable M&T Bank eligibility requirements and will incur a $50 Account Closure Fee if the account is closed within the specified time period.
- General Terms:
- Visa Reward Cards will be delivered 4-6 weeks after meeting all qualifying criteria.
- Only one Reward Card will be awarded to the Referred Person, regardless of the number of accounts opened.
- The Referrer must be an active M&T Bank customer, while the Referred Person must be the primary owner of the new checking account and must not have been a primary owner of any M&T personal or business checking account within the previous six months.
- This offer may vary by product and region and is not transferable.
- Reward Cards may be reportable as income for tax purposes, and it is advisable to consult a tax advisor.
- This offer is not available for California residents.
- Individuals who have opted out of receiving marketing communications from M&T Bank will not receive referral emails.
- The awarding of a Reward Card indirectly informs the Referrer that the Referred Person has opened a new account, but no additional information about the account will be provided to the Referrer.
READ MORE: GET THIS $300 BONUS FROM TD BANK BEFORE IT EXPIRES
Bottom Line
Nice way to earn up to $500 a year by referring friends and family. Feel free to share your referral details in the comments section below.
See more from M&T Bank:
- M&T Bank $350 MyChoice Premium Checking Bonus – Ends 9/29/23
- M&T Bank $450 Checking + Money Market Bonus – Ends 8/25/23
- M&T Bank $500 Business Checking Account Bonus [Available in Many States] – Ended
- M&T Bank $200 Personal Checking Account Bonus – Ends 9/30/23
- M&T Business Rewards Credit Card 10,000 Bonus Points ($100 Value)
- M&T Visa Credit Card with Rewards 10,000 Bonus Points ($100 Value)
- M&T Visa Signature Credit Card 10,000 Bonus Points ($100 Value)
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.