M&T Bank is offering businesses a $500 cash bonus. Get $500 when you open an M&T Tailored Business Checking account and meet the requirements.
- Update 4/10/2023: Offer has extended through 6/30/2023. Details below.
- Update 1/5/2023: Offer has been extended until 3/31/2023 and the bonus amount has increased from $300 to $500.
- Update 12/20/22: Offer is a $300 business checking offer now. Previously was a $600 business checking and merchant services offer.
- Update 11/8/22: M&T Bank is offering a $200 personal checking bonus. It has been extended through 1/31/23. Read more here.
M&T Bank is also offering a $450 cash bonus for a MyChoice Premium Checking account. Read about the offer here.
See Posts History below for more offers from M&T Bank.
M&T Bank $500 Business Checking Bonus
- What you’ll get: $500 bonus
- Where it’s available: CT, DC, DE, FL, MA, MD, NJ, NY, PA, VA, WV
- How to earn it:
- They will credit $500 bonus (the “Checking Bonus”) to a new M&T Tailored Business Checking account opened if the Average Ledger Balance in the account is at least $5,000 in the third full calendar month after the account was opened.
- If the requirements are met and the Account remains open, the Checking Bonus will be credited to the Account within 45 days after the end of the third full calendar month after the account was opened.
- When it expires: 6/30/2023
READ MORE: GET TOP OFFERS FROM CHASE, AXOS, BANK OF AMERICA, TD BANK AND U.S. BANK.
Waive The Monthly Fee
The monthly maintenance fee is $20. There are four ways to waive the monthly fee:
- an Average Ledger Balance of $10,000 or more;
- 1 or more deposits of M&T Merchant Services proceeds into the account,
- purchases made on a linked M&T Business Credit Card or M&T Business Rewards Card totaling $2,000 or more in the credit card statement cycle ending in that month;
- or the sum of the Average Ledger Balances of the account and any linked Commercial Savings account is $25,000 or more.
Fine Print
- The Checking Bonus is reportable for tax purposes and is not available to employees of M&T Bank or any of its affiliates.
- The Checking Bonus is not available to customers who have had a non-personal M&T checking account within the previous 90 days of opening an M&T Tailored Business Checking account.
- Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Tailored Business Checking accounts opened.
- A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
Bottom Line
An increase from their previous $300 business checking offer.
Posts History:
- M&T Bank $350 MyChoice Premium Checking Bonus – Ends 5/26/23
- M&T Bank $450 MyChoice Premium Checking & MyChoice Money Market Bonus – Ends 6/30/23
- M&T Bank $200 Personal Checking Account Bonus – Ends 6/30/23
- M&T Bank $450 Premium Checking Account Bonus – Ended
- 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.
