M&T Bank Promotions: $200, $350, $1500 Checking, Business, Referral Bonuses

Find the latest listing of M&T Bank promotions, bonuses, and offers here.

Update 6/11/25: The $350 checking bonus has been extended through 8/30/25. The $200 checking bonus has been extended through 8/31/25. The up to $1500 business checking bonus is good through 6/30/25.

M&T Bank Promotions Review

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. With convenient locations located throughout the country, you will be able to bank with ease. Additionally, you will have access to a wide range of account features and services catered to your financial needs.

I’ll go over M&T Bank offers below.

M&T Bank $350 Checking Bonus

• What you’ll get: $350 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • Open a new M&T MyChoice Premium Checking account using the promo code (try CA or TK).
  • Set up qualifying direct deposits, totaling at least $1,000 within 90 days of account opening.
  • Earn your $350 cash bonus. Your cash bonus will be credited to your account within 90 days of all requirements being met.

(Expires 08/30/2025)

Fine Print

• To receive the Direct Deposit Bonus, open a new MyChoice Premium Checking account between 6/1/2025 and 8/30/2025 and make at least $1,000 in qualifying direct deposits within 90 days of account opening.
• Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security.
• Person-to-person, bank or other electronic money transfers, such as those made through internet payment services, do not qualify.
• The bonus will be credited to your account within 90 days of all requirements being met.
• Bonus offers are not available to anyone that has received a cash bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period), or employees of M&T Bank or any of its affiliates.
• Only the primary signer on the new checking account may be eligible for the Bonus(es).
• The promo code is required at account opening to qualify for the bonus.
• Your new M&T MyChoice Premium checking account must still be open when we seek to credit the bonus.
• Only one bonus will be awarded per customer, regardless of the number of accounts opened.
• A $50 early close-out fee applies if the account is closed within 180 days of opening.
• Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.

M&T Bank $200 Checking Bonus

• What you’ll get: $200 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: Yes, $500+
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • Open any personal M&T checking account.
  • Make qualifying direct deposits totaling at least $500 within 90 days of account opening.
  • Your cash bonus will be awarded within 90 days after completing the qualifying direct deposits.
    • $200 bonus for MyChoice Premium Checking
    • $150 bonus for MyChoice Plus Checking
    • $100 bonus for EZChoice Checking

(Offer expires 08/31/2025)

Fine Print

• To receive the bonus (“Bonus”) you must: open a new M&T EZChoice Checking, MyChoice Plus Checking or MyChoice Premium Checking account between 6/1/2025 and 8/31/2025 and the account must receive a total of 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.
• Person-to-person, bank transfers or other electronic money transfers, such as those made through Internet payment services, do not qualify.
• Checking Bonus will be credited to the account within 90 days of the account receiving the required qualifying direct deposits, as long as the account is still open at the time we seek to credit the bonus, and all of the eligibility requirements are satisfied.
• Bonus offers are not available to anyone that has received a cash bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period), or employees of M&T Bank or any of its affiliates.
• Only the primary signer on the new checking account may be eligible for the Bonus(es).
• The promo code is required at account opening to qualify for the bonus.
• Your new personal M&T checking account must still be open when we seek to credit the bonus.
• Only one bonus will be awarded per customer, regardless of the number of accounts opened.
• A $50 early close-out fee applies if the account is closed within 180 days of opening.
• Bonus offers may vary by product and region, are not transferable.

M&T Bank $1500 Business Checking Bonus 

• What you’ll get: $1500 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $20, avoidable
• Early Termination Fee: $50, if closed within 365 days
• How to earn it:
  • Open online today or visit a local M&T Bank branch to open a Tailored Business Checking account by June 30, 2025. Use promo code BD.
  • Maintain an average ledger balance of at least $5,000 in the third full month after you open your account.
  • Bonus amount as follow:
    • $300 awarded for Average Ledger balances between $5,000-$14,999.99;
    • $500 awarded for Average Ledger balances between $15,000 and $29,999.99
    • $750 awarded for Average Ledger Balances between $30,000 and $99,999.99
    • $1,500 awarded for Average Ledger balances of $100,000 or more.
  • Enjoy your cash bonus! Your account will be credited by the end of the fourth month.

(Offer expires 06/30/2025)

Fine Print

• We will credit one bonus (the “Checking Bonus”) to a new M&T Tailored Business Checking account opened between October 1, 2024 and June 30, 2025 if the Average Ledger Balance in the account is at least $5,000 in the third full calendar month after the account was opened.
• The Checking Bonus amount awarded will correspond to the Average Ledger Balance maintained in the account in the third full calendar month after account opening: $300 awarded for Average Ledger balances between $5,000-$14,999.99; $500 awarded for Average Ledger balances between $15,000 and $29,999.99; $750 awarded for Average Ledger Balances between $30,000 and $99,999.99; $1,500 awarded for Average Ledger balances of $100,000 or more. A promo code is required at account opening to be eligible for the offer.
• If the requirements are met and the Account remains open, the Checking Bonus will be credited to the Account at the end of the fourth month after the Account was opened.
• The Checking Bonus is reportable for tax purposes and may be considered taxable income.
• The Checking Bonus is not available to employees of M&T Bank or any of its affiliates or to clients who have had a non-personal M&T checking account within the previous 90 days of opening the M&T Tailored Business Checking account. Only one Checking Bonus will be awarded per TIN regardless of the number of new M&T Tailored Business Checking accounts opened.
• M&T Bank reserves the right to limit business owners with multiple businesses to one account-related bonus offer across all non-personal deposit account relationships.
• A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.
• If the M&T Tailored Business Checking account that receives the Checking Bonus is closed by the client or M&T Bank within 6 months after its opening, we will deduct the Checking Bonus at closing.

M&T Bank $50 Referral Bonus

• What you’ll get: $50 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Direct deposit requirement: Yes for personal checking
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • M&T Bank Personal Checking $50 Referral Offer
    • Receive a $50 Visa® Reward Card when your friend completes all of the following steps:
    • Registers using your shared referral link
    • Opens a new M&T personal checking account
    • Completes one (1) 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, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify.
    • Your friend can earn a $50 Visa® Reward Card!
  • M&T Bank Business Checking $50 Referral Offer
    • Receive a $50 Visa® Reward Card when your friend completes all of the following steps:
    • Registers using your shared referral link
    • Opens a new M&T Bank business checking account
    • Completes at least five (5) deposits of $500 or more into the new business checking account within 90 days of account opening – OR –
    • Makes at least five (5) 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!

(Limited time offer)

Fine Print

• Referrer Offer: The person making the referral (Referrer) will earn a $50 Visa® Reward Card for each individual or business referred (Referred Person) to M&T Bank 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 may only earn a total of $500 in referral rewards per calendar year; and referral rewards may not be rolled over. Only one Referrer may receive a Reward Card for each Referred Person who fulfills the requirements (the first Referrer whose referral link is used will be the eligible Referrer).
• 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 MyWay Banking from M&T Bank®, EZChoice Checking, MyChoice Plus Checking, MyChoice Plus Checking with Interest or MyChoice Premium 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. Person-to-person, bank transfers or other electronic money transfers, such as those made through internet payment services, do not qualify. The Referred Person must meet all applicable M&T Bank eligibility requirements for opening the account. A $50 early close-out fee applies 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 M&T Tailored Business Checking or M&T Simple Checking for Business account, and complete at least five deposits of $500 or more each into the account within 90 days of account opening, OR complete at least five business debit card transactions or other payments (ACH, check, wire) of at least $25 each that post to the account within 90 days of account opening. The Referred Person must meet all applicable M&T Bank eligibility requirements for opening the account. A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.

M&T Bank $500 Checking Bonus (Expired)

• What you’ll get: $500 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: Yes
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • Open a new MyChoice Plus Checking, MyChoice Plus Checking with Interest or MyChoice Premium Checking account by 3/31/25 using the promo code TO.
  • Get $500 when you set up and receive qualifying direct deposits to your new MyChoice Plus, MyChoice Plus Checking with Interest or MyChoice Premium Checking account, totaling at least $1,000 within 90 days of account opening.
  • Your cash bonus will be credited with 90 days of qualifying requirements being met.

(Offer expires 03/31/2025)

Fine Print

• To receive the Direct Deposit Bonus, open a new MyChoice Plus Checking, MyChoice Plus Checking with Interest or MyChoice Premium Checking account between 1/6/25 and 2/28/25 and make at least $1,000 in qualifying direct deposits within 90 days of account opening.
• Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security.
• Person-to-person, bank or other electronic money transfers, such as those made through internet payment services, do not qualify.
• The bonus will be credited to your account within 90 days of all requirements being met.
• The promo code is required at account opening to qualify for the bonus(es).
• Your new M&T M&T MyChoice Plus or MyChoice Premium checking account must still be open when we seek to credit the bonus(es).
• Only one Direct Deposit bonus will be awarded per customer regardless of the number of accounts opened.
• Cash bonus offers are not available to employees of M&T Bank or any of its affiliates or to customers who have already received a bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period).
• Only the primary signer on the new checking account may be eligible for the Bonus(es).
• A $50 early close-out fee applies if the account is closed within 180 days of opening.
• Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.

M&T Bank $400 Checking Bonus (Expired)

• What you’ll get: $400 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: Yes
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • Open a new M&T MyChoice Premium Checking account by 2/28/25 using the promo code TY.
  • Set up qualifying direct deposits, totaling at least $1,000 within 90 days of account opening.
  • Your cash bonus will be credited with 90 days of qualifying requirements being met.

(Expires 02/28/2025)

Fine Print

• To receive the Direct Deposit Bonus, open a new MyChoice Premium Checking account between 7/1/24 and 8/30/24 and make at least $1,000 in qualifying direct deposits within 90 days of account opening. Qualifying direct deposits include recurring electronic deposits of payroll, pension or Social Security. Person-to-person, bank or other electronic money transfers, such as those made through internet payment services, do not qualify. The bonus will be credited to your account within 90 days of all requirements being met.
• The promo code is required at account opening to qualify for the bonus(es). Your new M&T MyChoice Premium checking account must still be open when we seek to credit the bonus. Only one Direct Deposit Bonus will be awarded per customer regardless of the number of accounts opened. Cash bonus offers are not available to employees of M&T Bank or any of its affiliates or to customers who have already received a bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period). Only the primary signer on the new checking account may be eligible for the Bonus(es). A $50 early close-out fee applies if the account is closed within 180 days of opening. Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.

M&T Bank $450 Checking Bonus (Expired)

• What you’ll get: $450 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV (Bank Locator)
• Direct deposit requirement: Yes, $500+
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• Early Termination Fee: $50, if closed within 180 days
• How to earn it:
  • Apply online or in person to open a new M&T MyChoice Premium Checking account by 11/25/22 with promo code TK.
  • Maintain an average monthly balance of at least $10,000 for the calendar months of December 2022 and January 2023.
  • Set up qualifying direct deposits to your new MyChoice Premium Checking account, totaling at least $500, within 90 days of account opening
  • Your cash bonus will be credited by 2/28/23 when you meet qualifying requirements.

(Offer expires November 25, 2022)

Fine Print

• To receive the Premium Checking Bonus, open a new MyChoice Premium Checking account between 10/3/22 and 11/25/22 and maintain an average monthly Premium Checking account balance of at least $10,000 for the months of December 2022 and January 2023. Your new MyChoice Premium Checking account must still be open when we seek to credit the Premium Checking Bonus. If all requirements are met, we’ll credit the bonus(es) by 2/28/23.
• To receive the Direct Deposit Bonus, open a new MyChoice Premium Checking account between 10/3/22 and 11/25/22 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. Person-to-person, bank or other electronic money transfers, such as those made through internet payment services, do not qualify. Your new MyChoice Premium Checking account must still be open when we seek to credit the Bonus. The bonus will be credited to your account within 90 days of all requirements being met.
• The promo code is required at account opening to qualify for the bonus(es). Only one Premium Checking Bonus and one Direct Deposit Bonus will be awarded per customer regardless of the number of accounts opened. The bonus(es) are not available to employees of M&T Bank or any of its affiliates, or customers who have received a bonus in connection with a personal M&T checking account within the preceding twelve-month period. Only the primary signer on the new checking account may be eligible for the Bonus(es), and may not be or have been a primary signer on any M&T personal checking account within the previous six months. A $50 early close-out fee applies if the account is closed within 180 days of opening. Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.

M&T Bank $450 Checking & Money Market Bonus (Expired)

• What you’ll get: $450 bonus
• Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
• Direct deposit requirement: No
• Credit Inquiry: Soft Pull
• Monthly fees: $0 to $24.95. Waivable
• How to earn it:
  • Open your MyChoice Premium Checking account. Apply online or in person to open a new M&T MyChoice Premium Checking account with promo code CC.
  • Maintain an average monthly balance of at least $10,000 for the calendar months of September and October 2023.
  • Earn your $350 cash bonus. Your cash bonus will be credited by 11/30/23 when you meet qualifying requirements.
  • Get an extra cash bonus if you also open a MyChoice Money Market account and maintain an average monthly balance of at least $10,000 in September and October 2023.

(Offer expires 08/25/2023)

Fine Print

• To receive the Premium Checking Bonus, open a new MyChoice Premium Checking account between 7/3/23 and 8/25/23 and maintain an average monthly Premium Checking account balance of at least $10,000 for the months of September and October 2023.
• To receive the Money Market Bonus, open a new MyChoice Premium Checking account and a new MyChoice Money Market account between 7/3/23 and 8/25/23 and maintain an average monthly MyChoice Money Market account balance of at least $10,000 for the months of September and October 2023. If all requirements are met, we’ll credit the bonus(es) by 11/30/23.
• Bonus offers are not available to anyone that has received a cash bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period), or employees of M&T Bank or any of its affiliates. Only the primary signer on the new checking account may be eligible for the Bonus(es). The promo code is required at account opening to qualify for the bonus. Only one Checking Bonus and one Money Market Bonus will be awarded per customer, regardless of the number of accounts opened. Your new MyChoice Premium Checking account must still be open when we seek to credit the Premium Checking Bonus. Your new MyChoice Premium Checking account and MyChoice Money Market account must still be open when we seek to credit the Money Market Bonus. A $50 early close-out fee applies if the account is closed within 180 days of opening. Bonus offers may vary by product and region, are not transferable and are reportable for tax purposes.

How to Avoid Monthly Fee

• EZChoice Checking: None
• MyWay Banking: $4.95 monthly fee. Maintain one or more transactions each monthly service charge cycle, such as a deposit, withdrawal, or any debit payment
• MyChoice Plus: $14.95 monthly fee. Maintain an average daily balance of $2,500 or more per monthly service charge cycle or direct deposits totaling $1,500 or more per monthly service charge cycle
• MyChoice Premium: $24.95 monthly fee. Maintain an average daily balance of $7,500 or more per monthly service charge cycle or combined daily average balances of $25,000 or more in eligible accounts
• Simple Checking for Business: $10 monthly fee.
• Tailored Business Checking: $20 monthly fee. Maintain 1 or more deposits of M&T Merchant Services Proceeds into the account or purchases made on a linked M&T Business Credit Card or M&T Business Rewards Credit Card totaled $2,000 or more in the credit card statement cycle ending in that month.

Author’s Verdict

To summarize, M&T Bank has some of the best promotions, bonuses, and offers. If you are interested, be sure to apply while you still can today!

For more current offers, check out our bank bonuses page. Compare M&T Bank rates for CDs and Savings with our best rates for Savings and CD accounts.

Be sure to check more popular bank promotions include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, and many more.