[Expired] [CT, DE, D.C., MD, NJ, NY, PA, VA, WV, In Branch] M&T Bank $200 Business Checking Bonus

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Offer at a glance

• Maximum bonus amount: $200
• Availability: In branch only [Branch locator]. Branches are in CT, DE, D.C., MD, NJ, NY, PA, VA, WV
• Direct deposit required: No
• Additional requirements: Average daily balance of $1,500 for the third calendar month after the account was opened
• Hard/soft pull: Soft
• ChexSystems:Yes
• Credit card funding: No
• Monthly fees: $10, avoidable
• Early account termination fee: $50, 180-days
• Household limit: None
• Expiration date: September 26th, 2019

The Offer

Direct link to offer

• M&T Bank is offering a bonus of $200 when you open a new simple checking for business account and complete the following requirements:
  • Average Ledger Balance in the account is at least $1,500 for the third calendar month after the account was opened

The Fine Print

• We will credit one $200 bonus (“Checking Bonus”) for new M&T Simple Checking for Business accounts opened between July 24, 2019 and September 26, 2019 if the Average Ledger Balance in the account is at least $1,500 for the third 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.
• The Checking Bonus is reportable for tax purposes and is not available to employees of M&T Bank or any of its affiliates.
• Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Simple Checking for Business accounts opened.
• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has $10 monthly fee, this is waived with a $2,500 minimum average ledger balance

Early Account Termination Fee

The personal account has a $50 early account termination fee if closed within 180 days, not sure if it’s the same on this business account or not.

Our Verdict

There is also a $400 business checking account bonus, both offers have to be opened in branch. The $400 bonus requires $10,000 rather than $1,500, but still think that is the better offer. If you don’t have $10,000 in liquid cash then this smaller bonus might be a better option. Because of that I’ll mention it on the best business checking bonuses page.

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