[Expired] [YMMV] M&T Bank $150 Checking Bonus (TN & TB) – Available Online [CT, DC, DE, MD, NJ, NY, PA, VA, WV]

This deal is no longer available, view more checking bonuses we recommend here.

Offer at a glance

  • Maximum bonus amount: $150
  • Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
  • Direct deposit required: Yes, $500
  • Additional requirements: Use promo code TB
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees: Avoidable
  • Early account termination fee: $50 180-days
  • Expiration date: March 30th, 2018 April 11th, 2018 April 30th, 2018
  • Household limit: None listed

The Offer

Direct link to offer when you e-mail the code it will show as TB when you open from that page it shows TN

  • Open any new M&T checking account by March 30th, 2018 with the promotional code TN and receive a sign up bonus of $150 when you do the following:
    • Set up a qualifying direct deposit of $500 or more within 90 days of account opening

The Fine Print

  • We will credit one cash bonus to the account if the account receives a total of at least $500 in qualifying direct deposits within 90 days of account opening.
  • Qualifying direct deposits include, but are not limited to, recurring electronic deposits such as 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.
  • Bonus will be credited to the account within 90 days of direct deposit activation as long as the account is in good standing and all of the eligibility requirements are satisfied at the time we seek to credit the bonus.
  • Bonus is reportable for tax purposes.
  • No more than one bonus will be awarded regardless of the number of accounts, titling on account, or the number of direct deposit arrangements established.
  • Bonus offer may vary by product and region. 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 in connection with an M&T personal checking account within the preceding twelve-month period.
  • A $50 early close-out fee applies if the account is closed within 180 days of the date the account was opened.
  • This offer is valid on new checking accounts opened by 03/30/2018.
  • This offer is nontransferable.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

EZChoice Checking

This account has a monthly fee of $9.95, soon changing to $6.95.

  • Monthly fee is waived by making just ONE transaction such as a deposit, withdrawal, or debit purchase.

Early Account Termination Fee

Looks to be $50 now if closed within 180 days

Our Verdict

M&T Bank used to be the holy grail of bank bonuses, state restrictions weren’t enforced, bonuses posted quickly and you could do bonuses multiple times. As far as I know that is now longer true and all of the terms are enforced, but I’m really not 100% sure on that. I guess some people will give this a shot anyway and we will have some datapoints, but I don’t have high hopes for it working. For now I won’t add it to the best checking bonus page until we know more.

Big thanks to reader, Yet Another Redditor who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:
    William Charles
  • On January 24, 2018, 19:09

View Comments (71)

  • DP: Never got the Bonus to Post.
    Opened account 10/18/17
    Tried Chase ACH push, Paypal, and Venmo. Nada. Over Oct/November of 2017.
    NYC-based

    Closing account today: 4/26

    • Same deal here.

      Never got Bonus to post.
      Opened 1/2018
      Tried: Capital One, Paypal, Discover, PNC
      NJ-Based

      Will close once it passes the 180-day mark

  • Well, this was a pleasant surprise!

    1/29 Opened account
    1/31 Push from Alliant
    3/20 $150 Bonus posted

    I did three M&T bonuses last year and two the year before.

  • Friend opened second account in his life with M&T! First account opened at the branch with different promo 7 months ago. And 2 months ago opened this account! not targeted. NYC.
    As he stated, he tried: Personal Chase Checking (ACH), Wells Fargo business checking (ACH), Capital One 360 Money Market (ACH), Discover Savings (ACH) – didn’t trigger anything.
    Only REAL DD triggered bonus the next day. TN code - $150

  • I opened 6 accounts with M&T in 2017. I have only received INT 1099s (or whatever the form name is) for 3 of them, for bonuses received. I am sitting here trying to do my taxes. I called M&T and asked about the other accounts. They don't show any interest paid on them. Is this weird or what? I definitely got a bonus. Has this happened to any of you?

  • Opened account on 2/8 with code TE - application immediately went pending. I was not targeted and live appx 150 miles from an M&T branch. I did not receive any email communication after submittal.

    Called today and was informed my account was approved on 2/9 and welcome materials are in the mail.

  • I live in Maryland. I've received M&T mailers in the past but never bothered to open an account for the bonus :-(. I got one in the mail this week for $200/$250, expires 3/23/2018. I'm taking advantage of this one. The mailer has fine print that may be useful to people who have opened accounts in the past:

    Cash bonus offers are not available to employees of M&T Bank, any of its affiliates, or to customers who have already received a bonus in connection with a personal M&T checking account within the preceding 12-month period.

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