Everything you need to know about M&T Bank promotions: how to qualify, when the offers expire, how the current promotions compare to past bonuses, and more!
M&T Bank, based in New York, offers typical services for a regional bank, providing convenient and uncomplicated banking options for local customers (along with the added benefit of supporting the local community).
M&T’s range of products caters to personal, business, and commercial customers, and includes various accounts such as checking and savings, investment accounts, web trading, insurance, home, auto, student, and personal loans, and credit cards.
For more current bank offers, see our bank bonuses page. The most popular offers are from Chase Bank, SoFi, and Axos Bank.
This post may contain affiliate links, meaning I get a commission at no cost to you if you decide to make a purchase through my links. Visit this page for more information. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.
Current M&T Bank Promotions
1. M&T Checking Account – $200 Bonus
Get a $200 bonus when you open a personal checking account at M&T Bank and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
The promotion is valid for the following checking accounts:
- EZChoice Checking
- MyChoice Plus
- MyChoice Premium
While the bonus offer is the same, the accounts have different fee schedules and minimum balance requirements[1].
I recommend the basic checking account, EZChoice Checking, because it doesn’t have a monthly maintenance fee or minimum balance requirement.
Bonus Amount: $200
Account Type: Personal Checking
Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
Expiration: May 31, 2023
Bonus Requirements:
- Open a new M&T Checking account using the link below.
- Make a direct deposit of at least $200 within 90 days of account opening.
- Receive a $200 bonus within 90 days of all offer requirements being met.
2. M&T Tailored Business Checking Account – $500 Bonus
Earn a $500 cash bonus when you open a new M&T Tailored Business Checking account and maintain an average ledger balance of at least $5,000 in the third full calendar month after the account was opened.
The bonus is not available to customers who have had an M&T business checking account within the previous 90 days of opening an M&T Tailored Business Checking account. There’s an early account termination fee of $50 if the account is closed within 180 days of account opening.
Bonus Amount: $500
Account Type: Business Checking
Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
Expiration: March 31, 2023
Bonus Requirements:
- Open a new M&T Tailored Business Checking using the link below.
- Maintain at least $5,000 in the third full calendar month after account opening.
- Receive a $500 bonus within 45 days after the end of the third full calendar month after the account was opened.
3. M&T Visa® Credit Card with Rewards – $100 Cash Bonus
Get a 10,000 bonus points (equal to $100 cash or statement credit) when you open a M&T Visa Credit Card with Rewards and spend $500 in the first 90 days.
Plus, enjoy no annual fee and a low 0% introductory APR on purchases and balance transfers for the first 12 billing cycles[2].
With this credit card, you will earn an unlimited 1 point per $1 spent on every purchase, with no limit[3].
Bonus Amount: $100 Bonus
Account Type: Credit Card
Availability: Nationwide
Expiration: N/A
Bonus Requirements:
- Open a new M&T Visa Credit Card with Rewards using the link below.
- Spend $500 in the first 90 days of account opening.
- Get a $200 bonus after meeting spend requirement.
Expired M&T Bank Bonuses
The following are previous U.S. Bank promotions, welcome offers, and sign-up bonuses that have since expired. U.S. Bank may bring them back in the future, but for now, this is for informational and reference purposes only:
- M&T MyChoice Premium Checking – up to $450 bonus
- M&T Merchant Services – $300 bonus with promo code ONLINE300
- MyChoice Premium Checking – $350 bonus
- EZChoice Checking – $150 bonus
- M&T Tailored Business Checking – up to $800 bonus
M&T Bank Promotions FAQs
Not all promotions are available nationwide. Banking products are offered for residents of specific states, but credit card offers are generally available for all US residents.
Bank account opening related bonuses are taxable and may be reported on IRS Form 1099-MISC. M&T Bank will send you a 1099-MISC at the end of the year if you earned more than $600 in cash.
However, you’re still required to self-report and pay taxes regardless if you received a 1099-MISC (or 1099-INT) or not. Please consult your tax advisor for further information.
Credit card bonuses, whether cash or reward points, are typically not taxed because most credit card offers require a minimum spending amount to qualify for the bonus, so the reward is considered a rebate on the purchase rather than taxable income.
The majority of M&T Bank bonuses don’t require a promo code. If one is required, it will be noted in the bonus requirements.
Yes, generally all M&T Bank promotions have expiration dates unless otherwise stated. Some offers may not have one and those will be marked with an expiration date of ‘N/A’.
Keep in mind that many banks, including M&T Bank, renew or extend some offers as the old ones expire. However, the bonus amount, requirements, and/or terms and conditions may be different.
Generally, M&T Bank will pay out bank bonuses within 45 to 90 days of completing the offer requirements while credit card bonuses are credited by the next billing statement of completing the offer requirements.
If you haven’t received your bonus in the expected amount of time, contact M&T Bank’s customer service at 1-800-724-2440.
You can take part in multiple offers as long as each product is from a different product group.
For example, you can receive a personal checking account bonus along with a business checking account bonus as those accounts are from separate product groups (personal checking vs business checking).
However, you won’t receive a personal checking account bonus if you have an existing M&T Bank personal checking account or your previous one was closed within the past 180 days.
Please read each offer’s terms and conditions to make sure you qualify for the promotion.
The Bottom Line
M&T Bank is a regional bank, so the availability of their bank bonuses is unfortunately limited to certain states.
If you are from one of the 12 states in its geographic footprint (located in the Eastern United States), then it’s worth considering. M&T’s personal bank account bonuses are comparable to those offered by national banks, and their business account offers rank at the top in terms of bonus amount and ease of requirements.
I would skip their credit card offers, though, as the bonuses aren’t as competitive compared to the ones offered on my list of the best credit cards.
For instance, Capital One Venture X Rewards Credit Card provides a bonus valued at approximately $750, whereas the M&T Visa Credit Card with Rewards only offers a bonus of $100. Considering the small bonus amount, it’s not worth the credit inquiry on your credit report.
While you shouldn’t choose a bank based solely on a new customer bonus, it’s a great incentive to try the many banking and credit card products available.
If you’re interested in more bank bonuses, be sure to check out my entire list of the best bank bonuses for more options to earn free money and rewards.
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