M&T Bank $500 Checking Bonus (CT, DC, DE, MD, NJ, NY, PA, VA & WV) – Ends 2/28/25

You can earn a $500 bonus when you open an eligible checking account with M&T Bank.

To qualify for the bonus, simply

• Open a new MyChoice Plus Checking, MyChoice Plus Checking with Interest or MyChoice Premium Checking account by 2/28/25 using the promo code TU.
• 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.

Update 1/9/25: The $500 checking bonus is back through 2/28/25.

M&T Bank $500 Checking Bonus

• What you’ll get: $500 bonus
• Account Type: Checking Account
• Availability: Online & In branch. Branches are in CT, DE, D.C., MD, NJ, NY, PA, VA, WV
• Direct Deposit Requirement: None
• Credit Inquiry: Soft
• ChexSystem: Yes
• Credit Card Funding: None
• Monthly Fee:
  • $0 for EZChoice
  • $14.95 for MyChoice Plus (waivable)
  • $24.95 for MyChoice Premium (waivable)
• Household Limit: None listed
• Closing Account Fee: $50 if closed within 180 days of opening

(Expires 02/28/2025)

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.

Bottom Line

Be sure to check out our latest M&T Bank Promotions or check out our full list of bank promotions to keep updated on amazing offers!