M&T Bank is offering yet another bonus, this one for $250 when you open a new MyChoice Premium Checking account. M&T Bank usually has a $150 offer that comes around every few months, and another $200 bonus that we wrote about earlier today. This increased bonus has the same requirements. In order to receive the bonus you need to make a direct deposit of at least $100 within 90 days of account opening by February 31, 2019.
There’s a catch though, you need to open a MyChoice Premium Checking account which comes with a $24.95 monthly fee that is waived with an average daily balance of $7,500 or a total combined balances of $25,000 or more in eligible personal deposit accounts, loans and home equity outstanding balances, investments and business deposit accounts.
There’s no link to the bonus itself, but you can use promo code QO when you sign up. To open the account online, simply visit the M&T Bank website, pick MyChoice Premium Checking and make sure to enter promo code QO. You can also call or visit a branch if you have the coupon or call 1-800-724-3222.
Bonus is reportable for tax purposes. Only one bonus will be rewarded regardless of the number of accounts, titling on account and the number of direct deposit arrangements established.
Another good thing about this bonus is that it’s churnable.
I believe you were previously able to close the account via secure message online, but now you have to go in-branch or mail in a letter. Additionally, there’s a $4.00 mail closing fee and a $10.00 Official Check fee to mail your remaining balance to you. To avoid the Official Check fee, you can write a check for your balance and then close account.
- Apply Now
- Account Type: MyChoice Premium Checking
- Availability: AZ, CT, DC, DE, MD, NJ, NY, PA, VA
- Expiration Date: 3/31/2017
- Inquiry Type: Soft Pull (Don’t select the overdraft protection)
- Credit Card Funding: No
- Direct Deposit Requirement: Yes, $100 or more
- Monthly Fee: $24.95, waived with average daily balance of $7,500 or a total combined balances of $25,000
- Promo Code: QO
- Closing Fee: $50 if closed within 180 days