Forum Thread

$150 cash bonus for opening up a new my choice checking account with m&t

bluezours 578 115 February 10, 2015 at 01:03 PM in Finance
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you can do this online too. see pic for details.

(please don't bash me if this is not a slick deal- I am new to posting deals)
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Last Edited by qwe1234 October 9, 2015 at 11:38 PM
How do I sign up?

Quote :
visit http://www.mtb.com/checking

-select a mychoice checking account type and click "open now"
-after entering personal information, enter the promo code qe into the box labeled "promo code"
How do I avoid the $6.95 monthly maintenance fee?
or better convert to EZChoice Checking accounts. Make just ONE transaction such as a deposit, withdrawal, or debit purchase.

Quote :
have total direct deposits of $200 or more per monthly service charge cycle
or
make 10 or more debit card purchases or payments per monthly service charge cycle
or
keep an average balance of $500 or more throughout your monthly service charge cycle
What counts as a Direct Deposit?

Quote :
The Dr. of Credit blog lists PayPal as a valid DD, but my PayPal transfer sat for over a week with no bonus. However, when I did an ACH push from Chase, the bonus posted on the same morning that the push posted. It is not 100% evidence that Chase works and PayPal doesn't as it could be a coincidence, but I am quite confident in saying that, until evidence to the contrary is posted, PayPal WILL NOT WORK as DD. Chase will.
Where do I find my account and routing number?

Quote :
When you sign up these are provided for you at the end on the confirmation page.

There are 3 M&T routing numbers and they are:

022000046 New York State
031302955 Pennsylvania and Delaware
052000113 Maryland, Virginia, West Virginia and Washington D.C.
Is there anything else I need to do after signing up?

Quote :
When I signed up I was told to fill out a 'signature card' and send it back. The card can be found here:

https://www.mtb.com/customerservi...e_Card.pdf

You can scan it using a smartphone app like tinyscan. You can fax it using the website faxzero.
How long do I have to keep this account open? Is there an early cancellation fee?

Quote :
Reading the T&C, it states that you need to keep the account open for 180 days or you will be charged a $50 early account closing fee. So effectively you have to keep the account open for 180 days not to be charged a fee. .
How do I close my account?

Quote :
Your signature is required to process this type of request. If you are unable to visit an M&T Bank branch, please send your signed request to your branch of accounts. For Home Equity Loans and Lines, please send a letter of cancellation request with your signature to:

M&T Bank
HEQ Servicing
One Fountain Plaza
Buffalo, NY 14203
How long until I get my reward?

Quote :
Signed up a week ago, pushed some money from Chase and Alliant that finally posted today (were still pending yesterday), and the $150 bonus posted today as well.

According to this user's anecdote, we should see the money arriving in a week or so.
Is this limited to certain areas?

Quote :
Availability: While it will let you open an account online anywhere, it won't actually work unless you live in one of the following states: CT, DC, DE, FL, MA, MD, NJ, NY, OR, PA, VA, WV
Which Bank to Bank Transfer confirmed to work for Direct Deposit requirement?
Quote :
Chase, Citi, Cap One 360, Ally, Discover Bank
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226 Comments

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#3
$6.95 monthly fee.How to avoid a monthly fee

Have total direct deposits of $200 or more per monthly service charge cycle
OR
Make 10 or more debit card purchases or payments per monthly service charge cycle
OR
Keep an average balance of $500 or more throughout your monthly service charge cycle
Have total direct deposits of $200 or more per monthly service charge cycle
OR
Make 10 or more debit card purchases or payments per monthly service charge cycle
OR
Keep an average balance of $500 or more throughout your monthly service charge cycle
Reply Helpful Comment? 0 0
Last edited by karrun February 10, 2015 at 01:22 PM
Joined Jan 2013
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#4
Quote from karrun View Post :
$6.95 monthly fee.How to avoid a monthly fee

Have total direct deposits of $200 or more per monthly service charge cycle
OR
Make 10 or more debit card purchases or payments per monthly service charge cycle
OR
Keep an average balance of $500 or more throughout your monthly service charge cycle
Have total direct deposits of $200 or more per monthly service charge cycle
OR
Make 10 or more debit card purchases or payments per monthly service charge cycle
OR
Keep an average balance of $500 or more throughout your monthly service charge cycle
Seems reasonable.. I dont see any early closing fee, do you?
Reply Helpful Comment? 0 0
#5
Not yet. I do see this, however.Apparently they charge you @2.99/mo automatically, so you'd need to cancel this right away.Log in to M&T Online Banking to view your FICO(R) Credit Score and the top two factors affecting your score (provided by Equifax). Your FICO Credit Score will only be updated once a month. Please keep in mind it can change more frequently. The standard monthly subscription fee is $2.99 per user. The monthly fee will not be charged until you complete your enrollment. When your enrollment is complete, you will be charged beginning on the last day of each monthly service charge cycle for your account. You may cancel at any time; however, we do not provide partial or prorated refunds.
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#6
Good find.


Lots of questions but should be a very easy $150. Wish they allowed cc funding.
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#7
Is this restricted to certain states? “Qualifying direct deposits include, but are not limited to, electronic deposits such as payroll or Social Security and do not include electronic money transfers or credits such as account-to-account transfers OLOR="Red"]or those made through internet payment services[/COLOR]." I assume this means Paypal/Amazon deposits wouldn't qualify?
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#8
might want to highlight the promo code QE
Help us out man, no link no info on how to obtain ....
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#9
similar promo from the summer: http://www.hustlermoneyblog.com/w...-Bonus.pdf
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#10
To qualify for $150 bonus, you need a $100 DD. have branch employee put in promo code PACE or use promo code QE online.
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#11
this doesn't affect your credit score right if you open a lot of checking/savings account? it's chexsystem not credit score. how to stay under the chexsystem radar like don't open how many accounts per how many days? sorry I am brand new at this

what will qualify as direct deposit? barclays? ally ACH transfer?

nice you can just open this online, so to avoid the monthly fee just use the last option keep 500 bucks there every month. closing the account will that affect chexsystem or credit score?
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#12
Quote from karrun View Post :
Not yet. I do see this, however.Apparently they charge you @2.99/mo automatically, so you'd need to cancel this right away.Log in to M&T Online Banking to view your FICO(R) Credit Score and the top two factors affecting your score (provided by Equifax). Your FICO Credit Score will only be updated once a month. Please keep in mind it can change more frequently. The standard monthly subscription fee is $2.99 per user. The monthly fee will not be charged until you complete your enrollment. When your enrollment is complete, you will be charged beginning on the last day of each monthly service charge cycle for your account. You may cancel at any time; however, we do not provide partial or prorated refunds.

do they automatically enroll you in the credit report?

do you mean cancel the 2.99 right away when they enroll you in it or do you mean cancel the account right away once u get the bonus
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#13
Quote from okaythen View Post :
do they automatically enroll you in the credit report?

do you mean cancel the 2.99 right away when they enroll you in it or do you mean cancel the account right away once u get the bonus?
Sounds to me like they charge you the $2.99 as soon as you enroll. You can then opt out, but you'll still be charged that initial $2.99
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#14
Question is, how long does it take to fund the $150 to your account and how long after funding can I close it?
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#15
Quote from karrun View Post :
Sounds to me like they charge you the $2.99 as soon as you enroll. You can then opt out, but you'll still be charged that initial $2.99
I just signed up and it clearly shows that I'm not enrolled in my account. After signing up it gives you the option to enroll in that along with other services that cost $4.95/mo.
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