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expiredImagineNoReligion posted Sep 15, 2024 03:10 AM
expiredImagineNoReligion posted Sep 15, 2024 03:10 AM

M&T Bank Checking Account: Open Account & Direct Deposit $500 Within 90 Days &

(Valid in Select States thru 9/25)

Earn $350 Cash Bonus

M&T Bank - Bank Advertiser
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Deal Details
M&T Bank is offering their M&T Checking Account Offer: Open An Eligible Account + Enroll in Direct Deposit & Make Qualifying Direct Deposits totaling at least $500 (within 90-days of account opening) w/ promo code TN and earn $350 Cash Bonus credited to your account or when you follow the instructions listed below.

Thanks to community member ImagineNoReligion for finding this deal

Note, some of the products offered by M&T Bank may vary between locations. Please enter your home zip code to see if this offer is available in your state

Explore the checking accounts via the promotional page: M&T Bank: MyChoice Premium, MyChoice Plus, EZChoice or MyWay Banking

Deal Instructions
  1. Click this link here
  2. Open a qualifying M&T Bank Checking Account via online or at any branch by October 25, 2024 using promo code TN
  3. Set up your direct deposits by enrolling and make a qualifying direct deposits totaling at least $500 within 90 days of account opening
  4. Your $350 cash bonus will be credited within 90 days of the account receiving the qualifying direct deposits

Editor's Notes

Written by Discombobulated | Staff
  • Must open a new M&T Bank EZChoice Checking, MyChoice Plus Checking, MyChoice Plus Checking w/ Interest or MyChoice Premium Checking account between September 3 thru October 25, 2024 and the account must receive a total of at least $500 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 transfers or other electronic money transfers, such as those made through Internet payment services, do not qualify.
  • Checking Bonus will be credited to the account within 90 days of the account receiving the required qualifying direct deposits, as long as the account is still open at the time we seek to credit the bonus, and all of the eligibility requirements are satisfied.
  • Bonus offers are not available to anyone that has received a cash bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period), or employees of M&T Bank or any of its affiliates. Only the primary signer on the new checking account may be eligible for the Bonus(es).
  • The promo code is required at account opening to qualify for the bonus.
  • Limit one bonus will be awarded per customer, regardless of the number of accounts opened.
  • 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
  • Offer valid through October 25, 2024 or while promotional offer last
Additional Notes
  • Refer to promotional page/disclosures for more details
  • Please see original post for additional details & give the WIKI and additional forum comments a read for helpful discussion - Discombobulated

Original Post

Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
M&T Bank is offering their M&T Checking Account Offer: Open An Eligible Account + Enroll in Direct Deposit & Make Qualifying Direct Deposits totaling at least $500 (within 90-days of account opening) w/ promo code TN and earn $350 Cash Bonus credited to your account or when you follow the instructions listed below.

Thanks to community member ImagineNoReligion for finding this deal

Note, some of the products offered by M&T Bank may vary between locations. Please enter your home zip code to see if this offer is available in your state

Explore the checking accounts via the promotional page: M&T Bank: MyChoice Premium, MyChoice Plus, EZChoice or MyWay Banking

Deal Instructions
  1. Click this link here
  2. Open a qualifying M&T Bank Checking Account via online or at any branch by October 25, 2024 using promo code TN
  3. Set up your direct deposits by enrolling and make a qualifying direct deposits totaling at least $500 within 90 days of account opening
  4. Your $350 cash bonus will be credited within 90 days of the account receiving the qualifying direct deposits

Editor's Notes

Written by Discombobulated | Staff
  • Must open a new M&T Bank EZChoice Checking, MyChoice Plus Checking, MyChoice Plus Checking w/ Interest or MyChoice Premium Checking account between September 3 thru October 25, 2024 and the account must receive a total of at least $500 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 transfers or other electronic money transfers, such as those made through Internet payment services, do not qualify.
  • Checking Bonus will be credited to the account within 90 days of the account receiving the required qualifying direct deposits, as long as the account is still open at the time we seek to credit the bonus, and all of the eligibility requirements are satisfied.
  • Bonus offers are not available to anyone that has received a cash bonus credited to a personal M&T checking account within the last 12 months (Refer Friends Program is excluded from this 12-month period), or employees of M&T Bank or any of its affiliates. Only the primary signer on the new checking account may be eligible for the Bonus(es).
  • The promo code is required at account opening to qualify for the bonus.
  • Limit one bonus will be awarded per customer, regardless of the number of accounts opened.
  • 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
  • Offer valid through October 25, 2024 or while promotional offer last
Additional Notes
  • Refer to promotional page/disclosures for more details
  • Please see original post for additional details & give the WIKI and additional forum comments a read for helpful discussion - Discombobulated

Original Post

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Top Comments

SonofZeus
4960 Posts
820 Reputation
Availability: CT, DC, DE, MD, NJ, NY, PA, VA, WV
Greenworld123
2482 Posts
961 Reputation
$300 free dollars not worth your time but a $1 discount on toilet paper is?
MIAMIGUY305
4619 Posts
1583 Reputation
It's very much worth the hassle. I've been doing these checking bonus deals for 15 years. In 2023 I made over $7000, my biggest year. This year, I'll make $2250.

153 Comments

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Sep 19, 2024 09:38 PM
56 Posts
Joined Aug 2024
LavenderThread5056Sep 19, 2024 09:38 PM
56 Posts
Quote from MIAMIGUY305 :
It's very much worth the hassle. I've been doing these checking bonus deals for 15 years. In 2023 I made over $7000, my biggest year. This year, I'll make $2250.
Do you have a list that you can share? Thanks
Sep 20, 2024 02:20 PM
3,210 Posts
Joined Sep 2010
ak1802Sep 20, 2024 02:20 PM
3,210 Posts
Quote from 8ajula :
Yes, but even assuming the 50% tax, you're still getting hundreds of dollars on these bonuses.

Also, any reason not to do both checking and credit card bonuses?
No reason not to. It just takes more management vs. just doing one. I used to do checking and cards. Now I just focus on cards (for travel) because points aren't taxed when issued nor are they taxed upon redemption.

E.g. Hotel room A costs $400 /night + $50 tax = $450

with CASH, Hotel room A = a pre-tax earnings amount of $643 (assumes combined 30% tax burden for both federal and state)

with POINTS Hotels room A = 40,000 (taxes aren't typically applied to point redemptions)

So all in, this is why I focus on accruing points for travel. But trust me, I've done my fair share of checking and saving sign up bonuses. If you can do both, it's a win-win.
Last edited by ak1802 September 20, 2024 at 09:59 AM.
Sep 20, 2024 02:59 PM
610 Posts
Joined May 2011
8ajulaSep 20, 2024 02:59 PM
610 Posts
Quote from ak1802 :
No reason not to. It just takes more management vs. just doing one. I used to do checking and cards. Now I just focus on cards (for travel) because points aren't taxed when issued nor are they taxed upon redemption.

E.g. Hotel room A costs $400 /night + $50 tax = $450

with CASH, Hotel room A = a pre-tax earnings amount of $643 (assumes combined 30% tax burden for both federal and state)

with POINTS Hotels room A costs 40,000 (taxes aren't typically applied to point redemptions)

So all in, this is why I focus on accruing points for travel. But trust me, I've done my fair share of checking and saving sign up bonuses. If you can do both, it's a win-win.
Thanks. I try to do both, but I get what you're saying. It's more work to do checking accounts, plus they're taxed.
With credit cards, doesn't a lot of them limit you to 5 or so new cards every 2 years? Or is that just Chase?
Sep 20, 2024 05:01 PM
945 Posts
Joined Nov 2010
LAST_EXITSep 20, 2024 05:01 PM
945 Posts
Quote from Pzark41 :
Got an email from [email protected] claiming to be from M&T bank this morning. Anyone else get the same email? I'm wondering if it's legit or a scam attempt. I've already sent a secure message over to M&T's customer service dept. I'll update once I hear back.
Received the same thing. You ever found out?
Sep 21, 2024 12:07 AM
2,773 Posts
Joined Mar 2010
Pzark41Sep 21, 2024 12:07 AM
2,773 Posts
Quote from LAST_EXIT :
Received the same thing. You ever found out?
Yes - it's legit.
Sep 21, 2024 04:43 AM
1,306 Posts
Joined Aug 2016
BatmansplumberSep 21, 2024 04:43 AM
1,306 Posts
Quote from WolfTheCat :
Most pull a report, but it's not a credit report. Like ChexSystems.

They can still decline you for a checking account.
They often do pull credit, just a soft pull.
Sep 21, 2024 04:46 AM
1,306 Posts
Joined Aug 2016
BatmansplumberSep 21, 2024 04:46 AM
1,306 Posts
Quote from dealerino :
M&T is a horrible bank. A family member of mine was hacked and $480 was stolen from their bank account. Initially M&T refunded the money then a few weeks later they withdrew the money again denying the claim. This person has been banking at this bank for over 20 years. Has never had a fraudulent claim before and lives on social security. I have had similar issue with other banks and never had issues with getting refunds. All banks are supposed to offer Fraud Protection, apparently not M&T.
What was the result when they filed a CFPB complaint?

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Sep 21, 2024 05:22 AM
307 Posts
Joined Nov 2014
PurePlaysSep 21, 2024 05:22 AM
307 Posts
Quote from DonV1962 :
You are correct if just considering federal but the real tax rate and burden if you add in state taxes and regulatory burden, both federal and state, has many Americans paying well above 5o% of their earnings to taxes in one form or another.
Your high we have a marginal tax rate
Pro
Sep 21, 2024 01:09 PM
7,446 Posts
Joined May 2007
DonV1962
Pro
Sep 21, 2024 01:09 PM
7,446 Posts
Quote from PurePlays :
Your high we have a marginal tax rate
I am talking about overall tax and regulatory burden. You are talking just about one federal tax rate on income and it doesn't even consider the SS tax that is the biggest bite out of everyone's paychecks.

I'm talking when you add in all taxes, fees and costs to government be it state or federal and adding in the regulatory burden. Just the regulatory burden is estimated to be $15,000 per household. Just the real estate tax in my state takes a very large chunk of my earnings every year. In a very real way the cost of government has made home ownership impossible for most wage earners and they just keep wanting more. Inflation is also a way of taxing in economic theory.
Sep 21, 2024 02:51 PM
583 Posts
Joined Jan 2006
catman17Sep 21, 2024 02:51 PM
583 Posts
I made $600 from M&T checking and savings bonus! Worth the hassle!
Sep 23, 2024 06:28 AM
324 Posts
Joined Jul 2016
xccessSep 23, 2024 06:28 AM
324 Posts
Quote from SudharsanNatarajan :
What is the credibility and reviews of this bank to open account for the bonus??
this is big bank in the south
Sep 23, 2024 03:51 PM
59 Posts
Joined Oct 2023
FairLanguage841Sep 23, 2024 03:51 PM
59 Posts
So only my salary qualifies as a direct deposit. So I need to contact HR, make a change and then change back to my old account in the future..
Sep 24, 2024 01:06 AM
1,613 Posts
Joined Jul 2007
sabinSep 24, 2024 01:06 AM
1,613 Posts
So I got an email 2 days back that my online account was closed. The ATM card arrived today, but when I went to activate it, the automated system transferred me to an outsourced rep stating the account was closed. I asked for more details, but she just kept repeating herself, and stating I would need to go into a branch to open an account. Anyone else have a similar issue? Do I lose eligibility for the $350 if I open another account?
Sep 24, 2024 03:51 PM
11 Posts
Joined Feb 2007
tinfoxSep 24, 2024 03:51 PM
11 Posts
Can the initial $25 be in the first DD or does it have be in a separate deposit from a different account than the DD one?

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Sep 24, 2024 07:07 PM
156 Posts
Joined Aug 2008
simnoSep 24, 2024 07:07 PM
156 Posts
Quote from tinfox :
Can the initial $25 be in the first DD or does it have be in a separate deposit from a different account than the DD one?
need to make the initial deposit within 30 days of account opening
it can be the same as the DD

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