M&T Bank, New $200 Checking Account Bonus

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M&T bank checking bonus 200

M&T Bank, New $200 Checking Account Bonus

M&T Bank has had a lots of promotions recently, offering as much as $250 for new accounts. They have also had some issues recently, but have now released a new bonus offer.

The Offers

In order to receive the $200 bonus you need to open a new personal checking account by October 20, 2017 with promo code QK and make a direct deposit of at least $100 within 90 days of account opening.

Open account here.


EZChoice Checking is the best option. You can avoid the $6.95 monthly fee just by making one transaction such as a deposit, withdrawal, or debit purchase every month. If you have more than one M&T account than a small transfer from one to the other will satisfy that requirement.

Both accounts have an Early Account Closure Fee of $50.00 if account is closed within 180 days of opening.

Recent Issues

There’s been some issues recently with M&T Bank bonuses, as they seem to be cracking down on some people who have received multiple account bonuses. Some people have had their accounts frozen or closed, but there’s others who haven’t had any issues. You can read this post at Doctor of Credit and check out comments too for more information.


The $200 bonus is the best we have seen for an EZChoice Checking account that could easily be kept open, fee free. You should be able to get more than one bonus for every new account that you open. You just need to use a different promo code every time. ACH deposits of at least $100 seem to trigger the bonus which posts on the same day as the ACH deposit. Major banks such as Chase, Capital One, Alliant etc will work for the ACH transfer.

We wrote previously that even though the promotion is limited only to a few states, it seems to be working nationwide.

HT: r/churning

The responses below are not provided or commissioned by any advertiser or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.


  1. You wrote, “Major banks such as Chase, Capital One, Alliant etc will work for the ACH transfer.”

    Can you explain how to do this? I’m new to direct deposits. Can I just simply transfer funds from Chase to M&T?

  2. I’m new to this also. If I transfer from say Capitol One, could you walk us through what to do? Do I go on n to Capitol One and explicitly ask to do a ACH transfer? Any chance I can do this online through my Capitol One online banking?

    • There is a link at the end of the post regarding it working nationwide.
      But I would like to know if nationwide includes Hawaii

  3. I signed up for this, used QK, made deposits, and was just told on the phone that since I wasn’t “targeted” they just aren’t going to pay me the bonus. AZ resident


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