M&T Bank
M&T Bank MyChoice Premium Checking $200 Bonus
M&T Bank pays you $200 when you open a MyChoice Premium Checking account between August 1 and October 31, 2026 and receive $500 or more in qualifying direct deposits within 90 days. The $24.95 monthly fee waives with a $7,500 daily balance or $25,000 across M&T accounts. Soft credit pull.
- Bonus amount
- $200
- Expires
- Oct 31, 2026
- Time to complete
- ~90 days
- Bonus deposited in
- ~180 days
- Difficulty
- Medium
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Requirements
Last verified: Aug 22, 2026
Open MyChoice Premium Checking
Open a new M&T MyChoice Premium Checking account between August 1, 2026 and October 31, 2026 using the promo code from the application page.
Direct deposits
Receive at least $500 in qualifying direct deposits within 90 days of account opening.
Avoid early closure
Keep the account open for at least 180 days to avoid a $50 early closure fee.
Bonus is credited within 90 days after you receive $500 in qualifying direct deposits.
Account Details
- Maintain a $7,500 average daily balance
- Maintain $25,000 in combined deposit or investment balances
Do not close the account within 180 days to avoid a $50 early closure fee.
Eligibility
Cannot have received an M&T checking bonus in the past 12 months.
- Must reside in an eligible state.
Tips & Gotchas
- →There’s a $24.95 monthly fee unless you keep a $7,500 average daily balance or $25,000 across your M&T accounts. Qualifying direct deposits include payroll, pension, and Social Security or other government benefits.
- →The MyChoice Premium bonus amount varies by ZIP code. Enter your home ZIP on the offer page to confirm the amount before you apply.
Direct Deposit Data Points 132
132 community reports across 29 transfer sources, showing what triggers a qualifying direct deposit at M&T Bank.
Can You Earn This Bonus Again?
Fine Print
Offer available to residents of CT, DC, DE, MD, NJ, NY, PA, VA and WV only. Open a new MyChoice Premium Checking account between 8/1/2026 and 10/31/2026 and receive at least $500 in qualifying direct deposits within 90 days. You must not have received an M&T personal checking bonus in the last 12 months.
Taxable income · Reported on 1099-INT
Related Articles
What Counts as a Direct Deposit for M&T Bank Bonuses?
M&T's official terms are narrow, counting only recurring payroll, pension, or Social Security and excluding P2P and internet-payment transfers. But based on 227 community data points, M&T's coding is loose for some senders and strict for others. Fidelity Cash Management (20 of 21), Schwab checking (10 of 10), and even Cash App cash-outs (9 of 9) reliably code as direct deposits, while Chase personal and KeyBank pushes consistently fail.
What is a direct deposit?
An electronic payment sent directly into your bank account, usually from an employer or government.
Does Zelle Count as Direct Deposit for Bank Bonuses?
Usually no. At most banks a Zelle payment arrives coded as peer-to-peer and will not trigger the bonus. Citi is the clear exception. Its Enhanced Direct Deposit terms name Zelle as a qualifying deposit, and every Zelle report we have from Citi got paid.
Also see: this month's best bank bonuses and community DD data points.
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