| Written by: Derrick Dye

M&T Bank Business Checking Bonus

There is a new M&T Bank business checking bonus offer out that is best we have ever seen for this account without requiring additional services. If you complete the terms of the business checking offer, you can max out a bonus of $1,500. Let's look at the details for this offer and see who is eligible for this nice chunk of change. 5/20/26 UPDATE: Offer good through 6/30/26.

M&T Bank Business Checking Offer Details

Business Checking Offer

Here are the details for the M&T Bank business checking bonus that is up to $1,500:

  • Earn a bonus by opening a new M&T Business Checking account before June 30, 2026.
  • You can open either a Business Essential, Business Plus, or Business Premium account.
  • The bonus is paid based on the average daily balance of your account in the 3rd full calendar month from accounting opening and will be paid as follows:
    • Average Daily Balance between $5,000 and $14,999.99: $300 Bonus
    • Average Daily Balance between $15,000 and $29,999.99: $500 Bonus
    • Average Daily Balance between $30,000 and $99,999.99: $750 Bonus
    • Average Daily Balance over $100,000: $1,500 Bonus
  • Promo code: BO

DIRECT LINK TO OFFER

Merchant Account Offer

5/20/26 UPDATE: This Merchant Account Offer is NOT required for the current bonus.

In addition to the M&T Bank Business checking offer above, new business accounts can sign up for a Merchant Services Account and earn a bonus up to $500. The details are:

  • Earn a bonus by opening a new M&T Bank Merchant Services Account before March 31, 2026.
  • Sign a 1-, 2- or 3-year agreement for the Merchant Services Account
  • Earn a bonus based on the processing volume in the account in the first two calendar months the account is open and is paid as follows:
    • Total processing volume of between $1,000 and $99,999.99: $250 bonus
    • Total processing volume of $100,000 or more: $500 bonus
  • Promo code: MSCD126
$750 US Bank Business Checking Bonus

Who Is Eligible For This Offer

Eligibility for Banking Offer

The M&T Bank business checking offer is not available to M&T Bank employees. Otherwise, it is available to everyone, unless they have or have held a non-personal M&T Bank checking account within the past 90 days of opening this new account. Only one bonus per EIN/TIN is allowed.

Eligibility for Merchant Account

This offer applies only to merchants who do not currently have a merchant account with M&T Bank Merchant Services and who did not collect from a like offer within the past 12 months. Merchants must sign a 1-year, 2-year or 3-year contract to qualify and use an M&T Business Checking account as their Merchant Services processing account.  Each Tax ID number is eligible for one cash bonus, regardless of the number of merchant accounts opened. 

Offer Terms

Checking Account Offer Terms

Here are some notable terms for the business checking offer:

  • Checking account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus.
  • The business checking bonus will be deposited into your new eligible M&T Bank Business Checking account within the fourth month of account opening (i.e. the calendar month after your average daily balance determines the bonus).
  • Existing customers (businesses) who have previously received a checking bonus do not qualify.
  • There is a $50 fee for closing the checking account early, as defined in the Account Fee Schedule
  • If your account is closed in the first 6 months from opening, your cash offer will be clawed back at closure.
  • Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. 

Merchant Services Account Offer Terms

Here are some notable terms for the Merchant Services offer:

  • This offer applies only to merchants who do not currently have a merchant account with M&T Bank Merchant Services and who did not collect from a like offer within the past 12 months.
  • Merchants must sign a 1-year, 2-year or 3-year contract to qualify and use an M&T Business Checking account as their Merchant Services processing account. 
  • Only 1 offer bonus is allowed per TIN/EIN.
  • The bonus will be credited to the M&T Merchant account within five months of when the account was opened. 
  • Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. 

Account Fees

Each of the three (3) M&T Bank business checking bonus accounts come with monthly maintenance fees between $5 and $25 per month. These fees are waived for the first three (3) months and then remain waived with qualifying activity, which depends on what account you have. Be sure to review those terms so you can pay no fees and max out this bonus.

Business Checking Offer Link

M&T Bank Business Checking Bonus: ToP Thoughts

This is a nice business checking bonus and one of the better options on the market, especially for high spend businesses. At a minimum, this account is a fairly easy $300-500 bonus. For the right business, it doesn't take much work to get $750 or more. Another nice part of this bonus is the checking bonus timeline doesn't really matter until the 3rd calendar month after signing up. So you can sign up for this offer before it ends on 6/30/26, even if you are in the middle of another bonus. The average daily balance requirements don't matter until 11+ weeks from now, so you have plenty of time to move the necessary funds to M&T for the 3rd full calendar month following opening the account.

Let us know if you grab the offer over in our ToP Facebook Group!