M&T Bank will give you a checking account bonus of $100 in cash if you add a direct deposit to your MyChoice Checking Account. If you already have this checking account with them, you need to activate the direct deposit feature within 90 days upon account opening.

The $100 bonus will be credited to your checking account after you post your first direct deposit. This promo still runs but can be stopped by the bank any time without notice. M&T limits the cash bonus to one for every customer.

The MyChoice Checking Account does not charge any monthly service fee if the account holder makes at least 10 purchases or payments using the check card every month. You can also avoid the monthly fee if you can maintain at least a $500 average daily balance. In case you fail to meet these requirements, you will have to shoulder a monthly fee of $6.95.

Other perks of MyChoice Checking includes free use of web banking, web bills payment system, mobile banking, and free account access over ATM.

The bank does not charge NSF or an ovderdraft fee in case you do not have enough funds for a transaction below $10. Usual fees apply for transactions above $10. Other overdraft fees may apply if your checking account is overdrawn.

If you want to open this checking account with M&T, you can go to their website and click the application button. You can also call them through 1888-776-8582 if you have questions or other inquiries.

M&T Bank has offices around the Mid Atlantic areas while most of their branches are in Maryland, Pennsylvania, and New York.

M&T Bank is indexed with the FDIC.