M&T Bank is offering from $100-$200 to new customers who open up a checking account.  The difference in payout depends on the type of checking account you open.  The deals from M&T, however, do not end there!  You have the opportunity to earn up to $50 more.  The first $50 comes from adding overdraft protection to your account.  This could be wise as M&T really punishes you for bouncing a check.  The overdraft penalty is $37 (there is no fee if the overdraft was $10 or less).  The other $50 is easier to obtain because you simply need to use their free online bill pay service.  After using it 3 times, you receive the cash.  You cannot receive both of the bonus deals.

Prospective bank customers in Syracuse, NY may be lured by some pretty hefty cash offers for opening a checking account.  We haven’t seen many offers above $50, so when M&T Bank offers new members $150 to open a Power Checking account, we take notice.  Select checking accounts get $100 and basic checking with interest gets $50.  Incentives, however, can boost the $150 to as high as $250 for Power Checking.  You must enroll in certain M&T programs like overdraft protection or use BillPay to take advantage of this extra bounty.  The total for regular checking could get you as high as $125.  It’s easiest to take full advantage of these offers if you have your checking account elsewhere, but your mortgage is at M&T.