M&T Bank is offering a bonus of up to $500 for opening a new business checking account, and the deal is back until March 31, 2026! The catch? To snag the $500 bonus, you'll need to maintain an average daily balance of at least $5,000 in the third full month after opening the account. There's also a smaller $300 bonus if you keep $5,000+ in the account. Also, you can now open a personal checking account for a lower fee.

Here's why this matters: If you're a small business owner or freelancer, this is essentially free money, provided you can meet the balance requirements. Just remember to factor in the opportunity cost of keeping that money parked in a checking account, and be aware of the $50 early account termination fee if you close the account within 180 days. Also, you'll need to keep at least $1,000 in the account to waive the monthly fee.

It's also worth noting that bank bonuses are considered taxable income, so factor that into your calculations. This offer is available in branch only in CT, DE, D.C., MD, NJ, NY, PA, VA, and WV. If you're eligible and can swing the balance requirements, it could be a worthwhile boost for your business finances!