M&T Bank is bringing back its offer of a $500 bonus for opening a new Tailored Business Checking account! This is relevant to you, awardtrail reader, because it's essentially free money for meeting some pretty straightforward requirements. To snag the bonus, you need to maintain an average daily balance of at least $5,000 in the account during the third full month after you open it.

Here's the catch: the account has a $20 monthly fee, BUT you can waive it by keeping a $10,000 monthly average ledger balance, holding $25,000 average across checking and savings, spending $2,000 on a linked M&T business card, or having merchant service proceeds deposited. You'll also forfeit the bonus and pay a $50 fee if you close the account within six months. The offer is valid until March 31, 2023, and is available in-branch only, in CT, DE, D.C., MD, NJ, NY, PA, VA, and WV. Keep in mind this bonus is considered income, so you'll owe taxes on it. But hey, free money is still free money!