We will credit $300 bonus (the "Checking Bonus") to a new M&T Tailored Business Checking account opened between 4/15/21 and 6/30/21 if the Average Ledger Balance in the account is at least $5,000 in the third full calendar month after the account was opened. If the requirements are met and the Account remains open, the Checking Bonus will be credited to the Account within 45 days after the end of the third full calendar month after the account was opened. The Checking Bonus is reportable for tax purposes and is not available to employees of M&T Bank or any of its affiliates. The Checking Bonus is not available to customers who have had a non-personal M&T checking account within the previous 90 days of opening an M&T Tailored Business Checking account. Only one Checking Bonus will be awarded per customer regardless of the number of new M&T Tailored Business Checking accounts opened. A $50 Account Closure Fee applies if the account is closed within the time period referenced in the Commercial Deposit Account Fee Schedule.

The Bonus offer is available for merchants who do not currently have an M&T Bank Merchant Services® account and fulfill the following conditions during the Offer Period of 4/15/21 to 6/30/21: (1) open a new M&T Bank Merchant Services account; (2) currently has or open an M&T Business Checking account to accept merchant deposits; (3) merchant must be active and process $20 in merchant transactions within a calendar month no later than 9/30/21 to receive the one-time $200 bonus (“The Bonus”); and (4) merchant must be active and process at least $4,000 in merchant transactions within a calendar month no later than 9/30/21 in order to receive the additional $100 bonus (“The Incremental Bonus”). If the conditions are met, the bonus(es) will be credited to your M&T Business Checking account by 12/31/2021. Only one Bonus offer will be awarded, regardless of the number of locations for a merchant. This Bonus offer may not be combined with any other promotional merchant services offers (excluding the $9.95 Tailored Checking Promotion.) This Bonus offer is subject to credit underwriting, due diligence requirements, and approval of an M&T Bank Merchant Services account in accordance with M&T’s requirements. The Bonus and Incremental Bonus are reportable for tax purposes and may be considered taxable income.