Terms and Conditions for the M&F Bank Business Performance Checking $500 Offer

Offer Information: Open a new Performance Checking account from 3/01/2025 through 6/30/2025, complete the following activities within 90 days of the account opening, and earn $500.Deposit at least $10,000 in new money within 14 days of account opening. Maintain at least a $10,000 daily balance for the first 3 full statement cycles after account opening.

Reward Processing: The reward will be deposited to the new checking account within 4 weeks after the qualification requirements have been met and verified. The new checking account must be open and in good standing with a balance of at least $1,000.00 at the time of M&F verification and until the reward is deposited to receive the reward. Promotion is only applicable once per checking account and per business. M&F Bank may report the value of any offered reward received to the IRS as required by law. Any applicable taxes are the responsibility of the recipient.

Reward Forfeiture: Reward forfeiture will occur if: (1) the checking account is changed to an account type not included in this client offer before qualification validation, (2) the checking account is closed prior to the reward being deposited, or (3) the new checking account has a balance that is less than $1,000 at the time of qualification validation.

Offer Eligibility: You must be a new M&F Bank business checking client. To be considered a new business checking client, the business cannot have an existing M&F business checking account or have closed an M&F business checking account within 180 days of the promotion start date with the same Employer Identification Number (EIN) or Social Security Number. The business account holder must be 18 years or older at the time of account opening. The account holder must be a U.S. citizen. The business’s physical address must be located in the state of North Carolina. Existing customers and/or M&F Bank employees are not eligible for this offer.

The offer is non-transferable, is subject to change, and may be discontinued at any time. M&F Bank reserves the right in our sole discretion to prohibit a reward payout to non-eligible businesses. All promotional payouts will be processed no later than 8/31/2025 at which point this promotion (and any related disbursements) will be considered final, and no further disbursements will be made.