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Terms from the bank website as of 11/5/08:
Offer requires the opening of a new PNC Bank Business Basic Checking, Business Enterprise Checking, Analysis Business Checking, Non-Profit Checking, Retail Businesses Checking, Medical Professionals Checking or Real Estate Services Checking account as your primary card-processing account in conjunction with a new PNC Merchant Services account by June 30, 2009, and activation with an initial sales deposit to the new PNC Merchant Services account within 60 days of PNC Merchant Services account opening. $300 cash bonus will be credited to your new PNC Bank Business Checking account within 90 days of the date of meeting the account opening and activation requirements. One $300 cash bonus per merchant, regardless of the number of locations or agreements, and not available to existing PNC Business Checking or PNC Merchant Services customers. Offer may be extended, modified or discontinued at any time without notice and may vary by market.