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[KS, MO, AR, OK] Equity Bank $200 Checking Bonus, Direct Deposit Not Required


Offer at a glance

  • Maximum bonus amount: $200
  • Availability: KS, MO, AR, OK
  • Direct deposit required: No
  • Additional requirements: See below
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Mentions debit/credit card available, unsure on limits
  • Monthly fees: $10, avoidable
  • Early account termination fee: Unsure
  • Household limit: One
  • Expiration date: None

The Offer

Direct link to offer

  • Equity Bank is offering a $200 bonus when you open a new checking account and complete the following requirements:
    • maintain Equity Bank account in active and good standing at time of incentive payment
    • complete direct deposit forms at time of enrollment
    • apply for, receive, and activate and use an Equity Bank debit card within first 45 days of account opening

The Fine Print

  • Limited time offer and may be canceled without notice.
  • One offer per household, available for new Equity Bank households only, and subject to review and approval.
  • Incentive amount will be directly deposited into customer’s qualifying account after approximately 45 days of account opening, assuming qualifications are met.
  • To qualify for offer, customer must (1) maintain Equity Bank account in active and good standing at time of incentive payment, (2) complete direct deposit forms at time of enrollment, (3) apply for, receive, and activate and use an Equity Bank debit card within first 45 days of account opening.
  • Promotion not available to current employees and employee household members of Equity Bancshares, Inc. or its subsidiaries.
  • Customer will be issued a 1099-INT form for tax value of the incentive amount.
  • Minimum $100 deposit required to open Equity Bank checking account.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

Preferred checking has a $10 monthly fee, this is waived with a $2,000 balance.

Early Account Termination Fee

I wasn’t able to find a fee schedule, so unsure if there is any early account termination fee.

Our Verdict

Better option than a $350 toaster for most people. Always nice to see a bonus without a direct deposit requirement.

Hat tip to snailrock

Useful posts regarding bank bonuses:



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