[KS, MO, AR, OK] Equity Bank $200/$300 Checking Bonus, Direct Deposit Not Required

Update 2/8/24: There is a $300 variation that requires a direct deposit.

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: Can fund up to $2,500 with a credit card
  • Monthly fees: $10, avoidable
  • Early account termination fee: None
  • 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

There is no EATF according to the fee schedule.

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:
    William Charles
  • On February 3, 2024, 14:00
Tags: ar bank bonusescredit card fundingdirect deposit not requiredks bank bonusesmo bank bonusesok bank bonuses

View Comments (57)

  • This bank has a $2.55 fee for ACH transfers out, so pull the funds from another bank to avoid that fee.

  • I opened and funded 2500 with venture x. I called cap 1 to lower my cash advance limit to as low as possible but apparently they don’t do that :)
    Coded as cash advance (although there IS a warning on the website that it may and I took a chance anyway).

  • Bonuses posted today!
    $100 Checking "3/25/24 FINANCIAL FITNESS INCENTIVE PAYOUT"
    $200 Savings "3/25/24 FINANCIAL FITNESS INCENTIVE PAYOUT"

    I originally signed up for the $200 checking offer but after seeing a comment below I then opened the savings account. Was able to do $2500 credit card funding for the savings account using my Bank of America card which coded as a purchase. Sent a secure message requesting to have the promotion updated to the $300 offer and they granted the request.

    Recently, I tried opening the $300 business checking offer on their website by entering my email address but they've never followed up with me. Seems that they don't allow opening the account online like the personal checking/savings accounts. I'll probably just pass on it at this point unless they follow up and allow me to open over the phone.

    • Hi Lefty, What did you use for the direct deposit requirement? Did the bonus automatically post or did you call in to inquiry?

      • I used a real DD because it's easy for me to change my accounts each pay period. I had to send a secure message after day 45 because it didn't post by then and that was the stated timeframe.

  • Anyone actually get their bonus(es) yet? Seems like forever since I opened the accounts

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