[KS, MO, AR, OK] Equity Bank: Revolution Smart Toaster Checking Bonus ($349)

Offer at a glance

• Maximum bonus amount: Toaster
• Availability: Kansas, Missouri, Arkansas and Oklahoma
• Direct deposit required: Yes, no minimum
• Additional requirements: See belowed
• 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: None
• Expiration date: None listed

The Offer

Direct link to offer

• Equity Bank is offering a free Revolution™smart toaster ($349 on Amazon) when you open a new preferred or elite checking account and complete the following requirements:
  • Have a balance of at least $2,000 at incentive redemption
  • Enroll in online banking
  • Receive a direct deposit
  • Receive a debit card

The Fine Print

• *Equity Bank’s Revolution™ toaster giveaway is a limited‑time offer subject to change without notice.
• Offer available to new Equity Bank checking accounts that are first in their household.
• Must be Preferred or Elite checking account, with balance of $2,000 at time of incentive redemption.
• Minimum $100 to open Preferred or Elite checking account.
• To receive offer, customer must enroll in online banking and direct deposit, and receive a debit card.
• Customer will be issued a 1099‑INT form for tax value of the incentive amount.
• 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

Can’t imagine many readers spending $300+ on a toaster. I guess this is a good deal if you can flip the toaster for enough money. We need to know if it’s a hard or soft pull to open and what the credit card funding is available.

Hat tip to John B

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times