Brilliant Bank

Deposits held and insured by Equity Bank

Overview / Commentary
PO Box 782378
Wichita, KS 67278
Deposits held and insured by Equity Bank

Related Posts

Brilliant Bank Boosts 9-Month CD APY To Rate-Leading Level - 3/28/2023

Brilliant Bank (internet division of Equity Bank) has boosted its 9-month CD APY to a rate-leading level. $1k minimum/$500k maximum deposit.

Brilliant Banks Unveils Competitive Magnetic Money Market Account - 3/20/2023

Brilliant Bank (internet division of Equity Bank) has unveiled its Magnetic Money Market Account has a near-rate leading APY. $1k minimum/$500k maximum deposit/balance.

Going LIVE in Just A Few Days...The Resurgence Of Brilliance With Brilliant's MAGNETIC Money Mkt! - 3/9/2023

Brilliant ups the ante YET again with their new Money Market...up to a 4.65% APY. Product not yet live...existing customers of the Electric MM should call to get switched over.

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Great Bank

Posted by: |

I open a money market account in February great decision great rates awesome customer service always able to reach them on the phone when I have a question better than my local bank .

Impressed With This Bank Right Now

Posted by: |

I've been really satisfied, and even impressed with my experience at Brilliant. So much so I feel almost compelled to write a review here. All experiences and interactions vary depending on many factors including specific CSR contacted, one's expectations, what the account is being used for, amount of time using the bank, website glitches, etc...This is one person's experience that spans a few months and includes the onboarding and funds transfer process.

Brilliant seems to be rarely mentioned in the interest rate lists online from different websites. I found them, thanks to DA, was attracted by the 3%+ rate at the time so I called to ask questions. I always feel better talking to a person at a online institution before I move funds. I decided to open a Money Market.

Application was done online (not opened with a person on the phone) and took 10 minutes at most, was simple and asked the usual questions. Approved in 2 days.

Account set up and verification using trial deposits (not Plaid, which I like) was smooth and took the usual 3 days. Viewing my account on the website is clear and simple. It's a basic layout, easy to navigate and very streamlined. No frills needed.

Initial funding was pushed from outside institution without issue. Later, I downloaded the App to mobile deposit a check. App is the same as the website. Easy to use and made it simple to use the check image deposit feature. Check cleared with no issue and was showing in account the next day. My understanding is that even if it's not included in 'Available Balance' for a couple of days (if over $1k), it is still included in the balance to receive the compounded interest.

Each time I've called Brilliant I have never been on hold for more that 1 minute. There is no pre recording: "For Account information, press 1" which I find so refreshing because navigating that human job eliminating system with the usual banks frustrates me to no end. The CSRs have always been super friendly, knowledgeable, and patient with me. Maybe it's luck of the draw but I recently called because I was looking on the website for tax docs. I didn't see them and decided to call jto inquire as to when the docs will be available - On a Saturday. Spoke to a human in 30 seconds and he said they should be available soon AND will email me personally when they're ready for download. WHAT? I've never experienced above & beyond customer service like this from any banking institution. ALSO, he volunteered the new rate increase information and assured me my account will reflect the increase Monday. I was over the moon.

I did ding 2 stars for the 'Reasonable Fees' section as I also find the transfer limits out of the bank a bit constraining, but it isn't much different than other banks and I'm using the account to earn interest on funds, not as a HUB and the availability of paper checks is a easy work-around. I'll update my review, if the need arises as the months/years go by, but so far... WOW! I'm extremely happy with my decision because my experience has been stellar and it's good feeling searching for HYSA rates and consistently seeing my choice as a rate leader.

Brilliant Bank? More Like Backwards Bank

Posted by: |

I've had a lot of bank accounts and so far this is the only one that charges a fee to make a simple ACH transfer.

No Wires Out Only External Initiated Achs >5K

Posted by: |

Just spoke with a CSR manager. Can take wires in but cant send wires out. Internally initiated ACHs limited to 5k per day and month.
No limit on externally initiated achs
Hotel California rules of money transfer I guess



Data as of Q2 2022

Data displayed below is for insuring bank: Equity Bank
Learn why bank health matters

Health Grade Components

FDIC Certificate #25858
Year Established1985
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD13%
Annual Interest Income$86.3MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$5.00B$4.27B
LoansQ2 2022vs Q2 2021$3.18B$2.77B
DepositsQ2 2022vs Q2 2021$4.32B$3.71B
Equity CapitalQ2 2022vs Q2 2021$494.4MM$468.9MM
Loan Loss AllowanceQ2 2022vs Q2 2021$48.2MM$51.8MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$16.3MM$56.9MM
Real Estate OwnedQ2 2022vs Q2 2021$13.0MM$10.9MM
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Brilliant Bank Money Market Rates

4.65%$1k$500kMagnetic Money Market

Brilliant Bank CD Rates

5.25%$1k$500k9 Month CD
4.85%$1k$500k15 Month CD

Brilliant Bank is an Internet only bank and does not have branch locations. Its headquarters is located at PO Box 782378 - Wichita, KS 67278

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.