Brilliant Bank

Deposits held and insured by Equity Bank

Overview / Commentary
833-605-1037
PO Box 782378
Wichita, KS 67278
Deposits held and insured by Equity Bank

So Far, So Good!

Posted by: |

I got in on the Luminary money market, where I was earning 5.25%. I read on this site that they were now offering a Surge account, which was paying 5.35%. I sent them a quick message through my account page asking if I could switch over to a Surge account. Within just a few hours, I received an answer saying that they would switch me over within 24 hours, which they did. Very happy with the service I've received so far!

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. Edit. After a while I've decided that I'm closing my account with them. Normally I'd keep a small amount of money in an unused account just to keep it open for future use but apparently they have a $2000 minimum balance requirement or else they charge you a fee. Good bye brilliant bank. I should have done my research better.

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

WORST BANK

Posted by: |

Other reviewers are correct - the account will fund from your external account INSTANTLY, but it is IMPOSSIBLE to get your money out. You have to CALL to schedule a wire which then takes DAYS. DO NOT USE THIS BANK.

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Health
A

Data as of Q1 2024

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

Health Grade Components

Overall
FDIC Certificate #25858
Year Established1985
Employees774
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.24%
Return on Equity - YTD11.9%
Annual Interest Income$71.6MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$5.23B$5.15B
LoansQ1 2024vs Q1 2023$3.44B$3.29B
DepositsQ1 2024vs Q1 2023$4.39B$4.3B
Equity CapitalQ1 2024vs Q1 2023$535MM$508.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$44.4MM$45.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$16.5MM$14.7MM
Real Estate OwnedQ1 2024vs Q1 2023$1.5MM$4.2MM
Rates
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Brilliant Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.35%$1k-Surge Money Market

Brilliant Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%$1k$500k3 Month CD
5.05%$1k$500k9 Month CD
4.85%$1k$500k15 Month CD
Locations

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

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