We are in the process of acquiring another bank and we have identified a number of duplicate account numbers between the banks. We would like to give a gift card to the affected customers as we change their account numbers if they bring in their old checks to shred. Would this be consider a Bonus that would need to be reported on a 1099-Misc?

What would the dollar amount of the gift card be?

Looking at $100 for check and $50 for Savings booklets. However we have other potential bonuses they could participate in like referring new customers that is not account driven as well.

that would need to be reported on a 1099-Misc?

Yes, if you give them $600 or more.