Community Banking

¹ Eligibility

To be eligible for the $400 bonus, you must open a new Bankohana Level II or Bankohana Level III Checking account (“Account”) on or after March 11, 2024 HST and have $3,500 in total Qualifying Direct Deposits within the first 60 days of your Account’s open date. Upgrading an existing checking account to a Bankohana II or III account will not qualify for this $400 bonus. See the Qualifying Direct Deposit section below for the definition of a Qualifying Direct Deposit.

If qualifications are met, a bonus will be applied directly to your Account within 120 days of your Account’s open date. Your Account must remain open as a Bankohana Level II or Bankohana Level III Checking account and be in good standing at the time of the bonus award. If your Account type is changed or if your Account is closed before the bonus is awarded, you will not receive the bonus. Limit one bonus per account per customer. This offer is available from March 11, 2024 HST and subject to change without prior notice.

Qualifying Direct Deposit

Qualifying Direct Deposits are defined as certain incoming ACH credits which can include electronic deposits made from your employer or another payer, such as your salary, pension, or Social Security benefits. The deposit method is determined by the sender of the credit, and Bank of Hawaii (“the Bank”) will rely on this information to determine a Qualifying Direct Deposit. The Bank has sole discretion to determine what a Qualifying Direct Deposit is for purposes of this promotion.

The following types of transactions are examples of what is NOT considered Qualifying Direct Deposits:

• Peer-to-peer transfers processed as an ACH credit (such as Venmo, PayPal, etc.)
• Zelle
• All Initial funding of Bankohana II or III accounts
• Deposits made at a teller, ATM, or through the Bank of Hawaii mobile app
• Internal transfers from another Bank of Hawaii account
• Incoming wires

1099 Issuance

A 1099-INT form will be issued from Bank of Hawaii to the primary accountholder for the $400 bonus applied to your Account. You are responsible for any and all taxes and fees associated with the credit awarded from this promotion.

About Your Bankohana Checking Account

The minimum balance to open an Account is $500. The variable Annual Percentage Yield (APY) is 0.01% for balances less than $50,000 and 0.02% for balances $50,000 or greater. APY is as of 3/21/2024 for State of Hawaii and 3/22/2024 for Saipan, Guam, and Palau and can change at any time. Fees may reduce earnings. For Bankohana Level II Checking accounts, a Combined Balance of $20,000 is required to avoid the Monthly Service Fee. The monthly service fee is $20 through 9/30/2024 and will increase to $25 beginning 10/1/2024. For Bankohana Level III Checking accounts a Combined Balance of $50,000 is required to avoid the $30 Monthly Service Fee. Accounts closed within 180 days will be assessed an early closing fee of $70. For further details on these accounts, please see the Outline of Basic Terms & Conditions, Consumer Checking and Savings Account Fee Schedule, and Bankohana Addendum available at a branch or at boh.com/agreements.