Call toll-free, 24x7

Bank of Hawaii Launches Free Checking and Online Account Opening for Checking and Savings

Monday, June 23, 2008

Honolulu, Hawaii (June 23, 2008) - Bank of Hawaii is launching free checking beginning June 26, 2008.  The free checking account will have no minimum balance requirement and no monthly service charge.  Customers will receive a free Visa Check Card and free access to e-Bankoh (Bank of Hawaii’s online banking service).  More than 100,000 customers who are currently enrolled in “Smart Checking,”  “College Express” or “Basic Checking” will be automatically converted to the free account.  Customers will continue to receive all the benefits of those accounts but no longer be subject to monthly service charges.
In addition, Bank of Hawaii customers will be able to open checking and savings accounts online beginning June 23rd.   “This is definitely added value and a tremendous convenience for our customers,” said Peter Biggs, Bank of Hawaii’s senior executive vice president for Consumer Deposits.  Customers who wish to open their “Free Checking” accounts online will be able to do so beginning on June 23rd.
When opening a deposit account online, customers will be able to fund the new account from a checking or savings account at any bank in the country.  The process is easy and allows customers to order checks, if applicable, and a debit card (ATM card for savings), and establish an internet banking account from the comfort of their own home 24/7 by visiting www.boh.com.  Accounts opened on the internet come with all the same features as an account at a branch, including access to all branches for deposits and withdrawals.
Offering the highest level of convenience, Bank of Hawaii has more branches and ATMs than any other Hawaii-based financial institution.  Bank of Hawaii was the first to offer online banking in the state and in August 2007, was the first bank in Hawaii and among the first nationwide to offer mobile banking, a free internet-based service that allows customers to access their financial accounts via cell phone or PDA without charge anytime, anywhere.