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Bankohana

Earn up to $4001 with our Bankohana checking offers!

Get rewarded with Bankohana

Bankohana brings your accounts together in one easy-to-manage package and unlocks our best banking benefits like higher interest rates, complimentary checks, waived fees, discounted services, and more. Plus, earn a $400 bonus1 when you open a new Bankohana II or III Checking account and meet promotion requirements or earn a $200 bonus4 when you open a new Bankohana Bonus Rate Savings account and meet promotion requirements.

Here’s how it works

  1. Choose the checking account that's right for you.

  2. Open your checking account with an initial deposit of at least $500.

  3. Make your Qualifying Direct Deposits1 within 60 days of opening your account.

  4. Earn a cash bonus! Receive your bonus within 120 days from account opening after meeting promotion requirements. Bonuses are limited to one per customer. Early closing fees apply.

Choose a Bankohana Checking account

Start by selecting the Bankohana Checking account that meets your needs.

Level I

  • Earns exclusive Bankohana benefits
  • $500 minimum opening deposit
  • Waived monthly service fee with $6,000 in combined Bankohana balances2

Earn $4001 with a Bankohana II Checking

  • Open and fund a new Bankohana Level II account online or in-branch with an initial deposit of at least $500
  • Make $3,500 in total Qualifying Direct Deposits within 60 days of account opening
  • Earn $400!

Earn $4001 with a Bankohana III Checking

  • Open and fund a new Bankohana Level III account online or in-branch with an initial deposit of at least $500
  • Make $3,500 in total Qualifying Direct Deposits within 60 days of account opening
  • Earn $400!

[1,2] See important information

1 Eligibility

To be eligible for a new checking account bonus, you must open a new Convenience or Bankohana Level II or III Checking account (“Account”) and meet the respective requirements outlined in the table below. See the Initial Opening Deposit and Qualifying Direct Deposits sections below for the definition of an Initial Opening Deposit and Qualifying Direct Deposits.

Table 1

New Checking Account Opened on or after… …via … with Initial Opening Deposit of… … and have Qualifying Direct Deposits of… … are eligible to receive a bonus amount of
Convenience Checking 5/28/2024 HST Online $500 $2,000 $100
Bankohana Level II or Level III Checking 3/11/2024 HST Online OR In Branch $500 $3,500 $400

 

A new Account must be opened. Changing an existing checking account product type will not qualify for any of the bonus offers. The Account open date is considered day 1. For Accounts opened on the weekend or a federal holiday, the next business day is considered your Account open date. 

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 and be in good standing (e.g. not overdrawn or charged off, etc.) 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 checking bonus per Account per customer.  If a checking Account is jointly owned and qualifies for the bonus, we consider the award as being granted to both owners and will satisfy the limit of one checking bonus per customer.  This offer cannot be combined with other checking promotions. Offer is subject to change or end without prior notice.

Initial Opening Deposit

An Initial Opening Deposit is defined as the deposit made during the account opening application process. Any deposits made after the account opening process is completed are not considered as part of your Initial Opening Deposit, even if transactions are made on the same day as account opening. Although the minimum deposit to open a Convenience Checking account is $25, a higher Initial Opening Deposit of $500 is required to qualify for the Convenience Checking bonus. See Table 1 above. Your Initial Opening Deposit does not count towards the Qualifying Direct Deposits requirement.  

Qualifying Direct Deposits

Qualifying Direct Deposits are defined as certain incoming ACH credits posted to your account, 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 are NOT considered Qualifying Direct Deposits:

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

If you fail to meet the Qualifying Direct Deposit requirement within 60 days from Account opening, you will not receive the bonus.

1099 Issuance

A 1099-INT form will be issued from Bank of Hawaii to the primary accountholder for the value of 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 Checking Account

Checking Account Type Minimum Deposit to Open Monthly Service Fee Minimum Balance to Earn APY Variable APY
Convenience $25 $5 (Or waived with Minimum average daily Ledger Balance of $500 or total minimum monthly Direct Deposits of $500. The average daily Ledger Balance will appear on your statement as “Average balance") N/A N/A
Bankohana Level II $500 $25 (or waived with a Combined Balance of $20,000) $1 0.01%
$50,000 0.02%
Bankohana Level III $500 $30 (or waived with Combined Balance of $50,000) $1 0.01%
$50,000 0.02%

 

The variable Annual Percentage Yields (APYs) are as of 1/29/2025 for State of Hawaii and 1/30/2025 for Saipan, Guam, and Palau and can change at any time. Fees may reduce earnings. Convenience Checking accounts closed within 180 days of account opening will be assessed an early closing fee of $40. Bankohana 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.

2 For a full list of accounts that may be used to meet the combined balance requirement, review the Bankohana Benefits and Requirements document.

Earn even more with Bankohana

Boost your earning potential with exclusive rates on these optional Bankohana accounts. As a preferred customer, these balances work towards your combined monthly balance requirement.

Earn $200 with a Bankohana Bonus Rate Savings3,4

  • Active savers can earn bonus interest
  • Earn a $200 cash bonus4 when you meet promotion requirements
  • $100 minimum opening deposit
  • No monthly service fee

Bankohana Bonus Rate Savings Plus3

  • Active savers can earn bonus interest
  • Eligible for high-yield rates with our Bankohana Savings Special
  • $100 minimum opening deposit
  • No monthly service fee

[3, 4, 5, 6] See important rate information

*Bank of Hawaii Time Deposit Account

3 If you do not have an existing Bankohana checking account, one is required with a Bankohana Savings or CD and can be opened with a minimum deposit of $500.

4 To qualify for the bonus, make your $7,500 in New Money deposit(s) directly to the new Account in the form of a personal or official check from another financial institution, an incoming wire, ACH credit, Online Banking external transfer, or external funding of a new Account opened through boh.com within 30 days of account opening. You will be required to maintain a Daily Account Balance of at least $7,500 every day from Day 31 through Day 150 after Account opening ("Maintenance Period") to qualify for the bonus.  If your Daily Account Balance falls below the required $7,500 minimum for even one (1) business day during the Maintenance Period, you will not receive the bonus.

If all qualifications are met, a bonus of $200 will be applied directly to your Account within 30 days. Your Account must remain open and be in good standing at the time of the bonus award. A 1099-INT form will be issued from Bank of Hawaii to the primary accountholder for the value of the bonus applied to your Account. Limit one savings bonus per Account per customer.  If a savings account is jointly owned and qualifies for the bonus, we consider the award as being granted to both owners.  This offer cannot be combined with other savings promotions. Offer is subject to change or end without prior notice.

The variable Annual Percentage Yields (APYs) are as of 9/26/2024 for State of Hawaii and 9/27/2024 for Saipan, Guam, and Palau and can change at any time. Fees may reduce earnings. Accounts closed within 180 days of account opening will be assessed an early closing fee of $40. 

Savings Account Type Minimum Balance* to Open Monthly Service Fee Minimum Balance to Earn APY Interest Rate APY Bonus Interest Rate Combined APY
Regular Savings $100 $5 $1 0.01% 0.01% None None
Bonus Rate Savings $100 $5§ $1 0.01% 0.01% 0.02% 0.03%
$10,000 0.01% 0.01% 0.02% 0.03%
$25,000 0.01% 0.01% 0.02% 0.03%
$100,000 0.02% 0.02% 0.02% 0.04%
Bankohana Bonus Rate Savings# $100 None $1 0.02% 0.02% 0.02% 0.04%
$10,000 0.02% 0.02% 0.02% 0.04%
$25,000 0.02% 0.02% 0.02% 0.04%
$100,000 0.03% 0.03% 0.02% 0.05%

 

* Although the minimum balance to open each account is $100, a higher New Money deposit(s) of $7,500 is required to qualify for the bonus.  Please note however that the $100 minimum balance to open your account may qualify toward your total New Money deposit requirement if it meets the definition of New Money

Regular Savings Monthly Service Fee waived when you meet a minimum Daily Ledger Balance of $300

The bonus interest rate and the combined APY are contingent upon making a minimum monthly deposit of $25 and no withdrawals during monthly cycle

§ Bonus Rate Savings Monthly Service Fee waived when you meet a minimum daily Ledger Balance of $500 or minimum monthly deposit of $25 and no withdrawals during monthly cycle

# To open a Bankohana Bonus Rate Savings account, a Bankohana Checking account is required and can be opened with a minimum deposit of $500 at the time of savings account opening

5 To earn the bonus rate interest and combined APY for Bankohana Bonus Rate Savings, you must make a minimum deposit of $25 and no withdrawals during the month.

6 To earn the bonus interest rate and combined APY for Bankohana Bonus Rate Savings Plus, you must make a minimum deposit of $100 and no withdrawals during the month. The minimum deposit of $100 and no withdrawals during the month are not required to receive the bonus interest rate and the combined APY for Bankohana Bonus Rate Savings Plus with $250,000 or more in balances. Interest rate subject to change without notice and may change after the account is opened and funded. Fees may reduce earnings.

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Send us a message, and our team will contact you by the next business day.

Basic Terms and Conditions

Learn how and when fees are assessed for our Bankohana Checking accounts.

Bankohana Benefits and Requirements

Got multiple accounts with Bank of Hawaii? Learn how you can take advantage of more benefits and rewards.

Compare our rates

See the annual percentage yields (APY) for all our accounts.

Frequently Asked Questions

What is Bankohana?

Bankohana is our premier family of accounts. Bankohana accounts get exclusive benefits like preferred interest rates, waived fees, complimentary checks, discounted services, and more.

Start with a Bankohana Checking account which will be your primary account. Then add an optional Bankohana Savings account and/or a Bankohana CD account which may be used to meet the combined balance requirements, provided that at least one of the Bankohana checking account holders is the primary owner of the designated related account.

Do I need to open a Bankohana Checking account to open a Bankohana Savings or CD account?

Yes, your Bankohana Checking account will be your primary Bankohana account and is required to open a Bankohana Savings or CD account. A Bankohana Checking account requires a minimum opening deposit of $500.

I have an existing Bankohana Checking account. Am I able to upgrade to a higher Bankohana Checking account level?

Yes, you are able to upgrade to a higher Bankohana Checking account level. We can help you make this product change at the branch nearest you. We recommend booking an appointment in advance to ensure you’re able to get the dedicated time you need.

What do I need to open my Bankohana account online?

Opening a Bankohana account is fast and easy. Youʻll need the following to get started:

  • Name, social security number, date of birth (all applicants)
  • Phone number and email address
  • The bank routing number and account number to fund your account

How do I fund my Checking or Savings account online?

There are three methods to fund your account online:

The first method, Instant Account Verification (IAV) is an easy and convenient way for you to use the username and password of your existing account with another financial institution to verify and fund your new account on the spot.

The second method, Small Dollar Verification (SDV) verifies your new account by depositing two small deposits (less than $1 each) into your existing bank account. The deposits will appear within 1-3 business days. You will then need to log back into your new deposit account application and verify the deposit amounts to successfully open your account online.

The last method is internal funding. If you are an existing Bank of Hawaii customer, you can enter your online banking login or debit card and PIN at the beginning of the account opening process to fund your new account with funds from your existing Bank of Hawaii account.

What if I want to open my Bankohana account in a branch?

For your convenience, we recommend booking an appointment in advance to ensure you’re able to get the dedicated time you need.

I just opened my account. What’s next?

Welcome to Bank of Hawaii! Weʻll be reaching out to you via phone and email with tips to help you make the most of your new account. You can also explore features here.

How do I earn the bonus interest on my Bonus Rate Savings account?

Bonus interest is earned on a Bankohana Bonus Rate Savings account when deposits total at least $25 and no withdrawals are made for that month.

Bonus interest is earned on a Bankohana Bonus Rate Savings Plus account when deposits total at least $100 and no withdrawals are made for that month. The minimum deposit of $100 and no withdrawals during the month are not required to receive the bonus interest rate and the combined APY for Bankohana Bonus Rate Savings Plus with $250,000 or more in balances.

If I do not qualify for the bonus interest, will I still earn regular interest?

Yes, you will earn regular interest for that month.

How do I know my account is earning the bonus interest vs. the regular interest?

The bonus interest will be reflected on your statement as “Bonus Int”

How do I set up a recurring transfer to deposit into this account?

Once you have successfully opened and funded your account, simply visit boh.com and enroll in Bank of Hawaii Online Banking. Once enrolled and logged in, you may set up your recurring transfer.

I have a question about the checking promotion. Where can I find more information?

To learn more about our checking promotions, click here.

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Links to other sites are provided as a service to you by Bank of Hawaii. These other sites are neither owned nor maintained by Bank of Hawaii. Bank of Hawaii shall not be responsible for the content and/or accuracy of any information contained in these other sites or for the personal or credit card information you provide to these sites.

Opening an account is fast and easy.

Please ensure you have the bank routing number and account number to fund your new account.

If you don’t already have a Bankohana checking account, you’ll be prompted to open one during the account opening process.

If you’d like to take advantage of our Online Checking Promotion, remember to fund your new checking account with an initial deposit of at least $500 and make your Qualifying Direct Deposits within 60 days of account opening.

If you’d like to skip this special offer, funding requirements may vary.

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