EASE by Bank of Hawaii: Outline of Basic Terms & Conditions
Learn how and when fees are assessed for EASE by Bank of Hawaii.
Exclusive to Bank of Hawaii Employees
GROW Account
A simple way to grow your savings
At Bank of Hawaii, we strive to offer you innovative financial solutions that help you grow your financial wellness. One of these ways is through a special offer that helps you jump start your savings.
A simple way to grow your savings
Step 1: Open a GROW account and make a minimum opening deposit of $25.
Step 2: Start saving.
Step 3: Get rewarded!
When you save $500, you'll get a one-time reward of $50 into your GROW account. Save $1,000, and you'll receive an additional one-time reward of $100. See full terms and conditions.
If you’re an existing Bank of Hawaii customer, please enter your online banking login (or your debit card and PIN) when opening the account.
Frequently asked questions
Do I need to open a new account to get this reward?
Yes: this reward is exclusive to the EASE by Bank of Hawaii GROW Account and will not be deposited into any other account or paid in cash.
For employees who already have an EASE account and who would like to participate in the GROW program, please set up a new EASE by Bank of Hawaii GROW Account (it comes with a white card), and is designated specifically for the emergency rainy day fund reward.
May I open up a joint GROW account?
The Ease by Bank of Hawaii Grow Account can only be set up through the BOH portal in the employee’s name as a sole account.
When is the reward deposited into my EASE GROW account?
Rewards will be deposited to GROW accounts in August and February. Please note that you must be a BOH employee at the time the deposit is made.
Is this a one-time payment?
Yes, you will receive a one-time reward of $50 when you save $500, and an additional one-time reward of $100 when you save $1,000. The total possible amount of the reward is $150. If you save $1,000 before the $50 reward is deposited for saving $500, you will receive the entire one-time reward of $150.
Do I get more if I save more (i.e. $2,000)?
At this time, there is no additional reward for savings over the $1,000. You will receive a one-time reward of $50 when you save $500, and an additional one-time reward of $100 when you save $1,000. The total possible amount of the reward is $150. There are no additional rewards for saving more.
Do I get taxed on the reward amounts that are deposited to my GROW Account?
The reward amounts deposited to your GROW Account are considered compensation and you are responsible for the taxes. However, Bank of Hawaii will ‘gross up’ the reward and pay you additional monies to cover the taxes.
Take charge of your financial health
Our Financial Health Tracker creates a personalized Financial Health Score - broken down into four key areas: Spending, Saving, Borrowing, and Planning. Based on your score, you receive useful tips to help you make progress where you need it most.
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Opening an account is fast and easy.
By proceeding to open a GROW Account, the Eligible Employee is certifying that they have read and understand these Terms and Conditions and Agreement, and meet all eligibility requirements and authorize the sharing of GROW Account Information with Employer.
If you’re an existing Bank of Hawaii customer, please enter your online banking login (or your debit card and PIN) on the next screen.
