Bankohana

Checking, Savings, and Certificate of Deposit (CD)*

Enjoy exclusive benefits with Bankohana.

Make the most of your hard-earned money with Bankohana, our premier family of accounts. 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.

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Earn $400 with a new Bankohana checking account.

Right now, you can earn $400 when you open a new Bankohana II or III checking account with a Qualifying Direct Deposit.1

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[1] See important information

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 accurate 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 $20 Monthly Service Fee. 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.

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

Level II

  • Enjoy Level I benefits, plus additional Level II Bankohana benefits
  • $500 minimum opening deposit
  • Waived monthly service fee with $20,000 in combined Bankohana balances2

Level III

  • Enjoy Level II benefits, plus additional Level III Bankohana benefits
  • $500 minimum opening deposit
  • Waived monthly service fee with $50,000 in combined Bankohana balances2

[2] See important information

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. Choose a savings account, CD*, or both. As a preferred customer, these balances work towards your combined monthly balance requirement.

Bankohana Bonus Rate Savings3

  • Active savers can earn bonus interest in addition to regular interest
  • $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

Bankohana CD3

  • Maximize your savings with preferred Bankohana CD rates
  • Earn 4.60% APY6 on a 6-month Bankohana CD Special account opened online with a minimum balance and qualifying deposit of $5,000 or more7

[3, 4, 5, 6, 7] 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 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.

5 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.

6 An early withdrawal penalty may be imposed if withdrawal occurs before maturity. Fees may reduce earnings on the account. CDs automatically renew on the maturity date for the same term at the rate then in effect for accounts of the same type, amount and term. Annual Percentage Yield (APY) are accurate as of 2/15/2024 in the State of Hawaii and 2/16/2024 in Guam, Saipan, and Palau and are subject to change without notice. Opening date and effective rate (corresponding APY) are based on when funds are received. Rates not applicable to retirement accounts. Some restrictions apply.

7 CD account must be opened online with a minimum qualifying deposit of $5,000 from another financial institution. For a CD opened online, the entire qualifying deposit must be funded from an external financial institution and is limited to amounts less than $100,000.

Connect with a specialist

Choose from in-person or phone appointments at a time and location that’s convenient for you.

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Contact our local experts

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.

How do I fund my CD account online?

There are two methods to fund your CD 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.

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.

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Opening an account is fast and easy.

CD Specials must be entirely funded from another financial institution when opened online. The rate applied to your CD special is based on the published rate in effect on the day we receive your opening deposit. Based on the funding method you choose that can take up to 2-3 days.

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.