Two ways to get started
Redeeming your approved personal loan offer is easy with SimpliFi by Bank of Hawaii. With our new streamlined experience, accept your offer and you could get your money today.*
Start your redemption by logging in through one of two convenient ways:
Debit Card and Pin
Use your Bank of Hawaii debit card number and 4-digit pin
Contact Information
Use your contact information and redemption code provided to you through email or mail
Ready to redeem? Let’s go.
*For redemptions submitted online between 11PM and 6AM HST, funds may not be available until the next business day, at the latest. If you redeem at a branch, you will be funded same day.
Prefer to redeem in-branch?
If you prefer to redeem in person, visit any Bank of Hawaii branch. You can also save time by booking an appointment. Please remember to bring your government issued photo ID and redemption code.
Earn $100 with a new Convenience Checking account1
All you need to do is open a new Convenience Checking account online with $500 or your loan proceeds, and make your Qualifying Direct Deposits of at least $2,000 within 60 days of account opening.
[1] See important information
1 Eligibility
To be eligible for a new checking account bonus, you must open a new Convenience 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 |
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 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 and per customer. If an 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 bonus per customer. This offer cannot be combined with other checking promotions. Offer is subject to change 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 | $3.25 through 9/30/24 $5.00 from 10/1/24 and after |
N/A | N/A |
The variable Annual Percentage Yields (APYs) are as of 4/1/2024 for State of Hawai‘i and 4/2/2024 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.
For further details on these accounts, please see the Outline of Basic Terms & Conditions, Consumer Checking and Savings Account Fee Schedule available at a branch or at boh.com/agreements.
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Redeeming your approved personal loan is fast and easy.
You can start the redemption process through one of three convenient ways:
- Online Banking Login – Use your Bank of Hawaii online banking username and password
- Debit Card and Pin – Use your Bank of Hawaii debit card number and 4-digit pin
- Contact information – Use your contact information and redemption code provided to you through email or mail
If you prefer to redeem in person, visit any Bank of Hawaii branch. You can also save time by booking an appointment. Please remember to bring your government issued photo ID and redemption code.