Bankohana
Earn up to $4001 with our Bankohana checking offers!
Earn up to $4001 with a Bankohana Checking account
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 special bonus of up to $400 when you open a new Bankohana checking account online and make Qualifying Direct Deposits1.
Here’s how it works
- Choose the checking account that's right for you.
- Open your checking account with an initial deposit of at least $500.
- Make your Qualifying Direct Deposits1 within 60 days of opening your account.
- 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.
Earn $2001 with a Bankohana I Checking
- Open and fund a new Bankohana Level I account online with an initial deposit of at least $500
- Make $2,500 in total Qualifying Direct Deposits within 60 days of account opening
- Earn $200!
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 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 I Checking | 5/28/2024 HST | Online | $500 | $2,500 | $200 |
| Bankohana Level II or Level III Checking* | 3/11/2024 HST | Online OR In Branch | $500 | $3,500 | $400 |
*See Bankohana Level II and III Checking Promotion Terms and Conditions for additional details.
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 |
| Bankohana Level I | $500 | $15 (or waived with Combined Balance of $6,000) | $1 | 0.01% |
| Bankohana Level II | $500 | $20 through 9/30/24 $25 from 10/1/24 and after (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 4/1/2024 for State of Hawaii 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. 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. 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 4.55% 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 as of 7/15/2024 in the State of Hawaii and 7/16/2024 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.
Ready to open your Bankohana account?
Step 1: Choose your checking account
Step 2: Add an optional savings or CD account
Connect with a specialist
Choose from in-person or phone appointments at a time and location that’s convenient for you.
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.
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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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.
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.
If you’re an existing Bank of Hawaii customer, you'll want to enter your online banking login (or your debit card and PIN) on the next screen.