Bank of Hawaii is offering new customers the opportunity to earn up to a $300 cash bonus when opening a qualifying checking account and meeting the required direct deposit requirements.
The offer is only available locally. If you’re looking for offers available nationwide, check out our top picks here—including huge offers from Chase, CIT Bank and Axos Bank that you won’t want to miss!
Bank of Hawaii Checking Bonus
Bonus Amount: Up to $300
Option 1: Earn a $300 Bonus
Open a new Bankohana Level I Checking account and complete the following requirements:
- Open the account online or at a branch.
- Make an initial opening deposit of at least $500.
- Receive $3,500 or more in qualifying direct deposits within 60 days of opening the account.
- Keep the account open and in good standing until the bonus is paid.
Option 2: Earn a $100 Bonus
Open a new Convenience Checking account online and:
- Make an initial opening deposit of at least $500.
- Receive $2,000 or more in qualifying direct deposits within 60 days of opening the account.
- Keep the account open and in good standing until the bonus is paid.
If all requirements are met, the cash bonus will be deposited into your account within 120 days of opening the account.
Trending Checking Account Deal:
Important Terms
- Offer is available only for new checking accounts.
- Limit one checking bonus per customer.
- Joint account holders are considered to have received a single bonus.
- Your account must remain open and in good standing when the bonus is paid.
- Accounts closed within 180 days are subject to an early closing fee:
- Convenience Checking: $40
- Bankohana Level I Checking: $70
- The bonus is considered taxable income and a 1099-INT may be issued.
What Counts as a Qualifying Direct Deposit?
Qualifying direct deposits generally include ACH deposits such as:
- Employer payroll
- Pension payments
- Social Security benefits
The following do not qualify:
- Initial account funding
- Venmo or PayPal transfers
- Zelle transfers
- Mobile check deposits
- ATM or teller deposits
- Internal Bank of Hawaii transfers
- Wire transfers
Monthly Fees
Convenience Checking
- $5 monthly fee
- Waived with a $500 average daily balance or at least $500 in monthly direct deposits
Bankohana Level I Checking
- $15 monthly fee
- Waived by maintaining a combined qualifying balance of $6,000
See the Best Checking & Savings Account Bonuses and Start Earning Free Cash Today
Bottom Line
The Bank of Hawaii Checking Bonus is a solid offer for anyone able to meet the direct deposit requirements. The $300 Bankohana Level I Checking bonus provides the highest payout, while the $100 Convenience Checking bonus offers a lower hurdle for customers who prefer a basic checking account. Just be sure to complete the required direct deposits within 60 days and keep your account open until the bonus is received.
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