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Home Bank Promotions

Bank of Hope: $500 Business Checking Offer [AL, CA, IL, NJ, NY, TX, VA, WA] – Ended

Tony Jay by Tony Jay
January 10, 2023 12:15 am CST
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This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Contents

  • 1 Bank of Hope Promotions Review Below
    • 1.1 [Expired] Bank of Hope $500 Business Checking Bonus
      • 1.1.1 How To Earn The Bonus
      • 1.1.2 Bottom Line
    • 1.2 [Expired] Bank of Hope $500 Personal or Business Checking Bonus
      • 1.2.1 How To Earn The Bonus
      • 1.2.2 Bottom Line
Chase Total Checking $200 Bonus Chase Total Checking $200 Bonus Chase Total Checking $200 Bonus
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Find updated Bank of Hope promotions and offers here. Typical offers range from $100-$500.

Bank of Hope was established in 1986 and is headquartered in Los Angeles, CA. They have locations in AL, CA, IL, NJ, NY, TX, VA, WA.

Read more: See promotions from Chase Bank, BMO Harris, Bank of America, TD Bank, and U.S. Bank.

Bank of Hope Promotions Review Below

[Expired] Bank of Hope $500 Business Checking Bonus

bank-of-hope-logo
  • What you’ll get: $500 plus $50 towards a basic checkbook order
  • Where it’s available: AL, CA, IL, NJ, NY, TX, VA, WA
  • How to earn it:
    • Open a new business checking account and complete the requirements to receive the bonus.
    • Eligible accounts must be opened in-person at a Bank of Hope branch
    • Maintain an average balance of at least $20,000 for the first 4 months of account opening
    • Complete the following three activities within 90 days of account opening
      • Request a debit card and make at least one debit card purchase or ATM deposit/withdrawal
      • Register for Business Online Banking
      • Enroll in e-Statements
  • When it expires: 9/30/2021
  • Compare with: Business bonus from Chase
Learn More Bank of Hope

How To Earn The Bonus

EARNING THE BONUSWAIVE THE MONTHLY FEEFINE PRINT

  • Open a new business checking account and complete the requirements to receive the bonus.
  • Eligible accounts must be opened in-person at a Bank of Hope branch
  • Maintain an average balance of at least $20,000 for the first 4 months of account opening
  • Complete the following three activities within 90 days of account opening
    • Request a debit card and make at least one debit card purchase or ATM deposit/withdrawal
    • Register for Business Online Banking
    • Enroll in e-Statements

The regular checking account has a $7 monthly fee. This is waived with a minimum daily balance of $500, or average daily balance of $1,000 during each statement is maintained.

  • “Eligible Customers” are (1) new or existing customers who do not currently have a Bank of Hope business checking account, (2) be at least 18 years old and (3) furnish or have a valid Form W-9 or Form W-8BEN on file with Bank of Hope and are not subject to backup withholding.
  • Customer who currently has a business checking account(s) is not eligible.
  • Eligible Customer must open a new checking account and enroll to participate in the Cash Bonus Offer at the time of account opening or within 30 days of account opening.
  • By enrolling in the Cash Bonus Offer, customer agrees to be bound by these Terms and Conditions. 
  • “Eligible Account” must be a business checking account opened by Eligible Customer during the Promotion Period with new money.
  • New money is defined as funds not currently on deposit with Bank of Hope.
  • Only the first checking account opened during the Promotion Period is eligible for the offer.
  • Subsequent checking account(s) opened under the same account ownership type and account title are not eligible.
  • Limit one Cash Bonus per account.
  • A new checking account opened after closing an existing checking account during the Promotion Period is not eligible for the promotion.
  • Eligible Account must remain open, and in good standing from the account opening date of your Eligible Account until the Cash Bonus is paid.
  • The Cash Bonus will be paid to your Eligible Account within six (6) months from the account opening date.
  • IMPORTANT TAX INFORMATION ($500 Cash Bonus Offer): The Cash Bonus will be reported on IRS Form 1099-INT to the primary account holder on the account, in the year received, as required by applicable law.
  • Customer is responsible for any applicable taxes.
  • Consult your tax advisor.
  • All accounts subject to applicable terms including the Bank of Hope Deposit Account Agreement, fees, and charges. Terms, conditions, and fees for accounts, products, programs are subject to change.
  • Fee may reduce earnings.
  • Accounts subject to approval.
  • Participation and enrollment in a promotional offer do not guarantee eligibility or fulfillment of the promotional offer.
  • Speak to a banker for more details.

Bottom Line

The bank previously offered the same bonus for either a personal or business checking account. It is now for businesses only and you need to maintain a daily balance of $20,000 for 4 months to earn this $500 bonus. It’s a large bonus offer with an equally large requirement.


[Expired] Bank of Hope $500 Personal or Business Checking Bonus

bank-of-hope-logo
  • What you’ll get: $500
  • Where it’s available: AL, CA, IL, NJ, NY, TX, VA, WA
  • How to earn it:
    • Eligible accounts must be opened in-person at a Bank of Hope branch
    • Maintain an average balance of at least $20,000 for the first 4 months of account opening
    • Complete the following three activities within 90 days of account opening
      • Request a debit card and make at least one debit card purchase or ATM deposit/withdrawal
      • Register for Personal Online Banking or Business Online Banking
      • Enroll in e-Statements
  • When it expires: 9/30/2021
Learn More Bank of Hope

How To Earn The Bonus

EARNING THE BONUSWAIVE THE MONTHLY FEEFINE PRINT

  • Eligible accounts must be opened in-person at a Bank of Hope branch
  • Maintain an average balance of at least $20,000 for the first 4 months of account opening
  • Complete the following three activities within 90 days of account opening
    • Request a debit card and make at least one debit card purchase or ATM deposit/withdrawal
    • Register for Personal Online Banking or Business Online Banking
    • Enroll in e-Statements

The regular checking account has a $7 monthly fee. This is waived with a minimum daily balance of $500, or average daily balance of $1,000 during each statement is maintained.

  • “Eligible Customers” are (1) new or existing customers who do not currently have a Bank of Hope personal or business checking account, (2) be at least 18 years old and (3) furnish or have a valid Form W-9 or Form W-8BEN on file with Bank of Hope and are not subject to backup withholding.
  • Customer who currently has an existing personal or business checking account(s) is not eligible.
  • Eligible Customer must open a new checking account and enroll to participate in the Cash Bonus Offer at the time of account opening or within 30 days of account opening.
  • By enrolling in the Cash Bonus Offer, customer agrees to be bound by these Terms and Conditions. 
  • “Eligible Account” must be a personal or business checking account opened by Eligible Customer during the Promotion Period with new money.
  • New money is defined as funds not currently on deposit with Bank of Hope.
  • Only the first checking account opened during the Promotion Period is eligible for the offer.
  • Subsequent checking account(s) opened under the same account ownership type and account title are not eligible.
  • Limit one Cash Bonus per account.
  • A new checking account opened after closing an existing checking account during the Promotion Period is not eligible for the promotion.
  • Eligible Account must remain open, and in good standing from the account opening date of your Eligible Account until the Cash Bonus is paid.
  • The Cash Bonus will be paid to your Eligible Account within six (6) months from the account opening date.
  • IMPORTANT TAX INFORMATION ($500 Cash Bonus Offer): The Cash Bonus will be reported on IRS Form 1099-INT to the primary account holder on the account, in the year received, as required by applicable law.
  • Customer is responsible for any applicable taxes.
  • Consult your tax advisor.
  • All accounts subject to applicable terms including the Bank of Hope Deposit Account Agreement, fees, and charges. Terms, conditions, and fees for accounts, products, programs are subject to change.
  • Fee may reduce earnings.
  • Accounts subject to approval.
  • Participation and enrollment in a promotional offer do not guarantee eligibility or fulfillment of the promotional offer.
  • Speak to a banker for more details.

Bottom Line

You need to maintain a daily balance of $20,000 for 4 months to earn this $500 bonus. Large bonus offer with an equally large requirement. Compare this offer with the best bank bonuses here.

Read more: See the best bank promotions here and the best investing promotions here.

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Tony Jay

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