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Contents
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
- 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
How To Earn The Bonus
- 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
- 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
How To Earn 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 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.