[HI] Bank of Hawaii $100 – $300 Checking Bonus

Update 7/12/26: Bonus is now $100-$300 (previously max was $400 but required the level 2 account). Hat tip to reader SDubbs

Offer at a glance

• Maximum bonus amount: $400
• Availability: HI
• Direct deposit required: Yes, $2,000+ – $3,500
• Additional requirements: See below
• Hard/soft pull: Unknown
• ChexSystems: Unknown
• Credit card funding: Unknown
• Monthly fees: $3.95 – $20
• Early account termination fee: 180 days, $70
• Household limit: None listed
• Expiration date: None listed

The Offer

Direct link to offer

• Bank of Hawaii is offering a bonus of up to $400 when you open a new checking account. The bonuses are as follows:
  • Earn $400 with a Bankohana III or Bankohana II account with an initial deposit of at least $500 and $3,500 in Qualifying Direct Deposits within 60 days of account opening
  • Earn $300 with a Bankohana I account with an initial deposit of at least $500 and $3,500 in Qualifying Direct Deposits within 60 days of account opening
  • Earn $100 with a Convenience Checking account with an initial deposit of at least $500 and $2,000 in Qualifying Direct Deposits within 60 days of account opening

The Fine Print

• All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

• Convenience checking ($100 bonus). $3.25 through 9/30/24 $5.00 from 10/1/24 and after
• Bankohana Level I ($300 bonus). $15 (or waived with Combined Balance of $6,000)
• Bankohana Level II ($400 bonus). $20 through 9/30/24 $25 from 10/1/24 and after (or waived with a Combined Balance of $20,000)

Early Account Termination Fee

Bankohana Accounts closed within 180 days of account opening will be assessed an early closing fee of $70

Our Verdict

The $400 bonus isn’t worth considering as you need to have $20,000 in funds to keep it fee free. The $300 bonus is worth doing especially as it’s rare to see a Hawaiian bonus.

Hat tip to Gerry

Useful posts regarding bank bonuses:

• A Beginners Guide To Bank Account Bonuses
• Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
• PSA: Don’t Call The Bank
• Introduction To ChexSystems
• Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
• What Banks & Credit Unions Do/Don’t Pull ChexSystems?
• How To Use Our Direct Deposit Page For Bank Bonuses Page
• Common Bank Bonus Misconceptions + Why You Should Give Them A Go
• How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
• Affiliate Links & Bank Bonuses – We Won’t Be Using Them
• Complete List Of Ways To Close Bank Accounts At Each Bank
• Banks That Allow/Don’t Allow Out Of State Checking Applications
• Bank Bonus Posting Times