Bank of Hawaii Review: Top-Notch Service From A Regional Bank

Bank of Hawaii has been providing financial services to the island communities since 1897. The company worth is around $20.6 billion in total assets and trades on the New York Stock Exchange.  It’s a small bank compared to the national players, but it gets high marks from industry watchers.

Apart from the basic checking and savings account, the Bank of Hawaii offers interest checking and money market accounts and certificates of deposit. Also check Bank of Hawaii hours, to know the offers of higher interest rates for paired checking and savings accounts with higher balances.

Products Offered:

Products & Key Details


Key Details

Checking Accounts

  • Debit card included
  • Accounts with interest-earning options are available

Savings Account

  • Minimum balance $300
  • Multiple account options with bonus interest rates

Money Market Account

  • Minimum balance $1000
  • Tiered interest rates

Paired Checking and Savings Accounts

  • Higher interest rates that on standard accounts
  • Minimum combined deposits totals from $6,000 (level 1) to $50,000 (level 3)

Certificate of Deposit

  • No monthly fees
  • Minimum opening deposit of $2,500

Accessibility and Branch Availability

According to its end-of-year financial results the bank has around 65 branches at the end of 2020. Branches can be found throughout the islands, including Hawaii, Kauai, Lanai, Lihue, Maui, Molokai, and Oahu. Hours may vary from branch to branch, so making a call can help you a lot.

Bank of Hawaii Fees

One of the major set back from opening a new account is its large number of fees.

Let’s take a look at some of the fees customers should be aware of :

  • Monthly maintenance: $2.50 to $30, which can be waived by meeting certain criteria
  • Overdraft: $30 each
  • Domestic wire transfers: $40 to $75 outgoing, $13 incoming
  • Cashier’s check: $12

Final Take

Bank of Hawaii has more branches and ATMs than any other bank in the state. It offers a good array of personal deposit accounts, from basic checking accounts to complicated “bonus rate” savings accounts. While rates aren’t especially high, It’s a decent option for Aloha State residents who value variety and customer service.