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Bank of Hawaii

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
1.20%5-year CD60 - 96 Month TDA
0.15%1-year CD365 Day TDA
0.02%SavingsRegular Savings Online Accounts (State of Hawaii only)

Overview / Commentary
808-694-4773
111 South King Street
Honolulu, HI 96813

Bank of Hawaii is the primary subsidiary of Bank of Hawaii Corporation, a regional financial services company. Bank of Hawaii Corporation and its subsidiaries provide varied financial services to businesses, consumers and governments in Hawaii, American Samoa and the Pacific Islands. The company is listed on the New York Stock Exchange as "BOH." In the community, Bank of Hawaii is also affectionately known as "Bankoh."

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Reviews (2)

Just the average bank.

Posted by: Jwisner | Apr 28, 2015

Like many local banks what they do more than the big banks is provide great customer service. My first experience with them was for a checking account. I was looking for one that provided an interest rate like anyone else in the world but they didnt provide one. They did give me free check though and was also set up with a savings account because they had an offer of a free $50 credit to my account if I opened one so why not! Their mobile app is not very good. It reminds me of websites back when the web first came out in the 1990's. As soon as I had seen how outdated the fonts and other graphics were I was immediately turned away and have never used it since. People associate old and outdated software with something that doesn't work or that they didn't really don't care to give you a good product.

Lawsuit Claims Bank Of Hawaii Rearranged Debit Card Transactions To Maximize Overdrafts

Posted by: wayward | Feb 17, 2011

Lawsuit claims Bank of Hawaii rearranged debit card transactions to maximize overdrafts

 

http://www.staradvertiser.com/business/20110217_Bankoh_accused_of_manipulating_fees.html

Bank of Hawaii has been sued by customers alleging the bank used "unfair and deceptive overdraft fee practices."

The complaint, filed as a class action Tuesday in state Circuit Court on behalf of Honolulu residents Lodley and Tehani Taulava, accuses Bank of Hawaii of engaging in a systematic policy of re-ordering debit card transactions from highest dollar amount to lowest dollar amount. The suit said this practice allowed the bank to deplete the customer's available funds as quickly as possible while maximizing the number of overdraft fees.

Bank of Hawaii spokes-man Stafford Kiguchi said yesterday that the bank changed its policy last month and now generally posts transactions from lowest dollar amount to highest. "This minimizes overdraft fees paid by customers," Kiguchi said.

The suit cited an example involving the Taulavas in which they were charged four overdraft fees of $26 each, or a total of $104, from debits that were posted on the same day (Aug. 18, 2010). The Taulavas had five transactions that day, including an ATM withdrawal, totaling $115.11. The debits were processed from highest to lowest. The suit said that if the bank had processed the transactions from lowest to highest or chronologically (based on time of day), the Taulavas would have been assessed only one overdraft fee of $26.

"Banks should not be allowed to gouge customers by unfairly manipulating the manner in which transactions are posted and overdrafts are charged," said John Perkin, a partner with Perkin & Faria LLLC, which represents the plaintiffs. "Such practices make it more difficult for thousands of Hawaii families to make ends meet. We are continuing to investigate other banks in Hawaii."

Kiguchi said the bank is aware of customers' concerns about overdraft fees. He said that until the bank changed its policy that this had been a common practice based on the belief that the higher debits were someone's mortgage, tuition or car payments.

Kiguchi said there are also many other ways customers can avoid overdraft fees.

"To ensure that customers know how much money they have to spend without overdrawing their account, Bank of Hawaii provides account balances through Internet banking, mobile banking, Bankoh by Phone and at ATMs," Kiguchi said.

"The bank provides ways to avoid having transactions denied and offers customers the ability to avoid overdrafts by linking a line of credit or savings account to their checking account."

This is the first such lawsuit against a Hawaii bank, but several mainland banks were recently sued over similar practices, Perkin & Faria said in a news release.

In August 2010, a California judge awarded Wells Fargo customers in that state $203 million in damages related to the bank's overdraft fee practices. Last month, a judge in Washington, D.C., approved a settlement in which National City Bank agreed to pay its customers $12.5 million. Earlier this month, Bank of America agreed to pay its customers $410 million.

The three mainland firms that are assisting Perkin & Faria in the Honolulu suit — Tycko & Zavareei LLP, Kopelowitz Ostrow and Chitwood Harley Harnes LLP — also were involved in one or all of those other recent settlements.



Health
B+

Health Grade Components

Overall
FDIC Certificate #18053
Year Established1897
Employees2136
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.21%
Return on Equity - YTD17.79%
Annual Interest Income$231.4MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$15.89B$15.31B
LoansQ2 2016vs Q2 2015$8.33B$7.34B
DepositsQ2 2016vs Q2 2015$13.70B$13.15B
Equity CapitalQ2 2016vs Q2 2015$1.09B$1.01B
Loan Loss AllowanceQ2 2016vs Q2 2015$103.9MM$106.0MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$23.3MM$36.8MM
Real Estate OwnedQ2 2016vs Q2 2015$1.7MM$2.0MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Hawaii Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$100k*-Bankohana Bonus Rate Savings Plus - Combined Variable
OTHER TIERS: 0.09% Up to $10k | 0.10% $10k - $25k | 0.12% $25k - $100k
0.11%*$100k*-Bankohana Bonus Rate Savings - Combined Variable
OTHER TIERS: 0.05% Up to $10k | 0.06% $10k - $25k | 0.08% $25k - $100k
0.11%*$100k*-Bonus Rate Savings - Combined Variable
OTHER TIERS: 0.05% Up to $10k | 0.06% $10k - $25k | 0.08% $25k - $100k
0.11%*$100k*-Bonus Rate Savings Online Accounts (State of Hawaii only) - Combined Variable
OTHER TIERS: 0.05% Up to $10k | 0.06% $10k - $25k | 0.08% $25k - $100k
0.08%--Bankohana Bonus Rate Savings Plus - Bonus Variable
0.07%*$100k*-Bankohana Bonus Rate Savings - Regular Variable
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.04% $25k - $100k
0.07%*$100k*-Bankohana Bonus Rate Savings Plus - Regular Variable
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.04% $25k - $100k
0.07%*$100k*-Bonus Rate Savings - Regular Variable
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.04% $25k - $100k
0.07%*$100k*-Bonus Rate Savings Online Accounts (State of Hawaii only) - Regular Variable
OTHER TIERS: 0.01% Up to $10k | 0.02% $10k - $25k | 0.04% $25k - $100k
0.05%*$100k*-Bonus Rate Savings - Bonus Variable
OTHER TIERS: 0.04% Up to $100k
0.04%--Bankohana - Level II Savings
0.04%--Bankohana Bonus Rate Savings - Bonus Variable
0.04%--Bonus Rate Savings Online Accounts (State of Hawaii only) - Bonus Variable
0.04%--Bankohana - Level III Savings
0.03%--Retirement Savings
0.03%--Bankohana Retirement Savings
0.02%--Regular Savings
0.02%--Kids Only Savings
0.02%--Bankohana - Level I Savings
0.02%--Regular Savings Online Accounts (State of Hawaii only)

Bank of Hawaii Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$1m*-Bankohana - Level II Money Market Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.04% $2,500 - $10k | 0.06% $10k - $25k | 0.07% $25k - $100k | 0.08% $100k - $1mm
0.10%*$1m*-Bankohana - Level III Money Market Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.04% $2,500 - $10k | 0.06% $10k - $25k | 0.07% $25k - $100k | 0.08% $100k - $1mm
0.10%*$1m*-Bankohana - Cash Advantage Money Market Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.04% $2,500 - $10k | 0.06% $10k - $25k | 0.07% $25k - $100k | 0.08% $100k - $1mm
0.09%*$1m*-Money Market Savings
OTHER TIERS: 0.02% Up to $2,500 | 0.03% $2,500 - $10k | 0.05% $10k - $25k | 0.06% $25k - $100k | 0.07% $100k - $1mm
0.09%*$1m*-Bankohana - Level I Money Market Savings
OTHER TIERS: 0.02% Up to $2,500 | 0.03% $2,500 - $10k | 0.05% $10k - $25k | 0.06% $25k - $100k | 0.07% $100k - $1mm

Bank of Hawaii Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$50k*-Bankohana - Level III Checking
OTHER TIERS: 0.02% Up to $5k | 0.03% $5k - $10k | 0.04% $10k - $50k
0.05%*$50k*-Bankohana Cash Advantage Checking (State of Hawaii only)
OTHER TIERS: 0.02% Up to $5k | 0.03% $5k - $10k | 0.04% $10k - $50k
0.03%*$10k*-Bankohana - Level II Checking
OTHER TIERS: 0.02% Up to $10k
0.02%--Personal Money Management Checking
0.02%--55+ Checking
0.02%--Bankohana - Level I Checking

Bank of Hawaii CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$500k*-60 - 96 Month Jumbo TDA
OTHER TIERS: 1.30% $100k - $250k | 1.35% $250k - $500k
1.40%*$500k*-Business 60 - 96 Month Jumbo TDA
OTHER TIERS: 1.30% $100k - $250k | 1.35% $250k - $500k
1.40%*$500k*-Bankohana 60 - 96 Month Jumbo TDA
OTHER TIERS: 1.30% $100k - $250k | 1.35% $250k - $500k
1.40%*$500k*-Business Bankohana 60 - 96 Month Jumbo TDA
OTHER TIERS: 1.30% $100k - $250k | 1.35% $250k - $500k
1.25%$2,500$100kBankohana 60 - 96 Month TDA
1.25%$2,500$100kBusiness Bankohana 60 - 96 Month TDA
1.20%$2,500$100k60 - 96 Month TDA
1.20%$2,500$100kBusiness 60 - 96 Month TDA
0.95%*$500k*-48 - 59 Month Jumbo TDA
OTHER TIERS: 0.85% $100k - $250k | 0.90% $250k - $500k
0.95%*$500k*-Business 48 - 59 Month Jumbo TDA
OTHER TIERS: 0.85% $100k - $250k | 0.90% $250k - $500k
0.95%*$500k*-Bankohana 48 - 59 Month Jumbo TDA
OTHER TIERS: 0.85% $100k - $250k | 0.90% $250k - $500k
0.95%*$500k*-Business Bankohana 48 - 59 Month Jumbo TDA
OTHER TIERS: 0.85% $100k - $250k | 0.90% $250k - $500k
0.75%$2,500-Bankohana 48 - 59 Month TDA
0.75%$2,500-Business Bankohana 48 - 59 Month TDA
0.70%$2,500-48 - 59 Month TDA
0.70%$2,500-Business 48 - 59 Month TDA
0.65%*$500k*-36 - 47 Month Jumbo TDA
OTHER TIERS: 0.55% $100k - $250k | 0.60% $250k - $500k
0.65%*$500k*-Business 36 - 47 Month Jumbo TDA
OTHER TIERS: 0.55% $100k - $250k | 0.60% $250k - $500k
0.65%*$500k*-Bankohana 36 - 47 Month Jumbo TDA
OTHER TIERS: 0.55% $100k - $250k | 0.60% $250k - $500k
0.65%*$500k*-Business Bankohana 36 - 47 Month Jumbo TDA
OTHER TIERS: 0.55% $100k - $250k | 0.60% $250k - $500k
0.50%$2,500-Bankohana 36 - 47 Month TDA
0.50%$2,500-Business Bankohana 36 - 47 Month TDA
0.45%$2,500-36 - 47 Month TDA
0.45%$2,500-Business 36 - 47 Month TDA
0.45%*$500k*-24 - 35 Month Jumbo TDA
OTHER TIERS: 0.35% $100k - $250k | 0.40% $250k - $500k
0.45%*$500k*-Business 24 - 35 Month Jumbo TDA
OTHER TIERS: 0.35% $100k - $250k | 0.40% $250k - $500k
0.45%*$500k*-Bankohana 24 - 35 Month Jumbo TDA
OTHER TIERS: 0.35% $100k - $250k | 0.40% $250k - $500k
0.45%*$500k*-Business Bankohana 24 - 35 Month Jumbo TDA
OTHER TIERS: 0.35% $100k - $250k | 0.40% $250k - $500k
0.35%$2,500-Bankohana 24 - 35 Month TDA
0.35%$2,500-Business Bankohana 24 - 35 Month TDA
0.30%$2,500-24 - 35 Month TDA
0.30%$2,500-Business 24 - 35 Month TDA
0.30%*$500k*-365 Day Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-13 -23 Month Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Business 365 Day Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Business 13 -23 Month Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Bankohana 365 Day Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Business Bankohana 365 Day Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Bankohana 13 -23 Month Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.30%*$500k*-Business Bankohana 13 -23 Month Jumbo TDA
OTHER TIERS: 0.25% $100k - $500k
0.25%$2,500-13 - 23 Month TDA
0.20%$2,500-Bankohana 365 Day TDA
0.20%$2,500-Bankohana 13 - 23 Month TDA
0.20%$2,500-Business Bankohana 365 Day TDA
0.20%$2,500-Business Bankohana 13 - 23 Month TDA
0.15%$2,500-365 Day TDA
0.15%$2,500-Business 365 Day TDA
0.15%$2,500-Business 13 - 23 Month TDA
0.10%$2,500-Bankohana 180 - 364 Day TDA
0.10%$2,500-Business Bankohana 180 - 364 Day TDA
0.10%$100k-180 - 209 Day Jumbo TDA
0.10%$100k-210 - 269 Day Jumbo TDA
0.10%$100k-270 - 364 Days Jumbo TDA
0.10%$100k-Business 180 - 209 Day Jumbo TDA
0.10%$100k-Business 210 - 269 Day Jumbo TD
0.10%$100k-Business 270 - 364 Days Jumbo TDA
0.10%$100k-Bankohana 180 - 209 Day Jumbo TDA
0.10%$100k-Business Bankohana 180 - 209 Day Jumbo TDA
0.10%$100k-Bankohana 210 - 269 Day Jumbo TDA
0.10%$100k-Business Bankohana 210 - 269 Day Jumbo TD
0.10%$100k-Bankohana 270 - 364 Days Jumbo TDA
0.10%$100k-Business Bankohana 270 - 364 Days Jumbo TDA
0.05%$2,500-180 - 364 Day TDA
0.05%$25k-Bankohana 7 - 31 Day TDA
0.05%$2,500-Bankohana 32 - 90 Day TDA
0.05%$2,500-Bankohana 91 - 179 Day TDA
0.05%$25k-Business Bankohana 7 - 31 Day TDA
0.05%$2,500-Business Bankohana 32 - 90 Day TDA
0.05%$2,500-Business Bankohana 91 - 179 Day TDA
0.05%$2,500-Business 180 - 364 Day TDA
0.05%$100k-7 - 31 Day Jumbo TDA
0.05%$100k-32 - 59 Day Jumbo TDA
0.05%$100k-60 - 90 Day Jumbo TDA
0.05%$100k-91 - 119 Day Jumbo TDA
0.05%$100k-120 - 149 Day Jumbo TDA
0.05%$100k-150 - 179 Day Jumbo TDA
0.05%$100k-Business 7 - 31 Day Jumbo TDA
0.05%$100k-Business 32 - 59 Day Jumbo TDA
0.05%$100k-Business 60 - 90 Day Jumbo TDA
0.05%$100k-Business 91 - 119 Day Jumbo TDA
0.05%$100k-Business 120 - 149 Day Jumbo TDA
0.05%$100k-Business 150 - 179 Day Jumbo TDA
0.05%$100k-Bankohana 7 - 31 Day Jumbo TDA
0.05%$100k-Business Bankohana 7 - 31 Day Jumbo TDA
0.05%$100k-Bankohana 32 - 59 Day Jumbo TDA
0.05%$100k-Business Bankohana 32 - 59 Day Jumbo TDA
0.05%$100k-Bankohana 60 - 90 Day Jumbo TDA
0.05%$100k-Business Bankohana 60 - 90 Day Jumbo TDA
0.05%$100k-Bankohana 91 - 119 Day Jumbo TDA
0.05%$100k-Business Bankohana 91 - 119 Day Jumbo TDA
0.05%$100k-Bankohana 120 - 149 Day Jumbo TDA
0.05%$100k-Business Bankohana 120 - 149 Day Jumbo TDA
0.05%$100k-Bankohana 150 - 179 Day Jumbo TDA
0.05%$100k-Business Bankohana 150 - 179 Day Jumbo TDA
0.03%$2,500-32 - 90 Day TDA
0.03%$2,500-91 - 179 Day TDA
0.03%$25k-7 - 31 Day TDA
0.03%$25k-Business 7 - 31 Day TDA
0.03%$2,500-Business 32 - 90 Day TDA
0.03%$2,500-Business 91 - 179 Day TDA

Bank of Hawaii IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.55%$1k-6 Year IRA TD
0.25%$1k-3 Year IRA TD
0.10%$25-18 Month Add-On IRA TD
0.05%$1k-6 Month IRA TD
Locations

Bank of Hawaii has 68 locations. Click to view all Bank of Hawaii locations.