Posted by William Charles on January 12, 2019

Published on January 12th, 2019 | by William Charles


[HI] First Hawaiian Bank $150-$300 Savings Bonus, Direct Deposit Not Required

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Must be a resident of Hawaii, Guam or the Commonwealth of the Northern Mariana Islands (CNMI)
  • Direct deposit required: No
  • Additional requirements: Deposit $15,000-$30,000
  • Hard/soft pull: Unknown
  • ChexSystems: Unknown
  • Credit card funding: Unknown
  • Monthly fees: $15, avoidable
  • Early account termination fee: $75, 180 days
  • Household limit: None listed
  • Expiration date: February 28th, 2019

The Offer

Direct link to offer

  • First Hawaiian Bank is offering a bonus of $300 when you open or upgrade to a Priority Banking Checking account with $30,000 from another financial institution. You can also get $150 with a deposit of $15,000.

The Fine Print

  • Priority Banking: Open or upgrade to Priority Banking with a minimum opening deposit of $30,000 drawn from another financial institution, by February 28, 2019, to receive a $300 statement credit (or $150 statement credit for $15,000 minimum opening deposit drawn from another financial institution).
  • Accounts closed or converted out of Priority Banking within 180 days will be assessed a $75 charge.
  • The statement credit will be completed the month following the qualifications being met.
  • The rates may change after the account is opened/upgraded. Limit of one statement credit per offer or account.
  • Business and corporate accounts do not qualify for this offer.
  •  These offers cannot be combined with any other discounts, offers or promotions.
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The easiest account to keep fee free is the priority banking 1 account. This has a $15 monthly fee, this is waived with a combined balance of $6,000.

Early Account Termination Fee

If the account is closed or converted within 180 days a $75 charge will be assessed.

Our Verdict

Doesn’t seem like there is a minimum deposit length for the $150/$300 bonuses, keep in mind the account does need to be kept open for 180 days to avoid the early account termination fee. Still keeping $6,000 in the account for half a year for a $300 bonus seems like a good deal, assuming it’s a soft pull to open and that you have the initial liquid funds required. As always, please share your experiences with this bonus in the comments below.

Hat tip to Maximizing Money

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Thanks doc, I’ll check this out.


Wow, tough residency requirement to be a resident of HI, Guam, AND the Mariana Islands! 😉


It seems easy to get. I’ll go in branch and ask questions.


FYI, you’ll lose at least $75 due to the 180 day requirement.

carl wilson
carl wilson

Would someone who is a resident of another state, but owns property in Hawaii, qualify for this account/bonus?


be that data point my friend, let us know


I was told that cumulative deposits will work, but they must post within 2 weeks of opening the acct. You also need to apply in-branch for Priority Banking accts, in general. It seems like you can apply online, but your application won’t be considered complete until you go into a branch.

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