See the latest news for Bank of Hope bonuses, promotions, and offers here.
Update 9/10/25: There’s currently a $100+ $10 Starbucks Gift Card student checking bonus valid through 9/30/25. We do recommend the Chase High School Checking or Chase College Checking accounts.
Bank of Hope Bonuses Review
Bank of Hope is headquartered in Los Angeles, California and was founded in 1986. Since then they have grown to 61 locations and they boast an A+ health rating. They offer a variety of checking features to best services their clients!
I’ll review the current Bank of Hope bonuses below.
Bank of Hope $100+ $10 Starbucks Gift Card Student Checking Bonus
- What you’ll get: $100+ $10 Starbucks Gift Card bonus
- Eligible account: Bank Simply Checking
- Where it’s available: AL, CA, IO, NJ, NY, TX, VA, WA (Bank Locator)
- Direct Deposit Required: No
- Credit Inquiry: Unknown
- Monthly fee: No monthly service fee
- How to earn it:
- Open a Bank Simply Checking account and enroll in College Banking benefits.
- Get a $100 cash bonus when you complete 10 or more debit card purchases within the first 60 days of enrollment.
- The cash bonus will be credited to your checking account within 30 days after the 60-day qualification period.
(Expires 09/30/2025)
Editor’s Note: We do recommend the Chase High School Checking or Chase College Checking accounts.
| Chase Total Checking ($300 Bonus) | KeyBank Checking ($300 bonus) |
| Bank of America Checking ($500 Bonus Offer) | SoFi Checking & Savings Account ($325 bonus) |
Fine Print
- Eligible to students ages 17-24 enrolled in college or a vocational, technical or trade school.
- Students 17 years old must open their accounts with a parent or legal guardian as an adult joint account owner.
- Get a $100 cash bonus* when you complete 10 or more debit card purchases within the first 60 days of enrollment.
- $10 Starbucks Gift Card available for a limited time only.
- Offer ends on September 30, 2025.
- Starbucks does not sponsor, endorse, approve or having any responsibility for this promotion.
- Starbucks is a registered trademark of Starbucks Coffee Company. All rights reserved.
- The content of this page is informational only.
- Account is subject to approval.
- The terms of the account, including any fees or features, are subject to change without prior notice except as required by law.
- Other fees and charges may apply.
- The account is covered by FDIC insurance up to the maximum allowed by law.
- Debit card purchases can be made with a physical or digital card.
- Limit one bonus per account per customer.
- The cash bonus will be credited to your checking account within 30 days after the 60-day qualification period.
- Eligible account must remain open and in good standing from the account opening date of your eligible account until the Bonus is paid.
- A refund credit of up to $10 for non-Bank of Hope ATM fees charged to your account per statement cycle will be applied automatically.
- Unused credit does not carry over to the next statement period.
- When the student reaches 25 years old, this benefit will be automatically removed from the account.
- Access through the Bank of Hope, Allpoint and MoneyPass networks are free; however, a fee may be charged for access through other ATM networks and may vary depending on the network provider.
- IMPORTANT TAX INFORMATION: The 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.
- Participation and enrollment in a promotional offer does not guarantee eligibility or fulfillment of the promotional offer.
Bank of Hope $500 Checking Bonus (Expired)
Open a new checking account with qualifying activities and get a $500 bonus.
- What you’ll get: $500 Bonus
- Eligible account: Personal or Business Checking
- Credit Inquiry: Unknown
- Where it’s available: AL, CA, IO, NJ, NY, TX, VA, WA
- How to earn it:
- 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
- Monthly fee: Yes can waive
(Offer expires September 30, 2021)
| Chase Private Client ($3,000 Bonus) | Fifth Third Preferred Checking ($300 Bonus) |
| KeyBank Checking ($300 bonus) | HSBC Premier Checking (Up to $3,000 Cash Bonus), |
Fine Print
- 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.
- 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.
- 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.
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Conclusion
If you live near a Bank of Hope location, you have the opportunity to earn an attractive bonus. In my opinion, the bonus is high however you need to maintain the balance requirement.
Although these bank promotions are rather generous, you can also take advantage of our list of Savings, Money Market, and CD rates.
If you don’t live in the available areas, be sure to check out our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank, Wells Fargo, Bank of America, CIT Bank, CitiBank and many more.
Feel free to comment on this post with any questions you may have about Bank of Hope, their accounts they offer, or any experiences you have had!
Check back often for more Bank of Hope Bonuses, Promotions, or Offers!
