Posted by William Charles on February 25, 2016
Bank Account Bonuses

Published on February 25th, 2016 | by William Charles

4

[Expired][HI only] American Savings Bank (ASB) Hawaii $100 In Branch Checking Bonus [New & Existing Customers]



Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Hawaii only, must open in branch [Branch locations]
  • Direct deposit required: No
  • Additional requirements: Add $5,000 in funds & make 20 debit card purchases (signature or debit)
  • Hard/soft pull: Unknown
  • Credit card funding: Unknown, doubtful due to in branch requirement
  • Monthly fees: $15-$30, waivable
  • Early account termination fee: $100, 180 days
  • Expiration date: February 29, 2016

The Offer

Direct link to offer

  • Receive a sign up bonus of $100 from ASB Hawaii when you complete the following requirements:
    • Open, or upgrade to, a new Kalo PlusSM or Kalo DeluxeSM Checking Account with $5,000 from another institution
    • Make 20 qualified VISA® Debit card purchases within 30 days

asb 100 bonus



The Fine Print

  • Offer expires 2/29/16
  • Limit of one gift per customer per new/converted account and only one account per customer is eligible
  • Cash back will be deposited into your checking account by the third week of the month following the achievement of the 20 qualifying purchases
  • If the Kalo PlusSM or Kalo DeluxeSM Checking account is closed or converted to another checking account within 180 days of opening/converting, a $100 fee will be assessed
  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Kalo Plus $15 Monthly Fee



$15 Monthly Service Fee is waived with any of the following:

  • $7,000 in combined personal monthly average deposit and/or
  • outstanding loan balances or
  • $2,500 in direct deposits per statement period

Kalo Deluxe $30 Monthly Fee

$25 Monthly Service Fee is waived with any of the following:

  • $30,000 in combined personal monthly average deposit and/or
  • outstanding loan balances or
  • $5,000 in direct deposits per statement period. Fees could reduce the earnings on the account

Early Account Termination Fee

Bonus is forfeit if closed within 180 days.

Our Verdict

Not a good deal due to how difficult it is to keep the account fee free, if you put $7,000 into a 1% account for 180 days you’d earn roughly ~$35. Put it into a 5% account and you’d earn $175. Given how small this bonus is, the monthly fees completely kill this deal unless you can fund a massive amount with a credit card. Do one of these bonuses instead.

Useful posts regarding bank bonuses:



4 Responses to [Expired][HI only] American Savings Bank (ASB) Hawaii $100 In Branch Checking Bonus [New & Existing Customers]

  1. Justin says:

    where are you Presley?

    • P says:

      I’m here. Why?

      I saw this on twitter, but doesn’t seem like a good deal. Just look at the “Avoiding Fees” section above

  2. Justin says:

    because it is HI only

Leave a reply

Your email address will not be published. Required fields are marked *. Please do not share your referral links/codes unless the post specifically states it's allowed. If the post states it is allowed please follow the rules carefully. If you'd like an image next to your comments please create a gravatar. Most of all please be kind and respectful to each other. 

Last Posts


Back to Top ↑