About Bank of Hope
Bank of Hope is a California-based regional bank geared towards the Korean-American community. It operates in nine states and allows its customers to access more than 100,000 Allpoint and MoneyPass ATMs nationwide for free.
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Bank of Hope Overview
Bank of Hope is a full-service bank that offers CD, checking, money market, and savings accounts at its more than 50 branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Alabama, and Georgia. It offers highly competitive APYs on its Preferred CDs and its money market account.
| Competitive APYS on many of its CDs. | Low APYs on its checking and savings accounts. |
| Competitive APY on its money market account. | Many accounts require a higher than average minimum opening deposit. |
| Fee-free access to more than 100,000 ATMs in the Allpoint and MoneyPass networks. | Certain fees are higher than average. |
Bank of Hope Product Offerings
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Bank of Hope offers CDs with terms ranging from three months to five years. The APYs on all of its CDs are higher than the national averages of 2.60%. Here are the details for some of the bank's CD offerings for the month! and 2025:
Checking Accounts
Bank of Hope offers several different business and personal checking accounts. All of the checking accounts offer APYs that are below the national average of 0.01% for checking accounts. Here are the latest account details for September 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Bank of Hope offers a number of different business and personal money market accounts, of which one offers a competitive APY, while the rest offer APYs that are lower than the national average of 2.02%. Here are the account details for September 2025:
Savings Accounts
A savings account is an interest-bearing account that pays you interest while you save for your financial goals. Bank of Hope offers one savings account and an installment savings account that functions more like a CD. The regular savings account offers an APY in line with the national average of 1.45%. Here are the latest savings account details for September 2025:
Bank Fees
Overdraft fee: $33
Savings and Money Market Account excess withdrawals: $10
Account closure fee: None
Dormant account fee: None
Wire transfer fee: Domestic - Incoming is $10 and outgoing is $15; International - Incoming is $10 and outgoing is $20
Non-network ATM fee: None
Monthly service charge: $5-$40 depending on the account
Stop payment fee: $20(first three waived)
Paper statement fee: $3
Bank of Hope Features
Bank of Hope's customer service line is available on weekdays from 5:30 a.m. to 6 p.m. PST and on Saturdays from 6 a.m. to 1 p.m. PST. via phone. The 24-hour automated line is also available for basic account information and functions. Aside from the more than 50 branches the bank operates, it also allows fee-free access to more than 100,000 Allpoint and MoneyPass ATMs nationwide. It also offers an easy-to-use mobile app that allows customers to check balances, deposit checks, pay bills, and process Zelle transactions.
Bank of Hope FAQs
Our Take
Bank of Hope is a regional bank based out of Los Angeles, California, that is geared towards the Korean-American community. It offers a number of CDs as well as a money market account, all of which offer competitive APYs. The bank is known for giving back to the communities it serves by donating to non-profit agencies. Aside from its CDs and money market accounts and the convenience of working with a bank that might be local, there are plenty of online banks that offer APYs that are higher and don't require minimum balances to waive monthly service charges.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.