FDIC Notice
At Bank of Hawaii, we know that part of living your happy is feeling safe and secure. It also means knowing your hard-earned money will be there when you need it. We provide options that give you federal insurance coverage on your balances, many of which also pay you interest so you can see your money grow.
As a Member FDIC financial institution, deposit accounts with Bank of Hawaii are protected with Basic FDIC insurance coverage up to $250,000 (checking, savings, certificates of deposit, and money market accounts). You may qualify for more than $250,000 in coverage if you have deposit accounts in different ownership categories such as single accounts, joint accounts, revocable trust accounts, and certain retirement accounts.
For information on insurance coverage limits on your accounts at Bank of Hawaii or how to qualify for more insurance coverage, visit the FDIC's website, https://www.fdic.gov/. The FDIC also has an easy-to-use online tool called EDIE (Electronic Deposit Insurance Estimator) to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank.
Safe and Secure
Bank of Hawaii offers many FDIC-insured account options for your personal and business needs—that come with many other features and benefits to make your banking experience seamless. To learn more, book an appointment with one of our team members.
What the FDIC Protects
Your Bank of Hawaii deposits are fully protected up to the standard deposit insurance amount—up to $250,000 per depositor, per insured bank, for each account ownership category—by the Federal Deposit Insurance Corporation (FDIC). FDIC insured accounts include checking accounts, savings accounts, certificates of deposit (CDs), money market deposit accounts, and deposits in IRAs.
Even during periods of government shutdown, this coverage remains in place because the FDIC is funded through assessments on insured institutions, not through appropriated funds.
For information on insurance coverage limits on your accounts at Bank of Hawaii or how to qualify for more insurance coverage, visit the FDIC's website, https://www.fdic.gov/. The FDIC also has an easy-to-use online tool called EDIE (Electronic Deposit Insurance Estimator) to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank.
Maximizing your FDIC insurance coverage at Bank of Hawaii
If your Bank of Hawaii deposit account balances exceed the standard insurance amount (which is currently set by the FDIC at $250,000 per depositor, per insured bank, for each ownership category), consider a combination of different account ownership categories. The most common account ownership categories are single accounts, joint accounts and revocable trusts. If you are interested in reviewing your accounts, book an appointment at one of our branches and we’ll be happy to help.
The following are potential examples of account titling to maximize your coverage:
| Account Ownership Category | Insurance up to: | |
|---|---|---|
| Customer A | Single Account | $250,000 |
| Customer A & Customer B* | Joint Account | $500,000 |
| Customer A POD/ITF** Customer B | Revocable Trust | $250,000 |
| Total insurance coverage | $1,000,000 | |
*Each account owner on a joint account is insured up to $250,000
**Customer A with Customer B as the beneficiary
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