Bank of Hawaii of First Hawaiian Bank?

[HankDfrmSD]

Originally Posted by SurfinGirl

Anyone have any particular preference? Or words of advice?

Thanks!

First Hawaiin has a practice that really burns me, though not quite enough to move, so far.

If you use on-line banking, when you send an on-line check to someone, FHB takes the money out of your account and puts it in theirs on the day you write the check on line, and the bank writes the check to the payee from their account. They have the use of the money while it is in the mail, and until the check is cashed and returned to them. If the check is NEVER cashed, they put the money back in your account after a year has passed.

I fear BOH has the same practice (anyone know?), so I haven't gotten mad enough to move.

In an on-line account I have with a California bank, the money stays in my account until the payee cashes it (or deposits it) and the check gets back to my bank. just like a regular paper check.

Hank

[taysantanamama]

Originally Posted by HankDfrmSD

First Hawaiin has a practice that really burns me, though not quite enough to move, so far.

If you use on-line banking, when you send an on-line check to someone, FHB takes the money out of your account and puts it in theirs on the day you write the check on line, and the bank writes the check to the payee from their account. They have the use of the money while it is in the mail, and until the check is cashed and returned to them. If the check is NEVER cashed, they put the money back in your account after a year has passed.

I fear BOH has the same practice (anyone know?), so I haven't gotten mad enough to move.

In an on-line account I have with a California bank, the money stays in my account until the payee cashes it (or deposits it) and the check gets back to my bank. just like a regular paper check.

Hank

Actually, I think that may be pretty common. I used to work for a phone company and never heard of this until many customers using online billpay services with many different banks mentioned this. FYI, too, it seems to take an average of about 10 days from the time you make the payment until companies get the payment, I have had to turn of many a phone because of this, so if you are cutting it close, or are already late on your bills, you might have consequences.