Best bank in Hawaii—choosing the right bank is essential for anyone looking to manage their finances in this unique state. Whether you’re a local resident or just visiting, having the right financial partner can make all the difference.
From low fees to exceptional customer service, the best bank should offer more than just basic banking. It should cater to the unique needs of island life and help you navigate Hawaii’s distinct economic landscape.
So, what sets the top banks apart? Keep reading to discover the best options and find the one that’s right for your financial goals in Hawaii.
Key Features to Look for in the Best Bank in Hawaii
Before diving into specific banks, let’s discuss what makes a bank the best bank in Hawaii. Several factors come into play when choosing a financial institution:
- Customer Service: High-quality customer service is essential. Look for banks that offer support in person, online, and through phone services.
- Branch Availability: In Hawaii, some areas are more remote than others. A bank with multiple branches across the islands can be more accessible.
- ATM Access: With Hawaii’s islands being spread out, having easy access to ATMs is crucial, especially if you live in a more rural area.
- Fees: Keep an eye out for low fees or fee-waivers for services like account maintenance, transfers, and ATM withdrawals.
- Digital Banking: As technology evolves, having access to online and mobile banking becomes a major convenience. The best bank in Hawaii should have a robust mobile app and online banking services.
- Financial Products: Depending on your needs, the best bank in Hawaii for you might offer better mortgage rates, personal loans, business accounts, or savings plans.
Top Banks in Hawaii to Consider
Several banks stand out in Hawaii for their comprehensive services and customer satisfaction. Let’s look at the top contenders that are frequently recognized as the best bank in Hawaii.
1. First Hawaiian Bank
First Hawaiian Bank (FHB) is one of the oldest and largest banks in Hawaii, offering a wide range of services. Established in 1858, FHB has deep roots in the state, making it a trusted choice for both locals and newcomers. Its commitment to the community is evident in its numerous charity programs and local initiatives.
Why choose First Hawaiian Bank?
- Branch Network: FHB has branches in key areas across the islands, making it convenient for residents and businesses alike.
- Financial Products: From checking and savings accounts to mortgages, business loans, and investment services, FHB provides a full suite of financial products.
- Customer Service: Known for its excellent customer service, FHB ensures a personalized banking experience, especially with its concierge services.
With its long history and range of services, First Hawaiian Bank is often considered the best bank in Hawaii for those looking for reliability and community-oriented banking.
2. Bank of Hawaii
Bank of Hawaii (BOH) is another major player in the Hawaiian banking scene. Founded in 1897, it has an established presence throughout the state. The bank has earned a reputation for its strong customer service and deep local knowledge, making it an attractive option for anyone seeking a long-term banking relationship.
Why choose Bank of Hawaii?
- Comprehensive Financial Services: Bank of Hawaii offers everything from basic checking accounts to wealth management and investment services.
- Technology: BOH’s online and mobile banking services are highly rated, providing customers with the convenience of banking from anywhere.
- Personalized Service: The bank’s branch locations are known for their friendly, professional staff, who offer expert advice tailored to the unique financial needs of Hawaii residents.
Whether you’re managing personal finances or running a small business, Bank of Hawaii is often seen as the best bank in Hawaii for customers who value both innovation and a personalized approach.
3. Central Pacific Bank
Central Pacific Bank (CPB) is a local bank that has built its reputation on customer satisfaction and a strong commitment to the Hawaiian community. Since its inception in 1954, CPB has focused on providing exceptional service and making banking accessible to Hawaii’s residents.
Why choose Central Pacific Bank?
- Accessibility: CPB’s presence in Hawaii is strong, with branches in many communities, including remote areas that are often underserved by larger banks.
- Flexible Products: CPB offers a variety of banking products designed to suit different lifestyles, from home loans to savings accounts.
- Community Involvement: CPB is known for its support of local causes, and this dedication to the community strengthens its relationship with customers.
For those who prefer working with a bank that understands the needs of local communities, Central Pacific Bank stands out as the best bank in Hawaii.
4. American Savings Bank
American Savings Bank (ASB) has been serving Hawaii for over 90 years. It is a smaller institution compared to some of the others but has earned a loyal customer base through its strong commitment to providing affordable banking options.
Why choose American Savings Bank?
- Low Fees: ASB is known for offering accounts with low fees and easy-to-understand terms, making it an attractive option for individuals looking to save money.
- Customer Care: The bank provides highly rated customer service, with helpful staff and a focus on making banking simple.
- Community Focus: Like other Hawaiian banks, ASB is deeply involved in local community projects and initiatives.
For residents who are looking for a bank that offers low-cost solutions and a focus on local needs, American Savings Bank can be considered the best bank in Hawaii.
Other Notable Banks in Hawaii
While the banks mentioned above are the most widely recognized, several other institutions also provide excellent banking services in Hawaii. These include:
- Hawaiian Financial Federal Credit Union: A credit union option for those who prefer member-owned financial institutions with competitive rates and personalized services.
- Territorial Savings Bank: A local bank with a range of products, including loans and savings accounts tailored to Hawaii residents.
- Honolulu Federal Credit Union: Another credit union that is known for its community-focused approach and great customer service.
Conclusion: What is the Best Bank in Hawaii?
When deciding on the best bank in Hawaii, the right choice depends on your personal needs and preferences. For residents who value history, a wide array of services, and community engagement, banks like First Hawaiian Bank, Bank of Hawaii, and Central Pacific Bank often rise to the top.
However, smaller institutions like American Savings Bank and local credit unions might also be great options if you are seeking low fees or more personalized attention.
Ultimately, the best bank in Hawaii is one that offers the services you need, with a focus on excellent customer care and understanding of the local community.
Take your time to evaluate your options, compare fees, interest rates, and the convenience of branches and ATMs, and choose a bank that makes managing your finances a smooth experience.
