FDIC-Insured Bank

Your Ideal Checking Account at American Savings Bank

American Savings Bank designs checking accounts so customers in Hawaii get clear pricing and steady support. Direct banker contact stays available, and mobile banking remains open after hours. Rates and terms are published up front, with coverage Member FDIC to $250,000.

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In short

Worth knowing

  • Yes, your deposits in American Savings Bank checking accounts are fully protected by FDIC insurance.
  • Our Kalo Deluxe checking account provides the most generous ATM fee rebates, offering up to $25 per statement cycle for foreign ATM fees charged…
  • A checking account is designed for everyday transactions like paying bills, making purchases with a debit card, and receiving direct deposits, offering easy access…
  • Your credit history isn't the primary factor when opening a standard checking account with us.

Why American Savings Bank

American Savings Bank: checking accounts built for Hawaii

American Savings Bank delivers checking accounts with hardened security, hometown service, and nonstop access. Serving customers in Hawaii since 1925. Eligible deposits remain Member FDIC up to $250,000.

ASB: 24/7 digital access

Manage your checking accounts from anywhere with American Savings Bank online and mobile banking — check balances and move money around the clock. Deposit checks or pay bills in the same session.

ASB: Competitive rates, fewer fees

Use the disclosures published by American Savings Bank at asbhawaii.us.org to compare current yields, charges, and waiver rules.

ASB: 35 branches nearby

Prefer in person? American Savings Bank keeps Hawaii, so help with your checking accounts stays nearby.

ASB: Local decisions, real people

Instead of remote ticket queues, American Savings Bank keeps lending authority in Honolulu, Hawaii. Dial +1-808-627-6900 during Customer Banking Center: (808) 627-6900 or toll-free (800) 272-2566; branch lobby hours vary across the Hawaiian Islands for a person.

Checking Account Selection Criteria

Choose based on monthly fee waivers: direct deposits ($1,000-$5,000), debit purchases, or combined balances ($10,000-$30,000). ATM fee rebates are up to $10/statement (Kalo Plus) or $25/statement (Kalo Deluxe) for foreign ATM fees. Kalo Deluxe offers 0.01% APY below $5,000 and 0.02% APY at $5,000+, effective 2026-03-01.

Account Limitations and Conditions

A $20 minimum deposit is required to open. Early direct deposit is "up to 2 days early" but not guaranteed for all payments, including government benefits. Overdraft protection is limited to transfers from an ASB savings account. ATM fee rebates are capped at $10/statement (Kalo Plus) or $25/statement (Kalo Deluxe) for foreign ATM fees only. Kalo Deluxe APY is 0.01% below $5,000 and 0.02% at $5,000+, effective 2026-03-01.

How American Savings Bank Checking Accounts Fit Your Life

Representative scenarios, not actual account holders.

  • A busy professional

    needs convenient, reliable access to their funds and faster processing for recurring income like paychecks.

    Early direct deposit can make funds available up to two days sooner, aiding budget management and timely bill payments.

  • A tech-savvy individual

    desires secure, modern payment options for everyday purchases and strong, immediate control over their debit card.

    A Visa debit card with contactless tap-to-pay, Apple Pay, and debit card freeze/unfreeze controls offers modern security and convenience.

  • A budget-conscious student

    seeks to avoid monthly account fees and easily manage their money on the go without frequent branch visits.

    Free checking eligibility with eStatements, coupled with mobile check deposit and Zelle, helps manage finances efficiently and avoid costs.

  • A frequent traveler

    requires easy access to cash nationwide through ATMs and reliable protection against accidental overdrafts while away from home.

    ATM fee rebates and access to the Allpoint surcharge-free ATM network, and overdraft protection, provide financial confidence.

At a glance

Pluses, minuses, and the fine print

Pros & advantages

  • Use the disclosures published by American Savings Bank at asbhawaii.us.org to compare current yields, charges, and waiver rules.

  • Local decisions, real people: Instead of remote ticket queues, American Savings Bank keeps lending authority in Honolulu, Hawaii.

  • Yes, your deposits in American Savings Bank checking accounts are fully protected by FDIC insurance.

Cons & watch-outs

  • A $20 minimum deposit is required to open.

  • Early direct deposit is "up to 2 days early" but not guaranteed for all payments, including government benefits.

Application materials at a glance

  • A government-issued photo ID, such as a driver license, state ID, or passport
  • Your Social Security number or ITIN
  • Home street address plus a reachable phone number or email
  • A cash or transfer amount meeting the opening balance listed for your product choice
  • If you fund by transfer, the coordinates of the sending institution

Account facts

Product facts

ATM fee rebate
Up to $10/statement (Kalo Plus) or $25/statement (Kalo Deluxe) for foreign ATM fees
Monthly account fee
Kalo Essentials $5 (waived with $1,000 direct deposits or eStatements); Kalo Plus $15 (waived with $2,500 direct deposits, 10 POS debit purchases, or $10,000 combined balances); Kalo Deluxe $25 (waived with $5,000 direct deposits or $30,000 combined balances)
Kalo Deluxe APY
0.01% APY below $5,000; 0.02% APY at $5,000+
Minimum to open
$20
sourceKind
sourced

As of 2026-03-01. Source: https://www.asbhawaii.com/personal/checking

ASB sources & references

American Savings Bank: checking accounts records with public guidance.

  1. FDIC Deposit Insurance for ASB

Open Your American Savings Bank Checking Account

Find your ideal checking account at American Savings Bank, with options like Kalo Essentials ($5), Kalo Plus ($15), or Kalo Deluxe ($25); open with just $20.

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American Savings Bank FAQ

checking accounts: what to know

Is my money in American Savings Bank checking accounts protected by FDIC insurance?

Yes, your deposits in American Savings Bank checking accounts are fully protected by FDIC insurance. This means your funds are insured up to the maximum amount allowed by law, currently $250,000 per depositor, per insured bank, for each account ownership category. This federal protection provides security for your hard-earned money. You can learn more about this coverage.

What American Savings Bank checking account offers the best free checking with ATM rebates?

Our Kalo Deluxe checking account provides the most generous ATM fee rebates, offering up to $25 per statement cycle for foreign ATM fees charged by other banks. While Kalo Deluxe has a monthly maintenance fee, it can be waived with $5,000 in direct deposits or $30,000 in combined balances. The Kalo Plus account also provides up to $10 in ATM fee rebates per statement cycle.

What's the primary difference between a checking account and a savings account?

A checking account is designed for everyday transactions like paying bills, making purchases with a debit card, and receiving direct deposits, offering easy access to your funds. A savings account, conversely, is typically for accumulating funds for future goals, often earning interest, and may have withdrawal limits. For more details on savings options, you can visit.

Does my credit history affect my eligibility to open a checking account?

Your credit history isn't the primary factor when opening a standard checking account with us. We generally focus on your banking history, such as any past issues with bounced checks or unpaid fees, rather than your credit score. We want to make banking accessible to the bank customers.

How do I use mobile check deposit with the ASB Hawaii Mobile App?

You can easily deposit checks using the ASB Hawaii Mobile App by selecting 'Deposit' and following the prompts to endorse your check, then taking photos of the front and back. It's a convenient way to add funds to your checking account without visiting a branch. Just ensure your check is properly endorsed as 'For Mobile Deposit Only at ASB'.

How can I avoid monthly maintenance fees on my Kalo checking account?

You can waive monthly maintenance fees on Kalo checking accounts by meeting specific criteria. For Kalo Essentials, it's waived with $1,000 in direct deposits or eStatements. Kalo Plus fees ($15) are waived with $2,500 in direct deposits, 10 POS debit purchases, or $10,000 in combined balances. Kalo Deluxe fees ($25) are waived with $5,000 in direct deposits or $30,000 in combined balances.

Does American Savings Bank offer checking account with early direct deposit?

Yes, American Savings Bank offers early direct deposit, allowing you to access your funds sooner. With early direct deposit, you may receive your paychecks or other eligible electronic deposits up to two days earlier than your scheduled payday. This feature provides quicker access to your money for managing your account balance.

What options are available for overdraft protection on my checking account?

American Savings Bank offers several options for overdraft protection to help you manage your checking account. You can link your checking account to a savings account or a line of credit, which can automatically transfer funds to cover transactions if your account balance falls short. This helps prevent declined transactions and associated fees.