What You Need to Open an Account at American Savings Bank
American Savings Bank requires a government-issued photo ID, a Social Security number or ITIN, and an initial deposit to open a checking account. The bank operates primarily in Hawaii, so you can open an account in person at any branch, by phone, or online through their website. The initial deposit amount varies by account type — some accounts require $100 to $500 to start, while others have no minimum.
You will also need a current mailing address. If you are opening the account online or by phone, the bank will verify your identity using information from credit bureaus and public records. Bring your ID and Social Security card (or ITIN documentation) to a branch if you prefer to open the account face-to-face, which can be faster for questions about which account type fits your needs.
Key Takeaways
- American Savings Bank checking accounts require a government photo ID, Social Security number or ITIN, and an initial deposit ranging from $0 to $500 depending on the account.
- You can open an account online, by phone, or in person at any Hawaii branch, and the process typically takes 10 to 15 minutes.
- The bank offers several checking account types with different fee structures and minimum balance requirements, so compare them before you choose.
- Once your account is open, you can request a debit card at the branch or through online banking, which usually arrives within 7 to 10 business days.
Opening an Account Online or by Phone
American Savings Bank's online account opening process starts on their website under the "Open an Account" section. You will enter your personal information, Social Security number, date of birth, and current address. The bank uses this data to verify your identity through third-party databases. The entire process takes about 10 to 15 minutes, and you do not need to visit a branch.
If you prefer to open an account by phone, call American Savings Bank's customer service line and ask to speak with someone about opening a checking account. They will walk you through the same verification process and can answer questions about which account type suits your situation. After approval, you will receive instructions on how to make your initial deposit, usually by transfer from another bank account or by mailing a check.
Online and phone applications are approved the same day in most cases. You will receive a confirmation email with your account number and temporary access to online banking. Your debit card will be mailed to your address within 7 to 10 business days.
Opening an Account in Person at a Branch
Visiting an American Savings Bank branch in Hawaii is the fastest way to open an account if you need immediate access to a debit card or have questions about account features. Bring your government-issued photo ID (driver's license, passport, or state ID), your Social Security card or ITIN documentation, and proof of your current address (a utility bill or lease dated within the last 60 days). The branch staff will verify your information on the spot and can issue a temporary debit card before you leave.
The in-person process takes 15 to 30 minutes depending on how busy the branch is. You will make your initial deposit at the same time, either in cash or by check. If you do not have your Social Security card with you, the branch can look up your number using your ID and date of birth, though bringing the card speeds things up.
Ask the branch representative which checking account type best matches your banking habits — some accounts waive monthly fees if you maintain a minimum balance, while others charge a flat monthly fee but have no balance requirement. The representative can explain the differences and help you choose.
Types of Checking Accounts at American Savings Bank
American Savings Bank offers several checking account options, and the one you choose affects your monthly fees and minimum balance requirements. Their standard checking account typically has a monthly maintenance fee that can be waived if you maintain a minimum balance or set up direct deposit. A second option may have no monthly fee but require a higher opening deposit. Some accounts include benefits like free checks or ATM fee reimbursement.
Before you open an account, visit the bank's website or ask a branch representative for a comparison of current checking account types. Fee structures and minimum balance requirements change periodically, so the details available today may differ from what was offered last year. The branch staff can show you which account costs the least based on how you plan to use it — for example, if you rarely write checks and use the ATM frequently, a different account type might save you money.
Making Your Initial Deposit
Your initial deposit can be made in cash, by check, or by electronic transfer from another bank account. If you open the account in person at a branch, you can deposit cash or a check immediately. If you open online or by phone, the bank will provide instructions on how to transfer money from an existing account at another bank, or you can mail a check to the address they provide.
Electronic transfers from another bank usually take 1 to 3 business days to appear in your new American Savings Bank account. Mailed checks take 5 to 7 business days. If you need to use your account right away, opening in person and depositing cash is the fastest option.
Getting Your Debit Card and Online Access
Once your account is open, you can start using online banking immediately if you opened the account online or by phone. You will receive login credentials via email, and you can set up a username and password to access your account, view your balance, and transfer money between accounts. If you opened in person, the branch will set up online access for you before you leave.
Your physical debit card will arrive by mail within 7 to 10 business days. When it arrives, you will need to activate it by calling the number on the back of the card or using the bank's mobile app. Until your debit card arrives, you can use your account number and routing number to set up direct deposit or make electronic transfers. You can also withdraw cash at any American Savings Bank ATM or branch using your account number and ID.
What to Do If Your Application Is Denied
American Savings Bank may deny an account application if there is a problem with your identity verification, if you have a history of fraud or unpaid fees at another bank, or if your Social Security number does not match your other information. If your application is denied, the bank will send you a letter explaining the reason. Read it carefully — it will tell you whether you can reapply or what steps you need to take.
If the denial was due to a mistake in your information, you can correct it and reapply. If it was due to a ChexSystems report (a banking history database), you can request a copy of your report from ChexSystems and dispute any errors. Some people who are denied at one bank can open an account at another bank that has different approval standards, though this is not may provide. Contact American Savings Bank's customer service to ask whether you can appeal the decision or reapply after a certain period of time.
Frequently Asked Questions
Do I need to live in Hawaii to open an account at American Savings Bank?
American Savings Bank primarily serves Hawaii residents and businesses. If you do not live in Hawaii, contact the bank directly to ask whether they can open an account for you. Some banks have restrictions on out-of-state customers, while others do not.
What is the minimum deposit to open a checking account?
The minimum deposit varies by account type and changes periodically. Some accounts require $100 to $500 to open, while others have no minimum. Check the bank's website or call a branch to find out the current minimum for the account type you want.
How long does it take to receive my debit card?
Debit cards typically arrive within 7 to 10 business days after your account is open. If you open an account in person at a branch, you may receive a temporary card before you leave. Activation usually takes a few minutes by phone or through the mobile app.
Can I open an account if I do not have a Social Security number?
Yes. If you have an ITIN (Individual Taxpayer Identification Number) instead of a Social Security number, you can open an account using your ITIN. Bring documentation of your ITIN when you open the account in person, or provide the number during the online or phone application process.
What happens if I do not maintain the minimum balance?
If your account type requires a minimum balance and you fall below it, the bank will charge a monthly maintenance fee, usually $5 to $15. You can avoid this fee by maintaining the required balance, setting up direct deposit, or switching to an account type with no minimum balance requirement. Contact the bank to discuss your options.