Your account becomes overdrawn when you make a withdrawal (typically made by check, debit card, ATM card, or electronic payment) for an amount greater than the available balance in your account.
We offer the following overdraft protection programs that may be less expensive than our standard overdraft practices:
Savings Overdraft Transfer service links your checking account to your savings account. This program will transfer available funds from your savings account to your checking account when it is overdrawn. A transfer fee applies.
- Preferred CreditLineSM is a line of credit that can be linked to your checking account from which funds are transferred to your checking account when it is overdrawn. An annual fee and finance charges on the outstanding balance apply. This program is subject to credit approval.
For more information, go to overdraft protection.
If you want us to authorize and pay overdrafts for your ATM and everyday debit card transactions, tell us you want Debit Card Coverage, by choosing one of the following options:
Call (808) 627-6900 or toll-free at (800) 272-2566
Visit any of our branches
Follow these steps on our website:
Log in to Online Banking
Click on the “Services” tab
Click on the “Overdraft Solutions” link
Make your selection from the drop-down menu: Debit Card Coverage or Overdraft Courtesy
You must open and review the "Overdraft Solutions disclosure" before submitting your request
Click Submit
Complete this form, What You Need to Know about Overdrafts and Overdraft Fees, and mail it to:
- Attn: Overdraft Solutions
American Savings Bank
Attn: Overdraft Solutions
P.O. Box 2300
Honolulu, Hawaii 96804-2300
For more information, click here.
We do authorize and pay overdrafts for the following types of transactions (we refer to this practice as Overdraft Courtesy):
Checks and other transactions made using your account number
- Automatic bill payments (including preauthorized debits to pay bills automatically from your account, online bill payments, and recurring bill payments using your check card)
We do not authorize and pay overdrafts for the following types of transactions, unless you ask us to (we refer to this as Debit Card Coverage):
ATM transactions (including withdrawals, transfers, and gift certificate purchases)
- Everyday debit card transactions (which includes one-time bill payments using your debit card)
We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction will be declined. If overdrafts are not paid, we will charge a Returned Item fee. For more information, visit overdraft solutions.
