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Business Cash Advantage

Make your Business Checking Account balance work harder for you.

Support: (808) 694-8021
Toll-Free: 1-877-232-0118

With a Bank of Hawaii Business Cash Advantage Account, you can earn more from your account balances. Here’s how it works: Every night, the excess idle funds you have in your Business Checking Account are “swept” into one of three money market mutual funds1. Each of these funds could potentially provide you with a high rate of return. When needed, the funds are “swept” back into your checking account.

Features and Benefits:

  • Potentially earn a high rate of return on unused checking account funds
  • Perfect for customers who try to maintain balances in separate business checking and savings accounts
  • Eliminates the chance that you may forget to make necessary transfers from one account to the other, resulting in overdraft fees, etc.
1. FDIC Insurance. The funds in your designated checking account are insured by the FDIC until they are transferred outside the Bank to pay for your Fund investment. This applies not only to funds held in your designated checking account, but to any funds that we hold for you in an omnibus (holding) account with other sweep customer funds pending their transfer outside the Bank. When we redeem your Fund investment in accordance with your Cash Management Services Agreement, the proceeds will become part of your insured checking account when they are received by us, even if they are held by us in an omnibus account with other customer funds pending their credit to accounts. Funds transferred outside the Bank to your Fund investment, and redemption proceeds which have yet to be received by us, are not Bank deposits and are not insured by the FDIC. In the unlikely event of the Bank's failure, your ownership interest in Fund shares would be recognized by the FDIC, and you would not be a creditor of the Bank in connection with your Fund investment.

IMPORTANT NOTE. MUTUAL FUND SHARES: (A) ARE NOT INSURED OR GUARANTEED BY THE FDIC OR ANY OTHER GOVERNMENT AGENCY; (B) ARE NOT DEPOSITS OR OBLIGATIONS OF, OR GUARANTEED BY, THE BANK OR ANY OF ITS AFFILIATES; AND (C) INVOLVE AN INVESTMENT RISK, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNTS INVESTED.