Checking Accounts with HFS Federal Credit Union

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"So fortunate we have an awesome and very understanding credit union that will do all it can to help their members in whatever needs they may have."
- Grace

Open a Checking Account

Aloha and thank you for thinking of HFS Federal Credit Union. We’d love to help you open a Checking Account today. Complete your application online or visit your nearest HFS branch.

Online Application

Find a Branch

For your convenience, we have a Consumer Account Checklist with items you will need to open your account.

If you are currently an HFS member and would like to add a Special Shares Account, please visit any HFS branch and a Member Service Representative would be happy to assist you. Stay tuned, we will be releasing online applications for current members within Online Banking soon.

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A secure and convenient place to keep your money

  • Overview

    Get more than just a checking, mobile banking, and overdraft protection from your financial institution. HFS is here to help you achieve your financial goals and make your life easier by providing convenient and secure account access.

    Checking accounts are a convenient way to store your funds and keep track of your daily spending. This account is perfect to use as your transaction account – to pay your bills and other expenses by using your debit card, writing checks, or through ACH transactions. Set up Direct Deposit from your workplace to have your paychecks easily deposited into your account and use Online Banking to securely manage your funds, pay bills, and more.

    Checking Account Features & Benefits

    Here's what you get when you sign up for a Checking Account:

    • Experience simplicity: no hassles, no headaches
    • Unlimited check writing
    • Free custom checks with Direct Deposit to your account
    • HFS Visa® Debit Card
    • Surcharge-free ATM access at any Bank of Hawaii ATM1
    • Automate transfers from your Savings to your Checking or apply for a Line of Credit with Overdraft Protection2
    • No minimum balance
    • Free Mobile Deposit3
    • Verify your transactions with monthly statements or with 24/7 online and mobile access

    Overdraft Protection and Courtesy Pay

    At HFS Federal Credit Union, we offer two types of services to our members if ever an overdraft occurs called Overdraft Protection and Courtesy Pay. Both Overdraft Protection and Courtesy Pay are designed to help prevent members from having a transaction rejected due to non-sufficient funds. Both services are optional and members do not need to have one in order to have the other.

    The details on this page are meant for informational purposes only and are not intended to substitute for our Membership and Account Agreement and Overdraft Coverage document provided by the Credit Union. Members interested in the Overdraft Protection and Courtesy Pay programs should contact the Credit Union for more information. Overdraft Protection and Courtesy Pay are subject to additional fees. 

     

    More About Checking Accounts

    Enhance your checking experience with these complementary Checking Account services:

    • Automatic Payroll Deduction. A convenient way to automate your loan payments or monthly transfers from your paycheck.  
    • Direct Deposit. Electronically transfer payments from your employer or other payer directly into your HFS Checking or Savings Account, saving you the time and hassle of cashing checks.
    • Express Deposit and Night Drop. Conveniently located deposit boxes available at all HFS locations to deposit checks or make payments 24/7.
    • Wire Transfers. Electronically transfer money from your account to other financial institutions accounts around the world.
    • Visa Debit Card. Easily access funds in your Checking Account for purchases or ATM transactions.
    • CardValet® Mobile App. Take control of your Debit Card usage and spending on the go. Turn your card on or off, set transaction limits and restrictions and receive potential fraud alerts.

    Ready to get an HFS Checking Account? Open your Savings Account first, then simply add a Checking for free! Complete your application online or visit your nearest branch.

    Online Application

    Find a Branch

     

    Why Open a Checking Account with HFS?

    When you open a checking account with HFS, you will enjoy the benefits of an account that is simple and easy to use. Getting cash at an ATM is easy when you can visit any Bank of Hawai‘i ATM, the largest network in the state. Need a debit card? We can issue a card in branch and have it in your hand and ready to use on the same day. No need to worry about a minimum balance. You can even deposit checks on the go with mobile deposit on the HFS App. Managing your finances has never been easier.

    1Other fees may apply for out-of-network ATMs.

    2Member must authorize Overdraft Protection, inquire with any Member Service Representative.

    3Member must enroll in Online Banking and Mobile Banking to use Mobile Deposit. Standard message and data rates may apply. Check your carrier plan for details.
    Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.

  • Reviews

    Checking Accounts Reviews

    by Jason
    Checking service

    My bank location is like a refuge. These fine people are now part of the success of my business. I am in the HFS family!

    by Ululanialoha
    Service Friendly

    Great updates, and you can do paperless, staff goes beyond to help the customer.

    by Cleo
    Poor checking account statement

    Payee is not listed for some transactions such as automatic payments.

    by Janet
    Great products and services

    I have been a member of HFS for a long time and have used many of your services and in particular your checking services. In all cases I was very satisfied with the service designs and the customer service I have received whether I was living in Hilo or on the mainland. Much Mahalo for all your services

    by Paradise
    Very Quick & accodomating

    Lines to take care of customers are very short and move quickly. The tellers take care of cashing my checks efficiently and give me the bills I need without a problem. They are happy to help me.

    by Sharon6177
    Great service and it's free!

    HFS was recommended to me when I first moved to the Big Island and I am very satisfied with their service so I want to recommend it to others as well.

    by Lena
    Good service

    Great loan provider an service, would love to see more branches open

    by Waimea96743
    Awesome Service

    I do all of my business with your bank and always can get the answers I need in a timely manner.

    by Mayang
    Good products

    Very satisfied with products and they explain to you if u have any questions

    « Previous Reviews

    My Review

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  • Rates & Fees
    Rates Effective as of: 03-20-2023

    Checking Account Rates

    Dividend RateAnnual Percentage Yield (APY)Dividend CompoundedDividends CreditedDividend Period
    0.00%0.00%MonthlyMonthlyMonthly (calendar)

    APY= Annual Percentage Yield. The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings.

    Truth in Savings Disclosure

    Rates Effective as of: 03-20-2023

    Checking Account Fees

    Fee DescriptionFee Amount
    Checking Account(1)(2)No minimum balance, no monthly fee
    ATM Inquiry or WithdrawNo Charge
    Replacement cardNo Charge
    Overdraft(2)(3)Free with Overdraft Protection, $25.00 per item without
    Official CheckFive free per month, per member; $1.00 per additional check
    Non-Sufficient Funds(2)$25.00 per item
    Returned Check or Item$25.00 per item
    Stop Payment$25.00 per item

    (1)There is no fee to open an HFS Checking Account with an existing Savings Account. A minimum opening balance of $50.00 is required to open a Savings Account.
    (2)Fees for overdrafts and non-sufficient funds are assessed, when applicable.
    (3)Other fees may apply for out-of-network ATMs.
    (4)Member must authorize Overdraft Protection. Ask any Member Service Representative to opt into this service.

    Schedule of Fees and Charges- Consumer Accounts
    Schedule of Fees and Charges- Business Accounts

  • FAQ

    Frequently Asked Questions

Helpful Links

Questions?

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Drop us a message anytime with your questions about Checking Accounts.

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