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Concentration Account Services

Consolidate all your accounts into one at the end of each business day.

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

If your business has multiple accounts with nominal balances in each, Bank of Hawaii’s Concentration Account is for you. With our Concentration service, all balances from subsidiary accounts are automatically moved into one Concentration account at the end of each business day.

Consolidating your subsidiary accounts on a daily basis is ideal for permitting collection, disbursement, and auditing functions to remain decentralized while maintaining control of company finances at the corporate level.

Service features:

  • Daily consolidation of zero-balance subsidiary accounts into a single Concentration Account
  • Prevents overdrafts due to failure to transfer balances
  • Permits decentralized bookkeeping and reconciliation
  • Allows enhanced monitoring of cash flow and audit control
  • Eliminates the need for manual transfers between accounts