HRS §412:4-101

What kinds of deposit accounts can financial institutions offer

Read the official text at capitol.hawaii.gov ↗

Hawaii financial institutions can offer any type of deposit account that is commonly used in the United States, unless federal law or state rules forbid it. They can also open accounts in the name of one or more people, either in their own name or as a representative, as long as it follows state law.

financial institutions

The statute, as written — Forms of deposit

A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.

(a) Except as specifically prohibited by federal law or any provision of this chapter, and subject to section 412:8-200 with respect to trust companies, section 412:9-400 with respect to depository financial services loan companies, and section 412:9-500 with respect to nondepository financial services loan companies, Hawaii financial institutions may open accounts and accept deposits therein of any type generally accepted by financial institutions in the United States. (b) Hawaii financial institutions may open accounts and accept deposits therein in the name of one or more persons, in the person's own right or in a fiduciary or other representative capacity, in any form of ownership not inconsistent with the laws of this State.

Read the official text at capitol.hawaii.gov ↗as published Jan 6, 2026our copy taken Aug 20, 2026

Sections this one refers to

§412:8-200 What a trust company can and cannot do

§412:9-400 Extra powers for deposit-taking loan companies

§412:9-500 What a nondepository loan company cannot do with deposits

LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.