HRS §490:4A-212
When a receiving bank must accept a payment order
This section covers a bank's duties when it gets a payment order it hasn't accepted yet. The bank only has to accept if it agreed in writing to do so. If it breaks that agreement, it owes damages as the agreement or law says. Otherwise, the bank has no duty to act and is not anyone's agent.
financial institutions
The statute, as written — Liability and duty of receiving bank regarding unaccepted payment order
If a receiving bank fails to accept a payment order that it is obliged by express agreement to accept, the bank is liable for breach of the agreement to the extent provided in the agreement or in this article, but does not otherwise have any duty to accept a payment order or, before acceptance, to take any action, or refrain from taking action, with respect to the order except as provided in this article or by express agreement. Liability based on acceptance arises only when acceptance occurs as stated in section 490:4A-209, and liability is limited to that provided in this article. A receiving bank is not the agent of the sender or beneficiary of the payment order it accepts, or of any other party to the funds transfer, and the bank owes no duty to any party to the funds transfer except as provided in this article or by express agreement.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.