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Arriving October 6th, looking for a bank
#21
This scam, run by an American Savings supervisor at the Hawaii Kai branch, did make the media:

http://www.kycbs.net/CV05-00030-Witness-...arilyn.htm

I've been with ASB since they "bought out" the short-lived Bank of America branch a dozen years ago. I like ASB's late hours when I need it, but use BOH too because of their convenient locations.
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#22
Thanks to all of you for your suggestions. This will help a lot! Aloha....
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#23
quote:
The incident that really made us decide to switch is when our worker's checks bounced after we had transfered money from our mainland bank to BOH. The BOH on line information told us the money was in our account, never said a thing about a hold put on the money so we felt confident in writing pay checks to the workers. There were fees and penalties not only for us to get it all straightened out but for our workers as well who's checks bounced. Maybe that could happen with any bank.

Great point about "holds" on mainland funds, Sandy. Just want to quote it and bring it up more, because anyone starting out here might have to deal with it -- especially if the account is relatively new.

Those fees are a real drag and they sure add up.
Definitely something for new residents to be aware of ...

The laws on placing holds are federal laws. Here's a page that summarizes them:
http://www.bankrate.com/brm/news/chk/20020802b
and another
http://www.msmoney.com/mm/banking/articl...dcheck.htm

a hold can be placed hours after your deposit.
If I think there is a chance of a hold, I take the deposit in and ask for a decision from a supervisor so that I don't get surprised.

The online banking at BOH has an available funds balance that subtracts hold amounts, but if you check it and the hold goes on afterwards, you wouldn't know, and keep in mind that bank computers do full updates only once every 24 hours, and not at all on weekends.

If you think you will be dealing with much in the way of mainland funds, you might want to keep your old account until the "new" smell is off your Hawai'i account. Accounts less than 30 days old are a special category (by law) when it comes to holds.
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#24
KathyH, you are always going to be KathyH !!

"Cat, it sounds like you have more bad to tell and would feel as negative without the scam, so this is not to argue, but I do feel that with the teller scam, unless the bank was behind it, I cannot fault the bank if a couple tellers go rogue. They didn't do it under the bank's auspices, did they?"

Really ??

BOH should have had some method to prevent this from happening.I have never had this happen at my credit union and I have never heard from anyone who has.

I had my account with BOH in 1973-1975 and have horror stories to tell !!
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#25
quote:
Originally posted by Obie

KathyH, you are always going to be KathyH !!
and it's Obie acting unnecessary again. [:0] Shocking.
I made a simple request on what I'd like to be called, most would not take issue with it, but you're special that way. [Wink]

If you look at my posts on the bank with less prejudice, you would see that I said I don't want to argue with anyone about it, because we all have our experiences. Cat's experiences count, yours count, and mine count too.

What kind of procedures should the bank have implemented, out of curiosity?

As I said, I worked my way through school as a teller. Tellers handle thousands of dollars every day. The primary control over a teller's misappropriation of cash funds is for the teller to be "in balance" at the end of the day. The record of transactions comes up with an amount the teller should have in the drawer. Teller counts cash. The two should match.

Normally the customer fills out a check or a savings withdrawal to withdraw cash, and the teller can't alter that, so not sure how this was conducted without more details. If a customer signs off on a cash withdrawal he is not making, that's not going to show up in a balance error, because the paper trail does reflect how much cash left the drawer.

It would only be caught when the customer notices what is going on ... which it was.

If you want to believe that's an indictment of the specific bank, that's your right ... and it's my right not to share your opinion without you getting all bent about it.

If you want to dislike a bank because of an experience from over 35 years ago, feel free!
Is it OK if I make up my own mind about it?
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#26
bank of Hawaii "that's my bank" for 18 years

Donna
Donna
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#27
Additional piece of info on "bank dumping day" although I doubt our just regional or statewide banks will be affected:

http://money.cnn.com/2011/11/03/pf/move_...?hpt=hp_t1
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#28
30 plus years BOH always been great...whoever said keep your mainland bank is giving bad advise
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#29
quote:
Originally posted by Kapohocat

quote:
Originally posted by Alex

quote:
Originally posted by Kapohocat

You may have been unaware of a scam two of their tellers in Hilo pulled in 2009, arrested for a scam on older people. They kept that pretty hush hush - FBI and Secret Service were in - one of those scammed was my Dad. It did not make the news media surprise surprise.

What kind of scam?


Two tellers were allegedly taking money from older people, primarily men I understand. They would start chatting with people like my 75 yr old dad, and since he took the same amount of cash out each week, (didnt like ATM's) they would up it by $100-200, give the older person their usual cash, and pocket the other money. the older people typically didnt look at their receipts because they were chatty with the cute teller. My mom noticed it because she balances the check book, and thought maybe Pops had a girlfriend... j/k! Then the FBi called - I guess someone else had caught it. Pops had to go down to the bank and make a report. They got almost all their money back - about $1000-1200 I think.

actually I heard about this from my neighbors and switched banks to HFS for that very reason. That was a scarey thing and as I recall there were two in on this. Amazing to pull off as one person, but this was a team here in Hawaii.
I have been with HFS since and like them just fine. No problems getting loans at all and people are friendly.
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#30
quote:
Originally posted by Orchidlandguy...
I have been with HFS since and like them just fine. No problems getting loans at all and people are friendly.


I like that we can agree on some things! [Big Grin]
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