First Hawaiian Bank

First Hawaiian Bank is a bank that publishes four business checking products: Business Free Checking, Business Regular Checking, Business Priority Banking Gold and Business Priority Banking Platinum.

Accounts and fees The published monthly charges are $0 for Free, $8.50 for Regular ($9.50 without CheckStorage, with an alternative waiver based on balance), $15 for Gold and $25 for Platinum. The Priority Banking packages sit above the entry accounts for businesses that want a broader bundle.

Cards and payments Businesses can use a Mastercard debit card, manage accounts through online banking and initiate ACH transactions. ACH is the only payment channel listed, so international or real-time rails should be confirmed with the bank directly.

Deposit protection The bank states that it is an FDIC member. As with any US deposit insurance, coverage depends on the depositor, the ownership category and eligibility, and it is not the same thing as safeguarding at an electronic money institution.

Who it suits The tiers make the product line a fit for companies that operate mainly in US dollars through domestic banking channels and want to choose between a no-fee account and a paid package.