Every bank has a routing number, and you need that number to make certain kinds of transactions. Routing numbers tell financial institutions where to send money.
This article will tell you everything you need to know about the routing number for Bank of Hawaii. We’ll explain where to find it and how to use it for different kinds of transfers.
Bank of Hawaii’s Routing Number: 121301028
The routing number for Bank of Hawaii is 121301028. This is the main routing number you’ll use for transactions like ACH transfers and wire transfers.
Finding Your Routing Number
It’s important to make sure you have the right routing number before initiating any financial transaction. You can check the routing number by searching the Bank of Hawaii website, or you can find it in several other places:
- Online banking portal
- Your checks or bank statements
- The Federal Reserve website
ACH vs. Wire Transfers
When you’re moving money between banks, you’ll generally use either an ACH transfer or a wire transfer.
ACH Transfers
ACH (Automated Clearing House) transfers are usually free or very low-cost. The downside is that they can take a few business days to go through.
ACH transfers are a good choice for regular bill payments where speed isn’t critical.
Wire Transfers
Wire transfers are faster than ACH transfers. In some cases, the money will move on the same day. With others, the transfer is nearly instant.
The tradeoff is that wire transfers typically cost between $25 and $50.
Wire transfers are often used for urgent or international transactions.
International Money Transfers
Sending money overseas through traditional methods can be slow and expensive. Plus, the fees are often hidden in the exchange rates.
Services like Wise can be a good alternative. Wise lets you send money to 140 countries in 40 different currencies and has transparent pricing.
Before you send money internationally, it’s always a good idea to compare costs. You can use Wise’s online calculator to see how their international transfer fees stack up.
The Bottom Line
The routing number for Bank of Hawaii is 121301028. Make sure to provide this number when you’re setting up direct deposits or automatic payments.
For inexpensive transfers within the U.S., an ACH transfer is probably the best option. If speed is your priority, go with a wire transfer. And for international transfers, consider using a service like Wise.