Helping our community and our schools

American Savings Bank is committed to awarding more than $250,000 to our schools. Bank for Education is a program created to help the community raise funds to provide Hawaii’s keiki with the tools that they need to succeed.

Awards Include:

• $150,000 to 3 schools - $50,000 for each enrollment category¹
• $40,000 to 4 schools - $10,000 to a school from each eligible county²
• Thousands of dollars more available to hundreds of schools throughout Hawaii

What You Need to Know:

• How It Works
• School Eligibility and Participation
• Tracking Your School's Progress
• Schools Decide How to Use the Funds

How It Works:

From September 26, 2011 through December 15, 2011 American Savings Bank will contribute up to $30³ to the Hawaii school of your choice when you open a new checking account:

• Initial designation of $10 when you open a new checking account with a minimum opening deposit of $30, enroll in online banking and sign up for e-statements⁴
  • Additional $10 designation when you sign up for direct deposit of $30 or more to the new checking account⁵
  • Additional $10 designation when completing a minimum of 10 check card purchases (PIN or signature-authorized) within the first 30 days of opening the new checking account⁶

School Eligibility and Participation:

All private and public schools in Hawaii are eligible to participate, as long as they provide services/courses to at least one student group, K through 12, and confirm participation by September 23, 2011. Participating schools will be listed on this page. When opening your qualifying personal account, provide the name of the school you wish to support. If the school is not participating you may select an alternate school.

Tracking Your School’s Progress:

After October 5, 2011, we’ll post weekly updates here so that you can follow your schools progress. Check the upper right of this page. Final results are expected by January 31, 2012. We will notify schools of funds raised on their behalf and make the final awards in February 2012.

Schools Decide How to Use the Funds:

American Savings Bank does not restrict the use of the funds. Schools determine how best to use the funds, such as purchasing computers, teaching tools, books, musical instruments, athletic equipment, or funding field trips.

School Tools are provided to support education administrators.

1. The top school - one from each of three enrollment categories - with the most designations at the end of the promotion will receive a $50,000 grand prize in addition to their award for designations. Student enrollment categories are a) 1 - 300 students, b) 301 - 550 students, c) 551 or more students. At the end of the promotion, if two or more schools tie for having the most designations in their category, then American Savings Bank will choose the $50,000 award winner from among those schools by random drawing.
2. Eligible counties: Hawaii County, City and County of Honolulu, Kauai County, Maui County. At the end of the promotion, if two or more schools in the same county tie for having the most designations for that county, then American Savings Bank will choose the $10,000 award winner from among those schools by random drawing. The $50,000 award winner is not eligible.
3. Maximum designation of $30 per primary accountholder. Business accounts are not eligible.
4. Initial designation of $10 when opening a new checking account with a $30 minimum opening deposit plus enrollment in online banking and e-statements within 30 days of account opening.
5. Additional $10 designation when you sign up for direct deposit of $30 or more to the new checking account (first direct deposit must be received no later than January 16, 2012).
6. Additional $10 designation when a minimum of 10 check card purchases (PIN or signature-authorized) are completed within the first 30 days of opening the new checking account.