First Hawaiian Bank, Honolulu, has joined the many financial institutions planning to offer PC-based banking services next year using the two leading personal finance software packages.
The $7.5 billion-asset bank said last week that it would offer on-line banking to its customers through Intuit Inc.'s market-leading Quicken and Microsoft Corp.'s popular Money software.
First Hawaiian joins Chase Manhattan Corp., Chemical Banking Corp., U.S. Bancorp, and more than a dozen other banks that have already announced that they will offer such services through Quicken and Money.
Most of these banks said that they will offer on-line banking this fall, after new releases of both software packages hit the market.
First Hawaiian, like the other bank partners of Microsoft and Intuit, officially signed on with Intuit Services Corp., formerly known as National Payment Clearinghouse Inc.
Intuit Services, processes on-line transactions for its parent, Intuit Inc., and for Microsoft as well.
Customers using Quicken or Money on-line through their bank will be able to write electronic checks, transfer funds, get loan information and access their account information. First Hawaiian expects to charge its customers $9.95 a month for the service.
"An increasing number of customers are finding that computer banking provides compelling advantages to other delivery systems," said Walter A. Dods, the chairman and chief executive officer of First Hawaiian. "PC banking is the next logical step in our strategy to offer our customers the latest in banking services and convenience."