A Home Equity Line of Credit (HELOC) is a line of credit secured by the available equity of your Hawaii home. The available equity of your home is the total value of your house minus the amount you still owe on it. For example, if your home is worth $500,000 and you still owe $200,000, your equity in the home is $300,000. A HELOC is used to access your equity in a credit line that can be used to purchase the things you want or need. Many Hawaii residents use HELOCs to make renovations, complete home improvement projects, or make a major purchase.

You can access your Equity Express Home Equity Line of Credit by Equity Express^SM check, at a branch, or through transfers in online banking.

Setting up automatic transfers including loan payments is easy with Online Banking. Click here to learn how >

You may also use the Automatic Payments and Transfers Form to set up automatic transfers to or from your accounts. If you are withdrawing from a non-ASB account, you will need the account number and routing number, a voided check, or a copy of your statement. Return the form to any branch or mail to: 

American Savings Bank 
Attn: ACH Services 
P.O. Box 2300 
Honolulu, HI 96804-2300 

We need 5 business days from the date of receipt of your form to set up, change, or cancel your transfer. For loan payments we will send you a letter confirming the start date of your first automatic payment. Please continue to make your payments until you receive your confirmation letter.

For owner-occupant borrowers applying for a line amount up to $400,000, ASB will waive most fees or closing costs associated with your HELOC application. Click here to learn more.