Hawaii

Hawaii’s unclaimed property program is governed by the State of Hawaii Department of Budget and Finance, Unclaimed Property Program. Whether your organization manages customer funds, dormant accounts, or aged liabilities, it’s critical to follow state-updated procedures to remain compliant.

Overview of Hawaii’s Unclaimed Property Law

Hawaii’s unclaimed property requirements are established under Hawaii Revised Statutes (HRS), Chapter 523A. These rules define the responsibilities for “holders”—which include banks, insurance companies, utilities, and corporations—to report and remit assets that have remained unclaimed for a certain period.

Reportable property types include:

• Dormant bank accounts and safe deposit boxes
• Uncashed checks (e.g., payroll, vendor payments)
• Insurance policy proceeds and annuities
• Stock dividends and underlying securities
• Customer credits and refunds

Once the dormancy threshold is met, holders must complete due diligence and submit a report in accordance with Hawaii’s escheatment process.

Hawaii Dormancy Periods

Understanding dormancy rules is a key step in the escheatment process. Timeframes vary by property type.

These timelines align with general escheatment laws by state but are subject to change.

Due Diligence Requirements in Hawaii

Before filing, Hawaii requires holders to attempt to notify the rightful owner for property valued at $50 or more.

Minimum due diligence steps:

• Mailing a first-class notice to the owner’s last known address no more than 6 months before filing the annual report
• Include details about the property and how to claim it
• While not required, additional outreach methods like email or phone are encouraged to increase response rates

Eisen’s escheat mail management service automates this process, minimizing manual effort in sending and handling returned mail.

Hawaii Reporting Deadlines and Requirements

Hawaii’s report period requirements vary depending on the type of holder, but all businesses report at the same time.

• Life Insurance Companies:
  
  • Report Period: January 1 - December 31
  • Report and Payment Deadline: November 1
• All Other Businesses:
  
  • Report Period: July 1 - June 30
  • Report and Payment Deadline: November 1

Additional requirements:

• Format: NAUPA II format mailed on a CD
• Negative Reports: Not required‍
• Remittance Methods: Check only

Hawaii’s Voluntary Disclosure Program

Hawaii does not offer a formal Voluntary Compliance process. Review the Hawaii Frequently Asked Questions (FAQ) for more details.

Learn more about maintaining compliance with our unclaimed property guide and escheatment compliance best practices.

How Eisen Helps You Stay Compliant in Hawaii

At Eisen, we turn unclaimed property compliance from an administrative burden into an automated advantage. Whether you're managing dormant accounts, outstanding checks, or investment accounts, our tools streamline Hawaii’s escheatment process.

Our platform includes:

• Escheatment Manager – Tracks dormancy timelines, flags eligible property, and generates Hawaii-ready reports
• Outreach Manager – Automates due diligence letters and records delivery
• Disbursement Manager – Handles secure payments via check, ACH, or wire
• Mail Management – Tracks mail delivery and processes returned mail

Need support for niche use cases like escheatment for healthcare? Eisen has you covered.