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Home  /  Personal Banking  /  Checking Accounts  /  Compare
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Shaka Checking

Hawaii's first digital bank account for Hawaii that's from Hawaii. Shaka Checking is among the highest checking interest rates in Hawaii. Enjoy the convenience of 100% online banking and in just 5 minutes you can open an and access features like BillPay.

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Exceptional Plan

A combined balance plan with exceptional benefits

Simply start your Exceptional Plan by opening an Exceptional Checking account. Link qualifying personal deposit and loan accounts to your Exceptional Plan and maintain a $10,000 minimum combined balance to avoid a $20 monthly service charge.
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Exceptional Checking

Checking Features

Checking Features Shaka Checking1 Exceptional Checking Value Checking1
Minimum Opening Deposit $25 when opened online $500 $25 (when opened online) or $0 (when opened at a branch)
Interest Earning

Base Interest compounded daily and paid monthly.  Reward Interest compounded monthly, paid monthly

Tiered interest rates		 Interest compounded daily and paid monthly Tiered interest rates No
Monthly Statements Free Online Statements11 or $5.00 Paper Statement Fee per statement Free Online Statements10 or Paper Statements Free Online Statements10 or $3.00 Paper Statement Fee per statement unless the account is linked to a personal Exceptional Plan; or has maintained an average balance of $2500 or more for the statement period
ATM Fee Waivers and Rebates No ATM Transaction Fees when you use any CPB or non-CPB ATM worldwide2,3 ATM Surcharge Rebates when you use any non-CPB ATM worldwide (up to $20 per statement period)3,4 No ATM Transaction Fees when you use any CPB or non-CPB ATM worldwide2,3 ATM Surcharge Rebates when you use any non-CPB ATM in Hawaii and on the mainland (up to $4 per transaction)3,4 No ATM transaction fees when you use CPB ATMs2,3
Branch Transactions $2 for each deposit or withdrawal conducted in the branch Free Free
Checks None Free CPB Beautiful Hawaii checks or up to $20 off any style, per order Free first order of 40 checks
Check Transactions Checks are not issued on this account. $2 per check transaction if done Free Free
Incoming Wire Transfer Fee Waiver No Yes No
Sweep Option No Option to sweep funds over a selected balance amount daily into an Exceptional Savings or Exceptional Super Savings account to maximize earnings No
Overdraft Protection Fee Waiver No Personal ExpressLine of Credit overdraft protection annual fee is waived5 No
Checking Features
Minimum Opening Deposit
Interest Earning
Monthly Statements
ATM Fee Waivers and Rebates
Branch Transactions
Checks
Check Transactions
Incoming Wire Transfer Fee Waiver
Sweep Option
Overdraft Protection Fee Waiver

Benefits

Benefits Shaka Checking Exceptional Plan Benefits Plus Package Option
  • Early Paycheck (Up to 2 days early)12
  • Refunded ATM surcharge fees, up to $20 a month3,4
  • High checking interest rates
  • No monthly fees
 First 3 Months Free! Upgrade your Value Checking account with Plus Package for just $4.95 per month8 and get:

  •    No ATM Transaction Fee when you use any non-CPB ATM worldwide3
  •    ATM Surcharge Rebates when you use any non-CPB ATM in Hawaii and on the mainland (up to $4 per transaction, up to $20 per month)3,4
Benefits

Free Banking Services

Free Banking Services Shaka Checking Exceptional Plan Value Checking
Free Banking Services
1. Value Checking and Shaka Checking accounts with zero balance for 60 or more consecutive calendar days will be closed automatically without notice. For more details, visit any branch or contact our Customer Service Center.

2. Transactions made at non-CPB ATMs are subject to our ATM Transaction Fees. ATM Transaction Fees are waived for Exceptional Checking, Shaka Checking account and Value Checking accounts with Plus Package.

3. Non-CPB ATMs may impose surcharges that are separate from and in addition to our ATM Transaction Fee and should disclose their surcharge fee at the beginning of the transaction.

4. ATM Surcharge Rebates only apply to ATM surcharges from other banks and ATM operators incurred on your Exceptional Checking, Shaka Checking account or Value Checking account with Plus Package for ATM usage nationwide.

5. Subject to credit application and approval. Interest charges and other fees may apply.

6. You may refer up to three family members. A Family Plan Referral Code must be presented at the time the new Exceptional Checking Account (“Sponsored Account”) is opened. For details, click here. 

7. $50 discount includes a $5 discount for automatic payment of rental fees. Automatic payment from an eligible CPB account is required. Safe deposit box contents are not insured by Central Pacific Bank, the FDIC, or any other government agency.

8. A Plus Package discounted fee of $3.95 per month is available upon request for seniors age 50 years and above. To begin receiving a Plus Package senior discount, please visit any branch or call our Customer Service Center at (808) 544-0500 or toll-free at 1-800-342-8422.

9. Online enrollment required. For information and to enroll, visit mastercardus./idprotectiononline.com

10. Online Banking enrollment required. For information and to enroll, click here.

11. If you enroll in our online banking OR mobile banking service, you will automatically be enrolled in our online statement service. If you do not enroll your Account in our online banking OR mobile banking service, you may have paper statements but will be assessed a Paper Statement Fee per statement period as described in the Fee Information section below.

12. To receive this feature, your employer or benefit provider must send your payroll by ACH to your Account and include the key phrases “Payroll” or “Direct Deposit” within the transaction description. Transactions without these key phrases in the description, or with unrecognized abbreviations of these phrases, will be processed as normal and will not be given the early paycheck benefit. We do not determine the transaction description.