A checking account that
pays you $100?1
That’s a switch.
For a limited time, switch your checking account and enjoy exceptional service
plus a $100 cash bonus.1
How to earn your cash bonus.1
1
Open a new Shaka or Value Checking account between November 13, 2023 and January 31, 2024.
2
Make qualifying direct deposit(s) totaling $1,000 or more within 60 days of account opening.
Shaka Checking
Hawaii’s first and only digital bank account. Shaka is 100% online with tools and features to make life easier.
Value Checking
Write checks and make everyday transactions like debit card purchases, bill payments and direct deposit.
Why make the switch to CPB?
See what everyone is squawking about.
Exceptional Customer Service:
Experience what it means to be valued, whether you step into our branches or connect with us online. Your financial journey matters and we're here to make it exceptional.
Digital Innovation:
Our top-rated bank app is not just a tool, it’s a game changer. Seamlessly manage your finances, transfer funds, and stay in control, all at your fingertips.
National Recognition:
Having been named one of the best banks in Hawaii by Newsweek Magazine, this distinction speaks to our reputation for providing reliable financial services and for ensuring customer satisfaction, trust and confidence.
With nearly 70 years of unwavering commitment to our customers and community, join the legacy of trust and reliability that generations have counted on and find out why Central Pacific Bank is where people like banking.
Make the switch and open your account online today!
Or book an appointment and visit one of our convenient branch locations.
| Checking Features | Shaka Checking2 | Value Checking2 |
|---|---|---|
| Minimum Opening Deposit | $0 when opened at a branch. $25 minimum deposit required if when opened online. | $0 when opened at a branch. $25 minimum deposit required if when opened online. |
| Monthly Service Charge |
No monthly fees |
No monthly fees |
| Interest Earning |
Base Interest compounded daily and paid monthly. Reward Interest compounded monthly, paid monthly Tiered interest rates |
No |
| Monthly Statements | Free Online Statements3,4 or $5.00 Paper Statement Fee per Paper Statement Fee per statement | Free Online Statements3,4 or $3.00 ($5 effective as of 12/1/2023) 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 worldwide5,6 ATM Surcharge Rebates when you use any non-CPB ATM worldwide (up to $20 per statement period)6,7 |
No ATM transaction fees when you use CPB ATMs5,6 |
| Branch Transactions | $2 for each deposit or withdrawal conducted in the branch | Free |
| Checks | None | Free first order of 40 checks |
| Check Transactions | Checks are not issued on this account. $2 per check transaction if done | Free |
| Debit Card | Platinum Debit Mastercard® with Mastercard® benefits such as Identity Theft Alerts and Identity Theft Resolution Services8. | Platinum Debit Mastercard® with Mastercard® benefits such as Identity Theft Alerts and Identity Theft Resolution Services8. |
Extra Benefits
| Shaka Checking | Plus Plan Benefits (Add-on) |
|---|---|
|
First 3 Months Free! Upgrade your Value Checking account with Plus Package for just $4.95 per month11 and get:
|
| Shaka Checking |
|
||
|---|---|---|---|
| Plus Plan Benefits (Add-on) | First 3 Months Free! Upgrade your Value Checking account with Plus Package for just $4.95 per month8 and get:
|
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| Exceptional Checking |
|
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Make the switch and open your account online today!
Or book an appointment and visit one of our convenient branch locations.
- Program requirements: to receive your $100 credit, you must set up your payroll direct deposit towards your new Value or Shaka Checking account and have qualifying direct deposit transaction(s) totaling $1,000 or more within 60 days of account opening. The $100 will be paid as a credit to your account within 60 days after your direct deposit transaction(s) are received. Limit one $100 credit per account. Offer is subject to change at any time and cannot be combined with other offers. Value of bonus will be reported as interest to the primary account holder. Some restrictions apply. Value Checking is non-interest bearing. Shaka Checking earns a standard rate of .03% Annual Percentage Yield (APY) on all balances. An additional reward interest rate of .97% APY is available for account balances up to $20,000 and accounts meeting transaction requirements of 15 or more debit card transactions totaling $75 or more AND a qualified direct deposit each month of $25 or more. The additional reward interest combined with the standard rate can total as high as 1.00% APY with a rewards interest maximum of $17 per month. Once the maximum reward interest is obtained, only the standard rate of .03% APY will be earned on balances thereafter for the month. APY effective November 13, 2023. No minimum balance to earn interest. Rate may change after the account is opened. $25 minimum opening deposit required if opening online (no minimum deposit required if opening in branch). Fees may reduce earning on account.
- 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.
- Online Banking enrollment required. For information and to enroll, click here.
- 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 (Misc Fee Schedule) section below.
- 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.
- 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.
- 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.
- Online enrollment required. For information and to enroll, visit mastercardus.idprotectiononline.com
- 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.
- A monthly $5 fee will apply for paper statements. Value Checking account has other ways to waive the $5 fee, see our Misc Fee Schedule to learn more.
- 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.