Get paid before you get paid. →           Our interest rates are always in your best interest. →           Check the surf, then deposit a check. →           Getting your cash shouldn’t cost you a dime. →           No monthly fees. No worries. →           Online is waaay better than in line. →           Save on ATM fees. Spend it on malasadas. →           No shirt, no pants, no problem. →
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Easily send money digitally

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Get paid before you get paid.

Member FDIC (13)

Need to pay your half of the Uber? Shaka lets you send money to your friends and family online immediately using Zelle. Funds are sent directly to the recipient's account in a matter of minutes1, and all you need is the recipient's email address or U.S. mobile phone number.

How to get started

In just a few easy steps, you'll be ready to start sending and receiving money.

  1. Log into online or mobile banking (psst, don't have mobile banking? Find the downloads here).
  2. Navigate to Bill Pay
  3. Select "Send Money with Zelle®"
  4. Accept the terms and conditions
  5. Enter your email address or U.S. mobile phone number
  6. Receive and enter a one-time verification code

And that's it! Now you're ready to start sending and receiving money for that pau hana tab with Zelle2,3.

Ready to open your Shaka Checking account?

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OPEN AN ACCOUNT

CPB

We’ve got your back.
And CPB has ours.

Shaka has deep roots. We’re backed by Central Pacific Bank,
which has been doing business in Hawaii for over 65 years.

OPEN AN ACCOUNT

1. Transactions typically occur in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle.
2. Must have a bank account in the U.S. to use Zelle.
3. In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle.

Annual Percentage Yield (APY) effective June 15, 2022. Interest rates may change at any time after the account is opened. Fees may reduce earnings on accounts.

Balance Tiers Base Interest Rate Reward Interest Rate1 APY Min. Balance to Open Min. Balance2 to Earn Interest
Standard Rate 0.03% - 0.03% $25 $0
Tier 1 Rate
$0 - $20,000
0.03% 0.97% 1.00% $25 $0
Tier 2 Rate
$20,000.01 & Over
0.03% - 1.00% - 0.21%3 $25 $20,000.01

[1] Our Shaka account has a special feature that pays a higher interest rate (Reward Interest Rate) and APY on Tier 1 balances if you meet ALL of the following transaction requirements during the calendar month:

  1. 15 or more debit card transactions (point of-sale purchases) post to your account during the month totaling $75 or more (ATM transactions do not qualify); and
  2. A qualified direct deposit is credited to your account during the month. A qualified direct deposit is a recurring electronic deposit of paychecks, Social Security benefits, or other regularly scheduled income payments of $25 or more (transfers from one account to another do not qualify). 

When you meet all the transaction requirements, depending on your account balance, two different interest rates and APYs could be paid on your account during the month. The tiered interest rates and APYs shown above will be paid only on that portion of your balance that is within the tier range. If your account does not meet all the transaction requirements for the tiered rates, the Standard Rate Tier noted above will apply to your entire balance. The maximum monthly Reward Interest Rate earnings is $17.

[2] This is the daily balance (i.e., the amount of principal in the account each day).

[3] The APYs shown are for representative balances of $20,000.01 and $100,000. The APY decreases for larger balances because more interest is earned at the lower interest rate. Specifically, if you meet all the transaction requirements above during a calendar month, an APY of 1.00% would apply to account balances between $0 and $20,000. For account balances in excess of $20,000:

  • An APY of 1.00% would apply to the first $20,000 of the total account balance; and
  • An APY of 0.03% would apply to any portion of the account balance in excess of $20,000 (i.e., is equal to or greater than $20,000.01).

If your account contains a zero balance for 60 days, we reserve the right to automatically close the account.