FAQs
JN Bank has four different fixed deposit accounts, namely the BeWise Savings Plan-Local, BeWise Savings Plan-Foreign, Direct Gain Account and the Goal Saver Account. Contractual Savings-With a contractual savings account, you commit to making regular deposits for a fixed period, as desired.
What is the minimum balance in JN Bank? ›
You only need to take your TRN and ID to start saving. You can start with a minimum balance as little as $100. The government will provide you with $2,500 when you open your account* There are no minimum balance fees.
What is easy save account? ›
Easy Save Account is designed specifically to encourage savings from individuals with low or irregular income. Are you looking for a hassle-free way to save money?
How much does it cost to open a JN account in Jamaica? ›
Your JN Bank Redi Savings offers a variety of account types that you can open using only your TRN and ID. You can open either: A regular savings accounts with a minimum deposit of $100.
Which bank has the best interest rate in Jamaica? ›
- Bank of Nova Scotia (BNS) Savings. 0.26. ...
- Citibank N.A. (CBNA)* Savings. 0.50. ...
- First Caribbean International Bank (FCIB) Savings. 0.98. ...
- First Global Bank (FGB) Savings. 0.24. ...
- JMMB Bank (Jamaica) Limited. Savings. 1.46. ...
- Jamaica National Bank (JNBANK) Savings. ...
- National Commercial Bank (NCB) Savings. ...
- Sagicor Bank Jamaica (SBJ) Savings.
What are the 2 most common accounts in a bank? ›
You've probably got a basic awareness of the two most common bank accounts, checking and savings.
How much is the deposit fee at J&N bank? ›
In-Branch Deposit/Lodgement 2.30% of deposit amount in excess of FC 500 units per day.
How much money can I withdraw from JN Bank in a day? ›
The next time you think about joining a line to do a deposit or withdrawal, remember that our smart ATMs are available for quick and easy transactions. Plus, you can withdraw up to $100,000 in a day at JN Bank ATMs. Was this article helpful?
Can I open a bank account in Jamaica from overseas? ›
Overseas Applicants (Non-Residents):
Fully Completed CIF for all applicants. 2 Proof of Residential Address (Notarized copy of recent utility bill or bank statement) Proof of Employment (letter from employer, recent pay slip) 2 Current & Valid Identifications duly notarized.
Can I take money out of my easy saver account? ›
You can withdraw your money in branch. After 12 months, you'll get your interest and the account will change to a Standard Saver.
An Easy Savings Account is a savings account with no maintaining balance designed for everyone's use: A debit and an ATM MasterCard savings account in one, it's your everyday partner in everything that you do: shopping, dining, paying bills, and more. Enjoy exclusive promos from our partner merchants.
How to open easy savings account? ›
It's relatively easy to open a savings account at most banks and credit unions, although it usually takes several steps.
- Compare your options. ...
- Gather required documents. ...
- Choose a joint or individual account. ...
- Fund your account. ...
- Submit your application. ...
- Set up online banking.
Can a jamaican have a us bank account? ›
Yes, you can. The process might be a bit complicated for non-citizens, but it's not impossible. Whether it's for business, travel, or personal reasons, setting up a US bank account will be worth the trouble. Banking in the US has many advantages.
What Jamaican banks are in the US? ›
The Jamaica National Building Society and Victoria Mutual Building Society are Jamaican financial institutions with offices in the U.S. All Jamaican commercial banks have correspondent U.S. banking arrangements.
How to join JN Bank in Jamaica? ›
Jamaican residents
- Fully Completed CIF for all applicants.
- Proof of Residential Address (recent utility bill, bank statement, other official mail, property tax receipt, lease agreement or rent receipt (rent receipts should indicate clearly the address of the property)
What are the different account categories? ›
The 5 primary account categories are assets, liabilities, equity, expenses, and income (revenue)
What types of accounts are offered at a bank? ›
The four basic types are checking account, savings account, certificate of deposit and money market account. Each kind of account serves a different purpose. For instance, a checking account is geared toward covering everyday expenses, while a savings account is designed to help achieve short-term financial goals.
What is a bank account category? ›
The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs) Certificate of deposit accounts (CDs)
How do I look about a JN account? ›
Checking Account Balances and Conducting Transactions on JN Bank LIVE
- Sign into JN Bank LIVE.
- Click “Customer Service” then the “Add/Remove Accounts” button.
- Then click “Add Account” and put in the required info.
- To view your account balance, click “Savings” or “Current Accounts” to see your account balance.