Regular Savings - Foreign - JN Bank (2024)

FAQs

How much 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.

JN Bank UK launched in December 2019 as an authorised UK bank regulated by the Prudential Regulation Authority and the Financial Conduct Authority.

Foreign savings accounts allow you to invest your money in a currency other than the dollar. A foreign savings account can be opened when you're in another country or by contacting an overseas bank online if it opens accounts that way.

You must be living in the U.S. to open your account. You'll need to provide both a foreign and U.S. address, as well as two forms of ID and a tax identification number.

National Commercial Bank Jamaica Limited (NCB) on LinkedIn: NCB is Jamaica's Safest Bank for The Tenth Consecutive Year.

Like other ATMs, the machines can also do balance enquiries. 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?

Holding funds in foreign currencies with a bank outside the US is perfectly legal, as long as you're mindful of tax implications both at home and in the country where the account is based.

How much money can you keep in a foreign bank account? ›

The Bottom Line. Under the Bank Secrecy Act, U.S. taxpayers must report their overseas bank accounts and financial assets, even if those assets do not generate taxable income. You must report any account with more than $10,000, or if your combined accounts have a total value greater than $10,000.

A United States person that has a financial interest in or signature authority over foreign financial accounts must file an FBAR if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year. The full line item instructions are located at FBAR Line Item Instructions.

After almost 20 years, your JN Bank Florida Representative Office will embark on a new chapter in its history that will enhance its service to you and other Jamaicans in the United States of America.

Your JN Visa Classic Card is an internationally accepted credit card offering competitive interest rates.

Welcome to JN LIVE Online Banking.

Proof of Employment (letter from employer, recent pay slip) 2 Current & Valid Identifications duly notarized. (For Non-Jamaicans, at least one (1) ID must be a passport or permanent resident card) 2 Completed Character Reference Form (Non-Jamaicans need at least 1 referral from a reputable financial institution)

Valid Identification – Passport, Driver's License, Voter Identification card, State Identification, Citizenship Card. TRN, SSN, NI card, SIN. Proof of Address – Utility Bill, Bank Statement, Credit Card Statement (which should be 6 months old or less), Address Verification Form for Jamaican residents.

Minimum age 18 yrs. A minimum opening balance of only J$1,000. You will receive your Midas card and three free transactions monthly at any NCB Automated Banking Machines (ABM) or Point of Sale (POS) machines. 24/7 access to your access via ABM, Telephone banking and Internet Banking.