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Common Cents
EP1- Common Cents with BOJ
Stop guessing and start knowing! When Miss Pat notices unexpected charges on her new account, Derek steps in to explain her rights under the Banking Act. From fair treatment to having a voice through formal complaints, this episode of "Common Cents with BOJ" covers what you need to know to navigate the banking system with confidence. Watch now and take control of your financial journey.
BOJ Real Talk
BOJ Real Talk: Ep. 10 - Importance of CDD and KYC
John now wishes to open an account with the money he has accumulated over time. While at the building society with his mom, John learns the importance of simplified Customer Due Diligence (CDD) and Know Your Customer (KYC).
BOJ Real Talk
BOJ Real Talk: Ep. 9 - Reaching your Goals
John and Latoya are both happy as they successfully reached their goals through proper budgeting and staying disciplined. John and Latoya created new budgets and are going after new financial goals
BOJ Real Talk
BOJ Real Talk : Ep. 8 - Financial Goals
John created a budget and is on his way to saving for his videogame system. He decides to teach his classmate Latoya how to budget and reach her financial goals
BOJ Real Talk
BOJ Real Talk : Ep. 7 - Identifying a License Financial Institution
John’s mother wants John to develop a habit of saving so she is opening a bank account for him to save his lunch money and allowances. In this episode, we look at consumer protection – how to know when a financial institution is licensed.
Empowering You
BOJ Empowering You: Making Financial Goals
Make a plan - and get expert advice from a licensed financial advisor
Empowering You
BOJ Empowering You: Is My Money Safe?
Once you save at a licensed bank, you are covered by deposit insurance up to 1.2 million per depositor per bank. Check out JDIC's website https://www.jdic.org/
Empowering You
BOJ Empowering You: Know Your Customer (KYC)
Know Your Customer and sometimes Know Your Client. KYC or KYC check is the mandatory process of identifying and verifying the client's identity when opening an account and periodically over time. In other words, banks must make sure that their clients are genuinely who they claim to be.
Empowering You
BOJ Empowering You: How To Open A Savings Account
Not sure how to open a savings account? Call your local financial institution to get all the details.
Empowering You
BOJ Empowering You: Lessons about Financial Products
All financial institutions have information about their products and services online, including their fees. Some offer savings, insurance, investment and retirement planning.
The National Financial Inclusion Strategy was approved by Cabinet in May 2016 and was formally launched on 29 March 2017.
Bank of Jamaica is tasked with the responsibility of driving the National Financial Inclusion Strategy (NFIS) in collaboration with the Bank’s financial inclusion partners in the public and private sectors.
Implementation of the action items is done by the public sector entities and coordinated through the NFIS Thematic Working Groups.
About
1
Financial Access and Usage
Improving access to financial services offered by regulated financial institutions and encouraging the increased use of banking services and digital payments.
2
Financial Resilience
Promoting the use of savings, pension and insurance products to allow persons to better manage financial shocks, such as job losses and illnesses.
3
Financing for Growth
Creating the environment to allow for easier access to finance for households and firms, particularly Micro, Small and Medium-Sized Enterprises (MSMEs) to save, earn, invest and generate greater financial wealth.
4
Responsible Finance
To empower and protect consumers through financial literacy programmes and financial consumer protection laws.
2024
Launching of the NFIS Landing Page website
2023
Improved Financial Inclusion data infrastructure and policy engagements informed by surveys on financial literacy in youth, use of simplified CDD requirements and digital payments
2021
Continued Engagement on Radio and Via Conferences.
Bank of Jamaica launches its Financial Literacy Programmes - “BOJ Real Talk” and “BOJ Empowering You” on its social media platforms.
2019
Enactment of amendments to the Proceeds of Crime Act to allow for simplified customer due diligence requirements and easier account opening
2017
Launch of the NFIS by the Minister of Finance and the Public Service.
Bank of Jamaica establishes the Financial Inclusion Technical Secretariat.
If you have any feedback or questions about financial inclusion, feel free to fill out the contact form below, and we'll get back to you.
All other BOJ related queries should be directed to The BOJ Website Contact Page
Contact Us
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