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BOJ Empowering You: Is My Money Safe?
Empowering You
29 November 2021
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/
BOJ Empowering You: Regulated Financial Institutions
Empowering You
Financial entities licensed or supervised by Bank of Jamaica or the Financial Services Commission
BOJ Empowering You: Why Should I Save?
Empowering You
Why saving makes good financial sense.
BOJ Empowering You: Regulated Financial Institutions
Empowering You
It is safer because Bank of Jamaica regulates financial institutions, like deposit taking institutions. Plus people who save at a DTI get deposit insurance coverage.
BOJ Empowering You: What Is A DTI?
Empowering You
DTIs are commercial banks, merchant banks and building societies. Bank of Jamaica keeps the financial system stable by regulating institutions which accept deposits
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