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BOJ Empowering You: Regulated Financial Institutions
Empowering You
18 October 2021
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: Know Your Customer (KYC)
Empowering You
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.
BOJ Empowering You: How Much Do I Save?
Empowering You
Originally uploaded on Oct 17, 2021
BOJ Empowering You: Know Your Customer (KYC)
Empowering You
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.
BOJ Empowering You: How To Open A Savings Account
Empowering You
Not sure how to open a savings account? Call your local financial institution to get all the details.
BOJ Empowering You: Lessons about Financial Products
Empowering You
All financial institutions have information about their products and services online, including their fees. Some offer savings, insurance, investment and retirement planning.
BOJ Empowering You: Is My Money Safe?
Empowering You
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: Making Financial Goals
Empowering You
Make a plan - and get expert advice from a licensed financial advisor
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