Have you started investing or transacting in the capital market, alongside saving for your future? Stock investing is a smart step. To facilitate these transactions, you need a Customer Fund Account (Rekening Dana Nasabah or RDN). The good news is, you can now easily open an RDN through Bank Jago!
What is a Customer Fund Account (RDN)?
The Customer Fund Account (RDN) is a special bank account mandatory for investors engaging in capital market transactions. Its function is highly specific:
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Source of Transaction Funds: The RDN is the account used to store funds for buying stocks or other investment assets.
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Custodian for Sale Proceeds: The RDN also holds the money resulting from the sale of your investment assets.
Is an RDN the same as a regular bank account?
No. Although an RDN is opened at a bank, it differs from your regular bank savings account.
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Purpose: A regular bank account is used for daily needs, transfers to fellow Jago users or other banks, and bill payments. An RDN can only be used for capital market transactions (buying/selling stocks, mutual funds, bonds, etc.) through a securities company.
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Usage: You cannot use your RDN for transactions such as ATM cash withdrawals and automatic payments.
The Bank Jago RDN Pocket with Zero Admin Fees
The RDN Pocket is the solution for those who want to transact in the capital market, for example stock investment with Stockbit.
Why do I need a Jago RDN for stock investing?
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Regulatory Requirement: An RDN is a mandatory requirement by the regulator (OJK) to ensure that investor funds are segregated from the funds of the securities company.
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Integrated System: The RDN Pocket is integrated directly with partner investment platforms, such as Stockbit, making the process of funding (top up) and withdrawing money faster and smoother.
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One Account, Multiple RDNs: You can have more than one RDN Pocket, specifically, 1 Investment Pocket for each investment platform.
How to Open a Jago RDN and Are There Any Fees?
1. How to Open a Jago RDN
Currently, you can open an RDN with Jago if you already have an account with one of Jago's partner investment platforms, such as Stockbit. The opening process will be guided through the partner platform's application.
2. Jago RDN Fees
Great news for Jago users! Opening and closing an RDN Pocket is completely free!
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No Admin Fees: The Jago RDN also does not charge any monthly administrative fees.
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Note: Transaction fees for buying and selling (brokerage fees) depend on the policy of the respective investment platform (Securities firm) you use.
Benefits of Managing RDN Funds with Jago
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Easy Top Up: You can fund your RDN Pocket (top up) anytime by transferring money from your Main Pocket or any other Jago Pocket.
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Withdrawal Process: Once you realize investment gains, simply initiate a withdrawal from your investment platform (e.g., from Stockbit). The money will automatically be transferred to your RDN Pocket, and Jago will notify you. After that, you are free to move the funds from the RDN Pocket to any other Pocket.
With the Jago RDN Pocket, stock investing is easier, more practical, and more comfortable. Start your investment journey today without being burdened by administrative fees!
