Everyone needs and loves money. But sometimes, money can be a fuss too. Think about the bank administration fee that you have to pay every month. Even though it’s just a few thousand Rupiahs, it is better spent on food or other necessities, right? What if you forget to pay your credit card bills? You’ll get a penalty.
It would be nice if you don’t have to spend money on unnecessary and unimportant stuff. Besides, it would be great if you can focus on living life to the fullest with the people who matter most in your life.
That’s why the Jago application, launched by Bank Jago, exists. Using the Jago app, you can enjoy managing finances in the palm of your hand with no hassle.
Without further ado, if you have a Jago account, the following are some of the most noteworthy benefits that you can immediately enjoy once your account is successfully set up.
Perks of Having a Jago Account
1. Managing finances becomes simple and fun
This is the main benefit of having a Jago account. Some people think that a bank is a place for saving and transferring money only.
But with Jago, it’s totally different. Having a Jago account, you can be a real Jagoan in managing finances. But first, you need to download the Jago application first.
Jago has a unique name for your bank account. It is called “Pocket”. This popular feature is going to be super helpful when you need to separate money and have a very clear idea of your savings and spendings.
For a clearer picture, the Pocket can be categorized into two, namely Saving Pocket and Spending Pocket.
You can create up to 20 Pockets for Saving and Spending Pockets respectively. Just tap create, as simple as that.
You can also name each of your Pockets, it’s totally up to you: Household Necessities, Eating Out and Installment Payment for Spending Pockets, for example.
Every transaction is recorded by Jago. All can be seen directly in the application. You don’t have to prepare a notebook to record where your money goes.
2. No monthly admin fee
Yes, you read it correctly. If you have a Jago bank account, you don’t have to pay the admin fee every month. As briefly mentioned above, although the admin fee is not that much, by the end of the year you may be able to buy that bag or shirt you want if you never spend money on the monthly admin fee.
3. Free interbank transfer, e-wallet top-up and cash withdrawal at other ATMs
Don’t you hate it when you want to transfer money to your friend but your friend’s bank account is different? The thought about having to pay for an interbank transfer fee immediately pops into your head. The same thing happens when you have to top up your e-wallet.
The solution? Simply open a Jago bank account because Jago will pay for your interbank transfer and e-wallet top-up fees. You can enjoy a quota of up to 150 times per month, depending on your Account Level (starting 1 September 2022). For now, the free quota is 25x per month. Especially for GoPay, you can enjoy unlimited top-up, yeay!
Free cash withdrawal at other ATMs is highly beneficial for you in case you have an urgency to withdraw some cash but unfortunately you cannot find your bank’s ATM or when your bank’s ATM is not located close to your house (the only ATM you can find is the ATM of another bank). With Jago, you can withdraw cash from other ATMs free of charge up to 10 times. This also depends on your Account Level. For now, let's enjoy the 5-time free quota.
4. Can have many Visa debit cards for easy budgeting
You can enjoy ease of budgeting and transactions with Jago because you are free to have many Visa debit cards.
Particularly for physical debit cards, you can personalize by having your name on the cards. What’s more, you are not required to visit a Jago branch. Jago will deliver your physical debit cards right to your doorstep. So, make sure you provide the right address.
5. Flexible investment with Locked Pocket
There are many types of investments out there that don’t excite you because apart from a high deposit limit, the locking period is also long, such as time deposits.
That’s why Jago released a feature called Locked Pocket. Investment in Locked Pockets is very flexible. If you have 100 thousand rupiah, you can lock it to get interest. Then, the locking period can also be as short as 14 days. So, if you need money urgently, you don’t have to wait for long.
The flexibility of the Locked Pocket is also felt when you can top up at any time. For example, if you have extra money, you can add it directly to the Locked Pocket. Interest will adjust automatically.
6. You can invest long-term and save emergency funds in the Jago Term Deposit
Want to grow your assets by investing long term? The right choice falls on the Jago Term Deposit. Open a Jago Deposit directly from the Jago application and get ready to enjoy competitive interest which can be disbursed monthly. For long-term investments, you can choose automatic deposit renewal at maturity.
Another benefit of opening a Jago Deposit is that there are no penalty fees that you have to pay when withdrawing before the maturity date, so it is also suitable as a place to save emergency funds.
What are you waiting for? Try it now and you’ll see how fun it is to have a Jago account.
