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.
What are the Perks of Having a Bank 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.
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 Saving and Spending Pockets in the quantity you need. Just tap Create Pocket in the Jago application, 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. 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. This also depends on your Account Level.
4. Can have many Visa debit cards from Bank Jago for controlled spending
You can enjoy ease of transactions with Jago because you are free to have many Visa debit cards, depending on your Account Level as well.
When you want to make a payment or transaction, you can link your debit card to a specific Jago Pocket (Spending Pocket) that you've set up. When you're ready to pay at a store or online, you just need to switch the connected Pocket in the Jago application. For example, if you're doing your monthly shopping, simply link your card to the "Monthly Shopping" Pocket. This way, your expenses are automatically recorded in that specific Pocket, and you can track your remaining balance without having to manually calculate it.
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 savings with the 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.
Read the differences between Jago physical and digital debit cards in this article.
6. Can invest both short-term and 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 rates. 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.
7. You can save in foreign currencies directly in the Jago application
An equally attractive additional benefit of saving at Bank Jago is the ease of saving and investing in foreign currencies. Through the Foreign Currency Pocket feature, you can buy, save, and manage various popular foreign currencies such as USD, SGD, EUR, and JPY at competitive exchange rates without the hassle of visiting a branch office. This feature serves as a smart solution to protect the value of your assets from local inflation while preparing funds for future needs, such as vacation plans abroad, children's education funds overseas, or simply diversifying your financial portfolio.
What makes it even better is that this Foreign Currency Pocket can be directly linked to your Jago Card. So, when you are traveling abroad or making transactions on international e-commerce platforms, the payment will automatically debit funds from the corresponding Foreign Currency Pocket without any additional conversion fees.
Additional Benefits of Having a Bank Jago Account
You can enjoy is Bank Jago's strong integration with the digital ecosystem.
Jago's Integration with GoPay
Bank Jago and GoPay are seamlessly connected, allowing you to manage your daily expenses more efficiently. You can link your Jago account to GoPay and top up GoPay directly from your Jago Pocket with zero admin fees, as well as use a Jago Pocket as a payment method for various Gojek services and Tokopedia. Additionally, you can set up fund allocations. For example, you can create a "GoFood Meals Pocket" in the Jago application to separate funds specifically for ordering food from GoFood. This helps you control your spending.
Jago's Integration with Bibit and Stockbit
For those interested in investing, Bank Jago makes it easy through its integration with Bibit (mutual fund investments) and Stockbit (stock investments). You can link your Jago account with your Bibit account and open an RDN (Customer Fund Account) with Bank Jago directly from the Stockbit application. This process is quick and hassle-free. Once connected, you can start investing instantly and without transfer fees, making the investment experience more practical and cost-effective.
