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Shared Pockets
Risks of Shared Pockets
- The changes in the interest rate follow the market trend.
- Savings will not being covered by LPS if:
- The total amount of deposit exceeds Rp2 billion per customer per bank; and/or
- The applicable interest rate exceeds the LPS Deposit Insurance rate (click here for further information). Interest rate includes the reward from Bank in the form of cash.
- The risk of improper use of the collective funds in the Shared Pocket by the Pocket Owner because the Pocket Owner is the legal owner entitled to all the collected funds in the Shared Pocket.
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About Shared Pocket
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Owner, Can Spend and Can View
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