Whether you’re part of a church, club, alumni association, or community organisation, our programme can help you grow your finances and support the causes that matter most to you. It’s an easy, impactful way to work toward your collective financial goals, while earning rewards along the way.
Start your journey today with the JN Bank Affinity Club. The minimum balance to open group accounts is J$15,000 and J$2,500 for individual accounts.
Saving together has never been easier!
This is a regular savings product, which allows clubs and societies, associations, agencies, churches, alumni groups, community-based and non-profit entities and their members, to benefit from special incentives for saving with JN Bank.
The JN Bank Affinity Savings Club Account be available to new and current members on May 5, 2025.
Clubs and societies, associations, agencies, churches, etc., must establish a ‘Group Account’ before members can join the programme. The affiliated members can open accounts after the Group’s Account has been opened.
An Affinity Savings Club Account Authorisation Form is to be completed by each (individual) applicant indicating the club, church or association to which they are affiliated. Each church, group, association, etc., will only be allowed to open one Affinity Savings Club Account, while individuals will be allowed to open multiple Affinity Savings Club Accounts.
The documents required to access this account are outlined below. KYC documentation required if the customer is not KYC compliant will include:
Non-Personal*
â–ª Account Opening Form (Non-Personal)
â–ª Resolution for Companies/Clubs & Associations/Partnerships/Sole Traders
â–ª Entity Self Certification Form
â–ª Tax Compliance Certificate
â–ª Entity TRN
â–ª Written authorisation (E.g. Financial Institutions Mandate/Minutes of Last Meeting/Letter on the entity’s letterhead signed by a Director/Officer) from entity authorising opening of account
â–ª Directors’ Resolution authorising entities’ management to open account(s) and engage in transactions
â–ª Certificate of Registration/ Certificate of Incorporation
â–ª Proof of Address for entity
â–ª Most recent Audited Financial Statement or In-House Statement for entities incorporated under 18 months
â–ª Articles of Incorporation (for entities registered after 2004 – must be certified as compared to the original)
â–ª Memorandum & Articles of Association (for entities registered before 2004 – must be certified as compared to the original)
â–ª Partnership Agreement
â–ª Registration Certificate issued by Independent Schools Committee (where the proprietor is a company, the documentation for companies must be supplied)
â–ª Documented Authority received from the Ministry of Finance
â–ª Act passed by Parliament /Certificate of Incorporation/Letter from the National Umbrella Association
â–ª By-Laws
â–ª Constitution
â–ª Names & Addresses of All Beneficiaries
*Documents listed above (Non- Personal) are required based on the type of entity opening an account as outlined by the JN Account Opening Checklist for Entities.
Personal
â–ª Customer Information Form (CIF)
â–ª Proof of Address
â–ª Proof of Employment
â–ª Government Issued ID
â–ª Tax Identification Number (TRN/SSN/NN)
â–ª Source of Funds
â–ª FATCA Certification
â–ª Affinity Savings Club Account Authorisation Form
The required opening deposit for this account depends on the type of account holder. For groups, such as agencies, associations, and churches, the opening deposit is J$15,000. For individual members, the required deposit is J$2,500.
Clubs, associations, etc., will receive 5 per cent of the accumulated net interest from affiliated Members’ Savings accounts as a bonus at the end of JN Bank’s financial year. Interest will accrue daily and be payable on March 31 every year.
Groups and their members stand to gain several valuable benefits by opening Affinity Savings Club Accounts. These include:
â–ª Access to attractive interest rates
â–ª Free Audit Letter or Certificate of Balance at the end of the financial year for tax reporting purposes
â–ª Retirement and Life Protection Planning sessions, designed to support long-term financial well-being and security, delivered by JN Life Insurance Company
Groups and their members will be able to conveniently access and manage the account through multiple channels, including in-branch, via an ATM card, and JN Bank LIVE online banking.
No, members cannot use funds in the account to secure loans from JN Bank or any other entity.
The account is subject to withholding tax in Jamaica for residents of Jamaica. For overseas residents (with proof of non-residency), withholding tax is not applicable.
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