In Indonesia, there are quite a few banks operating to facilitate domestic financial transactions for the public. One such bank is Bank Jago, a digital bank with services resembling those of conventional banks. This includes the existence of a Bank Jago code for conducting transactions within this bank.
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The limited information on digital banking services has led many people to want to know more about what and how transactions are conducted in such banks. This includes understanding how to use the bank code tailored to the type of financial transaction being carried out. In clearer terms, the following is information related to digital bank transactions, including transactions using the Bank Jago code via smartphones or the virtual world.
About Bank Jago
Before delving further into information about the Bank Jago code, it is advisable to get to know what Bank Jago is and how it operates in Indonesia. The history of this bank began in 2020, but it had been operating in Indonesia since 1996 under the name PT Bank Artos Indonesia Tbk. In 2020, after a share acquisition, it was renamed PT Bank Jago Tbk.
This bank is officially registered with the Financial Services Authority (OJK) in Indonesia. Therefore, all the services it offers are legal. What sets this bank’s services apart from others is its digital application concept, making various transactions easier and more cost-effective.
In its operations in the country, Bank Jago provides services to its customers, ranging from digital financial transaction services, both conventional and Sharia-based. In addition, through the bank’s developed application, it offers various attractive features, including VISA debit cards, QRIS services, savings accounts with various account options, as well as fund transfers and payments. All of these can be done through the bank’s application accessible via smartphones or websites.
Bank Jago Code for Fund Transfer
To facilitate financial transactions with this bank, the Bank Jago code is essential, especially when making fund transfers. Like other official banks in Indonesia, Bank Jago also has a transaction code assigned by Bank Indonesia to ease fund transfers to this bank.
Anyone looking to send funds or transfer money to a Bank Jago account should be aware of the three bank code numbers. Bank Indonesia officially assigns the number 542 as the Bank Jago code for fund transfers. Therefore, always include the Bank Jago code 542 when transferring funds to a recipient’s account at Bank Jago.
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Digital Fund Transfer
Sending funds to Bank Jago can be done with digital transactions via mobile banking or internet banking. With this ease, all customers can send funds anytime and anywhere, as long as they have adequate internet connectivity.
The process involves using the mobile banking account and selecting the interbank transfer service. Then, enter the Bank Jago code before the recipient’s account number when entering the destination account. The account holder’s name at Bank Jago will indirectly appear, and the sender can simply complete the transaction until the fund transfer is successfully done.
ATM Fund Transfer
Sending funds can also be done via ATMs. Despite being a digital service, Bank Jago provides a debit card facility supported by international VISA services. Therefore, customers can also make fund transfers via any VISA-branded ATM.
To do this, insert the ATM card and choose the fund transfer service. Then enter the Bank Jago code, followed by the recipient’s account number. Enter the amount of funds to be sent and press the next button. The ATM will display the recipient’s name, and the sender needs to verify its accuracy. If correct, proceed with the transaction, and the fund transfer process will be completed.
Whether sending funds digitally or via ATMs, customers will incur additional fees for these transactions. The fee for interbank online transfers from other banks is 6,500 Indonesian Rupiah, similar to other banks.
Other Bank Jago Codes for Financial Transactions
Bank Jago’s services are not limited to fund transfer transactions alone. This bank account can also be used for other transactions, such as payments, topping up funds, and mutual fund investment transactions, each requiring its own Bank Jago code.
Payment Transactions
For payment transactions, Bank Jago accounts can be used to pay monthly bills such as electricity, water, and even internet or telephone bills. To enjoy this facility, Bank Jago customers must use the transaction code service as displayed on the transaction screen.
Top-Up Fund Transactions
Bank Jago also collaborates with Gojek Indonesia. Therefore, bank users can easily top up or add funds to their Gopay accounts. This can be done by following the top-up instructions within the digital service and entering the desired amount of funds for the top-up. Automatically, funds from the Bank Jago savings account will be sent to the designated Gopay account.
Mutual Fund Purchase Transactions
Finally, Bank Jago can be used to purchase mutual funds for those interested in investing. To successfully complete this transaction, use the Bank Jago code for digital mutual fund purchases. The process is quick and easy, allowing for investment returns within hours. Not only purchasing, but the selling process is also straightforward and can be done quickly.
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Through the information provided above, the public can gain the most accurate understanding, especially regarding the Bank Jago code and its use in various types of transactions. Whether it’s fund transfers, payment transactions, or various other financial transactions, Bank Jago provides the necessary codes for seamless transactions.