Protect your budget from ups and downs
The Jam Jar Account may be just perfect for you. It is a budgeting account that is designed to help you manage your money. The Jam Jar account works by taking your money and dividing it into agreed jars that you cannot accidentally spend. You decide how much money to put into each jar.
Any left over money can be transferred to another external bank account or loaded onto the Credit Union Prepaid Card.
If you need help with dividing your money you can ask a support/welfare worker to help you. Our staff will then set up the Jars for you.
You could use this account to pay your regular bills, e.g. Electric/Gas, or you could set up a specific Jar to save for something special.
When you need to take money out, you phone us or call into a local point. If you provide the bill details we can even pay the bill direct for you. We will tell you if there isn’t enough money in your Jam Jar to make the payment.
If you have trouble budgeting for important bills or things that you want then this package could be for you.