Jiko: Spendable T-Bills

Jiko Technologies

About this app

Jiko provides seamless access to the safety and yield of T-bills, paired with the spending features of a bank account.

EARN WHEN YOU SAVE
Jiko’s automated trading technology keeps you invested in T-bills so you can access the safety and competitive yield of government-backed T-bills without having to trade them yourself. Your earnings are updated in real-time on the Jiko app and may be tax-exempt at the state and local level(1).

REWARDS WHEN YOU SPEND
Access your money instantly by using Jiko debit cards. When you spend, your investments are automatically liquidated in real time, 24/7, to cover the cost of your purchase. Plus, you can earn 1% cashback on debit card purchases(2).

TRANSPARENT AND SECURE
Treasury bills are generally considered one of the safest investments available because they’re backed by the full faith and credit of the US government. Plus, you can spend with confidence as the Jiko Solid™ Debit Card displays limited information and can be locked from the app. Use Jiko Virtual Cards to generate multiple card numbers for online spending(3).

ABOUT JIKO
Jiko is a federally regulated financial institution that owns its national bank and is a registered broker. Jiko provides automated T-bill investment on behalf of customers, combined with the spending features of a bank account.

DISCLOSURES

INVESTMENTS IN T-BILLS:
NOT FDIC INSURED • NO BANK GUARANTEE • MAY LOSE VALUE

All U.S. treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org.

Banking services provided by Jiko Bank, a division of Mid-Central National Bank.

Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck (https://brokercheck.finra.org/firm/summary/287507), Jiko U.S. Treasuries Risk Disclosures (https://jiko.io/docs/disclosures.pdf) and Jiko Securities Inc. Form CRS (https://jiko.io/docs/CRSRelationshipSummary.pdf). Fees apply.

Illustrations are not representative of future or past performance.

1 - We do not provide tax or legal advice. Please consult your financial advisor or tax professional for advice.

2 - Cashback rewards apply to qualifying purchases only. See our Reward Program Terms for more information: https://jiko.io/docs/RewardProgram.pdf.

3 - Subject to current limitations. Learn more at https://jiko.io/docs/limitations.pdf

Ratings and reviews

I think this concept sounds great, but the app is not functioning properly. I downloaded the version available on Google Play, and set about registering within the app. The app then instructed me to download the latest version, and sent me back to Google play, where my only option was to open the existing app. And on and on it went. No updated version available to allow me to register. I'm looking forward to trying this out, so please correct.

I haven't invested yet but the concept. If you've never invested with treasury direct.gov before it's kind of hard to get tbills. It looks like you can $100 denominations at a discount and it's basically the equivalent of a discount certificate of deposit that lets you pull out when you need the money. I'm throwing in $100 to see where it goes. Wish me luck :)

Jiko is the worst banking app ever. They have held my funds for two weeks now after suspending my account. They do not respond to emails neither are they calling back scheduled calls. They asked for me to provide them with an account they ought to send my funds to but they have never.

What's new

[^] Bug fixes and general improvements.