NCB Jamaica review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
NCB Jamaica suits Jamaican savers who want everyday access to their money from an account with no monthly charge. Interest is variable and pays 0.55% to 1.2%, below the 3% median for savings accounts, so it works as a transactional base rather than a home for long term saving.
Key facts
- Best for
- A fee free everyday account in Jamaica with card, app and phone banking.
- Headline rate
- 0.55% to 1.2%↗
- Rate type
- Variable↗
- Term
- 60 months↗
- Minimum deposit
- JMD 5,000↗
- Access terms
- Unlimited deposits and withdrawals by debit card (subject to daily transaction limits); 24/7 ABM, Telephone Banking, Online Banking and Mobile App access↗
- Monthly fee
- JMD 0↗
- Account kind
- Easy access↗
- Legal entity
- National Commercial Bank Jamaica Limited↗
- Headquarters
- Jamaica↗
- Founded
- 1837↗
- Support channels
- Phone, Email, Chat, Help-centre↗
- Pricing model
- Fixed rate
- Official website
- jncb.com
Loans
- APR
- 13.99%↗
- Loan amount
- JMD 300,000 to JMD 5,000,000↗
- Arrangement fee
- JMD 4,500 to JMD 7,000 processing fee inclusive of GCT (Pay Advance Plus)↗
- Credit check
- Hard↗
- Funding time
- Within 24 hours of approval↗
- Representative example
- Fast Cash: JMD 100,000 is repaid at JMD 12,500 monthly for 12 months↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- Jamaican resident; employed at least 6 months with salary paid to an NCB account for the past 6 months; joint accounts do not qualify; no overdue NCB loans or credit card payments in the past 6 months↗
- Loan types
- Personal, Payday, Debt-consolidation, Secured↗
- Use cases
- Home-improvement↗
- Features
- Same-day funding
Credit cards
- Card kind
- Credit↗
Mortgages
- Initial rate
- 8.45%↗
- Fixed period
- 40 years↗
- Maximum loan to value
- 100%↗
- Purpose
- Purchase, First-time-buyer, Buy-to-let, Home-equity, Remortgage↗
Facts checked September 26, 2026, 12 sources
Apps and profiles
- Get the app
- App Store
- Elsewhere
- XLinkedInfacebook.cominstagram.com
Pros and cons
Pros
- The monthly fee is JMD 0, so holding the account costs nothing and is easy to keep alongside other banking.
- Free early repayment is offered on loans, so an advance can be settled ahead of schedule without an extra charge.
- Approved personal advances are funded Within 24 hours of approval by a bank that lends directly to customers.
Cons
- Interest is variable and pays 0.55% to 1.2%, below the 3% median for savings accounts on the site.
- Opening the account requires a minimum deposit of JMD 5,000, which puts a floor under the balance for anyone starting small.
- Advance eligibility is narrow: Jamaican residents, employed for a minimum period, salary paid into an NCB account and a clean NCB payment record over that period.
Who it suits
- Jamaican households who want a fee free everyday account with card, phone and app access.
- Borrowers paid a salary into an NCB account who want to clear a personal advance early without a charge.
- People who treat their balance as spendable money and want it reachable at any time.
Who should look elsewhere
- Anyone chasing a higher savings return, since Wise pays 3.29% on its interest product.
- Savers wanting a wider spread of deposit rates, as Finteres offers 0% to 36%.
- Euro account holders after a higher headline rate, since bunq pays 3.01%.
Rates and terms
Savings interest is variable, so what the balance earns can move rather than stay locked in. The account pays 0.55% to 1.2% on money left with the bank. On the lending side the annual percentage rate is 13.99% and borrowing terms run 60, spreading repayments over a longer stretch.
Who runs it
NCB Jamaica is operated by National Commercial Bank Jamaica Limited, headquartered in Jamaica, and has been in business since 1837. The Bank of Jamaica is the regulator for the Jamaican operation. Support runs on phone, email and chat, so help is available by phone, email, live chat and a help centre.
How NCB Jamaica compares
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Where NCB Jamaica is available
- Available
- Jamaica
- Licence in Jamaica
- Bank of Jamaica, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold the account?+
Holding the account is free, with a monthly fee of JMD 0 and a minimum deposit of JMD 5,000 to open it. Borrowing sits outside that, since the Pay Advance Plus product carries a processing fee that already includes GCT.
Who regulates NCB Jamaica?+
The Jamaican operation is regulated by the Bank of Jamaica, the regulator named for the country. Accounts and loans sit with the same legal entity, National Commercial Bank Jamaica Limited, and the bank has been in business since 1837.
Is the interest rate fixed?+
Interest is variable, so the rate can move instead of staying fixed for a term, and the account pays 0.55% to 1.2%. That suits keeping spendable money close at hand rather than tying it up for a fixed period.
How much can I borrow and what does it cost?+
Personal advances run JMD 300,000 to JMD 5,000,000 at an APR of 13.99% over terms of 60, with funding Within 24 hours of approval once a decision is made. Early repayment is free and applications run a hard credit check.
Who qualifies for a personal advance?+
Advance eligibility is aimed at Jamaican residents employed for a minimum period, with salary paid into an NCB account over that same stretch and no overdue NCB loan or credit card payments inside it.
Can I borrow against a home?+
Mortgages cover purchase, first time buyer and buy to let with an initial rate of 8.45% and a loan to value of 100%, fixed for a period of 40. NCB lends directly, so the same bank holding the deposit handles the application.
Sources
- jncb.com/about-us/who-we-are checked September 26, 2026
Backs: Founded, Legal entity
“Our roots date back to 1837, when the Colonial Bank opened in Kingston to support trade in a growing Jamaica.”
- jncb.com/offers/summer-mortgage-campaign checked September 26, 2026
Backs: Fixed period, Initial rate, Maximum loan to value
“Up to 40 years to repay, subject to the applicable age limit”
- jncb.com/offers/summer-unsecured-loan-campaign checked September 26, 2026
Backs: Loan amount, Credit check, Term, Use cases
“The minimum loan amount is J$300,000, and the maximum loan amount is J$5M (Personal Advance Loan)”
- jncb.com/personal/cards/all-cards checked September 26, 2026
Backs: Card kind
“Credit Cards”
- jncb.com/personal/cards/ncb-visa-debit checked September 26, 2026
Backs: Card type, Card network
“NCB Visa Debit ... DEBIT”
- jncb.com/personal/loans checked September 26, 2026
Backs: Features, Loan types
“Disbursement: Instant on Approval (Pay Advance)”
- jncb.com/personal/loans/faqs checked September 26, 2026
Backs: APR, Free early repayment, Pricing model, Arrangement fee, Representative example
“The interest rate is 13.99% APR, fixed for the life of the loan (Top-Up Unsecured Loan)”
- jncb.com/personal/loans/personal-advance checked September 26, 2026
Backs: Eligibility, Funding time, Lender type
“You're a Jamaican resident ... currently employed for at least 6 months ... salary has been paid to your NCB account for at least the past 6 months”
- jncb.com/personal/mortgage/mortgage-options checked September 26, 2026
Backs: Purpose
“Explore NCB mortgage options designed to help you buy a home, access equity in your property, or move your existing mortgage; Home Equity loan; Mortgage Switch facility offers you the flexibility of...”
- jncb.com/personal/open-account checked September 26, 2026
Backs: Access terms, Account kind, Free ATM withdrawals, Audience, Currencies, Minimum deposit, Monthly fee
“Unlimited deposits and withdrawals using your debit card (subject to daily transaction limits) - 24/7 access to ABMs, Telephone Banking, Online Banking and Mobile App”
- jncb.com/personal/rates checked September 26, 2026
Backs: Headline rate, Rate type
“NCB Regular Save - Balance $0 - $99,999 Interest Rate 0.55% ... $5,000,000 & over 1.20%”
- jncb.com/support/contact-us checked September 26, 2026
Backs: Headquarters, Support channels
“Head Office: National Commercial Bank Jamaica Limited 32 Trafalgar Road, Kingston 10, Jamaica W.I.”
- jncb.com/support/jdic checked September 26, 2026
Backs: Licences
Compiled from 13 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Deposit protection.
NCB Jamaica
A fee free everyday account in Jamaica with card, app and phone banking.