What is a Jiko Pocket?

Jiko Pockets are the accounts where clients store and move money at Jiko. They are made up of a bank account at Jiko Bank and a brokerage account at Jiko Securities (Jiko’s registered broker-dealer), connected at the hip to facilitate money movement through traditional banking rails (wires, ACH, and card transactions) and direct investment of funds in U.S. Treasury bills. Jiko Pockets are powered by T-bill agents: autonomous entities that continuously keep cash invested in T-bills, monitor balances, liquidate positions, and support payments, 24/7.

The end experience for clients is an extremely seamless way to access the safety and yield of  T-bills while maintaining the transactional capabilities of a traditional bank account. Because client funds are held in T-bills in their name and not commingled or pooled with other funds, clients are not exposed to unnecessary counterparty risks they would be with other financial institutions.

Within Jiko’s platform, clients can create and manage multiple Pockets, each with its purpose or designation, so businesses can still segment funds as needed while maintaining control and visibility in one consolidated system.