6. HOW DO I SIGN UP FOR MYCASH?
You can register for a MyCash Wallet through the MyCash App, USSD Menu (*172#) or by visiting any authorized Paymaster location island wide.
7. WHAT INFORMATION AND DOCUMENTS DO I NEED TO SIGN UP?
The information and documents needed are based on the type of wallet you want, MyCash requires the following information and documents:
Minimum Client Data to be Collected at Registration |
Full Name |
Date of Birth |
TRN |
Telephone Number |
8. HOW MUCH MONEY CAN I HAVE IN MY MYCASH WALLET?
Limits and documentation required | MyCash | MyCash Plus |
Wallet Limit | $35,000 | $250,000 |
Monthly Limit | $100,000 | $500,000 |
POS Transaction Limit | $20,000 | $75,000 |
Daily Spend Limit | $35,000 | $75,000 |
ATM Withdrawal Limit (Not yet Available) | $20,000 | $40,000 |
Merchant Withdrawal Limit (Not yet Available) | $20,000 | $50,000 |
P2P Transaction Limit | $20,000 | $50,000 |
Daily Load Limit | $35,000 | $250,000 |
Name | ü | ü |
DOB | ü | ü |
TRN | ü | ü |
Telephone Number | ü | ü |
Photo ID | ü | |
Selfie (Upload In-App) |
| ü |
Proof of Address (As requested) |
| ü |
Email Address |
| ü |
ID Type & Number |
| ü |
Declaration of Source of Funds |
| ü |
Declaration of Occupation or Line of Business |
| ü |
9. WHAT IS A VALID PROOF OF ADDRESS?
A valid proof of address is any of the following:
• Utility bill (no more than 3 months old)
• Current statement from a financial institution (no more than 3 months old)
• Stamped letter from a Justice of the Peace
• Lease or rental agreement or landlord’s utility bill supported by rental agreement
10. WHAT IS CONSIDERED A LINE OF BUSINESS?
A Line of Business is considered the nature of your business. E.g. Accountant, Engineer, Mechanic etc. We implore that you refrain from using Entrepreneur as a line of business.
11. WHAT IS CONSIDERED A SOURCE OF FUNDS?
An acceptable document to validate the source of funds is a payslip, a job letter, a bank statement, or a remittance receipt.
12. HOW MUCH MONEY CAN I SPEND USING MY MYCASH WALLET?
The amount of money you can spend with your MyCash wallet is related to the wallet you have (see #7 - How much money can I have in my MyCash wallet).
13. WHY DO I NEED TO PROVIDE ALL THIS INFORMATION TO REGISTER FOR MYCASH?
We are required by the Bank of Jamaica (BOJ) to collect this information from our MyCash customers at the time of registration.