Juno review
Juno isn't available on Finder right now.
- Fee
- $0 per month
- APY
- Up to 5.00%
- Minimum deposit to open
- $0
Our verdict
A checking account with 5% cashback rewards and a 5% yearly bonus on balances up to $250,000 with qualifying deposits.
Juno is a premier checking account when it comes to rewards. You get an APY-like annual bonus rate of 5% APY on balances between $20,000 and $250,000 and 3% APY on balances below $20,000. This is on top of offering 5% cash back at select retailers on up to $500 to $6,000, depending on your membership tier. But Juno doesn't support joint accounts or wire transfers, which may be deal breakers depending on your needs.
Best for: Tech-savvy consumers who want to earn cashback rewards for purchases.
Pros
-
5% yearly bonus on balances up to $250,000
-
Option to receive direct deposits in crypto
-
5% cashback rewards at eligible retailers
Cons
-
No joint accounts
-
Doesn't support wire transfers
MUST READ: New account creation paused
Juno is experiencing issues with its banking service provider, and has paused new account creation for the time being.
How much does Juno cost?
Juno offers two tiers: a free Basic version and a premium Metal version that requires qualifying deposits. Neither requires a minimum balance to open.
| Name | Monthly cost | Benefits | Minimum deposit to open |
|---|---|---|---|
| Basic | Free |
| $0 |
| Metal | Free with qualifying monthly direct deposits of $250 or more. If you can’t meet this requirement, your account reverts to Basic. |
| $0 |
How do I open an Juno account?
Qualifying US citizens can open an Juno in six steps:
- Go to the provider’s site and follow the steps to apply.
- Select Open Account from the official Juno account website.
- Enter your full name, email and password and choose Open Account.
- Enter your personal information, phone number and home address and select Next.
- Enter your Social Security Number and select Next.
- Follow the prompts to verify your identity and submit your application.
Eligibility
Open a Juno account when you meet three requirements:
- At least 18 years old
- US resident
- Valid Social Security number
Required information
Have this information ready when it’s time to open your account:
- Full name
- Residential address
- Social Security number
What makes Juno shine
Juno offers high bonus and cashback rewards that are hard to find with other checking accounts. Dive into the features to see how it stands out.
Cashback rewards
Juno is one of just a handful of checking accounts on the market that offers cashback rewards on purchases. Juno supports a wide list of merchants through which your spending is eligible for cash back. You choose five from the list of participating merchants to earn 5% cash back when you shop with that merchant, up to a certain spending limit depending on the membership tier you’re under.
For both the Basic and Metal tier, you earn 5% cash back on five brands. But the Basic plan caps rewards on up to $500 in purchases a year, while the Metal plan is capped at $6,000 per year.
Depending on your tier, here’s how much you could earn if you spend $1,000 a year with your five favorite brands:
| Plan | Total cash back earned in a year |
|---|---|
| Basic | $25 |
| Metal | $50 |
Here’s what you’ll earn if you spend $3,000 a year:
| Plan | Total cash back earned in a year |
|---|---|
| Basic | $25 |
| Metal | $150 |
No matter how much you spend a year, you earn the same amount of cash back with the Basic plan, since it’s capped at $500. While Metal users continue earning more cash back until they reach the $6,000 spending limit.
Crypto rewards
A new addition to the account is the ability to earn JCOIN Rewards, Juno’s native coin as part of it’s loyalty program. This currency let’s you boost your cashback rewards limits or your account savings rate for a certain period of time by spending JCOINs. You can earn JCOINs in one of three ways.
- Direct deposit. For every dollar you deposit into your account through direct deposit, you’ll earn 1 JCOIN. If you choose to get paid in crypto, you’ll earn 2 JCOINs for every equivalent dollar.
- Spending with a Juno card. For every dollar you spend using your Juno card, you’ll earn 1 JCOIN. If you spend in crypto, you’ll earn 2 JCOINs for every equivalent dollar.
- Refer a friend. Refer a friend to Juno and you’ll earn $10 and 1,000 JCOINs when they fund their crypto wallet.
The full details of the boosting system aren’t yet known, though it appears you can boost your cashback limits as well as your interest bonus on your checking account.
Bonus savings
The chief draw of Juno is the bonus savings you earn on your balance. Combined with the cashback rewards also available on the card, you generate a lot of value without much effort.
Whether you’re in the Basic or Metal tier, all members earn a 5% annualized bonus rate on balances between $20,000 and $250,000 and 3% on balances below $20,000. This bonus is calculated daily and compounded monthly.
Here is how much you may earn with the bonus rate based on your account balance over the course of one year:
| Account balance | Bonus rate | Total earned in a year |
|---|---|---|
| $10,000 | 5% | $511.90 |
| $30,000 | 3% | $912.65 |
Although you’re limited to receiving the savings bonus on the first $250,000 total held in your account, this isn’t a major drawback. This is because like most accounts, you’re only FDIC insured up to $250,000.
Crypto pay
Juno also comes with several optional crypto integrations if you choose to diversify your savings. Chief among them is the ability to buy or sell supported cryptocurrency through the Juno app. Supported networks include Bitcoin, Ethereum, Solana, Avalanche, Stellar, Polygon, Arbitrum and Optimism.
Juno also allows you to receive all or part of your direct-deposit paycheck in a Juno-supported cryptocurrency. Receiving your paycheck as crypto will earn you twice the amount of JCOINs you would otherwise earn by receiving your direct deposit in US dollars.
Juno’s ATM network and fees
Juno is part of the Allpoint and MoneyPass ATM networks, giving you free access to more than 85,000 ATMs nationwide. Plus, get one out-of-network ATM reimbursement on the Basic plan and three reimbursements on the Metal plan.
Where Juno falls short
For all its strengths, Juno does have a few shortcomings. It lacks a few features that tend to be present on a majority of checking account: wire transfers for funds and joint accounts. And in terms of pure APY, it lags a bit behind some dedicated high-yield savings accounts, which may offer APYs of 3.50% or more. So if you’re looking to grow your savings, you’ll want to look at a high-yield savings account instead.
Compare Juno with other checking accounts
See how Juno stacks up to other checking accounts and compare to see how features such as APY and minimum deposits compare side by side.
How do I deposit or withdraw my money?
Juno offers several ways to deposit cash and move your money between external accounts with a maximum transfer limit of $5,000 per transaction. If you need to transfer more money, contact customer support team about the possibility of increasing your limit.
Deposits
- Direct deposit
- Remote check deposit through mobile app
- ACH transfer
- Transfer from a linked bank account
Withdrawals
- ATM
- Cash back at a retailer
- ACH transfer
- Transfer to a linked bank account
Is Juno safe to use?
Yes. While not a true bank account, your funds held in a Juno account are FDIC-insured up to $250,000 through its partner Evolve Bank & Trust. It also offers a zero-liability policy for its debit cards, which protects you if your card information is compromised. However, any crypto you purchase or hold is not insured.
Juno’s website is protected through biometric authentication, and PIN authentication is required for each transaction.
Customer experience
Many customer thoughts on Juno center on the network’s crypto dealings rather than the financial management and checking aspect. With that said, Juno is generally liked among crypto-enthusiasts and feels the company is promising moving forward.
Customers on TrustPilot praise Juno’s excellent customer service as well as the perks associated with their financial services. You can reach Juno customer service 24/7.
Checking account ratings
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.
Juno is not currently available on Finder
Have you considered SoFi Checking and Savings?
Earn up to 4.50% APY on savings by meeting deposit requirements, and 0.50% APY on checking balances. Members without deposit requirements will earn 0.50% APY on both savings and checking balances. Turn on automatic savings or use the Roundups feature to help you reach your savings goals faster. Get up to $2M of additional FDIC insurance through a network of participating banks.
- 0.50% APY on checking balance
- Up to 4.50% APY on savings
- $0 account or overdraft fees
- Get up to a $300 bonus with direct deposits of $5,000 or more
Your reviews
Cassidy Finder
Writer
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