Juno Review: A Crypto-friendly Checking Account (Formerly OnJuno)

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Are you looking for a one-stop shop for your banking and crypto needs? OnJuno might be the solution you’ve been searching for.

This platform offers unique deposit account options. Not only does it provide stellar checking accounts for traditional fiat currency, but you’ll also find opportunities to build your crypto assets. 

If you are interested in crypto or tapping into an impressive APY, our Juno review can help you decide if the service is right for you. 

OnJuno Logo
4.4
Overall Rating

Summary

Juno offers a crypto-friendly checking account with stellar cashback opportunities. You can manage your cash and crypto from one of their two checking account options.

  • APY Options

    5

  • Products available

    5

  • Fee structure

    4

  • Customer service

    4

  • Mobile App

    4.2

Pros

  • Competitive APY
  • 5% to 10% cashback
  • Crypto paycheck option

Cons

  • Metal card requires direct deposit
  • No physical locations
  • No savings account option

What is Juno?

Juno home page

Juno is a fintech company that was founded by Varun Deshpande, Ratnesh Ray and Siddharth Verma. The company’s official legal name is CapitalJ Inc. However, it has branded itself as Juno.

Since its inception, the platform has been on a mission to “increase financial freedom and provide access to fair and transparent financial services.”

The basis of Juno’s offerings is an all-in-one banking experience that includes a checking account and cryptocurrency options. Customers can buy and sell cryptocurrency directly in their checking accounts.

Juno is designed to be safe for all users while allowing them to grow their money. It promotes maintaining good financial habits and wants to help customers reach their long-term goals.

Current promotions include:

  • Get $10 on your first crypto deposit to Juno
  • Get $100 on your first direct deposit to Juno

How Does Juno Work?

Juno combines banking and cryptocurrency into one platform. In turn, this makes it simple to manage more of your financial accounts in one place.

Registration Process

If you decide to use Juno, the process only takes five minutes and starts with providing your email address. 

From there, you’ll be asked to create a password and verify your email address. After your email is verified, you can apply for a checking account. 

Here are some of the things Juno will ask you for:

  • Name
  • Birthday
  • Phone number
  • Address
  • Social Security number

Getting these details ahead of time will help you breeze through the Juno application process. The final step is to verify your identity and sign a few documents, which may include a W-9. 

Once your account is approved, you can start enjoying a feature-filled checking account. 

Banking and Crypto Combined

Instead of sticking with either a crypto exchange or checking account, you can get the best of both worlds by working with Juno. 

The platform offers the ability to manage your cryptocurrency and fiat currency seamlessly in one place. It only takes a few seconds to buy or sell cryptocurrency directly in your checking account.

This means that you can use the funds immediately without having to wait for the usual three to seven business days. 

Juno customers can choose between two different checking accounts.

Basic Checking

The Basic checking account is free to use and doesn’t require any minimum deposits.

With Basic checking, you’ll receive: 

  • 1.20% on balances of up to $5,000
  • 5% cashback when you pay with cash
  • 10% cashback when you pay with crypto on total annual spends of $500
  • Instant virtual debit card
  • Free physical card
  • Buy, sell and store crypto for free
  • Send and receive crypto from any wallet
  • Apple Pay, Google Pay and Samsung Pay
  • No-fee ATM withdrawals at over 85,000 Allpoint and MoneyPass ATMs
  • One free out-of-network ATM withdrawal per month

This free checking account might be ideal for you if you will maintain a lower balance and don’t want to establish direct deposits.

Metal Checking

The other option is Metal Checking. While it’s technically free to use, you’ll need to have a qualifying direct deposit of $250 or more per month to qualify.

Here’s what the Juno Metal checking account includes:

  • 2.15% on balances of up to $100,000
  • 5% cashback when you pay with cash
  • 10% cashback when you pay with crypto on total annual spends of $3,000
  • Instant virtual debit card
  • Black Metal physical card
  • Buy, sell and store crypto for free
  • Send and receive crypto from any wallet
  • Apple Pay, Google Pay and Samsung Pay
  • No-fee ATM withdrawals at over 85,000 Allpoint and MoneyPass ATMs
  • Three free out-of-network ATM withdrawals per month

Depending on your spending needs and savings goals, you might choose to upgrade to the Metal checking account. 

Juno Pricing

Based on the checking account you choose, the costs of Juno can vary slightly. That said, the fees are relatively low (if not free).

Here’s a breakdown of the costs you can expect from the platform:

BASIC CHECKINGMETAL CHECKING
Minimum deposit
$0
Minimum deposit
$0
Monthly fee
$0
Monthly fee
$0 ($250 monthly direct deposit required)
Foreign transaction fee
None
Foreign transaction fee
None
Out-of-network ATM withdrawal
One free per month (fee varies by ATM)
Out-of-network ATM withdrawal
Three free per month (fee varies by ATM)
Crypto trading
Buy/sell/store at $0 for up to $250,000 (minimum of .5% after that threshold)
Crypto trading
Buy/sell/store at $0 for up to $250,000 (minimum of .5% after that threshold)
ACH fees
$0 ($1 for same-day outgoing ACH transfers)
ACH fees
$0 ($1 for same-day outgoing ACH transfers)
Credit card deposits
3.5% + $.30
Credit card deposits
3.5% + $.30
Debit card deposits
2% + $.30
Debit card deposits
2% + $.30
Overdraft fees
None
Overdraft fees
None

Juno prides itself on helping users avoid pesky hidden fees. Customers can seamlessly use their cards without worrying about unnecessary surcharges. 

Key Features

Do you want to learn more about what Juno has to offer? Here are some of the top features that set this company apart from the competition. 

Get Your Paycheck in Crypto

OnJuno crypto deposit

If you set up a direct deposit to your Juno account, you can automatically get a part of your paycheck in crypto. That’s a big deal for those who regularly buy or spend popular cryptocurrencies

The best part is that you can customize the split to your individual preferences. Better yet, you won’t have to pay any fees for this service. 

Attractive Cashback

OnJuno cashback

When you make purchases, cashback is like the icing on the cake. But, some cards offer cashback rewards that are better than others. Juno’s cashback offers are attractive. Whether you have the Basic or Metal checking account, you’ll earn 5% cashback when you pay with fiat currency. 

That said, Juno offers another twist. You will earn 10% cashback on crypto purchases made through the card. 

With Basic checking, you can get this cashback on up to $500 in annual purchases. With Metal checking, you can take advantage of this cashback on up to $3,000 in annual purchases. 

This cashback rewards structure makes spending with Juno enticing. With that, you can stretch your budget a little bit further. 

Instant Virtual Debit Card

Nothing is more frustrating than opening a new bank account and waiting several days for your new debit card to arrive via snail mail. Luckily, Juno eliminates this wait time. 

When you open your checking account, you’ll receive a virtual debit card immediately. You can use this card to make purchases through your digital wallets such as Apple Pay, Google Pay and Samsung Pay. 

If you want a physical card, all you have to do is make a request to customer service. Your free physical card should arrive in the mail a few days later. 

Mastercard Zero Liability

The debit cards offered through Juno include Mastercard’s Zero Liability protection policy. Essentially, this means that you won’t be held liable for unauthorized transactions. 

Since the possibility of an unauthorized purchase could derail your budget, this protection offers added peace of mind. 

International Transfers

OnJuno international transfers

Juno makes it possible for users to transfer five different currencies to over 30 other countries.

These currencies include:

  • Indian Rupee
  • Chinese Yuan
  • Philippine Peso
  • Euro
  • British Pound

You’ll be able to track the transfer and ensure the money makes it to the receiver’s account.

According to Juno, the transfers are fast and low-cost.

Guides

OnJuno education

The Juno website offers educational guides that provide expert insights on various financial topics.

The subjects include:

  • Budgeting
  • 401k
  • Investing
  • Building Credit
  • Mortgages

Each topic includes a detailed article explaining key concepts and actionable suggestions the reader can implement to help them achieve the financial goals they may have that are associated with the subject.

Juno Reviews

While it is new to the scene, Juno seems to be earning positive feedback from its customers. 

Here is how the platform stacks up on the various rating websites:

WebsiteRatingNumber of Reviews
Trustpilot4.0 out of 5303
Apple App Store4.3 out of 5262
Google Play4.4 out of 5238

These are some reviews from current customers:

“Customer service is excellent and I love the innovative new products they offer.” – Brayden 

“Super fast customer service, very friendly, and the perks compared to traditional banks are on a whole new level. Finally feel like my bank has my back, and not just my back pocket.” – Morgan S.

“Had an issue and they resolved it immediately! Love the app, and the bank. Support is quick, friendly and excellent. App design and user experience is top notch!” – Matt W.

“Juno is by far the BEST bank you could ever wish for. They have so many cash back incentives! You can pick your favorite stores you shop often & get cash back from that… A bank like no other!” – Amie G.

FAQ

Before you sign up for Juno, these frequently asked questions can help you determine if it’s right for you.

Is Juno legit?

Yes, Juno is a legitimate fintech company that is offering a revolutionary all-in-one crypto-friendly checking account. The platform has the appropriate security protocols in place to protect your assets. 

Is Juno FDIC-insured?

Yes and no. While Juno is not a bank, it works with Evolve Bank and Trust to offer cash deposit products. Through this partnership, Juno cash deposits are FDIC insured up to $250,000. 

Keep in mind that any cryptocurrency held through Juno is not FDIC-insured. 

Is my crypto safe with Juno?

Yes, Juno works with BitGo to keep your cryptocurrency safe. The majority of the cryptocurrency deposits are held in cold storage with trusted and licensed custodians. 

As a result, you can breathe easy knowing that your crypto is safe with Juno. 

Does Juno have an app?

Yes, Juno has a mobile app. You can find it in the Apple App Store and the Google Play Store. 

Based on the positive reviews, you should have a pleasant experience with either of these mobile apps. 

Does Juno have Zelle?

Yes, Juno offers an easy way to sync your account to send money via Zelle. 

What customer support options does Juno offer?

While Juno doesn’t offer any physical branches, you can reach out to their customer service team to get the answers you need. 

Support is available via phone Monday through Friday from 9 a.m to 6 p.m. PST and through chat Monday through Friday from 5 a.m to 6 p.m. PST. The platform also has FAQs and a help center on their website

Summary

Juno is a useful option for anyone who wants to combine their banking and crypto needs into one platform. 

The service offers the opportunity to manage these two personal finance needs in one user-friendly app. This simplifies the process of keeping track of your finances.

If you want to make monitoring your banking and crypto investments easier, consider taking advantage of Juno. 

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