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Juno review

Earn 5% cashback and a 1.2% yearly bonus rate on balances up to $50,000 with qualifying direct deposit.

finder.com’s rating: 4.8 / 5.0

★★★★★

Juno, previously known as OnJuno, is a digital checking account that earns a 1.2% bonus on balances of up to $5,000 or $50,000 depending on whether you receive monthly direct deposits of $500 or more. That’s more than most high-yield savings accounts offer. Plus, you can earn 5% cashback from five merchants of your choice, up to $500 a year for Basic plan members or $3,000 a year for Metal plan members.

But Juno doesn’t support joint accounts or wire transfers, which may be deal-breakers depending on your needs.

How much does Juno cost?

Juno has one free tier and one paid tier. Here’s how the pricing and benefits differ:

NameMonthly priceBenefitsMinimum deposit to open
BasicFree
  • Earn a 1.2% yearly savings bonus on balances up to $5,000
  • 5% cash back on five brands you love, up to $500 in purchases a year
  • One non-network ATM reimbursement each month
$0
MetalFree. Earned with qualifying monthly direct deposits of $250 or more. Not meeting this requirement reverts you to Basic tier
  • Earn a 1.2% yearly savings bonus on balances up to $50,000
  • 5% cash back on five brands you love, or 10% back if you pay in crypto, on up to $3,000 in purchases a year
  • Three non-network ATM reimbursements each month
$0

How much could I earn with Juno?

Given the Metal tier requires just $250 in monthly deposits, the Metal tier is the go-to choice for value. Here are two examples to show how much you could earn with Juno.

Example 1: You keep a $3,500 account balance and spend $1,000 a year with your five favorite brands.

MetalBasic
Bonus rate$3,500 x 1.2% = $42$3,500 x 1.2% = $42
Cash back$1,000 x 5% = $50$500 x 5% = $25
Total$92$67

Example 2: You keep a $10,000 account balance and spend $3,000 a year with your five favorite brands.

MetalBasic
Bonus rate$10,000 x 1.2% = $120$5,000 x 1.2% = $60
Cash back$3,000 x 5% = $150$500 x 3% = $25
Total$270$85

If you’re looking for an account that earns a great rate regardless of whether or not you have direct deposit, check out these top high-interest checking accounts.

How do I open an Juno account?

Qualifying US citizens can open an Juno using these steps:

  1. Select Apply now.
  2. From the official Juno account website, select Open Account.
  3. Enter your full name, email and password and choose Open Account.
  4. Enter your personal information, phone number and home address and select Next.
  5. Enter your Social Security Number and hit Next.
  6. Follow the prompts to verify your identity and submit your application.

Eligibility

Open an Juno account when you meet these 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 are the benefits of Juno?

This FDIC-insured bank account has mobile banking, a free debit card and these unique perks:

  • Metal plan simple and easy to obtain. Access to the Metal plan simply by setting up direct deposit of at least $250 monthly.
  • Banking with a purpose. With a mission to reduce wealth inequality, Juno donates 1.2% of its company profits to charities in India.
  • Minimal fees. Juno ditches common fees charged by other banks. You pay $0 for foreign transactions, nonsufficient funds, account closures and ATM withdrawals. There’s no minimum balance requirement for either tier either.
  • Choose your own rewards. You have the freedom and flexibility to choose which five brands you earn up to 5% cashback with.
  • Crypto yield. You’ll earn a 6% USDC yield with no yearly limit and 3% yield on BTC and ETH.
  • 24/7 customer support. Reach a customer support representative by live chat, phone or email anytime.
  • Bonus rate. Earn a 1.2% yearly bonus rate on balances up to $5,000 or $50,000 depending on your membership tier.
  • Receive paycheck in crypto. You can choose to receive part or all of your paycheck in crypto.

How does Juno‘s cashback debit card rewards work?

Juno has a list of brands that are eligible for cashback. You choose five of them from the list, and earn anywhere from 3% to 5% cashback when you shop with that merchant, depending on which membership tier you choose.

What brands are eligible for cashback with Juno?

Here’s a list of current merchants you can earn cashback with as of August 2020. You’ll choose your top five once you set up your account.

Online and retail

  • Amazon
  • Best Buy
  • Target
  • Walmart

Subscriptions

  • Amazon Prime Video
  • Calm
  • Disney Plus
  • HBO Go
  • Headspace
  • Netflix
  • Peloton

Grocery and medicine

  • CVS Pharmacy
  • Patel Brothers
  • Trader Joe’s
  • Walgreens
  • Whole Foods

Food delivery

  • Doordash
  • GrubHub
  • Postmates
  • Uber Eats

Coffee shops

  • Blue Bottle Coffee
  • Dunkin’
  • Starbucks

Fast food

  • Chick-fil-A
  • In-N-Out
  • Taco Bell
  • Wendy’s

Transportation

  • Lyft
  • Shell
  • Uber

Travel

  • Airbnb

What should I look out for?

Juno is quite unique, but there are still several drawbacks to keep in mind:

  • No wires transfer. Juno doesn’t support incoming or outgoing wire transfers.
  • No joint accounts. You can’t open a joint account with a spouse or dependent, but Juno is looking to add this feature in the future.
  • No other accounts. The only banking product you’ll find at Juno is this checking account. If you were hoping to keep all your accounts under one roof, you’ll want to look elsewhere.
  • Bonus rate drops. Juno‘s bonus rate drops to 0.25% on balances above $5,000 if you’re on the Basic tier or $50,000 if you’re on the Metal tier.

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 non-network ATM reimbursement on the Basic plan and three reimbursements on the Metal plan.

Compare Juno with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee Offer
Axos Bank Rewards Checking
Finder Rating: 4.2 / 5: ★★★★★
Axos Bank Rewards Checking
1.25% on balances of $0 to $50,000
$50
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
Bonus
HSBC Premier Checking
0.01% on balances of $5+
$0
Free to use at all ATMs in the US
$0
Get a $500 welcome bonus when you open your account with qualifying activities. Must open HSBC Premier checking account through offer page by February 15, 2023, and set up qualifying direct deposits into the new account totalling at least $10,000 per month for three consecutive months. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.

HSBC Premier Checking offers free global transfers and 24/7 customer support.
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
3.00% on balances of $0 to $10,000
$10
55,000+ free Allpoint ATMs worldwide
$0
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards.
Chime Checking account
Finder Rating: 4.7 / 5: ★★★★★
Chime Checking account
N/A
$0
60,000+ fee-free ATMs
$2.50
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Bonus
BMO Harris Smart Money™ Account
N/A
$25
Unlimited transactions at 40,000+ ATMs nationwide
$3
Get a $300 cash bonus when you open a new account and have a total of at least $4,000 in qualifying deposits within the first 90 days. See terms and conditions
You’ll pay no monthly maintenance fee if you are under 25. It also offers no overdraft charges and no non-sufficient fund (NSF) fees.
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How do I deposit or withdraw my money?

There are several ways to access your funds with Juno:

Deposits

  • Direct deposit
  • Remote check deposit through mobile app
  • ACH transfer
  • Transfer from a linked bank account

Withdrawals

  • ATM
  • Cashback at a retailer
  • ACH transfer
  • Transfer to a linked bank account

Frequently asked questions

How much money can I transfer with Juno?

The maximum transfer limit is $5,000 per transaction. If you need to transfer more money, reach out to the customer support team to see if they can raise your limit.

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.

Read the full methodology of how we rate checking accounts.

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Review by


Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

We have yet to see a digital checking account that earns more rewards than Juno. This free account comes with two tiers: you’ll earn an APY-like bonus rate of 1.2% of balances up to $5,000 with the Basic tier. If you set up monthly direct deposits of at least $250 you’ll gain Metal tier, which earns 1.2% on up to $50,000. On top of that, you’ll could get 5% back on up to $500 or $5,000 in debit card purchases on select brands for the Basic and Metal tier respectively, or 10% if you make those purchases in crypto.

You have the freedom to choose which five brands earn you cashback. And if you’re not happy with your choices, you can switch them up once a month, no sweat. Unlike credit cards that have complicated points-systems, this cashback is deposited directly into your account each month.

Juno is best for anyone who’s tech-savvy and feels comfortable managing a digital bank account online. Both membership tiers are free, but you can only qualify for the Metal tier if you receive monthly direct deposits of at least $250.

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