Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

OnJuno review

Last updated:  

Earn up to 5% cashback and up to 2.15% APY with this digital checking account.

OnJuno is a digital checking account that earns up to 2.15% APY — more interest than most high-yield savings accounts. Plus, you can earn up to 5% cashback from five merchants of your choice.

But OnJuno has pricing tiers that can get a little confusing. And the account was supposed to go live in July 2020, but it’s still on the waitlist as of August.

$0 per month

Fee

Up to 2.15%

APY

$0

Minimum deposit to open

Details

APY2.15% on balances of $0 to $50,000 with an $11.99 monthly fee + a $1,000 minimum deposit
0.50% on balances of $50,000.01+
Fee$0 per month
Minimum deposit to open$0
Intro or bonus offerMetal checking is free for the first 6 months
ATMsmore than 85,000 ATMs nationwide
ATM transaction fee$0
ATM fee rebatesget two non-network ATM reimbursements on the Premium plan and three reimbursements on the Metal plan
Out-of-network ATM fee$0
Foreign transaction fee0%
Nonsufficient funds fee$0

Expert review

Cassidy Horton

Review by


Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, 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 OnJuno. You earn up to 2.15% APY, plus up to 5% back on debit card purchases depending on which membership tier you choose.

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.

OnJuno is best for anyone who’s tech-savvy and feels comfortable managing a digital bank account online. The main drawback is that the membership tiers are confusing. You’ll want to crunch the numbers before you open this account to make sure the rewards outweigh any potential membership costs you may pay.

For example, if you keep $5,000 in your account and spend $3,000 a year on your five favorite brands, you’ll actually pocket more money with the Basic tier because you won’t have to pay any fees. But if you keep $10,000 or more in your account, you’ll earn the most money with the Metal tier — even after fees are taken out.

What are the benefits of OnJuno?

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

  • Banking with a purpose. With a mission to reduce wealth inequality, OnJuno donates 2.15% of its company profits to charities in India.
  • Minimal fees. OnJuno ditches common fees charged by other banks. You pay $5 for outgoing wire transfers and $0 for foreign transactions, nonsufficient funds, account closures and ATM withdrawals.
  • Personalized spending limits. Set your own daily and monthly spending limits. Plus, disable your debit card at any time.
  • Choose your own rewards. You have the freedom and flexibility to choose which five brands you earn up to 5% cashback with.
  • 24/7 customer support. Reach a customer support representative by live chat, phone or email anytime.
  • Earns interest. Earn anywhere from 0.5% to 2.15% APY depending on your membership tier and account balance.

What should I look out for?

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

  • Cashback limits. You’ll only earn up to 5% on $3,000 in purchases a year. Once you hit this limit, your cashback rate drops to 1%.
  • Fee for e-check deposits. With the free Basic account, you’ll pay $2 for remote check deposits. We’ve never seen a bank charge a fee for virtual deposits.
  • No joint accounts. You can’t open a joint account with a spouse or dependent, but OnJuno is looking to add this feature in the future.
  • No other accounts. The only banking product you’ll find at OnJuno is this checking account. If you were hoping to keep all your accounts under one roof, you’ll want to look elsewhere.
  • Rates locked in until April 2021. The currently advertised APYs are locked in until April 2021. Because this is a new bank, it’s unclear what APYs will do thereafter.
  • Confusing tier structures. The benefits and fees that come with OnJuno largely depend on which membership tier you choose.

How much does OnJuno cost?

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

NameMonthly priceBenefitsMinimum deposit to open
Metal$11.99 — Free for first 6 months
  • 2.15% on up to $50,000
  • 0.5% on $50,000.01 or more
  • 5% cash back on five brands of your choice
  • Three non-network ATM reimbursements each month
$1,000
Premium$6.99
  • 1.65% on up to $50,000
  • 0.5% on $50,000.01 or more
  • 4% cash back on five brands of your choice
  • Two non-network ATM reimbursements each month
$500
BasicFree
  • 1.15% on up to $50,000
  • 0.5% on $50,000.01 or more
  • 3% cash back on five brands of your choice
  • One non-network ATM reimbursement each month
$0

How much could I earn with OnJuno?

Here are two examples to show how much you could earn with OnJuno.

Example 1: You keep a $5,000 account balance and spend $3,000 a year with your five favorite brands. Notice how you earn the most money with the free plan after you deduct fees.

MetalPremiumBasic
APY$5,000 x 2.15% = $107.50$5,000 x 1.65% = $82.50$5,000 x 1.15% = $57.50
Cash back$3,000 x 5% = $150$3,000 x 4% = $120$3,000 x 3% = $90
Subtotal$257.50$202.50$147.50
Total earned after annual fees$113.62$118.62$147.50

Example 2: You keep a $10,000 account balance and spend $3,000 a year with your five favorite brands. In this scenario, you’ll earn the most money with the Metal plan. You’d want to skip the Premium plan altogether because it earns less than the free plan after fees.

MetalPremiumBasic
APY$10,000 x 2.15% = $215$10,000 x 1.65% = $165$10,000 x 1.15% = $115
Cash back$3,000 x 5% = $150$3,000 x 4% = $120$3,000 x 3% = $90
Subtotal$365$285$205
Total earned after annual fees$221.12$201.12$205

If you’re looking for an account that earns a high rate without the monthly costs, check out these top high interest checking accounts.

OnJuno‘s ATM network and fees

OnJuno is part of the Allpoint and MoneyPass ATM networks, giving you free access to more than 85,000 ATMs nationwide. Plus, get two non-network ATM reimbursements on the Premium plan and three reimbursements on the Metal plan.

Compare OnJuno other digital accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
$10
55,000 free in-network ATMs
$0
A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
Chime Spending account
$0
38,000 fee-free ATMs nationwide
$2.50
Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Digit
$0
Digit analyzes your spending and automatically saves an appropriate amount every day so you don't have to think about it.
Lili
$0
32,000 fee-free ATMs nationwide
$2.50
A checking account designed for freelancers with no account fees and no minimum balance.
Level
$0
Any ATM that accepts Visa
Earn up to 1.5% cash back on qualifying debit card purchases and 0.50% APY on deposits.
loading

Compare up to 4 providers

How do I open an OnJuno account?

OnJuno isn’t available to the public as of August 4, 2020. Follow these steps to add yourself to the waitlist:

  1. Go to the official OnJuno account and click Signup.
  2. Enter your full name, email and password and click Sign Up.
  3. Select your resident country.
  4. Connect your bank account to see if you qualify for priority access. Or, click Skip to Waitlist if you’d rather not connect your account.

Juno will then tell you your spot on the waitlist. We were #5785.

How do I get priority access to OnJuno?

During signup, you can connect OnJuno to an existing bank account where it will analyze your balance history and transaction patterns to see if you’re eligible for priority access. Everyone with priority access earns up to 2.15% APY and 5% cash back on five brands they love.

Eligibility

Open an OnJuno account when you meet these requirements:

  • At least 18 years old
  • US resident
  • Valid Social Security number
  • $0, $500 or $1,000 opening deposit depending on your membership tier

Required information

Have this information ready when it’s time to open your account:

  • Full name
  • Residential address
  • Social Security number
  • Bank account information for opening deposit

How do I deposit or withdraw my money?

There are several ways to access your funds with OnJuno:

Deposits

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

Withdrawals

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

Frequently asked questions

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site