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OnJuno review

Earn 5% cashback and a 1.2% bonus rate on balances up to $50,000.

finder.com’s rating: 4.8 / 5.0

★★★★★

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

$0 per month

Fee

Up to 1.20%

APY

$0

Minimum deposit to open

Details

APY1.20% on balances of $0 to $50,000 If you setup $500 monthly direct deposit. The interest rate provided is a Bonus Rate offered by OnJuno and it is not interest provided by Evolve Bank and Trust
0.25% 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 one non-network ATM reimbursements on the Basic plan and three reimbursements on the Metal plan
Out-of-network ATM fee$0
Foreign transaction fee0%
Nonsufficient funds fee$0
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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 OnJuno. If you set up monthly direct deposits of at least $500, you’ll earn an APY-like bonus rate of 1.2% of balances up to $5,000 with the Basic tier or $50,000 with the Metal tier. Plus, you’ll could get 5% back on up to $3,000 in debit card purchases.

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. Both membership tiers are free, but you can only qualify for the Metal tier if you receive monthly direct deposits of at least $500.

How much does OnJuno cost?

OnJuno has one free tier and one paid tier. Here’s how the pricing and benefits differ:
NameMonthly priceBenefitsMinimum deposit to open
MetalFree with monthly direct deposits of $500 or more
  • Earn a 1.2% savings bonus on balances up to $50,000
  • 5% cash back on five brands you love, up to $3,000 in purchases a year
  • Three non-network ATM reimbursements each month
$0
BasicFree
  • Earn a 1.2% 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

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 $3,500 account balance and spend $1,000 a year with your five favorite brands. Notice how you earn the most money with the free plan after you deduct fees.

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. In this scenario, you’ll earn the most money with the Metal plan — even after fees.

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 OnJuno account?

Open an OnJuno using these steps:

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

Eligibility

Open an OnJuno 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 OnJuno?

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

  • Metal plan free with direct deposit. You can access to the Metal plan simply by setting up direct deposit.
  • Banking with a purpose. With a mission to reduce wealth inequality, OnJuno donates 1.2% of its company profits to charities in India.
  • Minimal fees. OnJuno 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.
  • 24/7 customer support. Reach a customer support representative by live chat, phone or email anytime.
  • Bonus rate. Earn a 1.2% bonus rate on balances up to $5,000 or $50,000 depending on your membership tier.

What should I look out for?

OnJuno is quite unique, but there are still several drawbacks to keep in mind:
  • No wires transfer. OnJuno doesn’t support incoming or outgoing wire transfers.
  • 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.
  • Bonus rate drops. OnJuno‘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.

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

Compare OnJuno with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Chase Secure Banking℠
Chase Secure Banking℠
N/A
$0
Access to 16,000 ATMs and more than 4,700 branches nationwide
$2.50
Chase Secure Banking offers no overdraft services
Douugh
Finder Rating: 4 / 5: ★★★★★
Douugh
N/A
$0
more than 38,000 ATMs in the MoneyPass ATM network
The Douugh app is an AI assistant focused on your finances.
OnJuno
Finder Rating: 4.8 / 5: ★★★★★
OnJuno
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
$0
more than 85,000 ATMs nationwide
$0
OnJuno embraces an open banking system for everyone, regardless of their age, location, or income.
Lili
Finder Rating: 4.7 / 5: ★★★★★
Lili
1.00%
$0
32,000 fee-free ATMs nationwide
$2.50
Freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital bank account. Get up to 10 referral rewards, or $1000.
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Compare up to 4 providers

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
  • 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

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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