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OnJuno review

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

finder.com’s rating: 4.8 / 5.0

★★★★★

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 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 and your APY drops to 0.25% once your balance hits $5,000 on the Basic plan or $30,000 on the Metal plan.

From $0 per month

Fee

Up to 2.15%

APY

$0

Minimum deposit to open

Details

APY2.15% on balances of $0 to $30,000 with a $9.99 monthly fee
0.25% on balances of $30,000.01+
FeeFrom $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

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 5% back on up to $3,000 in 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. There are a two membership tiers: a free Basic tier and a paid Metal tier. But you can actually get the Metal tier for free when you set up direct deposits.

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$9.99 — Free for first 6 months

$0 with direct deposit

  • 2.15% on up to $30,000
  • 0.25% on $30,000.01 or more
  • 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
  • 2.15% on up to $5,000
  • 0.25% on $5,000.01 or more
  • 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
APY$3,500 x 2.15% = $75.25$3,500 x 2.15% = $75.25
Cash back$1,000 x 5% = $50$500 x 5% = $25
Subtotal$125.25$100.25
Total earned after annual fees$5.37$100.25

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
APY$10,000 x 2.15% = $215$10,000 x 2.15% = $120
Cash back$3,000 x 5% = $150$500 x 3% = $25
Subtotal$365$145
Total earned after annual fees$245.12$145

If you’re looking for an account that earns a high rate without the monthly costs, 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. Even though the Metal plan costs $9.99 a month, you can get it for free when you set up direct deposit.
  • 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.
  • 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 0.25% 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:
  • APY and cashback limits. You’ll only earn 2.15% interest on balances up to $30,000 and 5% cash back on up to $3,000 in purchases a year depending on which tier you choose.
  • 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.

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
Chime Spending account
N/A
$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.
HSBC Premier Checking
0.01%
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Online Checking
N/A
$25
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$3
A full-service account with convenient, surcharge-free access to two massive ATM networks.
Axos Bank Essential Checking
N/A
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
1.25%
$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.
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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

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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