OnJuno review

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:

Name	Monthly price	Benefits	Minimum 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
Basic	Free	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.

	Metal	Premium	Basic
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.

	Metal	Premium	Basic
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

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.

How do I deposit or withdraw my money?

There are several ways to access your funds with OnJuno:

Frequently asked questions

• How does OnJuno's cashback debit card rewards work?

  OnJuno 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 OnJuno?

  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

• Can I change which brands I earn 5% cashback with?

  Yes. You can change your cashback merchants once a month.

• How much money can I transfer with OnJuno?

  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.