Founded in 2020, Juni is a Swedish startup with an online lending platform. Its aim is to be the “financial companion” for ecommerce and online marketing entrepreneurs.
This review looks at its business account in detail.
What types of business accounts are on offer?
With Juni, businesses can hold IBAN accounts in 3 different currencies: sterling, euros and US dollars. Your account will offer the following key features:
All-in-one platform. Track all of your company’s financials on the one platform, built with more than 2,400 integrations. Bring together your bank accounts and payment gateways such as PayPal, Stripe and Wise on the one dashboard.
Google Ads integration. Automatic receipt generation for bookkeeping. Keep track of ad spend, with monthly invoices pulled from your account.
User roles and permissions feature. Enabling you to assign different permissions and access to different team members.
Shopify integration. Get a centralised financial overview of all your Shopify accounts.
Facebook Ads integration. Keep track of ad spend with real-time data and insights.
Accounting software integration. Sync your account with Xero to manage payments.
Virtual cards for online advertising. Create as many virtual cards as you want at no extra cost.
Cashback on card spend. Earn up to 1% cashback on all eligible Juni card spend.
What fees are there to pay?
The good news for businesses is that there are very few fees to pay with the Juni account. You can sign up completely free of charge, and there’s no fee for your physical and/or virtual Visa or Mastercard cards. There are also no fees for SEPA and Faster Payment transfers.
Juni does not charge for foreign card transactions, but if the currencies do not match, Visa or Mastercard may charge a fee. ATM withdrawals on the Visa card are also free of charge, but you could be charged up to €3 for the Mastercard card.
How to apply
To apply for the Juni business account, you’ll need to fill in an online form, providing details about yourself and your business. You will then be required to upload the necessary documents, including your ID, to complete the application process. Your account should be up and running within 10 business days.
Juni currently only accepts limited liability companies based in the UK or EEA.
Is Juni safe?
Juni Technology is a Swedish Limited Company. Its Visa Platinum card is issued by Payrnet Limited in the UK, and the Juni Mastercard is issued by Payment Card Solutions in the UK. Both of these issuers are regulated by the Financial Conduct Authority (FCA).
Juni does not operate as a bank which means the money you deposit with Juni will not be protected by the Financial Services Compensation Scheme (FSCS). Instead, it will be kept in safeguarded accounts in Luxembourg (for euros and US dollars) and the UK (for sterling). These are separate from the money used for Juni’s business operations which means that if Juni was to go bankrupt or become insolvent, you should get your money back.
Pros and cons
Pros
Free to open an account
Multiple currencies supported
Google Ads integration
All-in-one platform, allowing you to track finances with ease
Cons
No FSCS protection
Only available in UK and EEA
Only open to limited liability companies
Customer service information for Juni
Email support
Telephone support
In-app or live chat
Contact form
Branch support
Our verdict
The Juni business account is primarily designed for businesses related to ecommerce, dropshipping and marketing. If this applies to you and you’re looking for an easy-to-use, low cost business account, Juni could be well worth exploring – even more so if you need to manage finances in multiple currencies.
However, as always, shop around and compare what other business accounts are available first, to be sure this is the best choice for you.
Frequently asked questions
Your cashback will automatically be credited to your account 30 days after the end of each month.
You can order up to 10 physical cards. You can have as many virtual credit cards as you like.
Juni does not check the credit reports of applicants as private individuals. However, as part of the verification process, your company's information and credit score will be checked through national company registers and credit bureaus.
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Rachel Wait is a freelance journalist and has been writing about personal finance for more than a decade, covering everything from insurance to mortgages. She has written for a range of personal finance websites and national newspapers, including The Observer, The Mail on Sunday, The Sun and the Evening Standard. Rachel is a keen baker in her spare time. See full bio
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