Founded in 2020, Juni is a Swedish startup with an online lending platform. Its aim is to be the \u201cfinancial companion\u201d for ecommerce and online marketing entrepreneurs. <\/p>
This review looks at its business account in detail.<\/p>
With Juni, businesses can hold IBAN accounts in at least 5 different currencies: sterling, euros, US dollars, Swedish krona and Norwegian krone. Your account will offer the following key features:<\/p>
There are 4 different Juni plans you can choose from.<\/p>
On top of this, you\u2019ll pay \u20ac12 to \u20ac15 a month for each additional user, \u20ac10 to \u20ac12 a month for each extra IBAN account, \u20ac3 a month for each extra Juni card and \u20ac5.50 per international transfer. Foreign exchange fees depend on the account plan \u2013 these apply to both account transfers and card payments in other currencies. There are no fees for SEPA, SWIFT and Faster Payment transfers. <\/p>
To apply for the Juni business account, you\u2019ll 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.<\/p>
Juni currently only accepts limited liability companies based in the UK or EEA.<\/p>
Juni Technology is a Swedish Limited Company. The Juni Mastercard is issued by Payment Card Solutions in the UK which is regulated by the Financial Conduct Authority (FCA).<\/p>
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 which are separate from the money used for Juni\u2019s business operations. This means that if Juni was to go bankrupt or become insolvent, you should get your money back. <\/p>