Juno, formerly OnJuno, is a new Bitcoin bank account available in the US. It is an online banking platform that provides a Checking Account with an integrated Bitcoin wallet. You can hold, buy, sell and send Bitcoin directly via the app, based on rules or ad-hoc. It also comes with the Juno Metal card, which is a Mastercard.
Key Takeaways from Juno Crypto Bank
- Checking account for crypto. You can manage cryptocurrency and fiat currency in a single account.
- Fiat to crypto in seconds. Sell, buy and hold crypto instantly starting from as low as $1.
- Paycheck in crypto. You are able to receive part of your paycheck in crypto.
- Cashback. Up to 1% cashback on all card spends, for both cash and crypto.
- Save. 4% yearly savings on your dollars without any lock-ups or fees.
- ATM fees reimbursements. Bank Juno will reimburse the out-of-network ATM fees at the end of each month as a bonus.
Contents
Types of Juno Accounts
There are two types of accounts at Juno bank, Basic and Metal Account. Currently, Juno doesn’t provide a Savings account. Juno Checking Account was designed to have a normal checking account’s flexibility while giving you the ability to earn a 1.2% bonus rate.
Eligible balance for the Bonus Rate is $50,000. The bonus rate will be credited to your account at the beginning of each month. Basic users earn a 1.2% yearly savings bonus on balances up to $5000 while Metal users earn a 2.15% yearly savings bonus on balances up to $100,000.
Juno Basic is a free account. There is no minimum amount needed to use our Basic Account. You can use your Juno Basic Account to pay bills, make purchases, withdraw money from ATMs, and automate tax reporting. You can also use your Juno debit card to make purchases online and in stores.
Juno Metal is a premium account. To get access to a Metal Account, you have to set up a Direct Deposit of $250/month, and you must maintain your monthly direct deposit to continue the Metal access. Juno Metal can buy, sell, hold, send and receive 2 different Cryptocurrencies: Bitcoin and Ethereum.
How to Open Juno Account
It takes less than 5 minutes to open OnJuno account online on OnJuno website. Click on “sign up” in the top right of the page then fill in the personal details to open OnJuno Checking Account. Once done, you will receive a verification email. Verify your email address and fill the following mandatory fields: personal information, mobile number, home address, Social Security Number. Documents needed to verify your identity are drivers license, passport, or any Legal Identification. Once your account is verified, you can start using your OnJuno account and your OnJuno virtual card.
How to Add Money to OnJuno Account
There are three ways of depositing funds into your OnJuno Checking Account:
- ACH transfer
- Transfer from external accounts
- Direct Deposit
Juno Features and Rewards
Cashback and Rewards at Juno
Juno is offering a variety of rewards to its customers, including:
- 5% cashback on purchases up to $10,000 per year at select merchants
- 5.00% interest rate on checking accounts
- 10% cashback on crypto purchases
- Yearly bonus on deposits of 1.20% on balances up to $5,000
- Crypto yield of 4% on USDC with no yearly limit
- A $50 bonus and a sleek Metal card when you set up your first direct deposit
- When you set up a crypto paycheck of $250 or above, you will be eligible for being upgraded from Basic Tier to Metal Tier
To earn cashback rewards, you simply need to use their Juno debit card to make purchases at eligible merchants. Cashback rewards are automatically deposited into your account each month.
Cryptocurrencies
As a Juno customer, you will be able to buy and sell over 35 cryptocurrencies. When you sell crypto, your cash will be available in your Juno checking account instantly. You will earn Juno points for every dollar you trade in non-stable cryptocurrencies.
You can buy Bitcoin for as little as $1. Purchasing Bitcoin with your bank account requires that you have a balance in your Juno Checking Account.
Get Your Salary in Crypto
Coinbase’s first employee, Olaf Carlson-Wee, was paid in Bitcoin for 3 years. Olaf chose to receive his $50,000 annual starting salary in Bitcoin, when a single coin was about $20-$30. He received a dollar-denominated salary, converted to Bitcoin at the time of payment. Today, Olaf runs the world’s biggest crypto hedge fund, Polychain Capital.
OnJuno enables you to get your paycheck in crypto in any primary crypto wallet of your choice or autoinvest your crypto paycheck. You need to set up a crypto paycheck for as little as $100. You can automatically link your Direct Deposit in Juno where over 500 payroll providers are available for instant switch including Gusto, ADP, Zenefits, etc. If your employer doesn’t support Instant Switch, you can set up Juno Direct Deposit using your account and routing numbers or the DD form.
Juno Virtual Card and Juno Physical Card
When you set up your Juno account, a virtual card will be issued to you immediately. If you want a card shipped to you, please contact Juno customer service at hello@juno.finance or request a card within your Juno Dashboard. However, Juno would like you to adopt Apple Pay, Samsung Pay, and Google Pay as your preferred payment method.
As a Metal Account holder, you will get a premium Juno metal card with 10% cashback when you spend with crypto and up to 5% cashback when you spend with cash on 5 brands of your choice. Brands supporting Juno cashback are Starbucks, Dunkin’ Donuts, Blue Bottle Coffee, In N Out, Uber, Lyft, Amazon, Target, Best Buy, Walmart, Netflix, Amazon Prime, Disney+, Spotify, Taco Bell, Wendy’s, Chick-fil-A, Walgreens, Trader Joe’s, CVS, Uber Eats, Headspace, Calm, Whole Foods, Grubhub, Postmates, Doordash, and AirBNB.
International Money Transfer With Juno
Juno Money Transfer uses Wise, one of the cheapest and fastest money transfer services around the world, to provide you with an affordable way to send and receive money internationally.
When you open a Juno account, you will be given access to set up a Wise account. Wise will use the information from your Juno profile to seamlessly generate a corresponding profile, eliminating the need for you to submit your KYC documents multiple times. Once you have a Wise account, you can use it to convert and transfer your USD into a variety of currencies, including major currencies such as the euro, British pound, and Japanese yen, as well as emerging market currencies such as the Indian rupee and Chinese renminbi.
Juno Integrations
Juno offers integration with hundreds of third-party apps, including Zelle, Google Pay, Apple Pay, Samsung Pay, Venmo, CashApp, Robinhood, Acorns, Plaid, and Coinbase. This integration allows you to send and receive money, make payments, and manage your finances all in one place. In addition, it integrates with popular payroll platforms.
For example, you can use Juno to send money to friends and family using Zelle, or you can use it to make payments to merchants using Google Pay, Apple Pay, or Samsung Pay. You can also use Juno to manage your cryptocurrency investments using Coinbase.
Juno Fees
Juno is one of the few banks that does not charge account opening or monthly maintenance fees.
| Feature | Juno Fee |
|---|---|
| Monthly fees | $0 (formerly $9.99 a month for Metal Tier) |
| International transfers | $5 |
| ATM fees | $0 (Juno will reimburse the out-of-network ATM fees) |
| Early account closure | $0 |
| Foreign transaction fee (debit card) | 0% |
| Online bill pay | $0 |
| Returned deposit fee (international) | $5 |
| Insufficient fund fee | $0 |
If you don’t find an Allpoint or a Moneypass ATM around, neobank Juno gives you free out-of-network withdrawals each month, anywhere in the US. The number of withdrawals will be based on your account tier. The ATM will still charge you, but Juno bank will reimburse the ATM fees at the end of each month as a bonus.
Juno does not charge any additional fees for depositing or withdrawing cryptocurrencies to and from external wallets. However, you will still need to pay network fees. Network fees are also charged when you use Juno’s auto-sweep feature to transfer crypto to an external wallet.
Juno Limits
| Type | Daily Limit | Monthly Limit | Yearly Limit |
|---|---|---|---|
| ACH Deposit | $10,000 | $30,000 | $100,000 |
| ACH Withdrawal | $10,000 | $30,000 | $100,000 |
| Same-day ACH Deposit | $10,000 | $30,000 | $100,000 |
| Same-day ACH Withdrawal | $10,000 | $30,000 | $100,000 |
| Direct Deposits and Transfers from External Accounts | $50,000 | $500,000 | $3,000,000 |
| Sending Money to External Accounts via Account and Routing Number | $15,000 | $50,000 | $200,000 |
| Juno to Juno Accounts | $2,000 | $5,000 | $15,000 |
| Cash Withdrawals | $500 | ||
| Card Purchases | $4,000 | ||
| Buying Crypto | $40,000* | $155,000* | $500,000* |
| Selling Crypto | $40,000* | $155,000* | $500,000* |
| Withdrawing Crypto | $40,000* | $155,000* | $500,000* |
Is Juno Bank Safe?
Juno neobank is a financial technology company, not a bank. Banking services provided by Evolve Bank and Trust, Members of FDIC. Juno is a product of CAPITALJ, Inc. backed by prominent Silicon Valley venture capital investors including Sequoia, Polychain Capital, Dragonfly Capital, and Consensys.
The Juno card is issued by Evolve Bank and Trust, Member FDIC, pursuant to license by Mastercard International. With Mastercard’s Zero Liability policy, you’re protected from unauthorized card transactions. USD cash balances are covered by FDIC insurance up to $250,000 via Evolve Bank and Trust. The majority of cryptocurrencies are held in cold storage with trusted and licensed crypto custodians.
The fintech makes sure you are crypto tax compliant through its automated tax reporting via Form 1099 for cash and crypto earnings.
Juno Alternatives
Juno Reviews
At the time of writing this review of neobank Juno, there were 157 OnJuno Trustpilot reviews. It has received 4.4/5. 79% of bank Juno customers were satisfied with the service, particularly fast customer support and easy on-boarding. 6% of its users thoughts the services were bad, citing rejected transactions and delay in issuing physical cards.
Is Juno Worthy It?
While there are banks such as BankProv that offer bank accounts for cryptocurrency businesses, Juno crypto banking goes a step further by allowing you to seamlessly hold cryptocurrency and fiat currency deposits in a checking account and buy crypto with a bank account. Moreover, it enables you to receive part of your paycheck in cryptocurrency, and it offers a high-yield checking account with a 5.00% annual percentage yield (APY).
If you’re looking for a low-cost bank with a high-yield checking account, crypto rewards, and the ability to manage your cash and crypto in one place, then Juno is definitely worth considering.
