Juno Fintech: 5% on up to $25,000, then 4% on up to $250,000

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Update February 2023: Juno is now paying 5% interest on Checking balances up to $25,000, and balances above $25,000 now earn 4.00% bonus, up to $250,000.

In January 2023, Juno announced that they were worried about their crypto custodian and recommended that you sell all your crypto immediately until they found an alternative custodian. Theoretically, your FDIC-insured cash should be firewalled from the crypto side. Realistically though, there is still a chance for disruption in the access to your cash if the entire fintech fails, so I would not keep any funds you might need immediately there. They have already set up a new crypto custodian (Zero Hash), so they did help in telling you to get out ahead of time here (instead of instantly freezing withdrawals after it’s too late like others). In the end, I will tread cautiously here despite the high interest rate. You may feel differently.

Updated full review:

Juno.finance (formerly OnJuno) is a fintech that combines an FDIC-insured bank account and a crypto custodian. Notably, the banking part now pays 5% interest on up to $25,000 balance. Details:

  • New: Earn 5% on all cash deposits up to $25,000 and 4% on cash deposits from $25,001 up to $250,000. This applies to traditional cash deposits (USD), which are FDIC-insured through Evolve Bank & Trust. Applies to both the Basic and Metal tiers. No transaction or direct deposit requirements.
  • Up to 5% cashback on debit card purchases. Metal tier offers 5% cashback on your 5 selected merchants on up to $6,000 per year (max rewards $300). Basic tier only gets up to $500 per year ($25 max).
  • New: JCOIN Loyalty Program. Earn loyalty tokens “JCOIN” when you complete certain actions with Juno. Existing users should check their accounts as Juno may have given you a bunch for free that you must claim. These loyalty tokens are redeemable inside the app for various perks including gift cards.
  • $25 Referral bonus. If you open via referral link and buy $50 of crypto, you get a $25 bonus.

OnJuno partners with Evolve Bank and Trust for FDIC insurance. A reminder that cryptocurrencies, including USDC stablecoins, are not covered by FDIC insurance even though the creators claim they are backed 1:1 by US dollars. Juno has added support for crypto and external wallets, and you can set it up to automatically convert your direct deposits into BTC, ETH, USDC, or a mix of currencies. Don’t confuse your FDIC-insured USD deposits with stablecoins.

Metal tier benefits. The requirement to reach the Metal tier is maintaining qualifying Direct Deposits of $250 per month. A benefit of Metal tier is that your 5% cashback on your selected merchants like Amazon/Uber/Doordash/etc works on up to $6,000 in purchases per year (max rewards $300). Basic tier only gets up to $500 per year ($25 max).

Traditional Bank-to-bank transfers. OnJuno uses the Plaid service to link with external bank accounts for funding and free ACH transfers (both deposits and withdrawals). They also provide you with the full account number and routing number, which you can use to connect with other banks like Ally, Marcus, CapOne 360, etc. The routing number is 084106768 which is confirmed as that of Evolve Bank & Trust. I was able to make a deposit and withdrawal initiated at Ally without issue (subject to transfer limits of $20,000 daily/$500,000 monthly). As with some other fintechs, their in-house limits are lower.

Bonus rate, not APY? You may notice that they don’t use “APY” and instead say “bonus rate”. Here’s their reason:

The Bonus Rate is offered entirely by OnJuno and is not interest provided by Evolve Bank and Trust. The bonus rate You earn will be credited to Your account at the beginning of each month. Your funds begin generating a bonus rate once they are available on Your OnJuno Checking Account. Please note that OnJuno reserves the right to cancel, remove, and change this bonus at any time. OnJuno also reserves the rights, in sole discretion, to refuse this bonus without cause, reason, and notice.

I’ve been getting my bonus rate every month without issue at the proper annualized rate, so this just seems to be a legal thing. Your interest is still shown on a 1099-INT at the end of the year. I already see the 5% rate on my app:

5% cash back debit card merchant list. You can choose 5 from the following list of brands.

  • Amazon, Target, Best Buy, Walmart, Netflix, Amazon Prime, Disney+, Spotify, Headspace, Calm, Whole Foods, Walgreens, Trader Joe’s, CVS, Uber Eats, Grubhub, Postmates, Doordash, Starbucks, Dunkin Donuts, Blue Bottle Coffee, In N Out, Taco Bell, Wendy’s, Chick-fil-A, Uber, Lyft, and AirBNB.

See warning above regarding crypto.

New Juno Crypto Wallet. Send and receive crypto from external wallets. Bridge crypto to L2s like Arbitrum, Polygon and Optimism directly from checking account. Juno currently offers 0.5% fee on stablecoin trading, 1% fee on non-stablecoin trading. However, you can use 100 JCOIN to get a 100% discount on stablecoin trading, and 50% discount on non-stablecoin trading. Crypto deposits and withdrawals are free.

New JCOIN loyalty program, ways to earn. Earn loyalty tokens “JCOIN” when you complete certain actions with Juno. These loyalty tokens are
redeemable inside the app for merchant discounts, cashback boosts, and to waive crypto trading fees. Ways to earn JCOIN:

  • (Existing users should first check account to claim free JCOIN from past activities.)
  • First funding to your Juno account – 250 JCOIN
  • Card spends with crypto – 2x rewards
  • Card spends with cash – 1x rewards
  • Connect a cash direct deposit – 1x rewards every time your paycheck hits Juno
  • Connect a cash direct deposit – 2x rewards every time your paycheck hits Juno
  • Refer a friend – 1000 JCOIN

Additional details.

  • Instant virtual cards. You can create “virtual” 16-digit debit card numbers in the app, which are different than your physical card and you can “lock” them at any time. This may be useful for fraud prevention and perhaps even pesky trial offers.
  • Transfer limits. If you plan on transferring larger sums of money, know that OnJuno has different transfer limits for if you initiate with them vs. external institution. The external daily limits are much higher, currently $70,000 per day vs. $10,000 per day. View limits here.
  • Customer service. You can contact them via phone at 415-969-5775 (9am to 6pm Pacific) or online message (they replied to me within a few hours).
  • No minimum balance requirement.
  • Fee-free access to both Allpoint and Moneypass ATM networks (85,000+ locations).
  • Free debit Mastercard.
  • No mobile check deposit yet.

Bottom line. Juno is a fintech banking app with the unique feature of paying 5% on up to $25,000 of cash deposits with no direct deposit or debit card usage requirements. FDIC-insurance from Evolve Bank and Trust.

My Money Blog has partnered with CardRatings and may receive a commission from card issuers. Some or all of the card offers that appear on this site are from advertisers and may impact how and where card products appear on the site. MyMoneyBlog.com does not include all card companies or all available card offers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

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  1. I’ve signed up with OnJuno for the 6 month trial. It’s okay-ish so far. The biggest disappointment is their nonsense ACH policies.

    * You cannot link non-Plaid accounts at all. You’ll have to initiate ACH transfers from the other institution for any account not in Plaid.
    * There is a $15k ACH limit per day and they will reject and return ACH payments giving you an unnecessary headache with your other institutions

    • Jason Boxman says

      Consider yourself lucky in that when I signed up for this two years ago the transfer limit was like 2k and I got burned on an ACH rejection. 15k seems at least enough for maxing the 5%. Still annoying though completely agree.

  2. I opened an account with OnJuno after being on the wait list and getting the 6-month Metal tier for free. I, too, had difficulty getting a good pic of my driver’s license. In fact, they finally accepted it when I applied online but they delayed opening the account because of it. They sent me an email asking that I submit a new picture of both the front and back of my DL. I thought it odd that they would not accept a scanned pic of the DL, according to the directions.

    After opening the account, I realized that I did not see anything about the possibility for adding a POD (payable on death) beneficiary to the account. I wrote and asked about this; the CSR replied, “We currently do not offer an option for beneficiaries, but it is something we are looking into.”

  3. To qualify for the OnJuno Metal Tier to get the higher interest rate of 2.15% on funds up to $30K without paying $9.99/month, one needs to set up a direct deposit. Over $30K, the rate drops to 0.25%. This tier also gives you 5% cash back on up to $3,000 a year in debit card purchases. There is no mobile app, no check writing, and no possibility of depositing a check online or via a mobile app.

    An alternative to OnJuno is Presidential Bank’s Advantage Checking which also requires a direct deposit (minimum of $500/month). This account, however, pays 2.25% on funds up to $25K and 0.65% over $25K. There is no 5% cash back feature using a debit card, but this account does permit check writing and mobile banking, including mobile check deposits. They also offer POD (payable on death) beneficiary accounts which OnJuno does not do.


  4. Jason Boxman says

    Not anymore:

    “We’re writing to let you know that the bonus rate for your OnJuno Checking Account is changing from 2.15% to 1.20% on all balance tiers.

    Don’t worry! You will still have time to enjoy our higher bonus rate of 2.15%, in line with our commitment to provide an open and transparent banking product. This 1.20% bonus rate is effective from 1st November 2021 for all existing users and from 20th May 2021 for all new users.

    We will be updating our website with these new rates very soon.”

    Glad I abandoned it when I got burned on a large rejected inbound ACH transfer in December.

    • Jared Ross says

      That’s actually much better than what was originally promised. The 2.15% bonus rate was initially only valid until 7/31/21, now we get an extra 3 months, not sure how you can complain about that.

      • Another very important detail is that there is no longer the $9.99 monthly fee for Metal tier as well. I would much rather have 1.20% on $50k and zero monthly fee than 2.10% on $30k with a $10/month fee.

        Meanwhile, Ally, Marcus, CapOne 360, etc are all still around 0.50% APY.

      • Jason Boxman says

        I complain because the transfer limits are so absurdly low that I got hit with a $15 rejected ACH from my bank for attempting to transfer the underwhelming sum of 10k out when it was clear this wasn’t the deal for me. The lack of liquidity makes it a very very hard sell. I like my cash assets liquid.

  5. Post is a little misleading. I checked with them. This doesn’t kick-in until Oct 31.
    – Eligible balance for the Bonus Rate is increased to $50,000 (formerly $30,000)

  6. What will count as Direct Deposit? Will ACH transfers from Ally satisfy?

  7. It’s November and I’m still showing an interest rate of 2.15%

  8. The bonus now is $100 once you deposit $250

    If it’s all the same to you which referral to use please consider using mine. I have many friends and relatives in war-ravaged Ukraine and try to help them financially directly. They need every bit of our help right now. Please also consider donating. Thanks!

    Few useful OnJuno tidbits:
    – Always ACH push/pull from outside as limits are much higher (the limit is $70k right now, it used to be lower)
    – Always verify the limits as they change: https://help.onjuno.com/en/articles/4543197-transfer-and-spend-limits

  9. I am also seeing American Airlines and United Airlines in

  10. I can’t send out my btc to my other btc wallet address is this a joke or something…… I saw lots of comments about this platform and still decided to trade with you guys and now I am regretting my actions

  11. Freedom35 says

    Any experience on what counts as “direct deposit” if you don’t have access to an easily changed payroll? How soon after depositing did the bonus show up? I’d like to try a couple options and see what sticks

  12. I just got an email that they are offering a 5% annual bonus on cash deposits up to $10,000 , FDIC insured. That is not bad and beats current CD rates? Was low on details on how that bonus is calculated

  13. Buyer beware, I just discovered Juno doesn’t support VPNs. You must disconnect from your VPN before they will let you create or login to an account. Not cool. For security reasons, many corporate environments do not allow users to logout of the VPN.

  14. After previously creating my account, I was able to log in just fine while using NordVPN. No problems

    • Jeremy, thanks for the comment. I just tried it again, and it now looks like they are accommodating VPNs; which is great to see. A week or two ago, I got a pop-up messaging saying VPNs were not supported.

  15. Jason Boxman says

    If you rage close your account like I did 24 months ago, it won’t let you signup again with the same email; Says account already exists. Trying to login yields “account closed”. For taking money out, we’re still at:

    ACH Withdrawal via Linked Bank Account: 1k daily, or 10k monthly
    Sending money to external accounts via Account and Routing number: 1k daily, or 10k monthly

    So it’s probably best that I closed my account anyway. 10 days to get all your cash out is ridiculous.

  16. I believe they had been using Wyre as their crypto custodian who is said to be liquidating. https://www.axios.com/2023/01/03/wyre-shutdown-crypto-winter

  17. I didn’t receive a email. Does this apply to everyone”
    “5% interest rate was raised from $10,000 to $25,000 ”

    Is there a public link that shows the increase?

  18. Why even bother? I’d build a state tax free 4 week T-Bill ladder at 4% and give up on the extra $150 some odd dollars you would otherwise get from Juno (assuming they don’t change the rate once some deposits roll in. Find a great tutorial here!: https://www.mymoneyblog.com/how-to-build-a-treasury-bill-ladder-a-visual-guide.html

    • Jason Boxman says

      Exactly. That’s what I’m doing. After my previous experience with Juno a few years ago, I decided not to hop back into this for a few hundred some pre-tax dollars.

  19. Check your account to see the latest update under “home”.

  20. anyone else just get a late 1099-misc from Juno this week? Would really prefer not to have to file an amendment but prob have to.

  21. Beware – Worst Nightmare and Banking experience in my Lifetime:
    My wife and I have been retired for 10 years and joined JUNO in 2020. Last week we received notice when login it says Banking Regulations requires periodic review and hence put each our accounts on HOLD – NO IN or OUT money.
    It’s been a week and still on HOLD with no explanation. Worst support team as PHONE call never worked and chat has very short hours and response meaningless.

    NOT sure if JUNO is in any type of trouble.
    We are ordinary citizens with lifetime savings on HOLD. Please advise which banking agency we can seek for help.

    • Jason Boxman says

      You could try the CFBP: https://www.consumerfinance.gov/complaint/ and your state’s consumer protection bureau or attorney general’s office.

    • Maybe it’s just me, JUNO phone listed +1 (628)-200-4108 never worked/connected. Have you tried?

      We will close our account when it’s “review” is complete – not sure when and why still.
      Need your advice for quick escalation or resolution

      • JUNO support:
        Get on a call with our support team. Available between Mon- Fri, 10:30 AM EST – 4:30 PM EST.
        Customer Support Number
        +1 (628)-200-4108

        Never had success!

        • BEWARE JUNO – 8 days my account is still “in Review” and cannot move money in or out.

          JUNO support team is not helpful at all. Standard useless message from JUNO (see below)
          “…thank you for bringing this to our attention. I have escalated this issue to the compliance team and they’ve put it on the highest priority. I will make sure to keep you updated on any further progress. ”

          I Will move money out once it is resolved (don’t know when)
          Appreciate very much anyone who can help or advice. THANK

          • Sorry to hear that. Sounds quite horrible. I will stop writing about Juno in my monthly rate updates.

          • I think that’s foolish to stop writing about them because of one customer’s bad experience. If I tell you my nightmare saga with BofA will you stop writing about them too?

            I’ve been with Juno (previously OnJuno) since they first launched in early 2020. They have made a number of product adjustments over the years, some good, some not so good, but at the end of the day they have a great product and reliably high interest rates, now 5% on up to $50k (previously $25k). A shame that they had to remove Walmart from the 5% category, but since they switched from 10% to 5% cash back, it’s not really a standout anyways.

            I wonder if playc was doing something sketchy, like lots of international transfers.

          • We are retired couple from computer industries. Simple accounts at Chase, BOA, Fidelity.
            NO international transfers.

            JUNo message says banking requires periodical account reviews. It’s going to 9th day and as shown in the post here the CS response offers no help.

            Try Juno support yourself and even better maybe you can ask for me why reviews take so long. Try call the support line and chat and share your trial experience here. Maybe you get some answers and can enlighten us.

            Our accounts been open since 2020 all good till now. Still not sure why the review process takes so long with no clarifications.

            Hope you or anyone give Juno support line a call or chat and share experience here.

          • It’s not just playc’s experience, although that is an important data point. This site has to add a bit of judgment as to whether something is worth the hassle or not. Juno has offered a lot of rewards, and honestly I have no idea who is paying for it all. I am a customer myself and I have gotten a lot of rewards from Juno in a variety of ways, netting hundreds if not over a thousand dollars overall. At the same time, I do get the feeling that Juno keeps having to juice up the rewards to keep up the customer deposits and activity, but at some point the music will stop. I am personally not participating in the 5% APY at Juno. I don’t know how their business model can continue much longer (or even how it has lasted this long). You can get 5% APY with less worry about a disruption in service elsewhere. Some people don’t like SaveBetter because it is a fintech, but at least their business model makes sense as they are simply a middleman getting paid for customer acquisition. The banks and credit unions themselves are paying the interest.

          • thanks Jonathan, I have learned a lot from your blog. Wish you all the best/

            Ths situation is much more than terrible. My spouse and I each have individual account as JUNO does not support Joint. We are senior citizens retired with most of our savings at JUNO since 2020. Both our accounts are under Review and locked for in and out now it’s 8 days. Can anyone imagine the account is used daily expenses? We are considering contact local NEWS for help as JUNO has put our Financial life in worst nighmare.

            JUNO to date has not provide any reason or status. Hard to believe the reivew will take so long. I learned the entire Customer Service is based in INDIA,. And the support I received is far below the basic American Standard.

            Any advice how and what we can do to escalate will be highly appreciated. And can only hope our terrible experience won’t happen to any of you

  22. More on JUNO –

    We have filed a complaint to CFBP: https://www.consumerfinance.gov/complaint/ (thanks to Jason Boxman advice).
    As Jay R says, “I wonder if playc was doing something sketchy, like lots of international transfers.” It is absolutely NOT THE CASE. My spouse and I retired (over 70) from computer industry almost 9 years ago. We have NO INTERNATION TRAnsfers of any kind. Only transfer monthly interest via ACH to linked US bank accounts.

    JUNO has provided worst banking experience in our lifetime and put financial hardship as we could not access our retirement funds. All was ok until you need Support and JUNO is the worst. Sharing our terrible experiences here (as we love Jonathan blog – been reader since it first started)) we can only hope the readers here wont experience the same.

  23. Update on Juno – after 12 days of account locked with no access to fund, and numerous email and chat inquiries, finally received call to upload a bank statements. And accounts were unlocked in minutes. Why it took 12 days???

    CS emailed apologies citing they are not perfect and credit account with $10 each. Our stress in the past 12 days are beyond your imagination. We will move all funds out and leave $1 to keep accounts open solely reason so we can access 1099 in !/2024.

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