OnJuno serves as a US-based neobank that lets customers manage their accounts through their iPhone and Android devices. OnJuno, let people from the United States establish their mobile bank accounts. Based on 640 reviews, OnJuno earns a TrustPilot rating of 3.95.
Juno operates as a neobanking platform under its previous name OnJuno by providing personal checking accounts that generate interest. Customers can run their entire transaction flow through iPhone or Android applications and receive cryptocurrency payments directly into their bank accounts.
Juno operates two different bank checking options for its customers. Juno Basic Checking Account serves as their free account while Juno Metal Checking Account requires you to receive $250 in monthly direct deposits to keep. Juno does not offer joint bank account services to its users.
You can access your account without fees at 85,000 ATMs across the United States through Allpoint and MoneyPass. You do not need to pay Juno whenever you use an ATM from another provider, yet the ATM operator might still charge you. Juno returns one Basic account fee each month and three Metal account fees every month.
You cannot make transactions that exceed your account balance, but must pay no fees for going into the negative. Juno stops any purchase that would empty your bank balance.
Juno does not offer phone-based support services for its customers. The company states that it provides live chat support from 9 a.m. to 6 p.m. PT daily. Your money is protected by FDIC insurance up to $250,000 through the banking partnership between Juno and Evolve Bank & Trust.
Is Juno Trustworthy
Evolve Bank & Trust receives an A rating from Better Business Bureau because they partner with Juno. The BBB evaluates trustworthiness through its evaluation of how companies deal with customer complaints and handle advertisements, plus how open they are about business operations. Evolve Bank & Trust earns an A rating from the BBB because of official government actions against the financial institution. The U.S. Justice Department ordered Evolve Bank & Trust to pay $1.3 million in 2022 to reimburse borrowers. The government claims Evolve Bank & Trust discriminated against potential home buyers through its mortgage application process by using sexist, racist, and national origin criteria from 2014 to 2019. Since May 2024, Evolve Bank & Trust’s customers have faced banking difficulties because its partner company Synapse filed for bankruptcy. Synapse, the partner company of Evolve Bank & Trust, declared bankruptcy, which caused this problem. The bank blockades all account functionality, including deposit transfers and ATM withdrawals, plus other services. Their High Yield Checking account pays 2.15% interest on deposits while requiring only $11.99 per month but waiving the fee for six months. This account demands a $1000 minimum balance. Their upcoming account tiers include a middle plan with $500 minimum and $6.99 per month that gives 1.65% interest on balances and a free tier with no fees and no minimums with a 1.15% rate. Juno creates a worldwide banking platform that helps users worldwide earn better returns on their deposited money. Juno launches its services in the US to develop a worldwide platform that offers financial access to everyone, no matter their residence or financial status.
Since the company is not a bank Evolve Bank and Trust Members FDIC takes care of banking services. The Juno card operates under a Mastercard license from Evolve Bank and Trust which holds its Member FDIC banking license.
JFunding
On October 9, 2019, Juno secured a seed fund worth $3 million through partnerships with Sequoia Capital’s Surge Program, Polychain Capital and Dragonfly Capital Partners. The round also saw participation from Consensys Labs, Astarc Ventures, and Singapore Angel Network. Angels including Balaji S. Srinivasan (Ex-CTO, Coinbase and General Partner, a16z), Salil Deshpande (ex-MD, Bain Capital Ventures). Amrish Rau and Jitendra Gupta (CEO & MD, PayU India), Nitin Sharma from Incrypt.
Platform
Users can select crypto payment and receive their funds directly through bank transfer. They can start receiving crypto payments through direct deposits by linking their preferred wallet to their payroll account. Apple, Google, Amazon, Messari, Polygon, Uber, Polychain, Microsoft, KPMG, and Twitter staff members from their organizations take their paycheck in cryptocurrency using Juno. The system follows these fundamental steps for users to access crypto payments. Choose your desired currency from BTC, ETH, USDC or other wallets and add the payment amount. Go to your payroll provider and set your money to transfer directly into your selected account. Choose the Wallet Destination by Selecting Juno Wallet or Other External Wallets.
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