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Juno Finance Review 2024: Fees, Pros & Cons

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Swen Keller
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Juno Finance Review: Our Opinion

Juno Finance is a crypto-friendly neobank that gives users low-fee access to several banking services. However, it only offers a checking account and does not give access to a savings account. 

Juno Finance also doesn’t provide a physical debit card out of the box, you’ll need to request one yourself. 

In general, Juno Finance is easy to set up and use for crypto-relevant banking services and cashback rewards.

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Out of 5
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    What is Juno Finance?

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    Juno Finance is a financial technology company, not a bank that offers financial services like a checking account and a debit card via its partnership with Evolve Bank and Trust; Member FDIC.

    An Overview Of Juno Finance

    Juno was founded in 2015 and is headquartered in Singapore with its other branch locations in San Francisco, the United States, and Karnataka, India. 

    It is a financial technology company and not a traditional bank and has the mission to make financial freedom accessible to everyone. 

    The neobank was founded by Varun Deshpande, Ratneah Ray, and Siddharth Verma who hold the positions of CEO, CTO, and COO respectively. 

    Juno Finance is backed by some industry-leading brands like PayPal, YouTube, and Apple. Other personal investors include Balaji Srinivasan (CTO Coinbase), Jaynyi Kanani (Polygon co-founder), Mike Dudas (Founder, The Block), Amrish Ray (CEO, Pine Labs), and Joseph Lubin (co-founder, Ethereum) amongst others. 

    The company offers banking/ financial services, cryptocurrency trading products, and cashback rewards.



    Juno Finance Review: Unique Features

    Juno Basic Checking Account

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    The Juno Basic account is a high-yield account suitable for beginners and first-time Juno users. There is no minimum deposit or monthly maintenance fee required for this account. 

    The Basic account offers all the essential functionalities needed by most crypto users. 

    Transactions are easy to execute without any unnecessary complexities. 

    Basic account holders can earn 5.00% APY on balances up to $50,000, they can also earn cashback at several companies. 

    Unlike the Metal account, the Basic account has lower limits. These limits are designed to help the users get familiar with Juno’s offerings. 

    You can view the limits for the basic account in the Limits section of your Account tab. These limits can either go up or down depending on how you use your account. 

    Purchase and deposit limits vary based on your payment method and region. 

    The daily limit resets at 5 p.m. Pacific time every day (midnight UTC), while the monthly limits reset on the first day of every month. 

    With the Basic account, you get a plastic card on request and a yearly cashback of up to $25.

    You can upgrade your Basic account to the Metal plan whenever you are ready. 

    To do this, set up a direct deposit of $250 or more per month. Once the direct deposit is successfully settled, your account will be upgraded to the Metal plan if you meet the approval criteria. 

    To maintain your Metal access, you must sustain a monthly direct deposit.

    Juno Metal Account

    This is the highest-tier checking account on Juno. The Metal account is similar to the Basic account but it offers a few more perks

    The Metal account provides enhanced limits on the platform as well as greater cashback benefits. 

    The Metal account is suitable for crypto enthusiasts and experienced Juno users looking for expanded on-ramp capacities, access to new features, and amplified cashback rewards. 

    With the Metal account, you get a 13.3g Stainless steel core card on request and a yearly cashback of up to $500.

    To be eligible for the Metal account, you need to make a direct deposit of $250 or more per month.

    When you upgrade to a Metal account, Juno will issue you a metal card. You can only hold one metal card at a time. 

    If your monthly deposit is less than $250 or is discontinued within 90 days, you will be automatically downgraded back to Basic Checking. 

    You can also voluntarily downgrade from Metal Checking whenever you wish. 

    If you order a Metal card and decide to downgrade before 3 subsequent qualifying months, you will be charged $60 for the cost of the card.

    How to Buy Crypto with a Juno Finance Checking Account?

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    Juno Finance allows you to buy cryptocurrency for as low as $1. 

    Buying crypto requires that you hold a balance in your Juno checking account. So if you want to purchase crypto assets worth $1,000 ensure that your Juno account holds a $1,000 spendable balance. 

    That said, to buy any supported crypto of your choice, log into your Juno Finance account.

    Next, tap the particular crypto Price Card (Bitcoin Price Card, for example) on your Juno home screen.

    Press ‘Buy’ from the Bitcoin Price page. On this page, you can track the price movement of Bitcoin here.

    Input the fiat currency account or Bitcoin value equivalent and select ‘Confirm’. 

    Enter the 2FA received on your mobile phone and select ‘Confirm’. 

    After you’ve purchased it, the transaction will show as Pending. 

    Your crypto should arrive in the Juno crypto wallet in a couple of seconds.

    How is Crypto Stored?

    Juno offers individual custodial hot wallets where you can hold your cryptocurrencies.

    Cryptocurrencies Available on Juno Finance

    Juno Finance supports 36 cryptocurrencies. 

    Supported cryptocurrencies include Bitcoin, Ethereum, Algorand, Bitcoin Cash, Dogecoin, Cardano, EOS, Hedera, Polkadot, XRP, Stellar, Fantom, Litecoin, Solana, AVAX, Elrond, etc.

    Juno Finance Fees

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    Juno Finance does not charge the following fees:

    • Minimum balance for checking accounts
    • Juno checking account maintenance fee
    • Foreign transaction fees
    • Monthly fees

    That said, using your Juno Checking accounts will attract the following fees:

    Transaction Fees

    • Funding using your debit card: For this deposit method your first 3 transactions are free then subsequent ones incur a 2% fee of the total amount involved. 
    • Incoming Wire: Juno Finance charges $5 in transaction fees for depositing via wire transfer to your Juno account. 
    • Incoming Cash App: If you send incoming payments via Cash App, Juno Finance will charge you a flat $0.99 in transaction fees. 
    • Outgoing Cash App: Outgoing transfers to Cash App will take a $2 fee.
    • Outgoing Same-day ACH: This costs a flat $2 in transaction fees.
    • Outgoing Domestic Wire: Juno Finance charges an outgoing Domestic Wire Fee of $15

    Return Fees Associated with Transactions

    • Remote Check Deposit Returns: Juno Finance charges $5 for this. 
    • ACH Return from a Connected Bank Account: You’ll have to pay a $5 flat fee for this. 

    Other Fees

    Account Closure Fees for Violation of Terms of Use: There’s a $5 fee for account closures of this nature. 

    Metal Card Replacement: Juno Finance charges $60 for this action. 

    Cryptocurrency Fees 

    Juno Finance does not charge trading fees for cryptocurrency transactions but earns a portion of the spread on buy and sell orders. The price that Juno Finance quotes to you includes a dynamic spread.

    That said, Juno does not charge for crypto deposits and withdrawals to external crypto wallets, however, network fees are applicable. 

    The network fee paid may differ from the estimated cost due to changes in blockchain network congestion. 

    Juno Debit Card Fee

    Juno’s debit card can be used for fee-free cash withdrawals at more than 85,000 Allpoint and MoneyPass ATMs. 

    Juno will take care of the ATM withdrawal fees and reimburse up to 1 transaction for Basic users and 3 transactions for Metal users monthly from ATMs outside the partnered network. 

    Also, ATM withdrawal fees of up to $4 per transaction are refunded to your account within 8 days of the transaction settlement.

    Security: Is Juno Finance Safe?

    Juno is a secure FinTech company with several security features in place to ensure the security of user’s funds. 

    Users’ accounts are protected with a two-layer security architecture: Security login and Confirmation PIN. 

    The security login has a sign-in authentication which consists of a username and password or face/fingerprint recognition for both the mobile app and web app.

    The Confirmation PIN is a 4-digit code that is required every time you connect/disconnect your phone or make a transfer. 

    Note that the confirmation PIN is not the same as your Card PIN that you use to withdraw cash from the ATM. 

    To enhance security and prevent the risk of account takeovers, the system initiates an automatic logout which occurs after 60 minutes of activity on the website. 

    That said, since Juno does not operate as a bank, it cannot provide FDIC insurance on its own. 

    The funds in the Checking accounts are facilitated by Evolve Bank & Trust which offers FDIC insurance coverage for USD deposits extending up to $250,000. 

    Digital assets held in Users’ accounts are not protected by FDIC insurance or any third-party or government-backed insurance.

    Staking Rewards and Cashbacks

    Juno Finance does not offer a staking rewards service but it does support up to 5% cashback for debit card purchases on supported merchants and cash deposits. 

    Juno has the following cash-back limits depending on your account type.

    • Basic Tier Cashback Limit: The cashback limit for users in the Basic Tier is $25 per year. 

    • Metal Tier Cashback Limit: The cashback limit for this account type of $500 yearly. 

    You can increase your cashback limit by trading cryptocurrency at Juno. For all crypto trade fees you pay (in spreads), Juno will boost your cashback limit with the same amount. 

    For instance, if you pay $5 in fees your cashback limit will be increased by $5.

    Supported Countries

    Juno Finance is available to users in over 100 countries including the United States, Singapore, and India. 

    Juno services are not available in jurisdictions sanctioned by the United Nations, the Monetary Authority of Singapore, or OFAC. 

    Prohibited Locations include Pakistan, Russia, Ukraine, and Poland.

    Juno Finance Licences

    Juno’s banking and financial services are provided by Evolve Bank and Trust, Member FDIC.

    Opening a Juno Finance Account

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    Opening a Juno Finance checking account takes about 3 minutes. 

    To do so, head to the Juno Finance homepage and tap on the ‘Create Account’ button at the upper right corner of the page. 

    Enter your details which include your email address and password to request a Juno account. 

    After this, you will receive an automated verification email. Go to your inbox verify your email address and then enter your data in the following fields:

    • Personal information
    • Mobile number
    • Home address
    • Social Security Number
    • Documents to verify your identity. This can get your driver’s license, Passport, or Legal Identification.

    After you’re done with this and wait till the Juno Finance team verifies your account then you can begin using your Juno account and get access to your virtual card.

    Juno Card

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    The Juno Card is a debit card that allows you to spend directly from your Juno account. Juno offers both a virtual and physical debit card. 

    The debit card can be used for free cash withdrawals at over 85,000 MoneyPass and Allpoint ATMs. 

    Juno offers withdrawal fee reimbursement for up to 3 transactions for Metal users and 1 transaction for Basic users per month for ATM transactions outside the specified network. 

    The debit card can also be used to make ATM withdrawals both locally and internationally. The Juno out-of-network reimbursement policy also extends to cover transactions made at international ATMs. 

    You can add your Juno debit card to Apple Pay, Google Pay, Samsung Pay, and Venmo at no extra cost. 

    As already stated, Juno also offers a virtual card. The virtual card is issued immediately when you set up your Juno checking account. This virtual card can be instantly used as long as your account has sufficient funds. 

    If you wish to get the physical debit card you can submit a card request in your Dashboard or contact customer support at hello@juno.finance.

    You can track the status of your card shipping by using the tracker in your ‘Card’ tab on your Juno Dashboard. 

    Once your physical card arrives, you can activate it in the Juno mobile app by doing the following:

    Scroll to the ‘Card’ tab and click on ‘Activate Card 

    Enter the last 4 digits of your card 

    Confirm the digits you just entered and set a PIN for the card

    Finally, click ‘Activate Card’. Your card will be immediately activated. 

    The spending limit for your card depends on whether you are on a Basic or Metal tier. 

    Juno does not limit the number of times you can use your Juno Debit card for withdrawals and purchases. 

    That said, you can change the daily spending limits of your card. 

    To do this, follow these steps:

    • Scroll to the Card section and click ‘Manage Card’ 
    • Enter your preferred daily cash limit for your account (it must be within the daily withdrawal and spending limit) 
    • Finally, click ‘Save’

    Juno offers a reimbursement for any ATM withdrawal charges, covering up to $4 for each transaction. This amount is credited back to your Juno checking account within eight days following the transaction’s settlement.

    Juno Finance Mobile App

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    The Juno mobile app allows you to manage your Basic or Metal Checking account and access cashback. 

    You can earn 4% on cash deposits up to $250,000 and 5% on cash deposits up to $50,000. 

    You can also earn 5% cashback on over 30 selected brands including Amazon, Netflix, and Walmart. 

    You can earn Juno points, redeem gift cards, and unlock exclusive experiences all from within the app. 

    The Juno app lets you instantly invest in digital assets, and send money abroad at lower rates than banks. It also lets you add your debit card to Google Pay, Apple Pay, and Samsung Pay.

    You can also order, activate, and deactivate your Juno card from the app.

    Juno Finance Deposit and Withdrawal Methods

    You can use the following deposit methods to add funds to your Juno account: Linked card deposits, Instant P2P funding, ACH transfer, Domestic Wire Deposit, Linked Bank Deposits via Plaid, Transfers from external accounts, Cash App, check deposits, and direct deposit.

    Customer Service

    Juno Finance offers customer support via Online chat, support ticket, and email at hello@juno.finance. 

    The platform also has a FAQ page equipped with lots of articles. 

    That said, customer reviews on third-party review platforms show that a lot of the customers have complained about having their funds locked.

    Juno Finance Compared with Its Main 2 Competitors


    The Chime Neobank offers an online checking account just like Juno Finance that’s free to open and doesn’t have monthly fees. However, it doesn’t support cryptocurrencies which is where Juno Finance outshines it. 


    A Varo Money account gives users access to both Savings accounts and Checking accounts, unlike Juno Finance which doesn’t offer a savings account. It also offers cashback and provides FDIC insurance up to $250,000.

    What is a NeoBank?

    A neobank is a digital-only financial technology company. It isn’t a traditional bank and usually partners with a regular one to offer its banking and financial services.

    How to Choose the Right NeoBank for Your Needs?

    To choose the right neobank for your needs consider the following:

    • Applicable transaction fees 
    • Cashback rewards 
    • Debit card (physical, virtual, or both)
    • Ease of use 
    • Crypto support (number of available assets if available)
    • Reputation of Partner banks used


    Juno Finance is a basic neobank that offers simple services like a checking account and a debit card. It stands out for its subscription-free service and ease of use. 

    That said, Juno is quite limited as it doesn’t offer savings accounts or joint checking accounts and you need to request a physical debit card.

    Not entirely satisfied with Juno Finance and feel there’s more out there? Our meticulous MoneyLion critique might resonate more with your banking needs, offering insights into a Neobank that prioritizes user experience.


    Most frequent questions and answers

    Yes, Juno Finance is a legit platform with branches in the US, India, and Singapore.

    Juno makes money from the spreads it charges on transactions made on its platform.

    Juno Finance is partnered with Evolve Bank and Trust.

    Yes, Juno is a Neobank.

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