What is OnJuno?
OnJuno is an online banking platform that aims to provide users with an integrated alternative to traditional banks. Launched in 2021, OnJuno offers a mobile app that combines banking, budgeting, and rewards services to provide customers with a streamlined experience.
Key features of OnJuno include:
- FDIC-insured checking and savings accounts with no monthly fees, minimum balances, or overdraft fees
- Automated budgeting and analyzing of your spending based on linked accounts and transactions
- Access to over 55,000 fee-free ATMs in the AllPoint network
- Up to 15% cashback rewards that can be redeemed for gift cards or investment into a diversified portfolio
- Early access to paychecks through direct deposit
OnJuno aims to provide simplicity, transparency and social responsibility in a banking platform. Its goals are to help customers maximize savings, eliminate banking fees, and achieve financial empowerment. The service is targeted primarily at younger demographics including millennials and Gen Z.
As an online-only banking platform, some downsides of OnJuno may include lack of physical branch access for complex financial needs. However, its automated tools and rewards structure provides an intriguing alternative to big retail banks for digitally savvy consumers looking to simplify their finances through a single intuitive app.