Juni Bank Review: Bank for E-commerce and Entrepreneurs
Juni is a digital bank for e-commerce and online marketing entrepreneurs, Buy Juni bank account offers excellent features like unlimited virtual cards, Visa Platinum credit card with a cashback, invoice and bank statement matching, cash flow and liquidity management features .
Juni was founded in 2020 by Anders Orsedal, Samir El-Sabini and Jonathan Sanders. It has its headquarters Sweden.
What’s Special About Juni Bank Account
- You choose your own daily and monthly spend limits.
- You choose currency of your choice with IBAN (EUR, GBP and USD) and avoid paying currency conversion fees.
- Get unlimited amounts of virtual Visa Platinum Cards.
- Track your funds in all your bank accounts, ad networks and payment gateways in one dashboard.
- You can make SEPA, Non-SEPA and SWIFT (International Wire Transfer) transfers.
How to Open Juni Bank Account
If your business is registered in supported countries, you can join Juni bank. It is completely free to open an account and order a card. The bank is currently in a beta phase. Business that qualify to open Juni bank account are LLCs, LTDs, PLCs, BV, AB, EEOD and Sole Proprietorships located with the EU, EEA and the UK. You can sign up with Gmail or any other email address you have. You also need to verify your company.
Juni boasts to be a financial companion for digital businesses in the eCommerce and digital marketing niches. Juni offers its customers the following features:
Juni Visa Cards for Online Advertising
Juni offers Visa Platinum debit cards that come with 1% cashback on all your spending. You can set your daily and monthly spend limits using a Juni debit card. Juni debit card supports the following currencies, EUR and GBP. Soon, you will be in a position to use Juni debit cards to create an unlimited number of virtual Visa Platinum cards that you can use for online shopping. This allows you to secure your banking information and your money as well. Also, Juni is set to introduce physical cards and USD accounts soon.
With Juni cards, you can avoid losing tons for revenue caused by issues with debit cards. For instance, having different currencies on your card and ad account can be a serious issue. Also, many cards get frozen for no reason and banks set spend limits that can affect your business when you want to scale up your limit.
Juni IBAN Accounts in EUR and GBP
Juni offers IBAN accounts in EUR and GBP that enables one to avoid fees when paid in the right currency. Their EUR IBAN accounts are registered in Estonia, GBP in the United Kingdom and USD in the United States.
Juni bank does not support bank checks or cash deposits.
Juni Account Managers
Juni gives you a team of dedicated managers you can reach at any time. These account managers can help you with your business needs and accelerate your business operations.
Juni Bank Integrations
Juni allows you to easily track your Return on Ad Spend on Juni’s dashboard. You can easily integrate Juni with a wide variety of services like Google AdSense, Stripe, Revolut, Facebook, Shopify and PayPal. You can easily track your Return on Investment across your entire business. You also get access to financial updates to your email or Slack.
Juni Features Currently under Development
Juni is still in the process of developing other features. At the moment, Juni is in the early BETA stage. There are only a limited number of features ready for use. The following are the features that Juni is currently developing.
Ability to Fetch Invoices
You can easily fetch invoices from Facebook Ads, Google ads and your Gmail. Juni can then match them with your statements.
Ability to Share Financial Data with your Team
Soon, Juni will help you get detailed and customized reports of your financial data. You will be in a position to share your growth rate and revenue with stakeholders and team members. Also, you will be in a position to generate detailed accounting reports for your accountant.
You can scale your winning campaign and increase your cash flow liquidity. Cashflow management can become an issue and it can take much of your time as you wait to get paid. You will not have to wait for long to get payments for platforms like Stripe, PayPal and Braintree once this feature has been developed.
Juni is still in its Beta stage. Not all features are accessible since Juni is still developing most of these features. Juni has eliminated as many fees as possible during the Beta period. Most of Juni fees will be updated when Juni has built all features. Most of their services currently are free apart from SWIFT payments and some other fees charged by Visa and parent banks. Transacting using your card using the same currency is free. To use different currencies, you will be charged a fee of between 0.24% and 3.69% in FX fees. buy Juni Bank
Juni Bank Supported Countries
Currently, Juni accepts beta applications from companies within the EU, Norway and UK only except Germany and Malta. It hopes to expand into other markets soon. buy Juni Bank
Is Juni Bank Safe?
Juni Technology AB is a Swedish Limited Company. Its Platinum VISA card is regulated by the Financial Conduct Authority (FCA) in the UK and the Bank of Lithuania. Juni bank account funds are not covered by the EU Deposit Guarantee Scheme, Financial Services Compensation Scheme (FSCS) or Federal Deposit Insurance Corporation (FDIC). Juni’s IBANs are provided by their partner RailsBank, which is regulated by the FCA. buy Juni Bank
Juni does not operate as a bank. We don’t lend out your money or make investments with it. The money you deposit with Juni is kept in safeguarded accounts with the Bank of Lithuania (EUR) and the Bank of England (GBP). The funds are only used when you execute payment transactions (using the Juni card or making bank transfers). The money we use for our business operations is kept completely separate from the money you have deposited into your account. If Juni would go bankrupt or become insolvent, your money will be returned to you in full. buy Juni Bank
Juni Bank Alternatives
Other banks that offer ecommerce banking features include:
Summary on Juni Digital Bank for Digital Entrepreneurs
If you are a digital entrepreneur and you have a business-related to dropshipping, eCommerce, or marketing, you can sign up for an account with Juni. You will get access to Juni cards for online advertising, while you can also open IBAN accounts in EUR and GBP.