Newsroom
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3 mins read
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October 12, 2023
Important Notice: Upcoming Changes to Your Juno Account
This will help improve the functionality of the platform including the potential to provide enhanced FDIC Insurance coverage on balances up to $500,000.
At Juno, we are dedicated to providing you with the best financial services. To enhance your financial experience, we are making some important changes. This will help improve the functionality of the platform including the potential to provide enhanced FDIC Insurance coverage on balances up to $500,000. This change comes at no additional fee to you. No actions by you are necessary at this time.
Here's What You Need to Know:
1.
Transition to Cash Management Accounts:
We will be transitioning from checking accounts to cash management accounts. In connection with this transition, a brokerage account at Synapse Brokerage LLC will be established on your behalf. Funds held in your checking account will be transferred to your brokerage account and then into the cash management program. Until further notice, you will continue to have full usage of your checking account as necessary to use the various ancillary services.
2.
Program Banks:
Your funds will be held with trusted program banks, including AMG National Trust; American Bank, N.A.; Third Coast Bank, SS; Western Alliance Bank; Webster Bank, NA; Old National Bank; ServisFirst Bank; NewBank; and Customers Bank;
3.
Your Current Account Number and Cards:
Your account number and debit cards will remain unchanged. There are no changes to your use of your debit cards at this time. Although we plan to migrate to a new routing number in the future, this change is not part of the current transition. We will notify you well in advance when this change is scheduled.
4.
Transition Timeline:
This transition will occur over the next several months, will be seamless, will come at no additional fee and will not require any action on your part unless you wish to opt out. In any event, you will receive regular updates from us as we progress through the process.
Please click
to review the Notice. Please also review the updated Juno’s
and
in relation to these changes.
If you have any questions about our services, please feel free to directly contact us at
. For specific questions regarding the Cash Management Program, please contact Synapse at
.
