Juni review

The account carries a monthly fee of €79, well above the €0 most providers charge at the top of the range. Same-currency transfers carry no charge, so the fee is the fixed part of the bill and the variable part is currency conversion.

Conversion pricing is 0.5% to 1.5%, above the 0.3% charged by the average multi-currency account. The model is built for low conversion costs, so the rate saves more as volume grows, while the monthly fee of €79 works against smaller sums.

Deposits are covered by EU DGS up to EUR 100,000, though money above that cap sits outside the scheme. The account is run by Juni Technology AB, based in Sweden, under the Swedish Financial Supervisory Authority (Finansinspektionen).

You can hold 5 currencies in the account, and local account details come as iban, so incoming payments can arrive in the currency you are billed in. On currencies, that puts the account at 156 of 379 brands compared.

Support runs on help centre, chat and email. The help centre and email suit routine questions, and chat handles quicker ones, but there is no phone line listed, so anything urgent goes through chat or email. The account is digital only, so most of it runs in app rather than at a branch.

Juni is aimed at business users, so company accounts are the core of the offer. The pricing model is built around low conversion costs, which suits firms that invoice abroad or pay suppliers in another currency. A personal account is a weaker fit, since the account is digital only and priced for company use.

Transfers in the same currency carry no charge, and the account is priced for businesses that keep money in more than one currency, holding 5 of them. The saving on domestic movement matters more for a company with several accounts than for a personal one, and the monthly fee of €79 is fixed either way.

It is a business current account from a Swedish provider rather than a savings or investment product, so it fits companies handling day to day money. The account is digital only, and payment details are issued as iban for receiving money in the right currency.