Jenius Bank, a division of Sumitomo Mitsui Bank
Analysis
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Edited by General
Jenius Bank opened in 2023 as a division of Japan's Sumitomo Mitsui. In the US, it only offers an online savings account with no fees or minimum balances. Its rate is very competitive.
Advantages
- Jenius Bank's online savings rate remains competitive with no minimum balance requirement.
Disadvantages
- Jenius Bank's customer service is very poor with limited availability and no mobile app.
- Jenius will not open accounts for residents of Hawaii and New Mexico.
- Sumitomo Mitsui, Jenius Bank's parent, is among the world's largest lenders to climate damaging industries and refuses to meet any carbon reduction goals.
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
Jenius Bank, a division of Sumitomo Mitsui Bank Reviews
tjgarnett
March 2, 2024 |
Attracted to the rate, but not ready for prime time. I opened the account so they got all my personal info but I never funded.
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