Jenius Bank

Deposits held and insured by SMBC MANUBANK

Overview / Commentary
844-453-6487
515 South Figueroa Street, Plaza Level
Los Angeles, CA 90071
Deposits held and insured by SMBC MANUBANK

Jenius Bank is a member of the SMBC Group and the Digital Banking Division of SMBC MANUBANK, Member FDIC. Jenius has a start-up mindset paired with SMBC Group's 400 years of history so they will grow with their customers long-term.

Reviews (8)

5 Business Days Hold

Posted by: |

Jenius savings, as per phone
1) 5 business days hold on all incoming - regardless - pull or push
2) up to 4 external accounts
3) transfer limits 50k out / 250K in
4) no plans to offer checking or certificates, at this time
5) 24/7 phone support
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Note: Janius Deposit Account Agreement
Initiated Through Another Bank
Funds will generally be available on the next Business Day after the day the ACH transfer is
received by us but may be available earlier, depending on the type of ACH transfer.
Initiated Through Us from a Linked External Account
Funds will generally be available on the fifth Business Day after the day the ACH Transfer posts
to your Account.

On-Line Savings Account

Posted by: |

Opened a savings account on Tuesday morning, micro deposits linking accounts were on my external account the next day and I immediately initiated a transfer to fund the new account. I initiated the deposit from Chase to Jenius and the next day it shows as available balance and current balance. Customer service has been a charm, very polite and friendly. I was told there would be a hold for 5 days on incoming funds but since I pushed instead of pulled the funds, there is no hold. I will initiate a transfer out next week and see how that goes. So far all is very good !
Please note that Chase bank is much quicker than some other banks at transfers in and out. Also, after talking with customer service, there is a 24 hour hold on incoming funds pushed from an external bank. 5 days if pulled. Always best to transfer funds on a Monday or Tuesday morning early as possible so you don’t run into the weekend. I usually initiate transfers at 5:00 in the morning on Mondays.

A Great On-Line Savings Account

I was a bit nervous to invest with this bank, being a bit on the new side, though their parent company has been around for about 100 years.

Regardless, I was looking for a great online savings account rate protected by FDIC. When I opened this account in Jan 2024 it was at 5.10% APY , It has since moved up to 5.25% APY.

After doing the initial application I was a little nervous, as I did not hear back from them instantaneously of either a denial oran approval. A few days later I received a call from one of the representatives to verify all of my information. While it is great having an online bank with a great rate and no fees, it was still nice to hear a human's voice.

After that call, they opted for the 2 small deposits in my account at USAA and then I verified those amounts and then I put in the transfer. It took a day or two and all has been well. I have since transferred some additional funds into the account and have had no issues. I can't say as to the transfer from Jenius back to my home bank of USAA, but I don't foresee any issues. I love USAA for a multiple of reasons and I'm thankful I have the opportunity to utilize their services on multiple platforms, but at the end of the day I need my $$ to make $$.

Beyond Awesome

A Simple savings account with a good rate. I go to a full service branch bank for my main checking account and link to a bank with a high rate saving account. This bank seems to have a successful loan product, which means they will likely stay top of market with their savings rate to fund that portfolio.
Reasonable transfer limits with 24/7 call center. That is all I need out of a savings bank. Rate, Service, Easy Money Movement. They dont have their mobile app yet, but for those that know to save the url as a widget on their phone, it looks and works just like an app.

Attractive But Not Needing Right Now

Posted by: |

DepositAccounts led me to this due to 5.1% savings account rate. I do a little better right now at Raisin.com. The website was extremely friendly and actively encouraged calling them 24/7. I ended up calling to verify that accounts are for personal accounts only, no business accounts.

Don't Waste Your Time

Their online portal for application is very problematic and so you will get a major hick-up there... And they turned down a loan due to another loan I had.... Hello I was going to pay off that loan with their loan...(consolidation and a better supposed rate) but they treated it like an additional loan and declined me.
At least get the facts right before you decline. Secondly, there is no communication, no replies to emails so you are basically dealing with a computer box with no brain. Run and just keep running.

Don’T Even Try This Bank!!!

Posted by: |

They let you set up an account quickly and send you a pre approved for 30K which is I applied for . (with 760 credit ) .. then when I submit an application they didn’t approve. And I have one hard inquiry. Big scam for me.. don’t apply for personal loan to this bank.

Account Info

NO beneficiary designation currently permitted. (Deal breaker for me.)
ACH daily transfer limits: out 50K, in 250K.
Multiple external accounts allowed.
(from telephone call w/bank yesterday)



Health
A

Data as of Q3 2023

Data displayed below is for insuring bank: SMBC MANUBANK
Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #18618
Year Established1962
Employees745
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.27%
Return on Equity - YTD-7.49%
Annual Interest Income$203.5MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$4.74B$3.95B
LoansQ3 2023vs Q3 2022$2.94B$2.57B
DepositsQ3 2023vs Q3 2022$3.73B$3.15B
Equity CapitalQ3 2023vs Q3 2022$759.1MM$509.6MM
Loan Loss AllowanceQ3 2023vs Q3 2022$65.8MM$44.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$40.5MM$1.7MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
Rates
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Jenius Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%--Jenius Savings Account
Locations

Jenius Bank is an Internet only bank and does not have branch locations. Its headquarters is located at 515 South Figueroa Street, Plaza Level - Los Angeles, CA 90071

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