Phone Scoop

printed August 28, 2015
See this page online at:
http://www.phonescoop.com/articles/article.php?a=13509

Home  ›  News  ›

T-Mobile Intros Mobile Money Service

Article Comments  5  

Jan 22, 2014, 8:06 AM   by Eric M. Zeman   @phonescooper

T-Mobile today announced Mobile Money, a new program that is meant to help consumers avoid costly fees often associated with banking. The program encompasses a re-loadable T-Mobile Visa prepaid debit card that drops the cost of accessing and using money. T-Mobile customers won't pay to activate the card, won't pay monthly maintenance fees, won't pay withdrawal fees at 42,000 in-network ATMs, and won't pay to replace lost or stolen cards. Mobile Money doesn't have a required minimum balance, doesn't charge overdraft fees, and can be used with direct depositing and phone-based check-cashing services. The card can be used to make purchases anywhere Visa is accepted. T-Mobile's Mobile Money card and service will be available in T-Mobile and Safeway stores beginning next month.

more info at T-Mobile »
more info »

AD

Comments

This forum is closed.

This forum is closed.

KOL4420

Jan 22, 2014, 12:15 PM

Nice.

Tackling the pre paid card business now. No more Fees for using a bank card Very Happy
Meh if it brings them extra revenue to put into the network, i'm all for it. Although i'm quite happy with my BofA/Fidelity setup currently i'm sure it'll work for some people.
This could be a real help to the "unbanked" folks among us. Being able to keep an entire paycheck instead of having to pay to get it cashed will be significant for those on minimum wage or near minimum wage incomes. Good way to build customer loyalty....
(continues)
...
 
 
Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2015 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
1