T-Mobile Intros Mobile Money Service
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.