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T-Mobile? More Like T-Money. The Un-Carrier Launches Mobile Banking Service

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Nov 29, 2018, 11:54 AM by Eric M. Zeman

T-Mobile has rolled out a digital banking service called T-Mobile Money. T-Mobile says T-Mobile Money is available to T-Mobile customers as well as non-customers. The service focuses on providing easy access to funds and banking services through a mobile device. T-Mobile Money can be managed from the Android and iOS platforms via dedicated mobile apps. T-Mobile says the service doesn't charge maintenance, ATM, overdraft, or minimum balance fees, and delivers guaranteed interest. All customers can earn at least 1.00% interest on an annual basis, and T-Mobile subscribers are eligible to earn up to 4.00%. T-Mobile Money is FDIC insured and provides protection against unauthorized purchases. It is compatible with Apple Pay, Google Pay, and Samsung Pay for mobile transactions. Customers can receive a MasterCard-backed T-Mobile Money debit card if they wish. Other features include online bill pay, mobile check deposit, and easy setup for direct deposit. People can register via the T-Mobile Money app, which is available in the Google Play Store and iTunes App Store. Customers can also sign up online.

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