- General
- April 20, 2019
- 3 minutes read
T-Mobile Launches Checking Account
image: T-Mobile T-Mobile has launched a mobile-first checking account — T-Mobile Money — nationwide in the U.S. that promises a…
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| image: T-Mobile |
T-Mobile has launched a mobile-first checking account — T-Mobile Money — nationwide in the U.S. that promises a 4% interest on account balances up to $3,000 and 1% on every dollar over $3,000 for customers who deposit at least $200 per month, and comes with no fees. The new checking account comes with an accompanying Mastercard debit card that can be used at more than 55,000 ATMs worldwide.
Each user can make mobile check deposits, pay bills, send checks, set up direct deposit, and pay via a mobile wallet using the app. The app is protected by biometric security with fingerprint and Face ID login, and account alerts and debit card disabling. The checking account is created in partnership with BankMobile, a division of Customers Bank (an FDIC member), with money deposits insured up to $250,000.
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| image: T-Mobile |
The T-Mobile Money app is already available on the Google Play Store and Apple App Store for download.
