T-Mobile MONEY Is Available Nationwide

“Traditional banks aren’t mobile-first, and they’re definitely not customer-first. As more and more people use their smartphones to manage money, we saw an opportunity to address another customer pain point.” – CEO of T-Mobile, John Legere.

Meet T-Mobile MONEY, the new, no-fee, interest-earning, mobile-first checking account by T-Mobile:

Available nationwide, T-Mobile MONEY is created in partnership with BankMobile, a division of Customers Bank, and has been available in a limited pilot since November 2018. The accounts are FDIC-insured and can earn customers “an industry-leading” 4% APY on balances up to $3k – “50 times higher than the average U.S. checking account.” Customers enjoy no fees at over 55,000 in-network Allpoint ATMs worldwide, and no fees from T-Mobile for using out-of-network ATMs. The account also comes with a “Got Your Back” overdraft protection which is available only to T-Mobile wireless customers, and offers up to $50 of spending in overdraft with no fees.

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