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T-Mobile has officially launched its Money Check account for all US T-Mobile customers after its gradual launch in November 2018. It should be noted some of T-Mobile's exclusive offers to its customers, especially if you really want to create interest. on your money. With balances of up to $ 3,000, you'll get an attractive APY (annual percentage return) of 4%, as long as you deposit at least $ 200 in the T-Mobile Money account each month. This type of advantage is usually reserved for savings accounts, and T-Mobile's 4% competitive rate could help you grow your money faster than others. There is also no minimum balance for a Money account and no fee to keep it open.
T-Mobile Money can sync with Apple Pay, Google Pay and Samsung Pay to pay bills, transfer money and send paper checks with your iPhone or Android device. Obviously, every T-Mobile customer will have a phone, but each account also comes with a Mastercard debit card, which is convenient for places where mobile payments are not accepted.
T-Mobile Money does not go through a big bank, like Chase, Bank of America or Wells Fargo, so most ATMs you find in the wild will incur off-grid charges if you have them. using. T-Mobile states that 55,000 Allpoint ATMs in the United States charge no fees. I'm not sure I've ever seen an Allpoint ATM, but apparently it's at Speedway and Circle K gas stations in Target, Walgreens, CVS, Kroger, Safeway and Winn Dixie stores. This list of retailers can cover a fairly broad feature of the country, but the Allpoint app can also help you locate an ATM near you.
If you need a checking account, there is a good chance that you already have one. The high APY of T-Mobile Money could make it a good choice for operator subscribers, and you can sign up now with its iOS and Android apps. But since no-fee ATMs may be rare in your area, it's probably not worth joining T-Mobile. just for a Money account.
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