This is not an April Fool: T-Mobile offers chequing accounts



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T-Mobile Money T Mobile

A few weeks after the launch of its credit service by Apple, T-Mobile expands its mobile banking service to the entire country. Called T-Mobile Money, Uncarrier's verification service offers its subscribers benefits that deserve to be reviewed.

T-Mobile offers an annual percentage return (APY) of 4%, free of charge, for up to $ 3,000. Any excess money will have a YPA of one percent.

There is a trap though. Customers must sign up with their T-Mobile ID and deposit at least $ 200 into their account every month to take advantage of everything Money has to offer.

One of the additional benefits of maintaining the minimum deposit is the ability to use overdraft protection of the service. With this solution, customers can spend up to $ 50 beyond their balance without fear of any expense.

Supporting T-Mobile Money is BankMobile. As a division of Customers Bank, when you sign up for an account, you receive a MasterCard debit card. Customers can use it to make their daily purchases and withdraw money from Allpoint ATMs around the world.

As with other banking options, T-Mobile Money offers a mobile app for Android and iOS. Thanks to him, customers can transfer money, make mobile deposits, etc. Plus, because the service is compatible with digital wallets, the card works with Google Pay, Samsung Pay and Apple Pay.

Anyone 18 years of age or older in the United States can sign up for T-Mobile Money through the service application. You can download the Android version by clicking the button below. T-Mobile plans to expand Money to other areas such as Puerto Rico later this year.

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