Sci-tech

Mobile MONEY is the Un-Carrier's new mobile-only banking service

Mobile MONEY is the Un-Carrier's new mobile-only banking service

Another benefit T-Mobile Money is pointing out is that it's getting rid of all the fees that are often causing bank customers frustration.

A new Google Pay linked bank listing turned up something called T-Mobile MONEY. Unless you're already a T-Mobile subscriber, there's not too good a reason to switch over. T-Mo also promises that customers will have access to 55,000 no-fee ATMs through Allpoint and that it won't charge you if you use an out-of-network ATM, though you still may be hit with a fee by that ATMs owner and T-Mo won't rebate those fees.

T-Mobile Money offers a physical debit card that's associated with Mastercard. It reportedly tapped BankMobile, a division of Customers Bank, back in October, to create the service. Accounts carry the typical FDIC insurance on balances up to $250,000. Automatic bill paying, photo-based check deposits, direct deposits, and mobile wallet functionality via Apple Pay, Google Pay or Samsung Pay are all part of the package as well.

Macron tells Saudi prince worldwide experts needed in Khashoggi probes - Elysee
Despite the reassurances, Macron appears to reply "I am anxious ", as the awkward encounter continued. The group earlier posed for photos, with the Australian Prime Minister positioned next to Mr Putin.

The major selling point so far is that T-Mobile will offer its subscribers, who can deposit at least $200 a month into the account (on up to a $3,000 balance), a 4% annual percentage yield (APY) on their money. Available through iOS and Android apps - and, if necessary, a web app for laptops and desktop computers - the online bank promotes fee-free digital banking with a 1 percent annual percentage yield (APY) on all balances. And we heard over-and-over from our employees and customers their pain and frustration with their current banking options. "And that's why the Un-carrier is disrupting banking by offering better MONEY through our partnership".

The big picture: Rumors surfaced earlier this year that Amazon was considering offering branded checking accounts but in a surprise move, it's T-Mobile that's first to the table with such an offering.