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  T-Mobile MONEY

T-Mobile MONEY

in Checking Accounts from Customers Bank · Member fdic

Unaffiliated

T-Mobile MONEY

Unaffiliated

in Checking Accounts from Customers Bank · Member FDIC

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 1% - 4%

T-Mobile MONEY Review

T-Mobile MONEY is offered by Customers Bank, a bank founded in 1997 and based in Phoenixville, PA. T-Mobile MONEY is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 4%, which is much higher than the average for a checking account.However, you must keep a minimum balance of $0.01.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • No ATM fees. T-Mobile MONEY does not charge fees on ATM transactions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Customers Bank.
  • Hard credit pull. Customers Bank may require a hard pull on your credit report to open a checking account.
T-Mobile MONEY Pros & Cons
Pros Cons
  • T-Mobile wireless customers with qualifying service can earn 4.00% APY* on balances up to $3,000 and 1.00% APY after that in their T-Mobile MONEY checking account by depositing at least $200/month and registering for perks.
  • Available in all 50 states.
  • High-interest yield.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Online-only account with no access to physical branches.
T-Mobile MONEY FAQ

Are checking accounts from Customers Bank federally insured?

Yes, your Customers Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does T-Mobile MONEY offer?

T-Mobile MONEY offers an APY starting at 1% and ranging up to 4% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

T-Mobile MONEY Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 1% - 4%

What are the account minimums for T-Mobile MONEY?

T-Mobile MONEY does not require a minimum initial deposit.

T-Mobile MONEY Account Minimums
Description Amount
Minimum Opening Deposit $0
APY Minimum Balance $0.01

What fees does T-Mobile MONEY charge?

The good news is that this account does not have a monthly service charge.

T-Mobile MONEY Fees
Description
ATM Fee: In-Network $0
Check Cashing Fee $0
Check Copy $0
Check Image Service $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0

What features and perks does T-Mobile MONEY offer?

This account includes the following features:

  • Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - T-Mobile MONEY monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - T-Mobile MONEY allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Check Cashing Fee $0
Check Copy $0
Check Image Service $0
Debit Card Replacement Fee $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
Bank Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Automatic Savings
  • FDIC Member
  • Online-Only Account
APY (Annual Percentage Yield) 1% - 4%

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