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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
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

0 users recommend
0 users are unsure
4 users don't recommend
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Highlights
Community Rating

Rating not yet determined  
Cashback Rewards N/A
APY (Annual Percentage Yield) 2.50% - 4.00%
(Verified 05/30/2023)
Monthly Fee $0
(Verified 05/30/2023)
Minimum Balance to Avoid Monthly Fee Starting at $0

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 annual percentage yield (APY). This account offers an annual percentage yield of up to 4.00%, 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 any monthly account fees.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. T-Mobile MONEY does not charge fees on ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Customers Bank.

T-Mobile MONEY account 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 variable APY.
  • 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 account FAQ

Are checking accounts from Customers Bank federally insured?

Yes, your deposits 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 account offer?

T-Mobile MONEY account offers an APY starting at 2.50% and ranging up to 4.00% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY. However, to earn interest you must keep an average beginning day balance of at least $0.01.

T-Mobile MONEY account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 2.50% - 4.00%

What are the account minimums for T-Mobile MONEY account?

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

T-Mobile MONEY Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0.01

What fees does T-Mobile MONEY account charge?

The good news is that this account does not have a monthly Service Charge.

T-Mobile MONEY Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $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
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does T-Mobile MONEY account charge overdraft fees?

No, T-Mobile MONEY account does not charge overdraft fees.

What features and perks does T-Mobile MONEY account offer?

This account includes the following features:

  • 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 account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - T-Mobile MONEY account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for T-Mobile MONEY account?

The customer support email for T-Mobile MONEY account is contactus@customersbank.com.

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.

Message From T-Mobile MONEY account

Better online banking with T-Mobile MONEY. Sign up in less than two minutes for access to thousands of no-fee ATMs and industry-leading interest rates you’ll love. It’s your money—you shouldn’t be charged just to use it. We make it easy with no overdraft fees, no maintenance fees, and no minimum balance, plus 55k+ no-fee Allpoint® ATMs. From free Got Your Back overdraft protection and FDIC insurance to bilingual support 365 days/year, T-Mobile MONEY has got you covered.

Contact

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Availability

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

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0.01
Monthly Fee $0
(Verified 05/30/2023)
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $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
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
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 Transfers
  • Member FDIC
  • Online-Only Account
APY (Annual Percentage Yield) 2.50% - 4.00%
(Verified 05/30/2023)

T-Mobile MONEY Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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