T-Mobile Money App Review 2021 | Online banking app

T-Mobile Money app allows you to quickly and securely set up direct deposits.

Table of Contents

What is T-Mobile Money App?

T-Mobile Money offers free overdraft protection and FDIC insurance, as well as bilingual support 365 days a year. T-Mobile Money puts you and your Money first by requiring no minimum balances, no account fees, no overdraft fees, and providing over 55,000 no-fee Allpoint ATMs.

Furthermore, if you set up a direct deposit for your salary, you will be paid up to two days ahead of schedule. The T-Mobile Money app enables you to simply and securely set up direct deposits. Furthermore, if you deposit your paycheck automatically, you can get paid up to two days early.

Everyone receives a 1.00 percent annual percentage dividend on all balances. Furthermore, users with eligible T-Mobile service who enroll in perks and make at least ten qualifying transactions per month with their T-Mobile Money card can earn 4.00 percent APY* on checking account balances up to $3,000 and 1.00 percent APY after that.

You can now use your phone to access your Money. Pay securely with Apple Pay, Google Pay, or Samsung Pay by tapping.

Main Highlights

T-Mobile Money is powered by BMTX, with accounts offered by Customers Bank, an FDIC-insured bank.
Using multi-factor authentication, you can prevent unwanted account access.
T-Mobile Money has you covered with free Got Your Back* overdraft protection and FDIC insurance, as well as bilingual help 365 days a year.

Features of T-Mobile Money App

You can quickly move funds between your external accounts.
Send a check, pay bills, or direct deposit a portion or all of your paycheck with just a few taps in your T-Mobile Money app.
Your account contains a debit card with an EMV chip and support for Apple Pay everywhere Apple Pay is accepted.
Set up alerts to track your balance and spending activities via app push notifications, emails, or both. Get help 365 days a year from 8 a.m. to 12 a.m. ET.
Using multi-factor authentication, you can prevent unwanted account access.
If your debit card is lost or stolen, you can enable or disable it remotely. Accounts are FDIC-insured up to a maximum of $250,000. Furthermore, Mastercard® Zero Liability Protection protects you in the event of fraud.

About APY

The following is how APY works: As a T-Mobile Money customer, you can earn 4.00 percent APY on balances up to and including $3,000 in your Checking Account per month if you are enrolled in a qualifying T-Mobile postpaid wireless plan, have registered for perks with your T-Mobile ID, and have made at least ten qualifying purchases with your T-Mobile Money card before the last business day. Qualifying purchases made on or after the final business day of the month contribute toward the qualifying purchases for the following month.

If you meet this purchase criterion in a given month, we will pay you this benefit as an extra value the next month if all other requirements are met. Customers who have not yet placed Money into their T-Mobile Money account will receive 4.00 percent APY in the cycle in which they make their initial deposit of more than $1 and in the process following that deposit, providing all other requirements are met.

These value-added features are subject to change. Balances in the Checking Account that exceed $3,000 get 1.00 percent APY. The APY for this tier will range from 4.00% to 2.79%, depending on the account amount (calculated based on a $5,000 average daily balance). Customers who do not satisfy the standards mentioned above will earn 1.00 percent APY on all Checking Account balances for the month(s) in which they do not meet the requirements. Earnings may be reduced as a result of fees. There are some further restrictions.

T-Mobile Money App Reviews

Frequently Asked Questions

Can anyone open a T-Mobile Money account?

You can open a T-Mobile Money account if you match the prerequisites.

To open an account, you must first sign up for one.

- Be of legal drinking age.
- Have a government-issued ID from the United States or a state-issued driver’s license/ID
- Have a Social Security Number.
- Have a street address in the United States and Puerto Rico, excluding other U.S. territories.

Download T-Mobile Money from the Apple App Store or Google Play Store to join the mobile app. Once installed, launch the T-Mobile Money app and follow the on-screen prompts to create an account.

To sign up for the online app, go to https://join.t-mobileMoney.com and follow the prompts to create an account. T-Mobile Money is powered by BMTX and uses accounts from Customers Bank. FDIC-insured. Not every person who applies for a T Mobile Money account will be approved.

Why does T-Mobile not offer T-Mobile Money banking services in its stores?

For all banking services, including customer assistance, T-Mobile has teamed with BM Technologies (BMTX), a leading digital banking platform. A separate banking customer support team will handle all T-Mobile Money account inquiries. T-Mobile Money is powered by BMTX, with accounts offered by Customers Bank, an FDIC-insured bank.