Go ahead and put this one in the “things we didn’t see coming” column: T-Mobile is getting into the banking business. As in, they want to be your wireless carrier AND your bank. Launched just yesterday, Mobile Money is three things: a free checking account, Visa debit card, and a mobile app for managing your finances.
While current T-Mobile wireless subscribers are the target market for the new personal finance service, non T-Mobile customers are welcome to join as well, but may be subject to fees T-Mobile’s customers aren’t. There are no activation fees, no minimum balance requirements, or fees to deposit / withdraw money. At launch, you’ll be able to manage your account in T-Mobile stores nationwide and at more than 42,000 ATMs for free...Read More