T-Mobile MONEY puts you and your money first with no minimum balances, no account fees, no overdraft fees, and over 55,000 no-fee ATMs worldwide with the Allpoint® ATM Network. Plus, when you set up direct deposit for your paycheck you can get paid up to 2 days early.⁺
Everyone earns 1.00% Annual Percentage Yield (APY) on all balances and T-Mobile wireless customers with qualifying service who deposit at least $200 a month can earn an industry-leading 4.00% APY* on checking account balances up to $3,000.
T‑Mobile MONEY accounts are held at BankMobile, a division of Customers Bank.
All Rights Reserved. Member FDIC.
ADDING MONEY IS EASY
You can easily transfer money to and from your external accounts. Send a check, pay bills, or direct deposit some or all of your paycheck – all with just a few taps in your T-Mobile MONEY app. Plus, when you set up direct deposit for your paycheck you can get paid up to 2 days early.⁺
PAY THE WAY YOU WANT
Your T‑Mobile MONEY account includes a debit card with EMV chip, plus it works with Apple Pay, wherever Apple Pay is available.
HASSLE-FREE MOBILE BANKING
Easily transfer money to and from your external accounts. Send a check, pay bills, or direct deposit a portion or all of your paycheck to your account – all with just a few taps in your T‑Mobile MONEY app.
STAY CONNECTED TO YOUR MONEY
Access your money anytime with the app and enjoy 24/7 customer support.
SAFE & SECURE
Prevent unauthorized account access with multi-factor authentication. Log in with Touch ID and Face ID. Enable or disable your debit card remotely if it’s lost or stolen. Accounts are FDIC-insured up to $250,000. Plus, with Zero Liability Protection from Mastercard® you’re protected when fraud occurs.
*How APY works and what it means for you: As a T-Mobile MONEY customer you earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking Account per month when: 1) you are enrolled in a qualifying T-Mobile postpaid wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) at least $200 in qualifying deposits have posted to your Checking Account before the last business day of the month. Deposits posting on or after the last business day of the month count toward the next month’s qualifying deposits. Promotional deposits are not eligible toward the $200 in deposits. If you meet this deposit requirement in a given month we will pay you this benefit in the subsequent month as an added value provided all other requirements are met. This added value is subject to change. Balances above $3,000 in the Checking Account earn 1.00% APY. The APY for this tier will range from 4.00% to 2.79% depending on the balance in the account (calculation based on a $5,000 average daily balance). Customers who do not qualify for the 4.00% APY will earn 1.00% APY on all Checking Account balances for any month(s) in which they do not meet the requirements listed above. APYs are accurate as of 6/23/2020, but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions or go to our FAQs.
⁺Depending on the payer’s deposit description, we generally post direct deposits the day they are received, which may be up to 2 days before your payer’s scheduled payment date.
We’re always working on new features and performance improvements. Keep auto-updates turned on to make sure you have the latest. In this release:
- NEW Get paid up to 2 days early
- Deposit cash at participating merchants
- Minor bug fixes
Ratings and ReviewsSee All
Love my T-mobile money... so far .
I started my account with T-mobile money a little over a 1 week ago with $3000. I got $3.22 on interest today, 02-01. This is wayyyyy more of what I get with my other checking account that I have with my other bank. T-mobile money is paying 1% on the $3.22 interest I got today 😱!! . I am planning on keep depositing $200 each month, so I can meet that requirements and keep getting my 4% on my $3000, and 1% on anything over it.
I know everybody’s situation is different, but this works well for us. This is money that I don’t really need, so I am no going to use it. There are banks out there that will give you bonuses for opening checking account with them. Some require a direct deposit, a minimum per month to avoid paying maintenance fees, and the account need to stay open for some time or you will have to pay a penalty for closing your account early. There are many ways to make extra money, but you need to do your homework and do some research first.
Great account, but don’t count on check deposits
Overall the account is awesome. The interest rate is amazing, the app and website are super easy to use, and the All-point ATMs are conveniently located everywhere. I never had any issues transferring money in and out through ACH either. It usually clears on a day or two with is expected of any financial institution. HOWEVER, If you depend on this app for mobile check deposit, you will be extremely disappointed. That is the one thing T-Mobile Money seriously dropped the ball. I’ve tried to deposit at least 5 checks from various institutions and always had them declined right away. I even called customer service a couple times, but they just told me to try again, which was pretty useless. If you read the other reviews, you will see I’m not the only one having this issue. At this point I pretty much gave up trying to deposit any check into my T-mobile Money account. I just do it from the Citibank app and transfer the money over, as their mobile deposit feature works pretty well.
So there you have it. The account is awesome, the app is pretty good, but I’ll give it 4 stars for the broken mobile deposit. Hopefully they will eventually fix it.
Too fussy over a mobile deposit
T-Mobile Money App from BankMobile rejected my check because while endorsing the back of a check I deposited I wrote “For Deposit Only” and left out “Mobile” out of the sentence, which according to them HAD TO BE SPELLED OUT “For Mobile Deposit Only”... c’mon people, I understand there have to be rules and regulations in place, and “a missing signature” would have been an understandable reason for rejection... but not the lack of the word “mobile”... I have been using Mobile Banking pretty much since it started allowing check deposits, and none of the banks I’ve dealt with ever rejected a check for not using specific wording. “For Deposit Only” of “For Electronic Deposit Only” or even leaving out the word “Only” has always worked... If it comes down to some logic... having an account in an online bank which promotes not needing brick and mortar locations it is implied that the deposits are “mobile” right? Leaving the word “Mobile” out of the endorsement of the check should not have been a reason for the bank to reject my deposit. SO, MY REVIEW: FIRST ATTEMPT TO MAKE A DEPOSIT WITH THIS PRODUCT: A TRAIN WRECK... A WASTE OF AN OTHERWISE PERFECTLY GOOD CHECK. /WN
- T-Mobile USA, Inc.
- 141.6 MB
Requires iOS 10.3 or later. Compatible with iPhone 5S, iPhone 6, iPhone 6 Plus, iPhone 6S, iPhone 6S Plus, iPhone SE (1st generation), iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus, iPhone X, iPhone XS, iPhone XS Max, iPhone XR, iPhone 11, iPhone 11 Pro, iPhone 11 Pro Max, iPhone SE (2nd generation), iPad Air, iPad Air Wi‑Fi + Cellular, iPad mini 2, iPad mini 2 Wi‑Fi + Cellular, iPad Air 2, iPad Air 2 Wi‑Fi + Cellular, iPad mini 3, iPad mini 3 Wi‑Fi + Cellular, iPad mini 4, iPad mini 4 Wi‑Fi + Cellular, iPad Pro (12.9‑inch), iPad Pro (12.9‑inch) Wi-Fi + Cellular, iPad Pro (9.7‑inch), iPad Pro (9.7‑inch) Wi‑Fi + Cellular, iPad (5th generation), iPad (5th generation) Wi‑Fi + Cellular, iPad Pro (12.9‑inch) (2nd generation), iPad Pro (12.9‑inch) (2nd generation) Wi‑Fi + Cellular, iPad Pro (10.5‑inch), iPad Pro (10.5‑inch) Wi‑Fi + Cellular, iPad (6th generation), iPad (6th generation) Wi‑Fi + Cellular, iPad Pro (11‑inch), iPad Pro (11‑inch) Wi‑Fi + Cellular, iPad Pro (12.9‑inch) (3rd generation), iPad Pro (12.9‑inch) (3rd generation) Wi‑Fi + Cellular, iPad mini (5th generation), iPad mini (5th generation) Wi‑Fi + Cellular, iPad Air (3rd generation), iPad Air (3rd generation) Wi‑Fi + Cellular, iPad (7th generation), iPad (7th generation) Wi‑Fi + Cellular, iPad Pro (11‑inch) (2nd generation), iPad Pro (11‑inch) (2nd generation) Wi‑Fi + Cellular, iPad Pro (12.9‑inch) (4th generation), iPad Pro (12.9‑inch) (4th generation) Wi‑Fi + Cellular, and iPod touch.
- Age Rating
- © 2020 T-Mobile USA
With Family Sharing set up, up to six family members can use this app.