Press release
Bye, Big Banks. Hello, T-Mobile MONEY Introducing Your No-Fee, Interest-Earning, Mobile-First Checking Account
As more and more Americans manage their money on their smartphones, the Un-carrier steps up to make mobile banking better.What's the news: The Un-carrier is
About this update from T-mobile Us, Inc.
[{"type":"text","content":"As more and more Americans manage their money on their smartphones, the Un-carrier steps up to make mobile banking better.What's the news: The Un-carrier is launching T-Mobile MONEY nationwide: a no-fee, interest-earning, mobile-first checking account. Get as much as 4.00% APY! Why it matters: Americans paid $34 billion in overdraft fees in 2017. That's not even counting all the other fees banks charge. And consumers earned next-to-zero interest on their account balances. T-Mobile MONEY changes the game. Who it's for: Anyone who is tired of bank fees and wants to keep more of their money and grow it faster. So everyone. BELLEVUE, Wash.--(BUSINESS WIRE)-- Another mobile pain point: tackled. Today, T-Mobile (NASDAQ:TMUS) launched T-Mobile MONEY nationwide. It's a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. With T-Mobile MONEY, eligible Un-carrier customers can earn an industry-leading 4.00% Annual Percentage Yield (APY)* on balances up to $3,000 - 50 times higher than the average U.S. checking account1 - and 1.00 APY% on every dollar over that! Plus avoid all those big bank fees and overdrafts.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190418005316/en/(Graphic: Business Wire)\"Traditional banks aren't mobile-first, and they're definitely not customer-first. As more and more people use their smartphones to manage money, we saw an opportunity to address another customer pain point,\" said John Legere, CEO of T-Mobile. \"You work hard for your money … you should keep it … and with T-Mobile MONEY, you can!\"Keep More, Earn MoreBig banks are built on fees. In 2017, Americans paid $34 billion … in overdraft fees alone!!2 And that's just one kind of fee. Bank of America Advantage Checking has 19 different types of fees, and Wells Fargo Everyday Checking has 14!3 With T-Mobile MONEY, there are no fees -- no monthly, overdraft or transfer fees, no fees at over 55,000 in-network Allpoint® ATMs worldwide** and no fees from T-Mobile for using out-of-network ATMs. Also, no minimum balance requirement!And, you'll earn more interest on your money, too. A lot more. T-Mobile postpaid customers can get 4.00% APY* on balances up to $3,000 and 1.00% APY on every dollar over $3,000 when they sign up with their T-Mo...