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Briefing
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- T-Mobile Money – Carrier network T-Mobile launched T-Mobile Money, mobile banking solution that works like checking account, enabling users to pay bills, pay for items with Apple Pay, Google Pay and Samsung Pay, direct deposit and check deposit via mobile device on November 28, 2018
- Bank Integration – Backed by BankMobile, division under Customers Bank, which will also allow customers to use Allpoint ATMs to conduct financial transactioms
- Rewards – Offers 4% annual percentage yield to qualifying customers with balance of $3,000 and below, and 1% for balances above $3,000, as well as $50 overdraft protection if transaction goes beyond limit
- Other Perks – Include FDIC insurance for balances up to $250,000, Mastercard debit card, and charges no account fee, overdraft fee and other fees
- Not First Time – Introduced Mobile Money, mobile checking account solution, in 2014 but was shut down in 2016
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