Last week, T-Mobile announced they are launching T-Mobile Money, a bank account with a 4% interest-earning no-fee checking account. (4% interest on balances up to $3,000 and 1% thereafter.) T-Mobile will also have 55,000 no-fee ATMs. Now T-Mobile Money is live.
“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!”
T-Mobile is slowly building up a list of services to make T-Mobile a one-stop shop for many Americans. Soon you will be able to get your TV, home Internet, mobile phone, and bank account all from T-Mobile. This raises the question on what T-Mobile’s end game would be.
Are you interested in using T-Mobile as your bank? Leave us a comment and let us know why or why not.
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