Get more from your money with the T-Mobile MONEY app, a mobile banking solution designed to offer you greater financial flexibility and rewards. Specifically tailored for T-Mobile and Metro by T-Mobile customers, this app provides compelling benefits, starting with the opportunity to access your paycheck up to two days early with direct deposit.
One of the standout features of the T-Mobile MONEY app is the early direct deposit benefit. Eligible users can receive their funds up to two days sooner than their scheduled payday. While the exact timing depends on when your employer submits payroll, T-Mobile MONEY typically makes these funds available the business day they are received, potentially giving you access to your money earlier.
For T-Mobile wireless customers and Metro by T-Mobile users on qualifying plans who are registered for perks, T-Mobile MONEY offers “Got Your Back.” This unique benefit activates once you’ve made at least 10 qualifying transactions with your Checking account each month. Meeting this transaction requirement just once unlocks the ongoing “Got Your Back” benefits, adding extra value to your everyday spending. You can find detailed information on qualifying transactions and the “Got Your Back” terms and conditions on the T-Mobile MONEY website.
Furthermore, the T-Mobile MONEY Checking account offers a competitive Annual Percentage Yield (APY). Customers who meet specific criteria can earn a very attractive 4.00% APY on balances up to $3,000 in their Checking account each month. To qualify for this high APY, you need to be enrolled in a qualifying T-Mobile or Metro by T-Mobile plan, register for perks with your T-Mobile ID, and complete at least 10 qualifying transactions each month. Qualifying transactions are those that post to your account before the last business day of the month. Even if you don’t meet the requirements for the 4.00% APY, you’ll still earn a solid 2.50% APY on all Checking account balances. Balances exceeding $3,000 in the Checking account earn 2.50% APY, resulting in a blended APY that ranges from 4.00% to 3.40% depending on your balance (based on a $5,000 average daily balance).
If you’re looking to save, T-Mobile MONEY also provides Savings accounts and Shared Savings accounts, both offering a compelling 2.50% APY on all balances. To open a Savings account, you simply need to have a T-Mobile MONEY Checking account in good standing and with funds. It’s important to note that APYs are accurate as of December 1, 2022, and are subject to change. Remember that fees can reduce your overall earnings.
Accessing your funds is convenient with the T-Mobile MONEY app and the extensive Allpoint® ATM network. You can withdraw cash without fees at Allpoint® ATMs. With ATMs being added and removed from the network periodically, it’s always recommended to use the Allpoint® ATM locator to find the nearest in-network ATM before you go. Keep in mind that ATM availability and hours of operation can vary.
For complete details, be sure to review the Account Disclosures / Terms and Conditions and the FAQs available on the T-Mobile MONEY website. Mastercard is a registered trademark, and features like the circles design and True Name are trademarks of Mastercard International Incorporated. The True Name feature allows you to display your preferred first name on your debit card and some communications. While True Name offers personalization, your legal name is still required for identity verification when contacting customer service and on legally required documents.
The T-Mobile MONEY app provides a robust and rewarding mobile banking experience, especially for T-Mobile and Metro by T-Mobile customers. With features like early payday, high APY, and extensive ATM access, it’s designed to help you manage and grow your money more effectively.
