T-Mobile Money full benefits now available to Sprint customers


Earlier this year Sprint customers got access to T-Mobile Tuesdays thanks to the merger of the two carriers, and now Sprint users are getting another T-Mo feature.

T-Mobile Money benefits are now available to Sprint customers who sign up for the banking service. That includes a 4.00% Annual Percentage Yield (APY) on balances up to $3,000 and 1.00% APY after so long as you’re depositing at least $200 every month. Everyone else gets 1.00% APY on all balances.

Another benefit coming to Sprint customers is Got Your Back overdraft protection. This means that users can go up to $50 in the red without penalty, they just need to bring the account to a positive balance within 30 days to use the service again.

Also recently added to T-Mobile Money is the ability to make cash deposits at participating merchants like Walmart, CVS, 7-Eleven, and Walgreens. And when users set up direct deposit into their T-Mobile Money account, their paycheck can be available up to two days before a traditional bank would allow access to the money.

Finally, T-Mobile Money users get no monthly, overdraft, account, or transfer fees, plus they get access to more than 55,000 in-network Allpoint ATMs with no fees.

T-Mobile Money officially launched in April 2019 as T-Mo’s new mobile-focused banking effort. It’s got a mobile focus, letting you open and manage your account from your phone, and you can also use your device to get 24/7 support and find an Allpoint ATM if you need to get cash out. Users also get a Mastercard debit card for those times when a physical payment method is needed.

T-Mobile Money apps are available on both Android and iOS.

Source: T-Mobile

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  • steveb944

    Paycheck 2 days early is faster than credit union’s Thursdays.

    • Ben

      I’ve been using this for more then a year. Almost 2 years I think. It’s slow but I just keep $3k in there for say some emergency funds and have $200 drafting from my bank every 1st of the month and $200 drafted back to my back every month on the 10th. Works great for me!

  • Willie D

    I got this last year and deposited checks and did an external transfer to TMo Money and pretty much they kept my money for 2 weeks before posting or releasing the funds to the account. After that I never used it again because waiting 2 weeks for money to post is unheard of, even for regular banks. So no. TMo is the most inconvenient bank of all. Avoid using this.

    • Andrew

      Yeah their transfers take a long time

    • RealShit

      I agree. This account is bullshit. I experience the same thing whenever I wanna transfer funds. I’m sticking to PayPal as the 2nd online checking account, they’re way better. Also a lot of services don’t recognize the T-Mobile money account when searching for them as a bank. It’s a fake ass bank that’s not even listed among the real banks.

  • I had the old tmobile card or money service and they shut that down so I don’t think I’m signing up for this one. Paypal is my go to now

  • Jake Fitzpatrick

    My girlfriend wants to do this because of the interest rate. It seems to have a great rate. However, it is myself who has the Tmo ID. Can I create a secondary ID for her?

    • Brian

      The app says it has paid me $83.40 in interest so far this year and I don’t even use it as my primary account.