T-Mobile MONEY
Checking
Bank of America
Advantage Plus
Chase
Total Checking
Wells Fargo
Everyday Checking
Monthly fee $0 $12 $12 $10
Minimum account
balance required
$0 $1,5001 $1,5002 $1,5003
Overdraft fee $0 $35 $34 $35
No-fee ATMs 55,000+ 16,000 16,000 12,000

Monthly fee

T-Mobile MONEY
Checking
$0
Bank of America
Advantage Plus
$12
Chase
Total Checking
$12
Wells Fargo
Everyday Checking
$10

Minimum account balance required

T-Mobile MONEY
Checking
$0
Bank of America
Advantage Plus
$1,5001
Chase
Total Checking
$1,5002
Wells Fargo
Everyday Checking
$1,5003

Overdraft fees

T-Mobile MONEY
Checking
$0
Bank of America
Advantage Plus
$35
Chase
Total Checking
$34
Wells Fargo
Everyday Checking
$35

No-fee ATMs

T-Mobile MONEY
Checking
55,000+
Bank of America
Advantage Plus
16,000
Chase
Total Checking
16,000
Wells Fargo
Everyday Checking
12,000
1 or $250 in monthly direct deposit contributions
2 or $500 in monthly direct deposit contributions
3 or $500 in qualified direct deposits or 10+ monthly debit card transactions

All details were obtained from publicly available info for Bank of America, Chase, and Wells Fargo as of 12/16/2021.

Got questions?

What makes T-Mobile MONEY different?

We love our customers, and we want to offer them better MONEY. So we've built a checking account where you can get paid up to 2 days early* with payroll-related direct deposits and everyone earns 2.25% Annual Percentage Yield (APY)** on all balances. Plus, T-Mobile wireless customers with an eligible postpaid plan who register for perks and make at least 10 qualifying transactions per month using their T-Mobile MONEY card and/or instant payment to friends can earn 4.00% APY** on balances up to $3,000 and 2.25% APY after that. 

Everyone gets access to over 55,000 no-fee Allpoint® ATMs in the U.S. and abroad (more than Bank of America, Chase or Wells Fargo) and our no overdraft fee, no account fee, no maintenance fee, and no minimum balance requirement checking account.

To see what you're eligible for, log in to the T-Mobile MONEY app and select 'My perks'. 

*Subject to description and timing of the employer payroll-based direct deposit, we typically make funds available the business day received, which may be up to 2 days earlier than scheduled. 

** How APY works: Checking account customers earn 4.00% annual percentage yield (APY) on balances up to and including $3,000 in your Checking account per month when: 1) you are enrolled in a qualifying T-Mobile postpaid wireless plan; 2) you have registered for perks with your T-Mobile ID; and 3) at least 10 qualifying transactions using your T-Mobile MONEY card and/or instant payments to friends have posted to your Checking account before the last business day of the month. Qualifying transactions posting on or after the last business day of the month count toward the next month’s qualifying transactions. The first time you fund your account, as an additional added value, you will receive 4.00% APY on balances up to and including $3,000 in the statement cycle in which you make your first deposit of greater than $1, as well as in the cycle that follows that deposit provided all other requirements are met. These added value benefits are subject to change. Balances above $3,000 in the Checking account earn 2.25% APY. The APY for this tier will range from 4.00% to 3.30% depending on the balance in the account (calculation based on a $5,000 average daily balance). Customers who do not qualify for the 4.00% APY will earn 2.25% APY on all Checking account balances for any month(s) in which they do not meet the requirements listed above. Savings account customers earn 2.25% annual percentage yield (APY) on all Savings account balances per month. You must have a T‑Mobile MONEY Checking account that is in good standing and has been funded to open a Savings account. APYs are accurate as of 10/01/22 but may change at any time at our discretion. Fees may reduce earnings. For more information, see Account Disclosures / Terms and Conditions.

Does T-Mobile MONEY rebate ATM fees?

If you use an out-of-network ATM, we won’t charge you, but the ATM owner probably will, and we aren't able to rebate those fees. 

We do have over 55,000 no-fee ATMs worldwide through the Allpoint® Network, and you can easily find one here

T-Mobile is a business, right? How do you make money if you don't charge fees?

This is all handled between T-Mobile, merchants, BM Technologies (BMTX), and Customers Bank (the issuing bank). We expect to see revenues from merchant transaction fees when a customer pays with their T-Mobile MONEY Mastercard® debit card. Over time, we expect to see additional operational benefits in our core business in increased customer retention and reductions in payment expenses. 

T-Mobile MONEY is powered by BMTX, accounts provided by Customers Bank, Member FDIC.

What is T-Mobile MONEY's FDIC certificate number?

You’ll find us under “Customers Bank” whose FDIC certificate number is 34444. T-Mobile MONEY is powered by BMTX, accounts provided by Customers Bank, Member FDIC.

Is there a Spanish/Espanol version of T-Mobile MONEY?

You can reach a Spanish-speaking T-Mobile MONEY Specialist via phone 8AM-12AM ET, 365 days a year at 866-686-9358 or dial **MONEY from your T-Mobile device. If you're calling from outside of the United States, please dial 414-751-6700.

Are there really no fees charged by T-Mobile MONEY?

Yes! There are no monthly fees, no overdraft fees, no transfer fees, no fees at 55,000+ in-network Allpoint® ATMs worldwide, no T-Mobile MONEY out-of-network fees—all with no minimum balance requirements. 

Customers may incur fees from ATM providers when using out-of-network ATMs or international ATMs and from Mastercard® when making foreign transactions.