Effective Date: 6/30/2020
The “Got Your Back” overdraft protection program (the “Program”) provides for payment of debit card purchase, check, or ACH payment transactions that would cause an overdraft of up to $50.00 based on the balance in your T-Mobile MONEY Checking Account if you meet the qualification criteria for the Program and adhere to the Program Terms and Conditions outlined below.
In order to participate in the program, you must be actively enrolled in perks. Perks is a program that enables account holders who enroll in the program to receive additional benefits and promotions through their T-Mobile MONEY Checking Accounts. Perks are available for all T-Mobile wireless customers in the continental U.S., registered with perks and with active post- paid wireless plans. E.g. T-Mobile ONE, T-Mobile ONE+ and Simple Choice plan(s) and other postpaid plans, excluding the No Credit Check plan. Prepaid plans and METRO by T-Mobile do not qualify for perks. Each individual on a qualifying account is eligible for a separate T-Mobile MONEY account.
Businesses, partnerships, and/or other legal entities are not eligible to open T-Mobile MONEY Checking Accounts and as such are also not eligible to participate in perks. However, individuals who have a wireless line on an eligible T-Mobile business plan and open a T-Mobile MONEY account for personal use in accordance with the Account Terms and Conditions are eligible for perks. Perks are unavailable to the extent prohibited by law. Please contact a T-Mobile MONEY Specialist at (866) 686-9358 for specific requests pertaining to perks eligibility.
Got Your Back overdraft protection will begin once you have deposited at least $200 in qualifying deposits to your Account before the last business day of a single calendar month. Note that deposits that post on the last business day of the calendar month or later (such as on a non-business day at the end of the month) will be counted toward the $200 deposit requirement for the following calendar month. You are only required to meet this deposit requirement once to receive Got Your Back benefits. Promotional deposits are not eligible toward the $200 in deposits. A “qualifying deposit” is any deposit into your account through any means acceptable per these Account Terms and Conditions, with the exception of promotional deposits. A “promotional deposit” is any deposit you receive from us or T-Mobile as an incentive or reward for certain activity on your account. This activity would be defined in the terms of any such promotion.
The Got Your Back overdraft protection program provides for payment of debit card purchase, check, or ACH payment transactions that would cause an overdraft of up to $50.00 based on the balance in your checking account. This does not include other types of transactions such as ATM withdrawals, same-day electronic bill payments, or point of sale purchases that include cash back.
You will need to bring your account to a positive balance no later than 30 calendar days from the date your account becomes negative. This means that the balance must be positive at the close of the banking day. This includes the amount of any and all transactions that were paid through this Program while the account was negative. For example, if we covered a $20 transaction on August 1 that brought your account balance to -$20, then we covered a $10 transaction on August 15 that brought your account balance to -$30, you would need to bring the account to a positive balance (i.e. a deposit of at least $30 must post to your account) by the end of the banking day on August 31 and the balance must remain positive through the close of the banking day to satisfy this requirement. Failure to do so may disqualify you from this Program. See Account Disclosures / Terms and Conditions for details on deposits, availability, bank business days and bank hours.
If you cease to have an eligible wireless line or otherwise become ineligible for perks, your participation in this Program will be terminated on the business day on which you become ineligible.
We reserve the right to change the terms, conditions, and qualifications for this Program at any time. Nothing in these Terms and Conditions shall modify your responsibility to keep your account in good standing and repay the total amount of any and all overdrafts according to the parameters set forth in the Account Disclosures / Terms and Conditions.