Deep Dive into the T-Mobile Partnership With BankMobile

An in depth piece in The Financial Brand focuses on the new bank account offering from T-Mobile; called T-Mobile Money the new account, offered in partnership with BankMobile, offers consumers 4% interest on balances up to $3,000 and 1% of balances above that, although to get that highest rate you have to be a T-Mobile customer; these are mobile-based accounts that are open to everyone, not just T-Mobile customers; they also provide overdraft protection of up to $50 without any fee, as long as the balance is restored within 30 days. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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