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Burgerwars

T-Mobile Money

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Posted (edited)

My compulsiveness got to me, and I applied. The account was approved and I should receive their debit card in about 10 days. I can't do mobile check deposits until the debit card arrived. I'm waiting for two small trial deposits before I can connect a funding account to it.

You need a T-Mobile login to apply. I already have one since I have a spare prepaid phone on T-Mobile but I do use AT&T as my mobile service. I'm grandfathered under their old T-Mobile Gold Rewards program, so just adding $10 extends the account for another year. I had to use that number for the account's text verification, but I'll see if I can change that to my AT&T phone later on.

Edited by Burgerwars

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Applied as well. Approved. According to the rep this is a actual bank account not prepaid card. I asked the rep was there a limit on how much you can have on this account and she said there is know max amount. Usually prepaid cards only allow balances up to $10k.... And u get checks. So I’m liking it so far. 

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I just opened a T-mobile money account this week. I was able to do a mobile deposit as soon as I opened the account. You do need a post-paid T-mobile account in order the get the 4% interest rate, though.

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Update: Card and starter checks arrived in less then 5 days. Wow Impressive. I always get excited about opening a new checking account for some reason , I guess going without one for so many years really makes you grateful to have “options” again. Thanks burger 

 

P.S. additional checks can be ordered thru Vistaprints

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Posted (edited)

My card arrived and I made an ACH deposit which will take a few days to credit.  After that, I'll make a small purchase somewhere, like Starbucks, to start things off.  The card looks very handsome.  T-Mobile pink on a black background.  Since I only have a cheapo prepaid account with T-Mobile, it's only 1% interest for me.  Postpaid is 4% up to a $3,000 balance.  No biggie because I only have $100 in the account.  

Edited by Burgerwars

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1 hour ago, Burgerwars said:

My card arrived and I made an ACH deposit which will take a few days to credit.  After that, I'll make a small purchase somewhere, like Starbucks, to start things off.  The card looks very handsome.  T-Mobile pink on a black background.  Since I only have a cheapo prepaid account with T-Mobile, it's only 1% interest for me.  Postpaid is 4% up to a $3,000 balance.  No biggie because I only have $100 in the account.  

Do they run Chex or anything else? I have a prepaid account but have the option to switch to a postpaid because of my payment history. Thanks!

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19 minutes ago, wingwalker said:

Do they run Chex or anything else? I have a prepaid account but have the option to switch to a postpaid because of my payment history. Thanks!

There was no hard credit inquiry.  I'm unsure of Chex or EWS.  Since I recently got my free annual Chex and EWS reports, I won't know that for a while.  My guess is, since the card is issued by a bank (Consumers Bank), and it has most checking account features, they did run one of those.

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