I just opened a T-Mobile Money Checking Account via online and it was fast and easy to do. I met all qualifications since I have been a cell phone customer since 2005. First with a flip phone then a smart phone. The site was easy to handle and once all verifications were made, the account was established. I deposited a small amount with the monthly requirement to be done on a regular basis. I received my "card' in the mail yesterday and verified it. I did make one phone call to T-Mobile Money and speak with a customer assistant to see if this can be used as a "debit card" with no fees incurred. I was told yes it can be used as such with no fees incurred but if cash was wanted it had to be at an Allpoint location. Further it was really nice to speak with someone who spoke clearly in ENGLISH. LOL I do not plan to actually use the card until the account becomes more established and then I might try it out at a HEB. I also do not plan to close my existing account with a local bank. I do like the advertised 4% interest rate and will see in a couple of months if it is paying as advertised. So far, so good. Am satisfied at present.
|FDIC Certificate #||34444|
|Return on Assets - YTD||0.67%|
|Return on Equity - YTD||6.26%|
|Annual Interest Income||$101.1MM|
|Assets and Liabilities|
|Assets||Q1 2019vs Q1 2018||$10.13B$10.76B|
|Loans||Q1 2019vs Q1 2018||$8.70B$8.78B|
|Deposits||Q1 2019vs Q1 2018||$7.45B$7.12B|
|Equity Capital||Q1 2019vs Q1 2018||$1.07B$1.03B|
|Loan Loss Allowance||Q1 2019vs Q1 2018||$43.7MM$39.5MM|
|Unbacked Noncurrent Loans||Q1 2019vs Q1 2018||$25.0MM$27.9MM|
|Real Estate Owned||Q1 2019vs Q1 2018||$976.00K$1.7MM|
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
|APY||MIN||MAX||ACCOUNT NAME||VIEW DETAILS|
|OTHER TIERS: 1.00% → $3k+|
T-Mobile Money is an Internet only bank and does not have branch locations. Its headquarters is located at 12920 Se 38th St. - Bellevue, WA 98006