4% APY * T-Mobile Money Acct.

Updated: Oct 14

There is a catch, the 4% APY is only available to T-Mobile and Sprint Customers. See below for more details.

T-Mobile MONEY offers their customers a fee-free, high interest, and mobile-first checking account.


T-Mobile MONEY is FDIC insured and has no monthly fees, no minimum balance fees, no overdraft fees, no transfer fees, and no late payment fees.


The T-Mobile Money accounts are in partnership with Bank Mobile.






What is T-Mobile MONEY?

T-Mobile MONEY is a checking account that pays everyone 1.00% Annual Percentage Yield (APY) on all balances. Benefits for everyone include:

  • 1.00% APY.

  • No minimums.

  • No monthly fees.

  • No overdraft fees.

  • Access to 55,000 no-fee ATMs (more no-fee ATMs than Bank of America, Chase, or Wells Fargo).

  • FDIC-insured, secure banking, with 24/7 support, all from the convenience of your phone.


Where the 4% APY comes into play!

T-Mobile customer perks

While anyone can use T-Mobile MONEY, T-Mobile and legacy Sprint customers with qualifying wireless plans in the continental US, who deposit $200 each month, get the following extra perks:

  • 4.00% APY* on balances up to $3000 when you deposit $200 each month, with 1.00% APY for anything over that balance.

  • Got-Your-Back Overdraft: Once $200 has been deposited in a single calendar month, you won’t be declined for up to $50 in overdrafts as long as you bring your bank account to a positive balance within 30-days.

  • On every wireless line: Every line on your wireless account can potentially sign up for a T-Mobile MONEY account and be eligible for customer perks. (The line holder must be an individual; perks are not available for business or government entities.)

Who's eligible

Anyone - new customers, existing customers, and even non-T-Mobile wireless customers are all welcome!


If you're interested:

Sign up online at the T-Mobile MONEY website: www.T-MobileMoney.com.


Not yet a T-Mobile Customer? Sign up here to help support the Budgets and Brews podcast: www.T-Mobile.com.

(The link above is an affiliate link. Using the link above will help support the Budget and Brews podcast. T-Mobile provides us with a referral fee for each person who signs up using our link. Using our link does not impact the pricing of T-Mobile or cost you anything extra in the process. We appreciate your support!)


Additional Banking Features:

  • Mobile check deposit

  • Easy money transfers in from external accounts

  • Deposit cash at participating merchants

  • Direct deposit setup

  • Bill pay

  • Free money transfers to external accounts

  • Send a check

  • Send money to a friend

  • Debit card with EMV chip

  • No-fee Allpoint® ATM network (over 55,000 ATMs worldwide)

  • Mobile wallet compatibility (Apple Pay,* Samsung Pay, Google Pay)

  • FDIC-insured up to $250K

  • 24/7 customer support

  • Fingerprint and Face ID login

  • Account alerts

  • Debit card disabling

T-Mobile MONEY App is available on iOS and Android devices.

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