tmobile announces free money banking with no overdraft or atm fees

T-Mobile has entered the banking business by launching its online banking product. It’s going after big banks in the US which charge monthly maintenance fees if you don’t keep a minimum balance. In addition, T-Mobile is offering certain customers a flexible way to deal with overdrafts. Let’s take a closer look at T-Mobile MONEY and who can benefit from it.

For starters, this is an online-only banking product which means all your banking will be done using the T-Mobile MONEY app. From here, you’ll be able to deposit checks, check your balance, transfer money, or make p2p payments. You’ll…