T-Mobile's Mobile Money service lets subscribers get a prepaid Visa card with no overdraft or maintenance fees. Customers can fill up the card by taking pictures of checks through a smartphone app, or by depositing cash at T-Mobile stores.
For withdrawals, cardholders can hit up in-network ATMs with no fees. The service also offers free bill payments and free transactions to other cardholders. Lost or stolen cards can be replaced for free as well.
At the same time, Mobile Money lets users direct deposit paychecks, deposit checks from capable smartphone cameras, make retail purchases or pay bills.
Starting today, individuals can register for their T-Mobile Visa Prepaid Card at https://t-mobilemoneyservices.com/. Cards will also be available in participating T-Mobile retail locations and beginning in February will be available in Safeway stores in the United States.
The card is issued by The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc., pursuant to a license from Visa U.S.A. and may be used everywhere Visa debit cards are accepted.