T-Mobile US shutters banking service - Mobile World Live

T-Mobile US shutters banking service

11 APR 2016

T-Mobile US has pulled the plug on its low-key Mobile Money offering, which included a physical pre-paid debit card and other banking services.

The closure of the two-year old service was confirmed by the operator, said Re/code.

T-Mobile US began telling subscribers about the service’s demise this week, giving them until 27 June to load more funds onto their Visa-backed prepaid cards, and until 27 July to then spend the balance.

The app also enabled subscribers to view their account balance, pay bills and deposit cheques, all via their smartphones.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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