T-Mobile extends its revolution to personal finances with Mobile Money

T-Mobile announced that it is expanding its UnCarrier consumer movement to take on personal finances, transforming users’ smartphones into their personal bankers, freeing them from the excessive commissions that they often have to pay predatory lenders and banks to use their own money. The company calls this latest move in its consumer revolution Mobile Money. “We’ve already transformed how Americans use and pay for phones, tablets and wireless service; why stop there?” said John Legere, president and CEO of T-Mobile. “Millions of Americans pay outrageous fees to check cashers, payday lenders and other predatory businesses—just for the right to use their own money. Mobile Money shifts the balance of power for T-Mobile customers and keeps more money in their pockets”.With a simple smartphone app for handling money, Mobile Money helps evade unreasonable commissions at absolutely no cost for T-Mobile customers.In turn, Mobile Money allows customers to do practically everything they would normally do with their money, including direct paycheck deposits, depositing checks with smartphone cameras, making purchases, paying bills and withdrawing cash from more than 42,000 ATMs nationwide with no ATM charges. “Mobile Money levels the playing field to put money back in consumers’ pockets for important things—like bills, groceries or vacations” said Mike Sievert, chief marketing officer for T-Mobile.For more information, click {here; http://www.t-mobile.com/landing/moneyservices.html}.