T-Mobile TMUS, +1.78% doesn’t just want to be a company that provides you with cell phone service and cable television. It also wants to be your bank.
T-Mobile is rolling out a mobile-banking service, called T-Mobile Money, nationwide, the company announced Thursday.
The bank accounts are being offered through a partnership with Customers Bank’s CUBI, -2.58% digital banking subsidiary BankMobile. (T-Mobile is effectively marketing checking accounts.) But experts say Chase JPM, -0.73% Citi C, -0.97% and Bank of America BAC, +0.00% won’t become concerned anytime soon.
