T-Mobile Money Accounts Being Transferred To Coastal Community Bank

T-Mobile Money accounts are being transferred from Customers Bank to being held at Coastal Community Bank, Member FDIC on April 1, 2025.

• To maintain your T-Mobile MONEY account(s), you’ll need to approve the transfer to Coastal Community Bank through an opt-in process by March 18th, 2025.
• If you approve your account transfer, there will be no impact to direct deposits, scheduled funds transfers or automatic bill payments, and you can continue using your debit card.
• If you do not respond, your T-Mobile MONEY account will be closed, and a check for your funds will be sent to the mailing address we have on file.

T-Mobile Money was once a useful high interest account but with rates on basic savings accounts increasing so much it’s not really useful any longer.

Hat tip to reader Alex G