5 ms·

I'm surprised they didn't call it "T-Money".

toomuchtodo 13y ago
Their domain, t-mobilemoneyservices.com, drives me nuts. Why not use money.t-mobile.com? Also, t-money.com looks to be taken by someone in South Korea since about 2004.
- thirdsun 13y ago
  Yes, if it wasn't for the t- I could easily see that domain belonging to some fraudulent/dubious ponzi scheme business.
- maxerickson 13y ago
  It's amazing what things have come to. They have disclaimer footnotes for 3 of their 4 headline claims and the remaining one is conditional on being a T-Mobile customer. And there are so many fees, especially for people that don't have a T-Mobile phone. I guess when/if interest rates go up these things won't be very popular.
  - toomuchtodo 13y ago
    I think it'll still be popular among the unbanked, who are getting raped on fees at check cashing facilities and whom are unable to get a traditional bank account. As a Simple (https://simple.com https://simple.com) banking customer, I don't see what T-Mobile offers that Simple doesn't besides someplace to load cash in person. Fun fact: Simple and T-Mobile are using the same "real" bank (The Bancorp Bank) to provide their services. Google also uses The Bancorp Bank for their Wallet card.
    - maxerickson 13y ago
      Many of the people paying the most cumulative fees should be able to maintain a no fee checking account (because regular direct deposits). I do wonder what the breakdown is on access/credit problems/awareness/willingness to deal with banks. Around here the credit unions are inexpensive and about as close as anything else.
      - toomuchtodo 13y ago
        I'd Kickstart the hell out of that sort of study. https://www.google.com/search?q=unbanked+statistics https://www.google.com/search?q=unbanked+statistics
    - foobarqux 13y ago
      What is special about Bancorp?
      - toomuchtodo 13y ago
        Bancorp's business model is to design their systems primarily around integrating with other systems. It appears to be why most technology companies are using them for the underlying banking infrastructure.
        ryanhuff 13y ago
        Private-labeled banking services. Interesting.

Their domain, t-mobilemoneyservices.com, drives me nuts. Why not use money.t-mobile.com? Also, t-money.com looks to be taken by someone in South Korea since about 2004.

thirdsun 13y ago
Yes, if it wasn't for the t- I could easily see that domain belonging to some fraudulent/dubious ponzi scheme business.
maxerickson 13y ago
It's amazing what things have come to. They have disclaimer footnotes for 3 of their 4 headline claims and the remaining one is conditional on being a T-Mobile customer. And there are so many fees, especially for people that don't have a T-Mobile phone. I guess when/if interest rates go up these things won't be very popular.
- toomuchtodo 13y ago
  I think it'll still be popular among the unbanked, who are getting raped on fees at check cashing facilities and whom are unable to get a traditional bank account. As a Simple (https://simple.com https://simple.com) banking customer, I don't see what T-Mobile offers that Simple doesn't besides someplace to load cash in person. Fun fact: Simple and T-Mobile are using the same "real" bank (The Bancorp Bank) to provide their services. Google also uses The Bancorp Bank for their Wallet card.
  - maxerickson 13y ago
    Many of the people paying the most cumulative fees should be able to maintain a no fee checking account (because regular direct deposits). I do wonder what the breakdown is on access/credit problems/awareness/willingness to deal with banks. Around here the credit unions are inexpensive and about as close as anything else.
    - toomuchtodo 13y ago
      I'd Kickstart the hell out of that sort of study. https://www.google.com/search?q=unbanked+statistics https://www.google.com/search?q=unbanked+statistics
  - foobarqux 13y ago
    What is special about Bancorp?
    - toomuchtodo 13y ago
      Bancorp's business model is to design their systems primarily around integrating with other systems. It appears to be why most technology companies are using them for the underlying banking infrastructure.
      - ryanhuff 13y ago
        Private-labeled banking services. Interesting.