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T-Mobile takes on US banks with checking account

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"Customers get a Mastercard debit card, money management tools, mobile cheque deposits, P2P transfers and the ability to pay with Apple Pay, Google Pay and Samsung Pay.

However, the firm is not just relying on a slick user experience to win people over, it is also offering eligible Un-carrier customers four per cent Annual Percentage Yield on balances up to $3000 - 50 times higher than the average US checking account."

From "T-Mobile takes on US banks with checking account".

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