5/11/2023 0 Comments Tmobile moneyHank you for contacting T-Mobile MONEY, we are happy to assist you. I contacted customer service and received the following reply: However, the past two days, my daily transfer limit has been limited to $300/day which, for me, is a deal breaker. Moving money between accounts with T-Mobile Money has always been inconvenient because of the account's $3,000/day transfer limit. How do you know that BM Tech actually deposit the money immediately to other banks? MY interpretation is that BM Technologies can take control of the money deposited in Customers Bank and deposit it to other banks. Upon any such transfer, the Bank's obligations and responsibilities with regard to you and your Account shall cease, and this Agreement shall terminate. without any further consent on your part. You also authorize the Bank to transfer any Account balance directly to a successor FDIC-insured depository institution as designated by BM Technologies, Inc. to place such balance with another Federal Deposit Insurance Corporation ("FDIC")-insured depository institution. You specifically authorize the Bank, at the direction of BM Technologies, Inc., to transfer the full balance of the Account to BM Technologies, Inc., as your agent, so as to permit BM Technologies, Inc. as your agent for purposes of any deposit Account you may open. Other Transfer”:Įffective : You hereby appoint BM Technologies, Inc. ![]() The following content has been added under the “Transfer of Account Balance to BM Technologies, Inc. ![]() However, this authorization in no way impedes your ability to request the closure of your account if such a transfer of holding financial institutions is not acceptable to you.Īccount Terms and Conditions and Related Disclosures Effective : You further authorize BM Technologies, Inc., as your agent, after reasonable notice has been provided to you and without any further consent, to direct the FDIC-insured depository institution then holding your deposit account to transfer your deposit account and all of such depository institution's related obligations and responsibilities to an assuming FDIC-insured depository institution designated by BM Technologies, Inc.
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