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No monthly fees
- OmniMoney by Boost, as it is formally branded, doesn’t require a credit check to open an account. There’s no minimum balance requirement and no monthly fees as long as the account is active in a 12-month time period.
www.theverge.com/2022/10/27/23425485/boost-mobile-omnimoney-bank-account-service-fees
People also ask
Does Boost Mobile have no-fee banking?
Is Boost Mobile becoming a bank?
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Does Boost Mobile offer banking services to Neobanks?
Oct 27, 2022 · There’s no minimum balance requirement and no monthly fees as long as the account is active in a 12-month time period.
- Allison Johnson
Oct 27, 2022 · OmniMoney represents the latest Boost value-added service delivering mobile access to money transfer, debit cards and basic no-fee digital checking services. In-store cash deposits are also available in select Boost Mobile stores, with nationwide expansion in the coming months.
Oct 27, 2022 · With no credit check, no minimum balance requirements, and no monthly fees for active users - OmniMoney provides financial power to customers through the convenience of their phone.
Oct 27, 2022 · OmniMoney’s features include a debit card, basic no-fee digital checking services and free remittances to Mexico of up to $1,000 per month with premium unlimited plans. Anyone can open an OmniMoney account, but certain discounts only apply to Boost Mobile users, a Boost spokesperson said.
- Anna Hrushka
Oct 27, 2022 · OmniMoney isn’t a bank per se but it offers access to accounts, money transfer, debit cards and basic no-fee digital checking services. In-store cash deposits are available in select Boost Mobile stores, with expansion nationwide coming over the next several months.
- Monica Alleven
You can now enjoy Wallet & Boost Bank features, all in just one app. Just tap on the 'Bank' icon on your Boost homepage to start enjoying true convenience & financial freedom. Earn up to 3.6% p.a. daily interest*. Enjoy 3x Boost Stars on your Boost transactions*. Redeem rewards, vouchers & more.
At least part of that plan includes offering “basic no-fee banking services” — except, well, there are fees. To be clear, Boost Mobile is not becoming a bank. It’s licensing the service from a company called Alviere, which handles the banking bit and is an FDIC member.
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