On April 18, T-Mobile officially launched its T-Mobile MONEY checking account after a soft launch late last year. This is not the first time we’ve seen a telecommunications firm enter the banking space — it’s already been happening for years in Europe and Asia, with large telcos such as Orange and KDDI. And this isn’t T-Mobile’s first foray into banking, either. Should banks be worried? Watch below to learn more.

We also opened an account to see how T-Mobile helps customers through the checking account purchase journey. To learn more, check out Forrester’s “Video: T-Mobile MONEY Checking Account Opening Review.”