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The wireless phone company is giving every postpaid subscriber one free share of T-Mobile stock in a new rewards program called "Stock Up."
Additionally, for every new customer a subscriber refers to T-Mobile, the referring party will receive another share of T-Mobile up to 100 shares.
It costs nothing to get your shares or set up an account with T-Mobile's brokerage partner, Loyal3, and there are absolutely no fees to get or sell your share this year
and no fee to maintain your account as long as you're an active customer. Your T-Mobile stock is completely free. It's yours to do with what you want
you can hold on to it or sell it and pocket the cash whenever you choose.
According to a filing with the US Securities and Exchange Commission, the company will go through Loyal3 to purchase already outstanding shares to then give to the 29.4 million postpaid phone subscribers at T-Mobile. This prevents the move from being dilutive to current shareholders.
In addition, while customers do not pay any fees to redeem the share or sell it within 12 months after receiving it, Loyal3 can charge up to $5.00 to sell the share a year after redemption and up to $25 to transfer the share to another brokerage account starting January 1, 2017.
You have to Download the T-Mobile Tuesdays App to get your stock