T-Mobile is offering a new option for its prepaid customers. This new plan allows customers to pay $1 a day and get all the benefits of a post-paid contract. The offering is very similar to the GoPhone option that AT&T provides. Basically, for $1 a day, you get unlimited nights and weekends and calls to other T-Mobile customers. All other calls are 10 cents a minute. Also, texting is affordable with this new plan. You can send a text for 10 cents, and receive one for 5 cents.

Pay By The Day gives customers the wireless value they want without long-term commitments. The new prepaid plan only costs $1 per day for the days the phone is used. In exchange, customers get free T-Mobile to T-Mobile calling all day and unlimited nationwide calling from 7 p.m. to 6:59 a.m. All other domestic calls are just 10¢ per minute and text messages are 10¢ to send and 5¢ to receive.

Pay By The Day joins a growing family of prepaid options from T-Mobile, including Pay As You Go (previously named T-Mobile To Go) and Sidekick Prepaid (previously named Sidekick To Go). With no annual contract, no credit check, and no monthly bill, prepaid plans are a simple, direct way to go mobile.

This excerpt from the press release says it all. So if prepaid is your thing, then this is a great new option. It is not a bad deal, and it is great if you do not want a pesky contract. I know you are itching to get in on the action, so head on over to this page to sign up for this new plan.