Ally Bank Interest Checking

Ally Bank Interest Checking Review

Ally Bank Interest Checking is offered by Ally Bank, a bank founded in 1919 and based in Detroit, MI. Ally Bank Interest Checking is available in 50 states (and Washington, DC).

Key Takeaways

• Get paid before payday. Early direct deposit lets you access your money up to two days earlier.
• Savings Roundups. Boost your savings with Round Ups by saving when you spend. Ally can round up your transactions to the nearest dollar, then transfer the difference to your Ally Online Savings account.
• Higher than average APY. Ally Bank Interest Checking has an annual percentage yield of up to 0.25% (depending on balance), which is higher than the national average interest rate on savings accounts.
• $0 monthly fee. This account does not charge any monthly account fees.
• No minimum initial deposit. There is no minimum balance required to open an account online.
• No ATM fees. Ally Bank Interest Checking does not charge fees on ATM transactions.
• Up to $10 in ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
• Bill pay. Pay your bills to practically anyone in the United States through Ally Financial, Inc..
• Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.

Ally Bank checking Pros & Cons

Ally Bank checking FAQ

Are checking accounts from Ally Financial, Inc. federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57803). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Ally Bank checking offer?

Ally Bank checking offers an APY starting at 0.10% and ranging up to 0.25% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Ally Bank checking?

Ally Bank checking does not require a minimum initial deposit.

What fees does Ally Bank checking charge?

The good news is that this account does not have a monthly Service Charge.

Does Ally Bank checking charge overdraft fees?

What features and perks does Ally Bank checking offer?

This account includes the following features:

• ATM rebates - This account will reimburse you for any domestic ATM fees up to a monthly maximum of $10.
• Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
• Fraud monitoring - Ally Bank checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Get paid early - If you set up direct deposit with your employer and request this service, you can collect your salary early.
• Mobile Banking Services - Ally Bank checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Ally Bank checking?

The customer support email for Ally Bank checking is support@invest.ally.com.

How do people rate the customer service and user experience of Ally Bank checking?

Overall, Ally Bank checking is strongly recommended based on community reviews that rate customer service and user experience.