Ally Bank Interest Checking

Ally Bank Interest Checking Review

Ally Bank Interest Checking is offered by Ally Financial Inc., a bank founded in 2001 and based in Philadelphia, PA. Ally Bank Interest Checking is available in 50 states (and Washington, DC).

Key Takeaways

• Higher than average APY. Ally Bank Interest Checking has an annual percentage yield of up to 0.25%, which is higher than the national average interest rate on savings accounts.
• $0 monthly fee. This account does not charge a monthly Service Charge.
• No minimum initial deposit. There is no minimum balance required to open an account.
• 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..

Ally Bank checking Pros & Cons

Ally Bank checking FAQ

Are checking accounts from Ally Financial Inc. federally insured?

Yes, this account is 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.
• 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.
• 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 mostly recommended based on community reviews that rate customer service and user experience.