Ally Bank Interest Checking
in Checking Accounts from Ally Financial Inc. · Member FDIC
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Would you recommend Ally Bank Interest Checking to your friends?
| Community Rating | Mostly recommended |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | $0 |
| APY (Annual Percentage Yield) | 0.10% - 0.25% |
| Number of Reviews | 13 |
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 reimbursements. 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
| Pros | Cons |
|---|---|
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Ally Bank checking FAQ
Are checking accounts from Ally Financial Inc. federally insured?
Yes, your Ally Financial Inc. checking accounts 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).
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | 0.10% - 0.25% |
What are the account minimums for Ally Bank checking?
Ally Bank checking does not require a minimum initial deposit.
| Description | Amount |
|---|---|
| Minimum Opening Deposit | $0 |
What fees does Ally Bank checking charge?
The good news is that this account does not have a monthly Service Charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Reimbursement Monthly Limit | $10 |
| Check Cashing Fee | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 1% |
| Monthly Fee | $0 |
| NSF Fee | $25 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $25 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (Domestic) | $7.50 |
| Returned Deposit Fee (International) | $0 |
| Stop Payment Fee | $15 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $20 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $0 |
| ATM Fee: Out-of-Network | $0 |
Does Ally Bank checking charge overdraft fees?
Yes, Ally Bank checking charges a $25 fee for every overdraft.What features and perks does Ally Bank checking offer?
This account includes the following features:
- ATM reimbursement - 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.
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.
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Contact
- Headquarters
-
P.O. Box 13625
Philadelphia, PA 19101 - Visit Site
Other Services by Ally Financial Inc.
Availability
Available in 50 states and Washington, D.C.
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
| ATM Fee: In-Network | $0 |
| Check Cashing Fee | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Monthly Fee | $0 |
| Online Bill Pay Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (International) | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $0 |
| ATM Fee: Out-of-Network | $0 |
| ATM Reimbursement Monthly Limit | $10 |
| Foreign Transaction Fee (Debit Card) | 1% |
| NSF Fee | $25 |
| Overdraft Item Fee | $25 |
| Returned Deposit Fee (Domestic) | $7.50 |
| Stop Payment Fee | $15 |
| Wire Transfer Fee - Domestic (Outgoing) | $20 |
Ally Bank Interest Checking Community Reviews
Would you recommend Ally Bank Interest Checking to your friends?
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