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).

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 Interest Checking offer?

Ally Bank Interest Checking offers an APY starting at 0.10% and ranging up to 0.50% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Ally Bank Interest Checking?

Ally Bank Interest Checking does not require a minimum initial deposit.

What fees does Ally Bank Interest Checking charge?

The good news is that this account does not charge a monthly maintenance fee.

What features and perks does Ally Bank Interest Checking offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Ally Bank Interest Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Ally Bank Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.