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  Ally Bank Interest Checking

Ally Bank Interest Checking

in Checking Accounts from Ally Financial Inc. · Member FDIC

Claimed

Ally Bank Interest Checking

Claimed

in Checking Accounts from Ally Financial Inc. · Member FDIC

SuperMoney Net Recommendation Score 0%

SUPERMONEY NET RECOMMENDATION SCORE

0%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly recommended

4 users recommend
4 users are unsure
4 users don't recommend
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Highlights
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% - 0.50%
Number of Reviews 12

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
  • Low APY. The maximum annual percentage yield for this account is only 0.50%.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • No ATM fees. Ally Bank Interest Checking does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions
  • Free bill pay. Pay your bills to practically anyone in the United States through Ally Financial Inc..
  • Hard credit pull. Ally Financial Inc. may require a hard pull on your credit report to open a checking account.
Ally Bank Interest Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Higher than average wire transfer fees.
Ally Bank Interest 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 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).

Ally Bank Interest Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.10% - 0.50%

What are the account minimums for Ally Bank Interest Checking?

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

Ally Bank Interest Checking Account Minimums
Description Amount
Minimum Initial Deposit $0

What fees does Ally Bank Interest Checking charge?

The good news is that this account does not have a monthly service charge.

Ally Bank Interest Checking Fees
Description
Monthly Fee $0
Paper Statement Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $25
Overdraft Protection Fee (per transfer) $0
Overdraft Item Fee $25
Early Account Closure $0
Returned Deposit Fee (Domestic) $7.50
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $15
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 1%
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $0
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

ATM Fee: In-Network $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
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
Bank Account Features
  • No ATM Fees
  • IRAs
  • FDIC Member
  • Bauer Financial A+/A Rating
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.10% - 0.50%

Ally Bank Interest Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

0%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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