Do you want to know all the characteristics, requirements and conditions of the Ally checking account? Alfredo Barandiarán analyzes for Responsible Economy all the features of Ally’s checking account. Also look at our comparison with the best checking accounts in the United States. Welcome!
Video Ally checking account review
Here is a very complete video with all the characteristics of the Ally checking account. Also, you have all the complete content in the article. If you like the video, subscribe and help us grow!
Features
In this section we show you all the characteristics of the Ally checking account.
Fees
Ally offers a checking account with no maintenance fees. There is also no need to make any direct deposit.
Minimum deposit
There is no minimum deposit required to open the account. You can open the checking account with 0 dollars.
Overdraft services
It does not have overdraft service. All payments that make your account negative will be rejected.
Zelle
You can use the Zelle service with Ally to send and receive money fast and without commissions.
Bonus
It does not have any welcome bonus.
ATMs
You can make withdrawals without fees at all Allpoint ATMs. You have more than 43,000 ATMs throughout the United States without commissions.
Wires
Outgoing bank transfers have a commission of $25.
Rates
With Ally you can earn interest with this checking account, with a savings account and CDs. The checking account has interest of 0.25%, the savings account of 3.30% and the CDs of 4.25%.
Fees
We have made a list with all Ally commissions:
- Monthly fees: $0
- Overdraft services: $0
- Wires: $25 outgoing wires
Requirements
These are the requirements you must meet to open an Ally checking account:
- must be 18 or older
- Live in The Unites States
- Have an American phone number
- Have social security number
Documents
Ally will ask you for a document that proves that you live in the United States (invoice, letter) and your driver’s license or other valid document.
How to open a checking account
Ally is an online bank so the only way to open a checking account is online from your mobile phone or computer.
Best banks in 2023
We have made a comparison with the best checking accounts that you can open in 2023 in the United States. You can see below the table of the main banks and the characteristics of each one:
- It is very easy to avoid monthly commissions
- Welcome bonus of 200 dollars fulfilling conditions
- More than 16,000 ATMs in the United States
- $25 minimum deposit
- Very low interest rates
- It is very easy to avoid monthly commissions
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
- No fees and no requirements
- Nearly 60,000 ATMs
- Welcome bonus of 250 dollars fulfilling conditions
- High interest rates on CDs
- No fees no direct deposits
- Fee-free withdrawals from ATMs around the world
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
- No fees no direct deposits
- More than 60,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on Savings
- No fees no direct deposits
- More than 50,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs and Savings
- Commissions of $10 if you do not meet requirements
- No fees at Citibank ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
Video with the best banks
Here you have a video with the best checking accounts in the United States:
Pros and cons
We have made a table with all the advantages and disadvantages offered by the Ally checking account:
| Pros | Cons |
|---|---|
| No monthly fees | No welcome bonus |
| No minimum deposit | Does not accept cash deposits |
| Zelle | No branches |
| High interest rates |
The advantages that Ally offers are that it does not have monthly commissions, it is not necessary to make a minimum deposit of money, the interests are high and it has a Zelle service.
The disadvantages are that it does not have branches, you cannot make cash deposits at ATMs and it does not have a welcome bonus.
Frequent questions
Now we answer all the questions you may have about Ally:
More information about Ally
Here is a table with interesting information about Ally:
| Information | Descripcion |
|---|---|
| Website | https://www.ally.com |
| https://twitter.com/ally | |
| YouTube | https://www.youtube.com/c/ally |
| Phone | 1-888-925-2559 |
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Updated the day 8 February, 2023 by Alfredo Barandiarán
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