Ally checking account review

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!

YouTube video
Ally checking account review

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
Ally checking account fees
Ally checking account fees

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:

Logo Chase
  • 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
Bank of America logo
  • 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
Wells Fargo logo
  • 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
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • 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
Citibank-logo
  • 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:

YouTube video
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:

ProsCons
No monthly feesNo welcome bonus
No minimum depositDoes not accept cash deposits
ZelleNo branches
High interest rates
Pros and Cons Ally checking account

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:

InformationDescripcion
Websitehttps://www.ally.com
Twitterhttps://twitter.com/ally
YouTubehttps://www.youtube.com/c/ally
Phone1-888-925-2559
Informacion about Ally

Related posts

Finally, you have related posts on current accounts:

Updated the day 8 February, 2023 by Alfredo Barandiarán

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