Ally checking account review

Would you like to read a thorough review of the Ally checking account? Responsible Economy has conducted a comprehensive analysis of its features, including fees, interest rates, welcome bonuses, requirements, and everything you need to know. Additionally, we provide a comparison of the top checking accounts available in the United States in 2023. Welcome!

Video Ally checking account review

We have created a video that covers all the important information about the Ally checking account. If you enjoy our content, please subscribe to support us and receive daily videos.

Features

In this section, we present all the features of the Ally checking account.

Fees

Ally offers a checking account with no maintenance fees. There is also no requirement for direct deposits.

Minimum deposit

There is no minimum deposit required to open the account. You can open the checking account with $0.

Overdraft services

The account does not have overdraft services. Any payments that would result in a negative balance will be declined.

Zelle

You can use the Zelle service with Ally to send and receive money quickly and without any fees.

Bonus

There is no welcome bonus offered with this account.

ATMs

You can make fee-free withdrawals at all Allpoint ATMs. There are over 43,000 ATMs across the United States without any fees.

Wires

Outgoing bank transfers have a $20 fee.

Rates

With Ally, you can earn interest on your checking account, savings account, and CDs. The checking account offers an interest rate of 0.25%, the savings account has an interest rate of 3.30%, and the CDs have an interest rate of 4.25%.

Fees

Here are the fees associated with Ally’s checking account:

• Account maintenance fee: $0
• Outgoing transfers fee: $20

Requirements

These are the requirements you need to meet in order to open an Ally checking account:

• You must be 18 years of age or older.
• Reside in the United States.
• Have a valid American phone number.
• Possess a social security number.

Documents

Ally will require you to provide documentation that proves your residence in the United States, such as an invoice or letter, as well as a valid driver’s license or other acceptable identification document.

How to open a checking account

Ally is an online bank, which means the only way to open a checking account is through their website or mobile app. You can conveniently apply and complete the account opening process using your mobile phone or computer.

Best banks in 2023

We have conducted a comparison of the best checking accounts available for opening in 2023 in the United States. Below is a table highlighting the main banks and their respective features:

Video with the best banks

Here you have a video with the best checking accounts in the United States:

Pros and cons

Below is a table outlining the advantages and disadvantages of 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
Twitter	https://twitter.com/ally
YouTube	https://www.youtube.com/c/ally
Phone	1-888-925-2559

Other Ally products

Here are other products offered by Ally:

• Ally certifite of deposit review.

Related posts

Finally, you have related posts on checkings accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán