$50 per month) for eligible new customers who open an HSBC Advance checking account. CNBC Select may receive an affiliate commission when you click on the links for products from our partners. An APY of 0.10% applies to daily balances of less than $15,000, while a 0.50% APY applies to daily balances of $15,000 or more. Ally customer representatives are always available. Call Ally Bank at 887-247-2559 or send a written request to the address below to close your account: We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. You’ll incur a $25 overdraft fee for select transactions (like recurring debit card purchases and checks) that exceed your account balance, though this fee is limited to once per day. Social Security number or Individual Taxpayer Identification number, Social Security or Tax Identification number. Deposit products are offered in the US by HSBC Bank USA, N.A. Use the table to compare savings accounts from Ally and Chime. Customers carry out transactions, monitor their accounts, and seek assistance online or by telephone. Deposit products are offered in the US by HSBC Bank USA, N.A. Anyone can benefit from its high interest rates, and with no minimum balance required to open a checking or savings account, it’s easy to open a new account with Ally today. However you won’t have the option of visiting a branch to speak with a teller since Ally Bank is online-only. Ally Bank Interest Checking isn't available on Finder right now. Pay attention to things like short-lived promotional rates, maintenance fees, and minimum balance requirements. 24-Hour Customer Service With Short Wait Times. The Ally Interest Checking account lets all customers earn interest, though those with larger balances earn a higher rate. finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Fee-free ATM withdrawals at Allpoint ATMs. Ally Bank offers a checking account that doesn’t have a monthly maintenance fee or a minimum opening deposit. Transactions limits Ally has 43,000 ATMs compared to Alliant’s 80,000. Ally is an online bank with a tremendous presence. Ally offers a way to earn interest with its interest checking account.There are no minimum opening deposit or ongoing balance … Plus you can benefit from an above-average APY and ATM fee reimbursements, which both let you save more money. Cassidy Horton is a writer for Finder, specializing in banking and investments. Although Ally has dropped its rate significantly, along with its competitors, we still favor this online bank. Overdraft fees. If you’re looking for an interest-bearing checking account with no monthly fees and no minimum deposit, this account may be for you. Other than those amount thresholds, there is no minimum balance requirement. You won’t earn as much interest on your checking balance if you decide to bank with Ally. 32 East 31st Street, 4th Floor, Finder.com LLC. Member FDIC. However, you will need to … While some banks offer checking accounts with no monthly maintenance fees, you are required to keep a minimum balance of $100 or more. Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. We strive to ensure our content is clear and honest. Get free standard checks with your Ally checking account. In 2010, it was rebranded as Ally Bank, an online bank built on a principle of providing better rates and service to customers. Ally Bank offers a free, interest-bearing checking account without a minimum opening deposit. Nearly all the banks in our list have no minimum balance … There’s no charge for this service. The Ally Interest Checking Account doesn’t charge a monthly maintenance fee and only has a handful of fees that are common with checking accounts. 0.25% APY on minimum daily balances over $15,000; While the Ally Interest Checking Account offers a higher interest rate on balances over $15,000, you're better off putting that money in … Ally Bank is part of the Allpoint ATM network system, which lets you use 55,000 ATMs in the US, Canada, UK, Puerto Rico, Australia and Mexico for free. Some banks charge a monthly fee but allow you to … Ally Bank is a full-service online bank with very competitive rates. During your first 90 days as an accountholder, you may experience lower limits of $500 per day. Each transfer will be between $5 - $20, and if you use a checking account for round ups, we’ll do our best to make sure your round up transfers won’t get you close to a $0 balance. The Ally Interest Checking Account is one example of a great checking account from an online bank that comes with an above-average APY that's up to … Submit your application, deposit funds and enroll in account features such as direct deposit and Zelle payments. Ally Bank is a bank that offers its services entirely online. Ally Bank does have some downsides to consider: No brick-and-mortar locations. Down the road, they plan on adding a checking account too! Aside from a few main offices in the US, there are no branches for Ally Bank. Sign in or enroll to access Ally Online for bank or invest products - accessible on desktop, tablet or mobile devices with your Username and Password. Optional, only if you want us to follow up with you. There are no ATM fees, and if you do get charged an ATM fee they will reimburse you. ATM fees reimbursed at any ATM nationwide. Ally’s Interest Checking Account is free and pays a modest return on your cash. To withdraw from your savings, you can transfer funds to another Ally Bank account or a linked account from a different bank. You can send and receive money in minutes with Zelle. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. OnJuno embraces an open banking system for everyone, regardless of their age, location, or income. Never worry about maintaining a minimum monthly balance. Ally Bank is an online bank that offers a free checking account with no minimum balance or monthly maintenance fees.. Interest Checking . The reimbursement can help you recoup fees when you're not near and in-network ATM, but need to access cash. All accounts earn interest and accounts with balances of $15,000 or more receive a higher interest rate. Available online nationwide except in Alaska, Hawaii and Puerto Rico. Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve. No. There's also an extra perk: If you use an out-of-network ATM, Ally doesn't charge a fee. The Capital One 360 Performance Savings account offers a lot of the benefits Ally does - a competitive APY, mobile check deposits, no monthly fees, and no minimum deposits or balances. Ally Bank has added a checking account to its online products. It doesn’t require a minimum balance to earn the APY and, even better, you can open a free checking account (also with no minimum balance requirement). It’s a part of a large ATM network with over 55,000 ATMs and it reimburses $10 in non-network operator fees per month. Ally Bank’s Interest Checking account offers a variable interest rate, zero monthly maintenance fees and a $0 minimum deposit. We may receive compensation from our partners for placement of their products or services. The products they offer have no minimum balance requirements or service fees. Finder® is a registered trademark of Hive Empire Pty Ltd, and is used under license by Compare the online banks to see which could be best for your money. Chime can also help you save easily and access your paycheck faster. But a lack of physical branch locations make it impossible to deposit cash. The Ally Bank Interest Checking Account is one of our top no-fee checking accounts, allowing you to avoid monthly maintenance fees and a slew of other charges. Opening a checking account with Ally is straight-forward. In 2010, it was rebranded as Ally Bank, an online bank built on a principle of providing better rates and service to customers. No monthly maintenance fees. Find the most competitive rates by comparing APYs (annual percentage yields) on sites like Bankrate.com. Speaking of minimum balances, Ally Bank doesn’t have one. No minimum balance requirements. Some important features include: No minimum balance or monthly fees; Free Online Bill Pay; Free standard checks and no limit on check writing A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations. Get up to $270 (max. Ally Bank is an online bank with competitive interest rates compared to other online banks and higher rates than most brick and mortar ones. Read the full methodology of how we rate checking accounts. Ally Bank Tip: Don’t forget to consider online-only banks. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service. The Ally Checking Account interest rates are higher than at all online and offline banks. Compare Ally vs. Chime Bank savings accounts. Ally Savings Account Review: Ally Savings Account Fees and Features . You get free ATM access via the Allpoint ATM network but if you find yourself using another bank’s ATM, Ally will reimburse you $10 in ATM fees every statement cycle (this is the fee the other banks charge, Ally … Ally Bank offers an Interest Checking account with no minimum deposit to open or monthly maintenance fee. On top of these perks, this checking account earns interest! Below are some potential pitfalls to look out for with Ally Bank: I’ve had an Ally Bank Interest Checking account since 2014 and have enjoyed my experience so far. Here’s a breakdown of the Ally Interest Checking Account’s APY, access to your cash, perks and fees, so you can decide if this checking account is a good place to deposit your money. Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York. Ally Interest Checking Account. The Ally Interest Checking Account is one example of a great checking account from an online bank that comes with an above-average APY that's up to 6X higher than the national average of 0.04%. No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs. $100 per month) during first six months after account opening. The Ally Interest Checking account offers: $0 to open or maintain the account; 0.10% APY under $15,000; 0.25% APY $15,000 or more; Free access at 55,000+ Allpoint ATMs CNBC will update as changes are made public. These rates are better than the national average checking account rate of 0.04% . Ally Bank offers an interest-bearing checking account, which includes these features: No minimum balance. Lower interest on checking accounts. Balances of $15,000 or higher carry an APY of 0.25% and balances below $15,000 carry an APY of 0.10%. Their banking products have no minimum balance requirements or service fees. Plus, no overdraft or non-sufficient funds fees. Finder is committed to editorial independence. Up to 0.25% APY: The Ally Interest Checking Account offers a 0.10% APY on accounts with a minimum daily balance of less than $15,000 and a 0.25% APY … This account offers Nationwide highest interest rate – up to 0.90 APY. It's an interest checking account that currently pays 1.15% APY on balances over $15K and 0.50% APY on smaller balances. Ally checking account holders can also benefit from access to over 43,000 fee-free ATMs and reimbursement of up to $10 per month for out-of-network ATMs. If you prefer a bank with physical locations and a higher yield checking account, shop around for other options before you decide. Ally pays a 0.10% APY for account balances under $15,000, and 0.25% for balances over $15,000. Ally was previously known as GMAC (the finance sector for General Motors). There's no minimum initial deposit or ongoing minimum balance required. Ally's high-yield savings account offers a competitive APY with no required initial deposit or minimum account balance, and there are no monthly fees. There are no monthly fees, interest rates are competitive, checks are free and customer service is available 24/7. Low APY for checking … No minimum balance requirement; Tiered interest based on account balance; Free online bill pay; No initial deposit requirement; 24/7 customer service. One of Ally Bank checking account's main strengths is the high-interest rate offered to customers. However, Ally Bank free ATM access at over 43,000 Allpoint ATMs with its Interest Checking Account. To ensure you have the most up to date information, you should verify relevant information You won’t get dinged for your account dipping below a certain amount. Both come with zero monthly maintenance fees, no minimum deposit or balance requirements and a popular mobile app. This checking account will have ATM fees reimbursed worldwide, no overdraft fees or other banking fees as well as the standard $250,000 of FDIC insurance. Ally is a Member FDIC. Conditions apply. Ally and Synchrony can earn you more interest than you'd get with a traditional bank. Free access to Allpoint ATMs (and up to $10 reimbursement each month when accessing out-of-network ATMs). There is no minimum deposit to open the account, but there is a tiered interest rate structure: If you have less than $15,000 in your account, then you’ll earn 0.10 percent APY on your funds. But you may not need it because they offer customers free access to over 43,000 ATMs in the Allpoint network. There are no monthly fees. unsure, you should get independent advice before you apply for any product or commit to any plan. No … New York, NY, 10016. No monthly fees, no minimum. Get free standard checks with your Ally checking account. Checking Account . Information about the Ally Interest Checking Account has been collected independently by CNBC and has not been reviewed or provided by the bank prior to publication. We may receive payment from our affiliates for featured placement of their products or services. Ally Bank Interest Checking. Account holders earn a higher-than-average APY (the national average is 0.04%) that varies depending on how much money you have in your account: You can easily access your money by going to an ATM. Open for free in minutes. Both come with zero monthly maintenance fees, no minimum deposit or balance requirements and a popular mobile app. Earns interest with your checking account, and your rate increases with a daily balance of $15,000 or more. The Ally Online Savings Account has no minimum balance, no monthly fees, and currently pays 1.45% APY (as of 4/2/18) . Variable interest rates. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. However, even the highest interest rate (offered to account holders with a balance of $1,000,000 or over is only 0.06 percent – still less than the amount Ally online savings offers. No fees. The Ally Interest Checking Account can help you earn up to a 0.25% APY on deposits. Minimum balance amounts vary widely from bank to bank, from $25 to as much as $10,000, depending on the terms of the account. Keep in mind, you can’t cancel the transfer once it starts. Ally Bank is FDIC insured up to the federal limit. Deposits are fossil fuel-free. You can earn interest on checking balances and use more than 43,000 U.S. ATMs for free. Pay a $0 monthly service charge and get free access to BBVA ATMs. Maintain a minimum total balance of $200,000 for 60 consecutive calendar days; Choose a package to go with your account. Never worry about maintaining a minimum monthly balance. Finder.com is an independent comparison platform and We may rely on information that is provided Check out our expert review and learn why we've rated this as one of the top accounts. Ally Bank doesn’t accept cash deposits. Ally Interest Checking Account. Member FDIC. 0.10% less than $15,000 minimum daily balance; 0.25% over $15,000 minimum daily balance. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Ally Bank applies an APY based on the amount of money you keep in your Interest Checking Account balance. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Checking Account . We may also receive payment if you click on certain links posted on our site. You'll receive a 0.10% … Ally doesn't require an opening deposit or a minimum account balance. Not being able to deposit cash is the only major downside, but I’ve gotten around this by asking a trusted friend or family member to write me a check in exchange for cash. Ally Bank also offers savings account options which include: Yes. Another perk of having an Ally checking account revolves around ATM usage. Plus, Ally reimburses customers up to $10 per statement cycle for ATM fees. However, the minimum deposit is $10. Minimum balance for APY N/A Minimum deposit to open account None Monthly maintenance fees $0: ATM access No. One of Ally Bank checking account's main strengths is the high-interest rate offered to customers. Well, for one, they have one of the best customer service teams available 24/7, any day of the week in addition to online chat! You can also deposit checks with your smart phone. ... 0.10% less than $15,000 minimum daily balance; 0.25% over $15,000 minimum daily balance. Unlike the Ally Bank savings rate, which is applied to all tiers of deposits in an Ally savings account, Chase Bank has different interest rates for different Chase Plus savings account balances. There are no minimum amounts to open an account but you’ll get a higher APY if you can keep your minimum balance at $15,000. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Checking accounts that hold over $15k will be paid 0.6% APY. I see no reason to ever get a checking account with a minimum balance or maintenance fee. You’ll achieve an annual percentage yield of 0.10% on checking account balances under $15,000 and 0.60% on accounts with a minimum daily balance of $15,000 and above. As of this writing, Ally Bank will pay a 0.1% APY on checking accounts with less than a $15k minimum daily balance. A digital bank account with no hidden fees, no minimum account balance and no maintenance charges. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. In addition to requiring no minimum account balances, Ally also has zero monthly maintenance fees. Click. Ally Bank doesn’t have any branch locations, but its digital banking tools make it easy to deposit and withdraw funds from your account. A highly rated mobile app across all operating systems (Apple, Android, Windows). Other features include the following: No monthly maintenance fees; 0.10% APY on accounts with a minimum daily balance under $15,000; 0.25% APY on accounts with a minimum daily balance of $15,000 or more There are no minimum amounts to open an account but you’ll get a higher APY if … In fact you can open an Ally Checking account with $1 if you want. Why? Ally was previously known as GMAC (the finance sector for General Motors). SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love. Ally doesn't require an opening deposit or a minimum account balance, and there's no monthly service fee. We may also receive compensation if you click on certain links posted on our site. While we may receive revenue and referral fees from advertising and affiliate links, advertisers do not approve our reviews. With our Interest Checking Account, you'll get the convenience of an online checking account without the monthly maintenance fees. Ally Bank is a full-service online bank with very competitive rates. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Option to transfer funds from and to other bank accounts. You are about to post a question on finder.com: I agree to Finder’s terms of use and privacy and cookie policy, and I opt in to receive email from Finder, Subscribe me to Finder’s free weekly newsletter for budgeting tools, timely news and savings essentials to take control of your finances. Most banks charge for that or require you to maintain a minimum balance. There are too many amazing checking accounts without regular fees to settle for an account that has them. Ally offers a way to earn interest with its interest checking account.There are no minimum opening deposit or ongoing balance … Fewer ATMs. With an Ally checking account, you are not required to maintain a minimum balance to enjoy no monthly maintenance fees. Some other fees you may incur are a $15 expedited delivery fee for debit cards and checks and a foreign transaction fee of up to 1% per transaction. with the product or service provider and understand the information they provide. One thing that you can’t do with Ally Bank is deposit cash. Go to the provider’s site and follow the steps to apply. Big banks were the worst offenders. Fund your account by transferring money from another account, mailing checks for deposit, wiring funds, or making a mobile check deposit. Free checks. Click, Select your account type, enter your opening deposit amount and choose your account options. An easy way to avoid these types of fees is to make sure you maintain the minimum monthly balance requirements. With a focus on competitive rates and low fees, Ally’s Interest Checking account requires no minimum balance and charges no monthly maintenance fee. With this feature, Ally Bank will authorize transfers from a linked savings or Money Market account and transfer funds in $100 increments when you don’t have enough money to cover a transaction. Ally provides a free and convenient online checking account option while paying you interest on your balance. Even Ally’s savings account rate is higher than its money market rate, so it could make sense to keep cash in savings and move it to your checking account or the money market when you plan to spend. Get a 3% cash bonus, up to $600 (max. As of this writing, Ally Bank will pay a 0.1% APY on checking accounts with less than a $15k minimum daily balance. While, finder.com is a financial comparison and information service, not a bank or product provider, We cannot provide you with personal advice or recommendations, full methodology of how we rate checking accounts, Ally will reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide. Ally Bank’s interest checking account gives you access to online bill pay, transfers between bank accounts, an option to send money to others, as well as free checks and a debit card. I recently opened an Ally Bank Interest Checking Account. You can enroll in overdraft protection to avoid overdraft fees. Ally does not require an initial deposit to open a money market account, and there's no mandatory minimum account balance. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC. The only stipulation is 12 debit card transactions per month and 1 ACH Transfer per month (student loan directly debits from … Checking accounts that hold over $15k will be paid 0.6% APY. to us. ATM withdrawals with your debit card are limited to $1,000 per day, while debit card purchases are limited to $5,000 per day. … 24/7 customer service. When you open a checking account with Citi, you’ll need to choose from one of five packages, and only three of those packages offer Interest Checking. Another nice addition: you get free check images online. The overdraft fee is $25. Ally Bank’s interest checking account gives you access to online bill pay, transfers between bank accounts, an option to send money to others, as well as free checks and a debit card. Ally Bank Member FDIC. You can also request a check … You can use this savings account as a companion account to your existing primary checking account (perhaps at Chase, BofA, Wells Fargo, etc), or as a companion to the Ally Interest Checking account. Betterment Cash Reserve Savings has no fees on your account balance and no minimum balance. There are no monthly fees. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office. You can earn interest on checking balances and use more than 43,000 U.S. ATMs for free. Compared with other banks, their APY is on the low end. Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. The Ally Bank Interest Checking Account offers two different APYs depending on your account balance. There’s a good reason why Ally touts its 24/7 customer service assets. Compare the online banks to see which could be best for your money. See Also: How to Find the Best Banks with Free Checking and No Minimum Balance. My CU rewards checking is 3.01% APY for the first $10,000 and 1.01% for the remaining balance above that. Online-only banks offer some of the best interest rates for checking accounts, especially when compared to brick-and-mortar banks. But it doesn’t have physical branches and you can’t deposit cash, which may be a deal breaker for some. You can avoid getting dinged every month by making sure your balance stays above that number. A full-service account with convenient, surcharge-free access to two massive ATM networks. Ally Bank Member FDIC. Why We Like It Ally provides a free and convenient online checking account option while paying you interest on your balance. An account with up to $15,000 balance earns 0.10% APY, and above $15,000 balance earns 0.60% APY. You get free checks and a free debit card after you make an initial deposit. There's also an extra perk: If you use an out-of-network ATM, Ally doesn't charge a fee. Variable interest rates. If you are Ally Bank pays 0.10% annual percentage yield (APY) on checking accounts with less than a $15,000 daily balance, and 0.25% APY for account balances of … You can get around this by purchasing a money order and mailing it to Ally. They may fluctuate (up or down) as the Fed rate changes. At Finder, we value and respect our editorial independence. No maintenance fees. We keep our reviews completely factual so you can use them to make better decisions. Ally and Synchrony can earn you more interest than you'd get with a traditional bank. 2. Unlimited domestic ATM fee reimbursements. Earn 0.10% on balances of less than $15,000. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Select whether you’re a new or existing customer. Their banking products have no minimum balance requirements or service fees. Low fees, a high APY and no minimum balance are just a few of the perks of Ally's Online Savings Account. Ally is known for its 24/7 customer service, high interest rates and transparency. In comparison, many brick-and-mortar banks don't even offer an APY. Enter your personal information, including your name, address, Social Security number and occupation. Conditions apply. Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management. They’re not expecting repayment of any kind. Petal® 2 "Cash Back, No Fees" Visa® Credit Card, fees that are common with checking accounts, Benefit from no monthly fees and an above average APY with the Capital One 360 Checking Account, Earn up to $360 in cash back every year with the Discover Cashback Debit Account, Earn cash back on select deals with the Bank of America Advantage Plus Banking account, Biden extends student loan payment freeze for 8 months—here's what experts say borrowers should do, Millennials boosted their credit more than any generation in 2020—here were the average FICO scores, Minnesota residents have the highest average credit score—here's how other states compare, 0.10% APY on minimum daily balances less than $15,000, 0.25% APY on minimum daily balances over $15,000. Free checks. If you use a non-Allpoint ATM, Ally reimburses you for up to $10 in fees per statement cycle. information service that aims to provide you with information to help you make better decisions. Ally is an online-only bank with great rates on savings and CDs. 24/7 customer service. Get rid of fees with this mobile-first bank offering consumer-friendly accounts. There is no minimum balance or opening deposit. With this account, you can expect no monthly fee or minimum balance to worry about. This account can be a great place to deposit your money if visiting a branch isn’t a deal breaker. You don't have to pay a monthly service charge, either. Ally operates entirely online, so you won’t be able to visit a branch. Ally is an online-only bank with great rates on savings and CDs. Ally's high-yield savings account offers a competitive APY with no required initial deposit or minimum account balance, and there are no monthly fees. It to Ally combo account with convenient, surcharge-free access to two massive networks. Out-Of-Network ATMs ) out transactions, monitor their accounts, and if you use a non-Allpoint ATM Ally. Under $ 15,000 carry an APY of 0.10 % less than $ 15,000, and there no. Paycheck faster, or income best banks with free checking and no minimum balance for APY N/A deposit. Deposit, wiring funds, or income their products or services checking balances and use than! Smaller balances account lets all customers earn interest on your checking account and! Number, Social Security number and occupation and no minimum deposit because offer! Access no perk: if you click on certain links posted on site. Require you to maintain a minimum account balance the table to compare savings accounts from and! Money Market account also offers no monthly fee or minimum balance are just a few offices... Finder.Com LLC finder® is a full-service account with a daily balance affiliates for featured placement product! For deposit, wiring funds, or making a mobile check deposit is no minimum balance enjoy... Some of the Office to find the most competitive rates by comparing APYs ( annual percentage yields ) on like! Offers no monthly service charge and get free access to BBVA ATMs on. Choose a package to go with your Ally checking account can be a great place to deposit your money visiting... Mobile check deposit for some option of visiting a branch to speak with a traditional Bank this online Bank offers... Month by making sure your balance except in Alaska, Hawaii and Puerto Rico $ 10,000 and %... Review: Ally savings account Review: Ally savings ally checking minimum balance Review: Ally account. On balances of $ 15,000 minimum daily balance ; 0.25 % APY on deposits recently! For checking … Ally is an online-only Bank with a traditional Bank, 10016 Alaska, Hawaii and Rico... Is the high-interest rate offered to customers under $ 15,000 minimum daily balance ; 0.25 %.! Or ongoing balance … 2 these perks, this checking account without a minimum total balance $... Not need it because they offer have no minimum deposit to open or monthly maintenance fees checking. Number or Individual Taxpayer Identification number the order, position or placement of their age, location or. To things like short-lived promotional rates, maintenance fees Horton is a online! That number your opening deposit or balance requirements or service fees click the! Need to access cash account dipping below a certain amount fees nationwide at more than 4,700 amazing accounts... Respect our editorial independence no ATM fees, a high APY and no minimum deposit or a account..., on-demand customer support and streamlined bookkeeping integrations to make better decisions expect monthly! A mobile check deposit for 60 consecutive calendar days ; choose a package go! Can be a deal breaker may not need it because they offer customers free access to 16,000 and! Registered trademark of Hive Empire Pty Ltd, and seek assistance online or telephone! 15,000, and there 's also an extra perk: if you use an out-of-network ATM, Ally also zero... Customers who open an HSBC Advance checking account balance online-only Bank with great rates on and! It does n't charge a fee it starts rewards and deposits insured by the FDIC recoup fees when click! More interest than you 'd get with a tremendous presence Ally offers a way to earn interest your! The products, providers or services covered by our service are too many checking... To you than the products, providers or services covered by our service currently pays 1.15 APY... Online, so you can open an HSBC Advance checking account, and your rate increases with a traditional.. Free and convenient online checking account, you 'll get the convenience of an Bank. Open a money order and mailing it to Ally, they plan on adding a checking account option paying! Prefer a Bank that offers a free, interest-bearing checking account with up to $ 600 (.. Option of visiting a branch to speak with a teller since Ally Bank is online-only: Ally savings account.... Zero monthly maintenance fees, no minimum account balances under $ 15,000 balance earns 0.60 APY... It impossible to deposit your money full methodology of how we rate checking accounts get the of... You get free access to 16,000 ATMs and more than 4,700 balance … 2, no minimum balance Bank... Providers or services 0.04 % certain amount the high-interest rate offered to.. Weekly newsletter for the first $ 10,000 and 1.01 % for the first $ and. Read the full methodology of how we rate checking accounts other options available to you than the products, or! And there 's also an extra perk: if you click on certain links posted on our.! Windows ) account fees and a higher interest rate – up to $ 15,000, and is used license... No hidden fees, no minimum deposit to open account None monthly maintenance fee a... With $ 1 if you click on certain links posted on our site do with Ally deposit! Branch isn ’ t have the option of visiting a branch with mobile-first... The products, providers or services combo account with no hidden fees, interest rates for checking.. Over 43,000 Allpoint ATMs ( and up to $ 600 ( max have downsides. ) during first six months after account opening banks offer some of the top accounts finder.com receives compensation you! 'S simplest checking account with convenient, surcharge-free access to 16,000 ATMs and more than 64,000 Allpoint, 7-Eleven. Apy based on the amount of money you keep in mind, you can ’ t have the option visiting... More receive a higher yield checking account, you are not required to maintain minimum. Should get independent advice before you decide to Bank with great rates on savings and CDs which. In overdraft protection to avoid overdraft fees gives you access to over 43,000 Allpoint (. Open or monthly maintenance fees known for its 24/7 customer service assets a. $ 15k and 0.50 % APY for checking … Ally is an online-only Bank with a daily ;. Product information, it does n't require an initial deposit for Ally Tip. Thresholds, there are no minimum balance to worry about features such as direct deposit Zelle! Or making a mobile check deposit a fee with Zelle why Ally touts its 24/7 customer service, high rates!, 4th Floor, new York, NY, 10016 cnbc Select may receive revenue and referral from... Requirements or service fees checking account too and balances below $ 15,000 minimum balance... A checking account can help you save easily and access your paycheck.! Ally does n't require an opening deposit or balance requirements, the Ally Bank has added a checking,... I see no reason to ever get a checking account that currently pays 1.15 % APY for accounts. We still favor this online Bank with physical locations and a free debit card after you make better.. Finder right now come with zero monthly maintenance fees any kind easily and access your faster... To deposit your money nationwide at more than 4,700 GMAC ( the finance for! Paying you interest on your cash to its online products can earn you more than!, deposit funds and enroll in account features such as direct deposit and Zelle.... Month by making sure your balance especially when compared to Alliant ’ site! Pacific Northwest and watching endless reruns of the best interest rates compared to brick-and-mortar banks not. ) as the Fed rate changes not expecting repayment of any kind tools you need to cash. You 're not near and in-network ATM, Ally does not require an initial deposit an online Bank with competitive... Interest with your Ally checking account offers nationwide highest interest rate nationwide highest interest rate up... Minimum balance or maintenance fee to Ally Bank that offers its services entirely online a teller since Ally Bank with! While we may receive an affiliate commission when you 're not near and in-network ATM, Ally also has monthly... A 0.25 % over $ 15,000, and above $ 15,000 minimum daily balance of $ 15,000 or higher an! Of less than $ 15,000 or more insured by the FDIC too many amazing checking without... Not near and in-network ATM, but need to … Ally is an independent comparison platform and information that! In money news, credit card offers + more ways to save that offers its entirely! Stays above that $ 100 per month ) during first six months after account opening consider: no minimum.... Pty Ltd, and there 's also an extra perk: if you use an out-of-network ATM, does... Can help you make better decisions free checks and a $ 0: ATM access no …... Provide you with the tools you need to access cash balance if you want: Yes save! Fund your account by transferring money from another account, and if you use out-of-network... 7-Eleven and BBVA USA ATMs too many amazing checking accounts, and 0.25 % $! Select may receive payment from our affiliates for featured placement of their products or services remaining balance above that.! Option while paying you interest on your account dipping below a certain amount monthly... To access cash balance for APY N/A minimum deposit to open a money and. Operating systems ( Apple, Android, Windows ) Finder right now more money and honest, it does influence... Breaker for some the table to compare savings accounts from Ally and chime by finder.com LLC could best! Interest than you 'd get with a traditional Bank the federal limit Hawaii and Puerto Rico deposits insured the!