You won’t earn as much interest on your checking balance if you decide to bank with Ally. However, the minimum deposit is $10. However, you will need to … Why? 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 A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations. 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. Online-only banks offer some of the best interest rates for checking accounts, especially when compared to brick-and-mortar banks. Their banking products have no minimum balance requirements or service fees. Customers carry out transactions, monitor their accounts, and seek assistance online or by telephone. 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. My CU rewards checking is 3.01% APY for the first $10,000 and 1.01% for the remaining balance above that. You can earn interest on checking balances and use more than 43,000 U.S. ATMs for free. Go to the provider’s site and follow the steps to apply. Editor’s Note: APYs listed in this article are up-to-date as of the time of publication. 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. Low fees, a high APY and no minimum balance are just a few of the perks of Ally's Online Savings Account. Ally provides a free and convenient online checking account option while paying you interest on your balance. Fewer ATMs. You can also deposit checks with your smart phone. Compare the online banks to see which could be best for your money. Ally Bank does have some downsides to consider: No brick-and-mortar locations. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. There are no minimum amounts to open an account but you’ll get a higher APY if … Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. A full-service account with convenient, surcharge-free access to two massive ATM networks. You don't have to pay a monthly service charge, either. Aside from a few main offices in the US, there are no branches for Ally Bank. The Ally Bank Interest Checking Account offers two different APYs depending on your account balance. You get free checks and a free debit card after you make an initial deposit. Ally’s Interest Checking Account is free and pays a modest return on your cash. You can enroll in overdraft protection to avoid overdraft fees. See Also: How to Find the Best Banks with Free Checking and No Minimum Balance. Their banking products have no minimum balance requirements or service fees. Enter your personal information, including your name, address, Social Security number and occupation. No monthly fees, no minimum. Pay attention to things like short-lived promotional rates, maintenance fees, and minimum balance requirements. Ally is a Member FDIC. There’s a good reason why Ally touts its 24/7 customer service assets. There are no monthly fees. Earns interest with your checking account, and your rate increases with a daily balance of $15,000 or more. In 2010, it was rebranded as Ally Bank, an online bank built on a principle of providing better rates and service to customers. ... 0.10% less than $15,000 minimum daily balance; 0.25% over $15,000 minimum daily balance. In addition to requiring no minimum account balances, Ally also has zero monthly maintenance fees. Get our weekly newsletter for the latest in money news, credit card offers + more ways to save. Click. There's also an extra perk: If you use an out-of-network ATM, Ally doesn't charge a fee. The overdraft fee is $25. New York, NY, 10016. Ally pays a 0.10% APY for account balances under $15,000, and 0.25% for balances over $15,000. Ally customer representatives are always available. $50 per month) for eligible new customers who open an HSBC Advance checking account. You can earn interest on checking balances and use more than 43,000 U.S. ATMs for free. Both come with zero monthly maintenance fees, no minimum deposit or balance requirements and a popular mobile app. Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Conditions apply. Option to transfer funds from and to other bank accounts. Overdraft fees. Maintain a minimum total balance of $200,000 for 60 consecutive calendar days; Choose a package to go with your account. Plus, Ally reimburses customers up to $10 per statement cycle for ATM fees. Ally Bank applies an APY based on the amount of money you keep in your Interest Checking Account balance. I see no reason to ever get a checking account with a minimum balance or maintenance fee. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Month by making sure your balance: Ally savings account fees and $. Return on your balance for deposit, wiring funds, or income n't require opening! The monthly maintenance fees a branch isn ’ t forget to consider online-only banks endless... Branches nationwide the offers that appear on this site are from companies from which receives... 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