Interest Checking Account


Features Interest Checking done right

  • No monthly maintenance fees
  • No minimum balance to open
  • 24/7 live customer care - talk to a real person
  • Use any Allpoint® ATM in the U.S. for free, plus we reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide
    Find ATMs
  • Deposit checks remotely with Ally eCheck Deposit℠
  • Send someone money with Popmoney®
  • Protect your legacy. Open this account for a Trust. Learn more

Want to know more? Download our Straight Talk Product Guide

Everything you need and want from a bank

Online and mobile banking services, a debit MasterCard®, standard checks, online Bill Pay and postage-paid deposit envelopes are some of the features included at no charge.


Rates Get more for your money

We offer rates that are consistently competitive.

See how we compare

0.60 % APY
0.10 % APY

Estimate your earnings

Annual Percentage Yield Estimated Earnings for 1 Year Estimated Total Savings

What we're showing you

Our Annual Percentage Yields (APYs) is accurate as of 10/13/2015. Keep in mind, these rates are variable and may change after the account is opened. Fees may reduce earnings.

The APYs for other banks are provided by and are accurate as of 10/12/2015. The APYs in this table are for the state of California.

Fees No surprises

Everyday services and transactions are free with Ally Bank:

The following services and transactions are available for a fee:

Cross border / currency conversion transaction

Up to 1% of the transaction

Returned deposit item


Overdraft item paid or overdraft item returned (maximum 1 fee per day)


Stop payment item


Expedited delivery


Outgoing wires (domestic only)


Account research fee

$25.00 per hour

Ally Bank It's good to be different

We're an online bank, which means we don't have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

  • Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
  • Make deposits. Deposit checks with Ally eCheck Deposit℠ or ACH transfers
  • Move money. Transfer funds between Ally Bank and non-Ally Bank accounts, and pay anyone with PopMoney
  • Get cash. Use any Allpoint ATM in the U.S. for free, plus we'll reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide. Find an ATM
  • Keep track. Access your account anytime, anywhere with online and mobile banking
  • Pay bills. Set up one-time or recurring payments, paid directly from your checking account

Learn more about the benefits and conveniences of Ally Bank.


Live customer care
always available


Use any Allpoint ATM in the U.S. for free

4 Years

"Best Online Bank" 4 Years in a Row
MONEY® magazine 2011-2014

Customer Reviews Don't just take our word for it


See all   reviews

FAQs We have answers

  • Can I deposit cash?

    No. We don't accept cash deposits. However, there are several ways you can make a deposit into your account.

    • Remote check deposit with Ally eCheck Deposit℠
    • Online transfers and direct deposit
    • Wire transfers and mail
  • How will I add money to my Interest Checking Account?

    There are six ways to add money to your account:

    • Move funds online between Ally accounts
    • Transfer funds between your Ally and non-Ally accounts
    • Deposit a check with Ally eCheck Deposit℠
    • Use direct deposit to set up your paycheck or Social Security deposits. Download form
    • Wire transfer
    • Checks sent by U.S. mail (Please don't send cash)
  • When will I receive my new debit card or checks?

    Your debit card and initial check order will arrive in the mail within 10 business days after we receive your opening deposit.

    When re-ordering standard checks, after you submit the request your checks should arrive in 10 business days.

    Please call us at 1-877-247-ALLY (2559) if you don't receive your debit card or checks within 10 business days.

  • How can I access the money in my Interest Checking Account?

    Access your account, make payments, or move your money from your computer or mobile device. You can also:

    • Use a debit card or checks for purchases and payments
    • Make payments using free Online Bill Pay
    • Get cash back when you shop with your debit card
    • Get cash from an ATM (To find a nearby ATM, use the Ally ATM & Cash Locator)
    • Transfer money between your Ally accounts
    • Transfer money from your Ally accounts to non-Ally accounts 
    • Call us to obtain a cashier's check or for a wire transfer
  • How long do online transfers take?

    Between Ally Bank accounts: Transfers between your Ally Bank accounts take place immediately.

    Between Ally Bank and non-Ally Bank accounts: Transfers from an Ally Bank account to a non-Ally Bank account usually take 3 business days.

    To see how long your transfer will take to show up in your bank account, view our ACH Transfers Tutorial.

Still have questions? Visit our Help Center