Ally Bank Spending Account

It’s a checking account, but better.

An example of a spending account with the text instant transfer to savings. In the background, the purple Ally debit card.

No monthly fees, more money to work with.

No monthly fees. A young couple smiling as they pay their bill at a restaurant.

With no monthly maintenance fees, you can spend more on what matters to you. No conditions, no catches — just straightforward access to your money.

8 ways an Ally Bank Spending Account can simplify your finances

4 min read

A checking account that puts you first.

Keep more of your money.

No monthly maintenance fees, overdraft fees, or minimum balance to earn interest.

No branch, no problem.

Access 75,000+ no-fee ATMs , pay friends (or bills) online and take comfort in 24/7 human support.

Security, always on our mind.

Get alerts for suspicious activity and your money FDIC insured up to the maximum allowed by law.

We’ve got you covered.

A phone screen showing an ATM withdrawal and reimbursement with the text "ATM Locator 20 near you".

Say hello to early paydays.

Set up direct deposit in a few taps and get paid up to 2 days early.
Get reimbursed for ATM fees.

Far from a no-fee ATM? Receive up to $10 per statement cycle for fees charged at other ATMs nationwide.
Protect against overspending.

Have a double line of defense using Overdraft Transfer Service and Coverdraft℠.

A phone screen showing spending buckets with the text "You've created a new bucket"

Zoom in with smart tools.

Bring your finances into sharper focus with the tools built right into your account.

A phone screen showing a bar chart of money coming in and out. A young girl excitedly points at a backpack while school shopping with her parents.

Trust through transparency.

Giving you the full picture of where your money goes.

There’s a lot we don’t charge for
Monthly maintenance	$0
Overdraft items	$0
Low daily balance	$0
Standard checks and debit cards	$0
Deposit slips and prepaid envelopes	$0
Standard or expedited transfers	$0

...and we won’t hide the fees we do have.
Expedited delivery for checks and debit cards	$15
Outgoing domestic wires	$20
Stop payment	$15
Overnight bill pay	$14.95
Same-day bill pay	$9.95
International transactions	Up to 1%

Get more for your money.

Find out how our rates stack up with other checking accounts.

Ally Bank Spending Account balance tiers :

Less than $15,000 = 0.10% Annual Percentage Yield (APY)

$15,000 or more = 0.25% Annual Percentage Yield (APY)

Daily Balance

What you should know.

No minimum deposit required to open an account.

Our Annual Percentage Yields (APYs) are accurate as of XX/XX/XX . Keep in mind, these rates are variable and may change after the account is open. Fees may reduce earnings. The APYs for other banks are provided by mybanktracker.com and are accurate as of XX/XX/XX . The APYs in this table are for the state of California.

Get to know every aspect of this account before you sign up.

Check out our Straight Talk Product Guide (PDF).

Bank better, starting now.

Get your account up and running in minutes.

Tell us about yourself.

We’ll need some personal info, like your address and Social Security number.

Add money to your account and receive your free debit card.

The faster you fund, the sooner you’ll earn interest and get your debit card.

Enjoy all the perks.

Start exploring everything our Spending Account has to offer.

Open New Account

Stay on-the-go with our app.

Your card, always in your control.

Lock your card in seconds if it’s lost or stolen.

Deposit checks whenever, wherever.

All you need is your phone and the check. Take a photo and you’re all set.

Send and receive money with a few taps.

Use Zelle® for a fast, safe, and easy way to pay your friends and family.

Get the app

Download the Ally app.

The reviews are in.

People like it here. We think you will, too.

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FAQs

You have questions. We have answers.

No, we don’t accept cash. But you can make a deposit into your account using one of these methods:
Remote check deposit with Ally eCheck Deposit℠

Online transfers and direct deposit

Wire transfers and mail
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 1-877-247-2559 if you don't receive your debit card or checks within 10 business days.
You can access your account, make payments and move money any time at ally.com or on our app. 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

Transfer money between your Ally accounts

Transfer money from your Ally accounts to your accounts at other institutions

Submit a wire transfer request online

Give us a call at 1-877-247-2559 to request an official/cashier’s check, at no charge.
CoverDraft acts as an overdraft safety net. We cover you up to $100 (or $250 if you set up qualifying direct deposits) on checks and transfers, debit card purchases, and bill payments, at no charge. In most cases, you'll qualify for CoverDraft 30 days after you deposit a total of $100 into an Ally Bank Spending Account.

Keep in mind:

CoverDraft isn't a line of credit or a guarantee. If your purchase isn't covered for any reason (if the transaction exceeds your CoverDraft limit, for example), it will be declined - but we'll never charge you an overdraft fee.

Watch a quick video about CoverDraft
CoverDraft eligibility

If you have a Spending Account with us, you’ll become eligible for CoverDraft 30 days after depositing a total of $100. We’ll activate it automatically and send you an email when we do.

Expanded coverage up to $250

After you’ve qualified for the standard $100 protection, you’ll need to receive a qualifying direct deposit (payments through an employer, business, or government program that uses direct deposit) of at least $250 for two months in a row. We’ll let you know when you’re eligible for expanded protection. Then, you can log in and change your preferences to a higher amount. Keep in mind: you’ll need to receive at least 1 direct deposit every 45 days to keep this expanded protection.
CoverDraft typically covers:
- Debit card purchases, including ones with cash back
- Automatic payments, like monthly subscription fees or utility bills
- Transfers you initiate at other institutions
- Personal checks or mailed Bill Pay checks
CoverDraft doesn’t cover:
- Zelle^® payments
- ATM withdrawals
- Immediate internal transfers between Ally Bank or Ally Invest accounts
- Wire transfers
We help you avoid overdrafts by declining these transaction types if you attempt to conduct one for an amount greater than your balance.

Additionally, we may pay or decline a transaction which would overdraft your account by more than your CoverDraft limit, but we’ll never charge you an overdraft fee.

Still have questions? Visit our Help Center.