Online Checking Account: High Interest Checking | Ally Bank®

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Ally Bank:

1-877-247-2559
Open 24/7

make everyday banking count.

A checking account that gives you more.

We reward you for banking with us, not the other way around.

Deposit checks remotely.

With Ally eCheck Deposit℠ you can deposit checks right from your smartphone. Just snap a photo and you’re good to go. Plus, watch your money grow fast with interest compounded daily.

Move money your way.

Transfer money with your voice through Ally Skill™ for Amazon Alexa. Plus, easily send and receive money with people you know using Zelle^®. Do it all without monthly maintenance fees.

Save when you spend with Round Ups.

Access a special savings booster when you have a checking and Online Savings Account with us. We’ll track transactions we can round up to the nearest dollar, then transfer to your savings.

More about how it works

Features offered with every Ally Bank account.

Open in the name of a Trust.

Offer flexibility and security for the ones you care about most.

No minimum opening deposit.

Open an account with no minimum balance requirement.

Your money, FDIC-insured.

Deposits are insured by the FDIC up to the maximum allowed by law.

43,000+ no-fee Allpoint^® ATMs.

Use any Allpoint^®ATM in the U.S for free, and we reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide.

No monthly maintenance fees.

Don’t expect any sneaky monthly maintenance fees with us.

Debit card controls.

Define how, when, and where your Ally Bank debit card is used.

Open in the name of a Trust.

Offer flexibility and security for the ones you care about most.

Your money, FDIC-insured.

Deposits are insured by the FDIC up to the maximum allowed by law.

No monthly maintenance fees.

Don’t expect any sneaky monthly maintenance fees with us.

No minimum opening deposit.

Open an account with no minimum balance requirement.

43,000+ no-fee Allpoint^® ATMs.

Use any Allpoint^®ATM in the U.S for free, and we reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide.

Find an ATM

Debit card controls.

Define how, when, and where your Ally Bank debit card is used.

Get more for your money.

Compare the cost of banking somewhere else.

Daily Balance

What you should know.

Our Annual Percentage Yields (APYs) are accurate as of XX/XX/XXXX. 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/XXXX. The APYs in this table are for the state of California.

Fees, a short story.

You shouldn't be nickel and dimed for using your own money.

We don't charge for the things you use most

Monthly maintanence fees
Standard or expedited ACH transfers
Copies of online statements
Incoming wires (domestic and international)
Postage-paid deposit envelopes
Official/cashier's checks

…and won't hide the fees we do have.

Returned deposit item

$7.50
Overdraft item paid or overdraft item returned (maximum 1 fee per day)

$25
Expedited delivery

$15
Outgoing domestic wires

$20
Account research fee

$25

per hour

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

Check out our Straight Talk Product Guide (PDF).

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

Check out our Straight Talk Product Guide (PDF).

Bank better, starting now.

It only takes a few minutes to open an account.

1. Tell us about yourself.

We'll need some personal details like your address, contact information and social security number.

2. Fund your account.

There’s no minimum amount to open an account, but the faster you fund, the sooner you’ll earn interest.

3. Enjoy our award-winning experience.

Get online access right away and explore everything we offer as well as other ways we can help you reach your goals.

Open New Account

Build a better financial future.

Whether you’re just starting out or nearing retirement, we’ve got resources and tools to help you at any life stage.

Explore Life Stages

The reviews are in.

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

Average Rating

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

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

You can 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 accounts you have at other institutions
Submit a wire transfer request online
Call us to get a cashier's check

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How will I add money to my Interest Checking Account?

There are six ways to add money to your account:

Transfer money online between Ally Bank accounts and accounts you have at other institutions
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)

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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 1-877-247-2559 if you don't receive your debit card or checks within 10 business days.

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How long do online transfers take?

Online transfers between Ally Bank accounts are immediate.

Standard transfers between Ally Bank and non-Ally Bank accounts, requested before 1 am ET Monday – Friday, will take 3 business days.

Keep in mind, transfers between banks aren’t processed on weekends and federal holidays, so transfers take longer at those times.

Next-day Transfers

Transfers eligible for next-day delivery between Ally Bank and non-Ally Bank accounts, requested before 7:30pm ET Monday – Friday, will take 1 business day.

We determine eligibility for next-day transfers based on account tenure (so new accounts aren’t eligible), account activity, and transfer activity such as overdrafts and returns. To combat fraud, we are selective about when we offer next-day transfers.

You will not be charged a fee for standard or next-day transfers.

Learn more about transfers in our Transfers Tutorial.

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