Define how, when, and where your Ally Bank Debit Mastercard® is used.
Get more for your money.
Compare the cost of banking somewhere else.
What you should know.
Our Annual Percentage Yields (APYs) are accurate as of . 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 . 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.
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
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
Checks sent by U.S. mail (Please don't send cash)
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.
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.
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.
Overdrafts can happen, so we cover them up to $100 on checks and transfers, debit card purchases, and bill payments, fee-free. In most cases, you'll qualify for CoverDraft 30 days after you deposit a total of $100 into your Ally Bank Interest Checking account.
Keep in mind, CoverDraft isn't a line of credit. We can end CoverDraft service or suspend your right to use it at any time. We pay overdrafts at our discretion, and we don't guarantee coverage. We'll decline your transaction if we don't cover it.
We typically cover a total of $100 across 1 or more transactions, including:
Debit card purchases, including ones with cash back
Automatic payments, like monthly subscription fees or utility bills
Transfers you initiate at other institutions
The $100 coverage also includes checks written or transfers initiated before overdrawing your account.
CoverDraft isn't available for other types of transactions, such as:
Sending money using Zelle®
Withdrawing cash at an ATM
Initiating immediate internal transfers between Ally Bank accounts
Sending a wire transfer
Open an Ally Bank Interest Checking account in your name, and deposit a total of $100 into your account. In most cases, you'll qualify for CoverDraft 30 days after your total deposit of $100.
If we have your email address on file, we'll send you an email when CoverDraft is activated.
Keep in mind, CoverDraft isn't a line of credit. We can end CoverDraft service or suspend your right to use it at any time. These requirements apply to everyone who has an Interest Checking account with us.