Interest Checking Account

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

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.

CoverDraft acts as a safety net, so should you overdraft your account, 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 your checking account.

Keep in mind

CoverDraft isn't a line of credit or a guarantee. If your purchase isn't covered for any reason (let's say 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

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)

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.

You'll need a checking account with us, and you'll have to wait 30 days after you've deposited a total of $100 into that account.

We'll send you an email when we activate CoverDraft on your 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

• 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

We'll decline some transactions that would overdraft your account, including:

• Zelle® payments
• ATM withdrawals
• Immediate internal transfers between Ally Bank or Invest accounts
• Wire transfers