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.
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.
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)
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.