Ally Bank

Spending Account

Make everyday banking count.

Annual Percentage Yield

^% Less than $15,000 minimum daily balance

Everything you expect from a checking account, and then some.

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

visual snapshot of the Ally Snapshot dashboard with a Spending Buckets tab visible

Go fee-free with no monthly maintenance or overdraft fees
Access 43,000+ no-fee Allpoint® ATMs ; we reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide
Stop guessing and stay ahead of expenses with spending buckets
Get paid up to 2 days sooner with early direct deposit
Protect against accidental overspending with a double line of defense using Overdraft Transfer Service and CoverDraft℠ service

Learn More About Banking with Us

The cash is in the bag (or bucket).

Like digital envelopes, spending buckets set money aside for ongoing expenses like rent and groceries.

Similar to our popular savings buckets , they give you a clearer picture of your spending habits – and an opportunity to create better ones.

Our Spending Account is made for wherever you are.

Your money, FDIC-insured.

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

Learn more

Manage your debit card.

Lock, set notifications, and limit your spending within our mobile app.

Deposit checks remotely with Ally eCheck Deposit^SM.

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

Send and receive money – no extra app needed.

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

Fees, a short story.

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

There's a lot we don't charge for

Monthly maintenance fees
Overdraft item fees
Low daily balance fees
Standard or expedited ACH transfers
Incoming wires (domestic and international)
Official/cashier's checks

...and we won't hide the fees we do have.

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 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/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.

A tier is a range of account balances.

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)

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.

The faster you fund, the sooner you’ll earn interest. No minimum deposit required.

Enjoy our award-winning experience.

Start exploring (and enjoying) everything we have to offer.

Open New Account

The reviews are in.

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

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FAQs

We have answers.

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
You don’t need multiple bank accounts and spreadsheets to manage your spending—we created spending buckets to help you reserve money within your Spending Account for anything you have coming up. The best part: you can add businesses to your buckets, and we’ll automatically take money out as you spend, helping you stay organized.

Plus, they’re totally free to use.
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.
- 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
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
Using the web or your mobile device, you can access your account, make payments, or move money at any time. 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 a cashier’s check, at no charge.
There are five 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)

Still have questions? Visit our Help Center.

Spending Account

Annual Percentage Yield

Everything you expect from a checking account, and then some.

The cash is in the bag (or bucket).