Interest Checking Account

We offer rates that are consistently competitive.

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Our Annual Percentage Yields (APYs) are accurate as of 02/23/2019. Keep in mind, these rates are variable and may change after the account is opened. Fees may reduce earnings.

The APYs for other banks are provided by mybanktracker.com and are accurate as of 02/22/2019. The APYs in this table are for the state of California.

Everyday services and transactions are free with Ally Bank:

We're an online bank, which means we don’t have physical bank locations. By eliminating the costs associated with traditional brick-and-mortar banks, we can offer great rates and outstanding customer care.

With Ally Bank, you get everything you expect from a traditional bank and more:

• Peace of mind. No hidden fees. No maintenance fees. No minimum balance required
• Make deposits. Deposit checks with Ally eCheck Deposit℠ or ACH transfers
• Move money. Transfer funds between your Ally Bank accounts or accounts at other institutions – you can also use Zelle^® to pay friends and family with a bank account in the U.S. using an email address or U.S. mobile number.
• Get cash. Use any Allpoint ATM in the U.S. for free, plus we'll reimburse up to $10 per statement cycle for fees charged at other ATMs nationwide. Find an ATM
• Keep track. Access your account anytime, anywhere with online and mobile banking
• Pay bills. Set up one-time or recurring payments, paid directly from your checking account

Learn more about the benefits and conveniences of Ally Bank.

Average rating 4.4

• 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 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 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 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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Still have questions? Visit our Help Center.