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.
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:
Immediate internal transfers between Ally Bank or Invest accounts
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.
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.