There are several ways you can add money to your accounts. You can transfer money from another bank or an Ally Bank account. We also offer Ally eCheck Deposit℠  to deposit checks. You can also send a wire transfer or mail checks to:

Ally Bank

P.O. Box 13625

Philadelphia, PA 19101-3625

Make sure checks are properly endorsed on the back with For Deposit Only and the signatures of all payees. Please don’t send cash.

You can also set up direct deposit with your employer. Direct Deposit (PDF)

You can make six withdrawals and transfers per statement cycle from your Online Savings Account. 

Federal law permits limiting certain types of withdrawals and transfers from savings accounts. There’s a $10 excessive transaction fee for each transaction that exceeds this limit. However, we’re temporarily refunding this fee to help those of you impacted by COVID-19.

You can withdraw money in 4 ways:

• Online funds transfer
  
• Outgoing wire transfer
• Telephone transfer
• Check request

Federal law permits limiting certain types of withdrawals and transfers from savings accounts to a combined total of 6 per statement cycle. These limited transactions include things like Online and Mobile Banking transfers, transfers from your account to any of your accounts with us, or to a third party.

There’s a $10 excessive transaction fee for each transaction that exceeds this limit. However, we’re temporarily refunding this fee to help those of you impacted by COVID-19.

Some transactions are unlimited. For example, you can make as many deposits as you like, and you can call us any time to request a check made out to you.

The main difference is the way you access your money. A money market account gives you more access because you can be issued a debit card and checks. An online savings account doesn't include checks or a debit card.

Discover more about our Online Savings and Money Market accounts. Also, find out how we can help you reach your financial goals when you're starting to save.