How CoverDraft Fits Into Your Money Management Toolbox
When it comes to managing your money, a diverse toolkit can make all the difference in staying on track and reaching your goals. If you bank with Ally, our Buckets and Boosters (features of Ally Bank’s Online Savings Account), along with other banking features like Overdraft Transfer Service and CoverDraftSM— all work together to help […]
What is Overdraft Protection
Picture this: You recently made a commitment to yourself to exercise more. However, the closest gym to your house is 25 minutes away and you’re not really enthused about making that drive every day, so you decide to buy some workout equipment to burn those calories at home instead. You check an online marketplace and […]
Introducing CoverDraft — Take the Stress Out of Accidental Overspending
It can happen— you buy tickets for that important trip home only to forget about the automatic bill payment scheduled for the same day, and now your account is in the red. Whether it’s a one-time high-ticket item, an emergency, or simply the month getting away from you, a well-intentioned purchase can quickly become a […]
What Are Overdraft Fees? And How Can You Avoid Them?
Let’s say you’re eyeing a $500 couch, but you only have $400 in your checking account. What happens when you swipe your debit card? You may still be able to make the purchase. But there’s a catch: You could incur an overdraft fee. What Is an Overdraft Fee? If you attempt to spend more […]
Free Checking and Interest Checking: What Do They Mean?
Being smart with your money means avoiding unnecessary fees. So, it makes sense to look for a checking account that doesn’t nickel and dime you for standard services — and even better, one that actually pays you interest on your balance. But does that mean you have to choose between an account with fewer fees […]
6 Benefits of Online Checking Accounts
You can’t remember the last time you had actual cash in your wallet, let alone a paper checkbook. And digital wallet apps make sending and receiving money as easy as a swipe on your phone. So, do you still need a checking account these days? The answer is: yes. Checking accounts remain a personal banking […]
6 Ways to Avoid Checking Account Fees
Of all the banking pet peeves people have, one of the biggest has to be paying fees. From overdraft fees to ATM fees to maintenance fees, no one wants to shell out money when they don’t have to. Take a close look at your last few bank statements and see what you paid in extra […]
Open a Checking Account Online in 3 Simple Steps
Checking accounts give you the most flexible access to your funds of any deposit account. That means you can use a checking account to pay bills, make transfers, conduct debit card transactions, and more. But did you know you can open a checking account online in just a few minutes? Here’s how in three simple […]
How Do Interest-Bearing Checking Accounts Work?
You know the trusty sidekick every superhero has? The one who does all the work and gets none of the glory? Chances are, that’s how your checking account functions in your personal banking strategy. But what if we told you there’s a way to earn interest without all the transaction limitations that come with savings […]
Explore Your Options: Compare Checking, Savings, and Money Market Accounts
You have a lot of options when it comes to managing your everyday banking needs. And while you likely know a bit about them, a side-by-side comparison of the most common types of accounts may help you choose which ones are best for you. Checking, savings, and money market accounts have some similarities, but their […]
