Online checking accounts are an increasingly popular option because they are easy to open and convenient to use. While traditional banks tend to have online banking capabilities, there are advantages to using a bank created specifically for online services. An online bank's costs are substantially lower than their brick-and-mortar counterparts, and these savings can be passed on to customers in the form of great rates.

You can open an Ally Bank Interest Checking Account in about 10 minutes or less at You’ll need to input information, such as your name, date of birth, street address and social security number. You'll also need to fund your checking account. At Ally Bank, you can fund your account via:

  • online transfer from an account at another bank.
  • direct deposit from your employer's payroll system.
  • wire transfer using the federal Automated Clearing House system.
  • U.S. mail addressed to:
    Ally Bank
    P.O. Box 13625
    Philadelphia, PA 19101-3625

If you choose to fund your account via online transfer, you can continue to use the same account to make future transfers, and add other accounts that can be used for funds transfers from another Ally Bank account, from other banks or from a brokerage. After funding your account, the online bank will verify the outside account and complete the funds transfer. This transfer typically takes two days and then you can begin using your online checking account.

The Ally Bank Interest Checking Account pays interest at rates that are consistently among the most competitive available in the country and you won't pay monthly maintenance fees, period. You can access and manage your funds securely via text, browser, or app. You also can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.

Learn more at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

View Checking Account Interest Rates