Ally Bank Spending Account
A $200 cash bonus just for you.
Our Spending Account is a checking account, but better. Choose us as your banking ally to get one of the best perks of being an Ally Auto customer: a cash bonus on us.
Use code allyauto200.
How it works:
Open a new Ally Bank Spending Account.
Use code allyauto200 by September 15, 2025. You must be an Ally Auto customer at the time you open the account. Make sure to put any amount of money in your account within 30 days, otherwise the account will automatically close.
Set up a qualifying direct deposit of at least $2,000 a month for three consecutive months.
Your first monthly qualifying direct deposit must post to your Spending Account within 60 days of when you open the account.
Get your $200.
Keep your Spending Account open and in good standing, and we’ll deposit your bonus within 30 days of you making the third consecutive monthly qualifying direct deposit.
Only Ally Auto customers selected to participate in this offer and notified via email directly from Ally Bank are eligible to participate. For all the details, check our terms and conditions (PDF).
Everything you want from a checking account and more.
Our Spending Account is free from hidden fees — but full of all the features you need like standard free checks and easy online banking.
-
Early direct deposit. Payday becomes YAY-day when you can get paid up to two days sooner.
-
No fees. No minimums. Keep more of your money with no minimum balances, no hidden fees and no overdraft fees, ever.
-
Freedom from ATM fees. Enjoy free ATM withdrawals at more than 75,000+ Allpoint® and MoneyPass® ATMs in the U.S. Plus, get reimbursed up to $10 per statement cycle for fees charged at other ATMs nationwide.
-
Overdraft protection with CoverDraftSM. Get a fee-free temporary safety net of up to $250 when you accidentally overspend.
-
Organize your spending with buckets. Use buckets for spending categories — like car maintenance — so you can see where your money is going and get the true picture of how much you have available to spend.
Balances less than $15K:
% Annual Percentage Yield (APY)
Balances more than $15K:
% Annual Percentage Yield (APY)
No minimum balance is required to open an Ally Bank Spending Account. Annual Percentage Yield (APY) is subject to change, and is accurate as of . Fees may reduce earnings.
Set up direct deposit automatically.
We made it faster and easier to set up direct deposit, and most payment providers are eligible. Here’s how to do it for your Spending Account and get paid up to two days sooner with early direct deposit.
Log in to go to our direct deposit page . Then select your Spending Account.
Choose Set Up Automatically to digitally connect with your employer or payment provider.
Follow a few simple steps and you're done.
Direct deposit the paper way.
Using forms is easy too. Just head to our direct deposit page to download our pre-filled form to give to your employer or fill out a blank one yourself. And don’t worry about hunting for account and routing numbers — we’ll give you all the info you need right on our direct deposit setup page.
Ready for that cash bonus?
Deposit products are offered by Ally Bank, Member FDIC .
For more details, check out our terms and conditions (PDF). Deadlines are subject to change.
Spending buckets are a feature of the Ally Bank Spending 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.