The cash bonus signup period has closed.
Already signed up?
If you opened a new Ally Bank Spending or Savings Account using offer code allyauto1, complete these steps to lock in your bonus.
Fund your new Spending or Savings account within 30 days. You must be an Ally Auto customer at the time of account opening.
Set up and receive at least one qualifying direct deposit within 60 days of opening your new account.
Keep your account open and in good standing and we'll deposit your $250 within 30 days of receiving your first direct deposit.
That's it. All you'll need to do after that is celebrate!
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.
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.
Log in to get started or find out more .
What to expect from our accounts.
Spending Account.
Our Spending Account is a better checking account. It's free from hidden fees and full of all the features you need.
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No minimum balance required and no maintenance fees.
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CoverDraftSM, your first line of defense against accidental overdrafts, is automatically included on eligible accounts.
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Get your paycheck up to two days earlier with early direct deposit.
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Free ATM withdrawals at over 43,000 Allpoint® ATMs in the U.S. Plus, get reimbursed up to $10 per statement cycle for fees charged at other ATMs nationwide.
Balances less than $15k:
% Annual Percentage Yield (APY)
Balances more than $15k:
% Annual Percentage Yield (APY)
Savings Account.
Our Savings Account helps your money work harder with a great rate and savings-boosting tools.
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Savings buckets that let you organize your money and visualize what you're saving for.
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Boosters and tools that put your savings on auto-pilot.
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A competitive rate that earns you more than 5x the national average.
On all balance tiers:
% Annual Percentage Yield (APY)
No minimum balance is required to open an Ally Bank Spending or Savings Account. Annual Percentage Yield (APY) is subject to change, and is accurate as of . Fees may reduce earnings.
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.
Savings buckets and boosters are features of the Ally Bank Savings Account.
The rate for our Savings Account is more than 5x the national average of 0.46%, based on the national average of savings account rates published in the FDIC Monthly National Rates and Rate Caps, accurate as of 12/18/2023.
Deposit products are offered by Ally Bank, Member FDIC
For more details, check out our terms and conditions (PDF). Deadlines are subject to change.