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Get your $200 cash bonus.

Set up qualifying direct deposits in your first Ally Bank Spending Account.

Use code GET200.

Get Bonus

How it works.

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Open your first Spending Account. 

Use code GET200 by August 7, 2025.

Add money to your account within 30 days of opening or it will close.  

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Set up qualifying direct deposits of at least $2,000 a month for three consecutive months. 

Your first monthly qualifying direct deposit(s) totaling at least $2,000 must post to your Spending Account within 60 days of when you open the account.

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Get your $200.

We’ll pay your bonus within 30 days of you making the third consecutive monthly qualifying direct deposit(s).

Make sure to keep your Spending Account open and in good standing in order to receive it. 

Limited time only. For more details, check out our terms and conditions (PDF).

Our Spending Account is a checking account, but better. 

You spend your life spending. Switch to a checking account that’s packed with tools and features that make managing your money a breeze.

  • No hidden fees. No minimums. Keep more of your money with no minimum balances, no hidden fees and no overdraft fees, ever.

  • ATM fee reimbursement. Not around a no-fee ATM? Receive up to $10 per statement cycle for fees charged at ATMs nationwide.

  • 24/7 support. Call, chat or email us any time. A real person is always available to help, day or night.

  • Serious security. Enjoy the peace of mind that comes with your money being FDIC-insured up to the maximum allowed by law.

  • Sort your spending with buckets. Use buckets to see where your money is going and get the true picture of how much you have available to spend.

  • Early direct deposit. Get paid up to two days sooner and start your weekend early.

Balances less than $15K: 

%

Annual Percentage Yield (APY) 

Balances more than $15K: 

%

Annual Percentage Yield (APY) 

Direct deposit. Direct happiness.

A direct deposit lets you receive a regular payment — like your paycheck or a portion of it — directly into your bank account. Once your account is open, it's easy to set one up. 

What you’ll need. 

  • Your account number.
    Find it by logging in to your newly opened Ally Bank Spending Account.

  • Our routing number:
    124003116 

  • Direct deposit form: 
    Contact your employer for instructions. Use our
    form if needed. 

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QR code to download Ally mobile app

Experience convenience with the Ally app.

Open an account, make payments, view recent transactions and more — all on the go. Visit your app store to download today.

FAQs

Deposit products are offered by Ally Bank, Member FDIC.

For more details, check out our terms and conditions (PDF). Deadlines are subject to change. 


The Ally Bank Spending Account has an Annual Percentage Yield (APY) of 0.10%, with a minimum daily balance of less than $15,000 and a 0.25% APY with a $15,000 minimum daily balance. No minimum balance is required to open. APYs are variable, subject to change, and are accurate as of . Fees may reduce earnings.