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Ally Bank Spending Account

Banking with your best interest in mind, plus a $200 bonus.
Banking with your best interest in mind, plus a $200 bonus.

A checking account that allows you to get paid up to two days early and never worry about hidden fees.

use code GET200
Get Bonus
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How it works:

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Open your first Spending Account. 

Use code GET200 by Nov. 30, 2023. Make sure to fund your account within 30 days of opening it. 

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Set up one or more direct deposits.

Make sure they total at least $1,500 within 90 days.

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Get your $200.

We’ll send your bonus within 30 days of your account receiving $1,500 in qualified direct deposits.

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

Get Bonus Now

Our Spending Account is a checking account, but better.

You spend your life spending. It's time for a checking account that’s 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. 

  • 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. 

  • Debit card controls. Spend smarter with your Ally Bank Debit Mastercard®. Turn your card on and off, set spending limits and get real-time use notifications in our app. 

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:

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

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More than your financial ally.

When you choose Ally, you’re not just getting a new bank. You’re getting a better one. From our award-winning checking and savings accounts that help you unlock your financial potential to our relentless work to improve the financial well-being of communities that need it most, we’re all better off with an ally.

Award: Nerdwallet Best Of Awards 2023 Badge
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Award: Money #1 Online Bank In America Badge
Award: Fast Company Brands That Matter 2022


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 or earn APY. APYs are variable, subject to change, and are accurate as of . Fees may reduce earnings.