Ally Bank Spending Account

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.

Get Bonus

How it works:

Open your first Spending Account.

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

Set up one or more direct deposits.

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

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:
124003116
Direct deposit form:
Contact your employer for instructions. Use our form if needed.

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: Money #1 Online Bank In America Badge

Award: Fast Company Brands That Matter 2022

FAQs

New Ally Bank Spending Account opened using the promo code GET200.

Which means, all other Ally Bank account types are not eligible, including but not limited to Individual Retirement Accounts (IRAs), accounts owned by a trust, custodial accounts, Uniform Gift to Minors Act (UGMA) accounts, and Uniform Transfers to Minors Act (UTMA) accounts and other fiduciary accounts at Ally Bank or any other financial institution, aren't eligible for the Cash Bonus.
New Customers who open an Ally Bank Spending Account and meet all the requirements to earn the cash bonus will be eligible.

Notably for this offer, we are defining a New Customer as: someone with no current, nor within the last twelve (12) months, Ally Bank Spending Account(s) [formerly known as Ally Bank Interest Checking Account], at any ownership level, whether it be primary owner, joint/secondary owner, or fiduciary owner. Additionally, customers who received a cash bonus from Ally Bank within the last twelve months for setting up Qualifying Direct Deposit, regardless of account type, are not eligible for this bonus and not considered a New Customer.
Read and accept the terms and conditions . The terms and conditions contain all the applicable details, but in a nutshell, here are the key steps:
Open a new Ally Bank Spending Account using GET200 and fund your account with any amount within 30 days of account opening.

Set up a Qualifying Direct Deposit (QDD) and receive QDD payment(s) totaling a minimum of $1,500 within 90 days after opening your new Ally Bank Spending Account.

Keep your Ally Bank Spending Account open and in good standing until we deposit your $200 cash bonus, which will be within 30 days after you reach the $1,500 QDD minimum (as long as it’s within the 90-day period outlined in Step 2).
Your new Eligible Account must receive a minimum of $1,500 in Qualifying Direct Deposit (QDD) payments within 90 days to qualify for the cash bonus. But, it’s important that we note there is no minimum balance requirement for your account to remain open – so, even if you don’t meet the $1,500 QDD minimum to earn the bonus, your account will still remain open as long as it’s funded with any amount within 30 days after opening (and for clarity, trial deposit transactions don’t count)
If you’ve followed the eligibility requirements to earn the cash bonus, we’ll pay your bonus into your Ally Bank Spending Account within 30 days after you’ve received a minimum of $1,500 in Qualifying Direct Deposits in that account. Remember, you must keep your Ally Bank Spending Account open and in good standing at the time of the bonus payout to receive your bonus. You’ll be notified via email when you have received your cash bonus.
If you have a jointly held Eligible Account, only one account holder (which will be of our choosing) will receive the bonus for Qualifying Direct Deposits in the joint account. If all eligibility requirements are met, we will only pay one bonus per customer, and only one bonus will be paid per account (if more than one customer holds that account).
Your Qualifying Direct Deposit needs to be an electronic deposit from an employer payroll, payroll provider service, or benefits payer (such as Social Security or Military Pay) and must be clearly identifiable by Ally as such. Person to Person payments (such as Zelle®) are not considered a QDD. Electronic check deposits made via your device (eCheck) are not considered QDD.

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 XX/XX/XX . Fees may reduce earnings.