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The main difference is in how you access your money. A money market account gives you more access because you can be issued a debit card and checks for these accounts. An online savings account does not support the use of checks and does not come with a debit card.

It's important to note that there are Federal limits on transactions from U.S. savings and money market accounts.

You can always call us and request a check made out to you. You can also make unlimited deposits and ATM withdrawals. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.

You can withdraw money in 4 ways:

• Online funds transfer
• Outgoing wire transfer
• Telephone transfer
• Check request

You should know that there are a few guidelines to these transactions:

You can always call us and request a check made out to you. You can also make unlimited deposits. But, Federal law limits other electronic, telephone and check transactions to a total of 6 per statement cycle. These limited transactions can be to other accounts or to a third party. If you go over the limit we charge $10 per transaction.

You can make six withdrawals and transfers per statement cycle from your Online Savings Account. The limit is set by federal law for electronic and telephone transactions from all U.S. savings and money market accounts. Please remember, you will be charged a $10 fee for each transaction that exceeds this limit.

You can withdraw money by online electronic funds transfer, telephone transfer, check, check card point-of-sale transactions, and ATM machine.

Please remember that federal law limits the number of most electronic, telephone and check transactions from all U.S. money market accounts to six per statement cycle. We charge $10 for each transaction over 6 per statement cycle. If you exceed this limit on more than an occasional basis, we may be required to close your Money Market Account.

Fortunately, ATM withdrawals are unlimited. To find a nearby ATM, use the Ally ATM & Cash Locator.

Federal law limits the number of withdrawals and transfers you may make from your Money Market Account during each statement cycle. You can make up to six withdrawal transactions – including electronic fund transfers and telephone transfers, checks, and debit card purchases – per statement cycle. Each transfer or payment from your Money Market Account is counted as one of the six limited transfers. You will be charged a $10 fee for each transaction that exceeds this limit. Fortunately, ATM withdrawals are unlimited.