Online banking has become very popular for many reasons, but mainly for the convenient access and no-hassle account management. Using online banking, you can check your accounts anywhere, anytime there is an Internet connection. You can easily access your money to transfer funds online, and with some online banks — including Ally Bank — you can speak with a customer care associate 24/7.
In addition to the numerous benefits of using online banking, online banks generally offer better interest rates for savings accounts, CDs and even checking accounts. If your online bank is FDIC insured, you also benefit from the same high level of security you would find at a traditional brick-and-mortar bank that is FDIC insured. Plus, there's not much difference in how you access your money, which is still as easy using a check card or logging in to your account online.
You can access your money online by transferring funds between accounts. Online banking makes it simple to move funds from one account to another. You can transfer money from a savings to a checking account in just a few clicks online. Funds from your account can even be moved to PayPal.
Another way to access your money is to use a check card, which most banks, including Ally Bank, issue for making purchases and payments. With Ally Bank, your card will usually arrive within 10 business days of your opening deposit. You can visit a local ATM or get cash back from purchases at retailers that allow it.
If you are worried about paying ATM fees, check your bank's policy. At Ally Bank, there are no ATM fees and we'll even reimburse you the ATM fees charged by other banks nationwide.
Online accounts are no more difficult to manage than regular bank accounts when it comes to accessing your money. Between checks, check cards, debit cards and money transfers, you can access your money when you need it. With their convenience, accessibility, security and competitive interest rates, online banks like Ally Bank are a great option for managing your finances. Get started by visiting Allybank.com today, or call live, 24/7 customer care at 877-247-ALLY (2559) today.