Ally Bank has no store locations for in-person customer assistance. Savings Account. No maintenance fees or minimums: Some banks charge monthly maintenance fees or require you to have a certain balance to avoid them. … Because they operate solely online, there are no Ally Bank branches to visit, but this allows for higher rates than with traditional banks. Ally operates entirely online, so you won’t be able to visit a branch. If you make an overdraft, you’ll pay a $25 fee each day that you’re in overdraft. But contact customer service to see if it’s waived … The one “gotcha” with Ally Bank has to do with its overdraft fees. These fees … Its APYs are competitive; its fees are minimal; and it has great customer service. Eligibility . In addition, Ally promises no fees for standard or expedited ACH transfers, copies of online statements, incoming wires, postage-paid deposit envelopes or official/cashier’s checks. See how Ally's checking account compares to the best free checking accounts. Some of the online-only competitors listed below don’t offer checking accounts, and some of their cards are for use at ATMs only — no debit purchases. There’s a $25 fee for an overdraft item paid or overdraft item returned. Currently, Ally Bank offers a top notch on all savings accounts. It's hard to go wrong with an Ally High Yield CD. Over transaction limit fee. Ally Bank, however, is very open about the fees associated with its Interest Checking Account. None have a minimum balance requirement or monthly fee. Ally Bank is one of the best-known online banks for good reason. Skip to login Skip to main content. Ally Bank won’t charge you a fee when you use another bank’s ATM and they will automatically reimburse the other bank’s fees of up to $10 each statement cycle. The returned deposit item fee is $7.50. Not so with Ally. Ally doesn't charge monthly fees. Ally Bank doesn’t charge for monthly maintenance, but it does have other fees. Ally Invest is a part of the online banking giant Ally Bank. … Fair. Ally Bank prides itself on its lack of monthly maintenance fees. Read the U.S. News lender ratings methodology. Ally Invest IRA Fees For 2021 Ally Bank Roth IRA Fees, Traditional IRA, Rollover IRA, SEP IRA, 401K individual retirement accounts annual, opening/closing, transfer out fees charged. Ally Bank Fees. However, Ally does have some fees and is transparent about those upon account signup. Ally Bank is an internet-only bank based in Utah and offers a wide variety of deposit accounts, as well as auto financing services. 4 out of 5. Excessive transactions that go over the six withdrawals a month limit cost $10 per transaction. To take advantage of Ally’s corporate loans and financing services call or online chat with an account representative for more information. Ally is an online-only bank with great rates on savings and CDs. Learn more about Ally Bank’s fees (including a 1% currency conversion fee) here. 4 out of 5. Like most savings accounts, there’s a limit of 6 withdrawals per statement cycle, but using our tools won’t count … In this article, we will be comparing the two investments. Ally Bank CD review. There is no minimum balance required to open a checking account or savings account with Ally. Loan Amount Up to $4,000,000 Credit Needed. Fewer ATMs. No debit card for savings accounts. Overdraft fees contributed some $12bn to US banks’ revenue in 2019, according to data from S&P Market Intelligence. There’s also an expedited delivery fee of $15, an outgoing domestic wires fee of … Ally Bank exceeded 1 million Ally Bank customer accounts in 2012 and had around 2 million customers, according to its 2019 annual report. ... Fees: Some banks charge minimum balance fees. Ally Bank’s ATM network and fees. 4.6 out of 5. 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