Ally Bank Account Types, Credit Card and Customer Service

Ally Bank is a full-service online bank that offers low fees, competitive rates, no minimums and in all, no minimum, and 24/7 customer service.

This bank was founded in 2009, and it has its headquarters in Sandy, Utah.

Ally Bank

Ally Bank is sure the digital-only banking division of Ally Financial Inc and has roots dating back to the 1920s.

Just like other online banks, Ally is very much a great bank for consumers who find it so much comfortable banking from the comfort of their smartphone or even their desktop computer.

Together with savings, checkings, money market, and CD (certificate of deposit) accounts, the bank also offers auto loans, mortgages, personal loans, and investing, as well as retirement services.

Ally Bank Account types

Basically, Ally Bank has 4 types of accounts. They include:

  • Savings Account
  • Checking Accounts
  • Money Market Account
  • CD (Certificate of Deposits) Account

Savings Account

It’s true that so many online banks offer high rates on savings deposits and yes Ally Bank is not excluded!

All thanks to a low-interest-rate environment, you won’t get rich off the APY. However, generally, you will get a better rate than you would get at a traditional bank.

Ally Bank pays an APY of 0.50% on every balance on its online savings account, and this is more than 10 times the national average.

While there are no minimum balance requirements or monthly maintenance fees associated with this account, you are still limited to 6 transactions per statement cycle.

After that, the bank charges typically $10 for all extra transactions. However, because of the Covid-19, the bank is temporarily refunding the fee.

Customers can now make deposits through smartphones or by mail.

Checking accounts

Ally Bank offers only a single checking account. Its competitive Interest Checking account has got a tiered interest rate structure. And the yield depends on the minimum daily balance in customers’ accounts.

It has no monthly maintenance fees tied to the checking account.

Ally Bank is also part of the Allpoint Network. And that gives the bank checking account customers access to 55,000 in-network ATMs.

Also, the bank will reimburse close to $10 at the end of each statement cycle for fees charged at out-of-network ATMs.

Customers can as well deposit checks remotely via their phones and computers. Each of the checking accounts comes with free checks and a debit card as well.

Money Market Accounts

Ally Bank Money Market Account provides tiered interest rates that differ based on each of the consumer’s minimum daily balance. Not like the savings accounts, where free checks and a debit card are being provided with the money market account.

However, those looking at accessing an account through ATMs and also want to write checks might just want to go for Ally’s Money Market Account over its Saving Account.

CD Account

The CDs at Ally Bank come in 3 different flavors. The online bank provides high-yield CDs across multiple terms. Which is a couple of bump-up CDs as well as an 11 month no-penalty CD.

Moreover, there is no minimum deposit needed to open any of the CDs at Ally Bank.

Customers can easily qualify for the highest interest rate if rates increase within 10 days of opening and funding the accounts. Though, this depends on their balance amount as well as their CD term.

Ally Bank Credit Card

As of June 17, 2019, the Ally CashBack Credit Card is no longer accessible to the new applicants. However, existing cardmembers can still continue using the card as usual with no change to the features, terms, and benefits as well.

Ally Bank Login

Follow the steps below to Log in to the Bank:

  • On the Chrome browser, visit “https://www.ally.com/”.
  • On the next page displayed, click on “Log In” at the top right side of the page.
  • Once you click on “Log In”, select your account, then enter your username and your password.
    Once you are done, click on “Log In”.

Ally Bank Near Me

To locate the nearest Ally Bank close to you, follow the steps below:

  • Open Google Chrome.
  • In the search bar of Google Chrome, type in “https://www.ally.com/” and search.
  • On the page, scroll down to the footer and click on “ATM Locator” under “RESOURCES”.
  • On the next page displayed, enter your ” address or ZIP” then click on “Use Current Location”.

Customer Service

  • Open your favourite browser Google chrome for instance
  • In the search bar of Google Chrome, enter “https://www.ally.com/” and search.
  • Now that you are on the page, scroll down to the footer and click on “Contact” under “RESOURCES”.
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