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Ally vs American Express checking

Ally and American Express checking side by side: fees, minimums, interest, ATMs and overdraft.

APY

Ally: 0.10% APY under $15,000; 0.25% APY at $15,000 or more (APY field shows the top tier)
American Express: 1.00% APY, no minimum balance to earn

Monthly fee

Ally: $0
American Express: $0

Min to open

Ally: $0
American Express: $0

Min balance

Ally: $0
American Express: $0

ATMs

Ally: 75,000+ no-fee Allpoint/MoneyPass ATMs; up to $10 per statement cycle reimbursed for other ATMs
American Express: No fee at Allpoint and MoneyPass ATMs in the U.S.

Overdraft

Ally: No overdraft fees (CoverDraft and Overdraft Transfer Service)
American Express: not found

Sources: Ally, American Express (2026-10-12).

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FAQ

Which pays more interest on checking, Ally or American Express?

American Express has the higher stated top-tier APY as of 2026-10-12.

Where do these rates come from?

Each rate is read from the bank's own public page on the date shown and linked. Rates change often: confirm on the bank's site before opening. Not financial advice.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.