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Is Ally a good checking account?

What Ally checking costs and pays, read from the bank's own page. Use Compare below to see it next to another bank.

The facts: monthly fee $0, minimum to open $0, APY 0.10% APY under $15,000; 0.25% APY at $15,000 or more (APY field shows the top tier) (#6 of 9 interest-paying accounts we track).

Account

Spending Account (interest checking)

Minimum balance

$0

ATMs

75,000+ no-fee Allpoint/MoneyPass ATMs; up to $10 per statement cycle reimbursed for other ATMs

Overdraft

No overdraft fees (CoverDraft and Overdraft Transfer Service)

Source

bank page (2026-10-12)

Compare

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More rates

• CD rates
• Money market rates
• Checking accounts
• Savings rates
• Savings Index & rate history
• Am I overpaying?

FAQ

Does Ally checking have fees?

Monthly fee: $0; overdraft: No overdraft fees (CoverDraft and Overdraft Transfer Service) (per the bank's page, 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.