If you are more comfortable banking at a place that has branches, you'll want to consider other options. We compared Ally to two other online banks with competitive savings and CD rates.Īlly and Marcus are both online-only financial institutions. In general, we also look at customer service and ethics. We'll consider factors like investment selection for investment for a brokerage account, and loan types for mortgages. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, as well as its overdraft protection options. We also compare and contrast the features and fine print of various products to help determine if the account may be right for you.įor example, we'll look at early withdrawal penalties and CD variety specifically for CDs. At Personal Finance Insider, we rate products on a scale from zero to five stars. Methodology: How We Reviewed Ally Bankįor our Ally Bank review, we rated bank products and services using our editorial standards. You won't have to worry about keeping a specific daily balance to waive monthly service fees. Ally Bank FAQsĪlly doesn't have minimum balance requirements. It also checks whether a business is honest in its advertising and transparent about how it conducts business.Īlly doesn't have any recent public scandals. The BBB looks at how a company responds to customer complaints. The highest possible grade is an A+ but Ally has an A because it has three unresolved complaints on the BBB website. Your money is FDIC insured for up to $250,000, or $500,000 if you have a joint account.Īlly received an A rating from the Better Business Bureau. Live customer service is available 24/7, both by phone and online chat. The Ally mobile app has received 4.7 out of 5 stars in the Apple store, and 3.9 out of 5 stars in the Google Play store. If you use an out-of-network ATM and the ATM provider charges a fee, then Ally will reimburse up to $10 per month. It's part of the Allpoint ATM network, so you have free access to over 43,000 Allpoint ATMs around the US. In addition to the offerings listed above, Ally also has credit cards and loans for medical treatments.Īlly is an online-only bank, but it has physical ATMs. See Insider's Ally Invest Review> About Ally BankĪlly offers a wide range of products. It also has a robot portfolio with zero advisory fees and a $100 account minimum balance. It has commission-free stock and ETF trades. Ally Invest stands out because it's a low-fee investment platform. Read Our Review A looong arrow, pointing rightĪlly is featured in our guide for the best online brokerages for beginners as the best bank account and brokerage combo.
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