Ally Bank Review

Check it out right now with more details about Ally Bank: fees, interest rates, and much more.

Founded in 2009, Ally Bank is an online bank that offers more flexibility. The bank provides finance services for customers, commercial, and corporate customers primarily.

Plus, Ally Bank has the best rates and low fees and is becoming very popular in America.

On Ally Bank’s website

How does it work?

It works as an online bank that offers a bunch of financial services which includes savings accounts, checking accounts, loans, auto loans, and investment options.

Furthermore, it has no minimum balance requirements, competitive APYs, and one of the highlights its strong online and mobile management tools.

How much do you need to open an Ally Bank account?

This is an interest-bearing account, so there is no minimum deposit or balance required.

Does it have interest rates?

• APY: 2.00%

Does it have fees?

• Monthly Maintenance Fee: $0.
• Returned Deposit: $7.50
• Overdraft: $0.
• Same Day/Overnight Bill Pay: $9.95 same day; $14.95 overnight mail delivery.
• Outgoing Domestic Wires: $20.

What are the requirements to open an Ally Bank account?

There are some requirements to open an Ally Bank account:

• You must be 18 years old;
• You must have a Social Security number;
• You must be a citizen or a legal permanent resident of the U.S.

How to apply for it?

It is simple to apply for a card. You will have to access the customer finance service’s website and fill an application, informing the following information:

• Personal information: Name, birth of date, nationality, email address, phone number, etc.
• Contact information: Phone number and current address.
• Finance information: Annual personal income, your employment status, employer contact details, etc.

How to open an Ally bank account?

It takes a few minutes to open an Ally Bank account. First of all, you will have to pick the account type.

After that, you need to fill a form with some personal information: Full name, email address, phone number, security number, residential street address, transfer information, etc.

Then, then your bank account will be created.

Frequently asked questions:

Does Ally Bank check your credit to open an account?

Yes, it does. Ally Bank check your credit information and verify your identity. Ally verifies all your information to protect you from online fraud.

Is Ally a safe bank?

Yes, it is. Your money is safe with Ally Bank because it is FDIC-insured.

How do you deposit cash with Ally Bank?

Ally does not accept cash deposits. It is possible deposit funds in other ways, as such: online transfers, direct deposit, mobile check deposit, etc.