Ally Bank

See all the benefits of this online bank, keep reading to learn more about it

Ally Bank has been becoming a popular choice for those who are looking for a bank that offers great customer support and doesn’t need to deposit cash or access it in-person.

It offers full-service online banking and has one of the best checking and savings accounts with competitive rates and low fees.

See below for more information.

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Main benefits

• No foreign transaction fee;
• No interest charges;
• No annual fee;
• Security/fraud protections;
• No minimum-security deposit required;
• No credit check to apply;
• Help increase credit score by an average of 30 points.

More about this online bank:

• Number of branches:
• Number of ATMs: 43,000.
• Interest on checking: 00% APY.
• Interest on saving: up to 0.25% APY.
• Pros

• Great savings tools and features;
• Large fee-free ATM network;
• Competitive APYs.
• Cons

• No way to deposit cash;
• No branches available;
• Many complaints about long check-clearing policies.

Is Ally the best online bank?

Probably. This card is for people who don’t mind paying for a high annual fee, although it provides a bunch of rewards, so you will have to get the maximum possible rewards you can, so you can make up for the $250 annual fee. So, it is important considering the fee that you will have to pay every year.

Is Ally Bank right for you?

Ally Bank is a good choice for you if you want a bank that offers a wide variety of banking products, as such: loans, investment products, deposit accounts, etc.

In addition, Ally Bank has high interest and minimal fees and offers more flexibility as you can manage your money completely online.

Is it worth keeping it?

Yes, it is. Ally Bank offers the best competitive rates and minimal fees. Thus, the bank has easy access to customer support and one of the best advantages is that customers do not need to deposit cash or access in-person services.