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Ally Bank
Ally is one of the strongest full-service online banks for customers who want no monthly maintenance fees, a competitive variable savings rate, useful savings buckets, 75,000+ fee-free ATMs, up to $10 per statement cycle in domestic out-of-network ATM-fee reimbursement, and 24/7 phone support. It has no branches, and cash can be added only to Spending through an app-generated barcode at Walmart rather than at an ATM.
What to know about Ally Bank
Ally is one of the strongest full-service online banks for customers who want no monthly maintenance fees, a competitive variable savings rate, useful savings buckets, 75,000+ fee-free ATMs, up to $10 per statement cycle in domestic out-of-network ATM-fee reimbursement, and 24/7 phone support. It has no branches, and cash can be added only to Spending through an app-generated barcode at Walmart rather than at an ATM.
Pros
- No monthly maintenance fees or minimum balance on core accounts
- Savings buckets, boosters, and recurring automation
- 75,000+ fee-free ATMs plus 24/7 phone support
Cons
- No branches or ATM cash deposits
- Walmart cash deposits are limited to five transactions per month
- Variable savings APY may not always lead the market
Scoring breakdown
- Fees4.9/5
- APY4.5/5
- Digital Experience4.6/5
- Access & ATM Network4.5/5
- Customer Service4.5/5
Verified product facts
- Monthly Fee
- $0 monthly maintenance fee and $0 minimum opening deposit for Ally Savings
- APY
- Competitive variable APY shown on Ally’s live rates page; no minimum balance to earn it
- Deposit Insurance
- Ally Bank deposits are FDIC-insured within ownership-category limits
Where Ally Bank ranks
Every DollarScout ranking that includes Ally Bank.
Ally Bank reviews
Ally Bank comparisons
Head-to-head matchups featuring Ally Bank.
Fact-checked July 18, 2026. Sources: Ally Bank Savings Account product page, Ally live savings and money market rates, Ally ATM and withdrawal help, Ally deposits, cash limits, and FDIC help, Ally account information and 24/7 support, Ally Bank deposit agreement, Ally ATM and cash-back locator.