Ally Bank is a one-stop shop for online-only banking customers from coast to coast.
Ally is a robust online bank with an array of deposit products, loans and services.
The bank offers low-fee deposit accounts with no monthly maintenance fees or minimum balance requirements.
Pays higher yields on CDs and savings accounts than traditional brick-and-mortar banks.
Ally Bank lets customers access more than 43,000 ATMs through the Allpoint network.
Ally Bank has no branches, but retail bank customers can speak with a representative over the phone 24/7. Customers can also tell how long the phone wait will be on Ally’s website. They can also use the live chat feature online.
The Ally Bank mobile app has a high rating of 4.7 on iOS and a 4.1 rating on Google Play. One feature helps uses to get into the habit of saving, by analyzing customers’ checking accounts and automatically moving money into their savings when its algorithms determine it’s safe to do so.
Ally Bank is an online bank that grew out of the banking division of General Motors Acceptance Corp. (GMAC), which was originally an auto financing company. In 2009, GMAC Bank became Ally Bank.
Today, the bank offers consumers nationwide a wide range of products, including credit cards, home loans, money market accounts, investment products, certificates of deposit, checking accounts and savings accounts. The bank’s holding company, Ally Financial, is a leading financial services provider with headquarters in Detroit. It serves millions of retail customers and thousands of automotive dealers.