Ally Bank Interest Checking Account Review | NerdWallet
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Interest Checking Account from Ally Bank

Account Details

Account Benefits
  • All out of network ATM fees waived
  • Account pays some interest
Monthly Fee
  • $0.00
All Other Fees
  • Out of network ATM: $0.00
  • Overdraft/NSF: $9.00
  • Paper statements: $0.00
  • Stop payment: $15.00
  • Returned deposited item: $7.50
  • Early closure: $0.00
  • Out of network ATM: All third-party surcharges are reimbursed

Editor's Review

Author: Tony Armstrong
Ally Interest Checking Account
Pros Cons
  • 0.60% annual percentage yield (APY) on deposits of $15,000 or more, and 0.10% APY on balances under $15,000
  • No monthly maintenance fee or minimum balance requirement
  • Top-notch mobile app
  • Free access to 43,000 Allpoint ATMs
  • Unlike its mobile app, Ally's homepage feels somewhat cluttered
  • No branch locations - customers looking for in-person assistance will have to bank elsewhere


Ally's Interest Checking Account comes with solid rates, no service fees and access to a stellar mobile app, making it one of the best online checking accounts on the market.

For more information, check out our full Ally Bank review.