Ally customers can open an interest-bearing checking account that comes with free checks and a MasterCard debit card. It doesn't require a minimum balance to open, nor does it charge a monthly or annual maintenance fee. However, like all other Ally accounts, you can't make deposits in physical cash.
No monthly maintenance fees or minimum balance requirements. Keep in mind, with this type of account there's a limit of 6 withdrawals per statement cycle.
For example, both Ally Bank and Capital One offer free checking and savings accounts with no minimum balance to open an account (and no ongoing minimums either). 12 Opening an account is easy, and you'll likely earn more on your savings than you would get from the average bank.
Ally consistently offers competitive interest rates, landing them among the best online banks, including being recognized among the best online savings accounts, best CD rates, and best money market accounts. Ally Bank ranked fifth on J.D. Power's 2020 U.S. Direct Banking Satisfaction Study, right behind Capital One.
What is the minimum deposit for opening an account? It's always $0 to open. There are also no monthly service fees.
It costs nothing in monthly fees and requires no minimum deposit to open the account. This account is a strong choice for people who use ATMs on a regular basis. Not only does Ally Bank charge $0.00 on non-network ATM usage, it also reimburses up to $10 each month for any fees charged by other ATM operators.
1. Choose a Bank or Credit Union with $0 Deposit Req's
Re: Ally Bank denied my account application
There is a possibility that you may have entered something incorrectly during the online account opening process.
It's easy, free and secure.
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