Ally Bank is the most comprehensive online bank in the US — offering savings, checking, CDs, money market, and investing with no monthly fees, no overdraft fees, and a savings APY (3.00% as of September 2026, verified at ally.com — confirm current rate). The routing number is 124003116 for all states. Customer service is available 24/7 at 1-877-247-2559.
Ally Bank at a Glance
| Feature | Details |
|---|---|
| Savings APY | 3.00% (verified ally.com, Sept. 2026; confirm current rate) |
| Checking APY | 0.10%–0.25% |
| Money Market APY | Confirm current rate at ally.com |
| CD rates | ~2.70%-4.15% (verified ally.com, Sept. 2026; varies by term, confirm current rate) |
| Monthly fees | $0 (all accounts) |
| Minimum balance | $0 (all accounts) |
| ATM network | 43,000+ fee-free Allpoint ATMs |
| ATM rebates | Up to $10/month (out-of-network) |
| Daily ATM limit | $1,000 |
| Zelle limit | Not publicly disclosed — confirm in Ally app |
| Routing number | 124003116 (all states) |
| SWIFT code | CHASUS33 |
| Customer service | 24/7 — 1-877-247-2559 |
| Physical branches | None |
| FDIC insured | Yes ($250,000 per depositor) |
All Ally Bank Guides
Account Options
| Account | APY | Monthly Fee | Best For |
|---|---|---|---|
| High-Yield Savings | 3.00% (verified ally.com, Sept. 2026) | $0 | Primary savings, emergency fund |
| Interest Checking | 0.10%–0.25% | $0 | Everyday spending with no fees |
| Money Market | Confirm current rate | $0 | Higher-rate savings with check writing |
| High Yield CD | ~2.70%-4.15% (verified ally.com, Sept. 2026) | $0 | Locking in a fixed rate |
| No Penalty CD | Confirm current rate (11-month) | $0 | Flexibility with CD rates |
| Raise Your Rate CD | Competitive | $0 | Protection if rates rise |
Ally’s standout savings feature is Buckets — virtual sub-accounts that let you label and track separate savings goals (emergency fund, vacation, car) within a single account without opening multiple accounts.
Fees
| Fee Type | Amount | Notes |
|---|---|---|
| Monthly maintenance | $0 | Never charged |
| Overdraft fee | $0 | Eliminated entirely |
| Minimum balance fee | $0 | No minimum required |
| ATM fee reimbursement | Up to $10/month | Reimburses other banks’ charges |
| Foreign transaction (debit) | 0% | No fee on international purchases |
| Wire transfer (outgoing domestic) | $20 | Lower than traditional banks ($30) |
| Wire transfer (incoming) | $0 | Free |
| Stop payment | $15 | — |
Ally’s CoverDraft covers checking overdrafts up to $100–$250 for qualifying customers with no fee. If you don’t qualify, the transaction declines — no penalty. Full schedule: Ally Bank Fees 2026
Limits
ATM and Transfer
| Method | Daily Limit | Monthly Limit | Speed |
|---|---|---|---|
| ATM withdrawal | $1,000 | — | Immediate |
| Zelle | Not publicly disclosed | Not publicly disclosed | Minutes |
| ACH (external) | Not publicly disclosed | Not publicly disclosed | 1–3 business days |
| Domestic wire (outgoing) | No stated cap | Varies | Same day (before cutoff) |
| Mobile check deposit | $50,000 | — | 1–5 business days |
Ally does not publish a fixed dollar figure for its ACH or Zelle limits — per Ally’s own deposit agreement, both are disclosed to you in the Ally app or by phone at the time of your transfer, and “may change periodically.” Commonly cited third-party figures (up to $150,000/day ACH for established accounts, $5,000/day Zelle) are not confirmable against Ally’s own published materials — check the limit shown in your account before relying on it. Full details: Ally Transfer Limits 2026 · Ally ATM Limit 2026 · Ally Mobile Deposit Limit 2026
Routing Number
Ally Bank’s routing number is 124003116 for all accounts nationwide.
| Transaction Type | Number |
|---|---|
| ACH / direct deposit | 124003116 |
| Domestic wire | 124003116 |
| International wire (SWIFT/BIC) | CHASUS33 |
Because Ally is online-only, it uses one routing number for all states — unlike Chase (24+ state routing numbers) or Bank of America (12+ by state). Use 124003116 for payroll direct deposit, IRS tax refunds, Venmo/PayPal/Cash App linking, and ACH bill payments.
Full guide: Ally Bank Routing Number 2026
CD Rates
| Term | APY (verified ally.com, Sept. 16, 2026) | Early Withdrawal Penalty |
|---|---|---|
| Short terms (3-6 mo.) | ~2.70%+ | 60 days interest |
| Medium terms | Range up to ~4.15% | 60 days interest to 150 days |
| Longer terms (3-5 yr.) | ~3.50%-4.00% | 150 days interest |
| No Penalty CD (11-month) | Confirm current rate | None |
| Raise Your Rate CD (2-year) | Confirm current rate | 60 days interest |
Ally’s published CD rates ranged from about 2.70% to 4.15% APY across terms as of September 15, 2026 — exact per-term breakdown should be confirmed at ally.com, since this session could only verify the overall range, not each individual term.
The No Penalty CD allows full withdrawal anytime after 6 days at no cost — CD-rate yield with near-savings flexibility. The Raise Your Rate CD lets you request one rate increase (2-year) or two increases (4-year) if market rates rise. Full guide: Ally Bank CD Rates 2026
Customer Service
| Contact Method | Details | Hours |
|---|---|---|
| Phone | 1-877-247-2559 | 24/7 |
| Chat | ally.com or Ally app | 24/7 |
| Secure message | Via app/online | Response within 1 business day |
J.D. Power consistently rates Ally above average for online banking customer satisfaction. Full guide: Ally Bank Customer Service 2026 · Ally Bank Hours 2026
How Ally Compares
| Comparison | Summary |
|---|---|
| Ally vs Marcus | Ally wins for full banking; Marcus matches on savings rate but is savings-only |
| Ally vs Discover | Ally wins on savings tools; Discover wins on 1% debit cashback |
| Ally vs Capital One 360 | Ally wins on APY and CDs; Capital One wins for cash deposits and ATM network |
| Ally vs SoFi | Confirm current rates for both — historically SoFi’s top rate (with direct deposit) has exceeded Ally’s; Ally has an edge on CD flexibility and track record |
| Ally vs Axos | Ally wins for most savers; Axos wins for high-yield checking (up to 3.30%) |
| Ally vs CIT Bank | CIT wins for $5,000+ savers on pure rate; Ally wins for everything else |
Is Ally Bank Right for You?
| Situation | Recommendation |
|---|---|
| Want to eliminate all bank fees | Yes — Ally charges nothing |
| Comfortable with online-only banking | Yes — Ally is best-in-class |
| Want to organize multiple savings goals | Yes — Buckets is industry-leading |
| Need physical branches | No — consider Capital One 360 |
| Deposit cash frequently | No — Ally has no cash deposit option |
| Want to send large ACH transfers | Possibly — Ally doesn’t publish a fixed ACH limit; confirm your actual limit in the app before relying on it for a large transfer |
| Need international wire transfers (outgoing) | No — Ally doesn’t support outgoing international wires |
The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy