Ally Bank Fees
OnlineComplete fee breakdown for Ally Bank and how it compares to zero-fee alternatives.
Fee Breakdown
Common Fees
Monthly Maintenance:
$0/month
Overdraft Fee:
$25
ATM Fee (out-of-network):
$0
Wire Transfer:
$20
Minimum Balance:
$0
Annual Cost Calculator
Monthly fees (×12): $0
Overdrafts (2×/year): $50
ATM fees (1×/month): $0
Annual Total:
$50
With Holdings: $0
Pros & Cons
Pros
- ✓ No monthly fees
- ✓ Excellent customer service
- ✓ High interest rates
Cons
- ✗ No physical branches
- ✗ Limited cash deposits
- ✗ Wire transfer fees
Key Features
No monthly fees
43,000+ free ATMs
High interest savings
Business Banking
- • Limited business banking
- • Business savings
- • Online-only services
Compare with Holdings
| Feature | Ally Bank | Holdings |
|---|---|---|
| Monthly Fee | $0 | $0 |
| Overdraft Fee | $25 | $0 |
| ATM Fee | $0 | $0 |
| Wire Transfer Fee | $20 | $0 |
| Minimum Balance | $0 | $0 |
| APY | 0.01% | 1.75% |
| Business Tools | Basic | Full Suite |
| Annual Cost | $50 | $0 |
Ready to Eliminate Banking Fees?
Save $50 per year by switching to Holdings. Zero fees, 1.75% APY, and built-in business tools.