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Ally Bank vs Chime

Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Chime? Read our comparison chart below.

 

Ally Bank

Chime

SPECIAL OFFER
Online Savings Account - 4.25% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Get Started - Learn More

Read Chime Review

 

Benefits and Features

Savings
4.25% APY
2.00% Annual Percentage Yield (APY).
CD3.00% to 4.50% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% 
Checking0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Monthly Fee 
$0
Money Market
4.25% APY
 
Minimum Deposit to Open 
$0
Mobile App
iOS & Android
iOS & Android
ATMsOver 43,000 no-fee Allpoint ATMsOver 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Customer Service
24/7
24/7
Locations
Online only
Online only
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarStarStarStar
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Money MarketStarStarStarStarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Customer ServiceStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • CD options
  • No account minimums
  • Good customer service
Cons:
  • Low Checking APY for lower balance customers
Pros:
  • No account fees
  • Get paycheck 2 days early
  • Up to $200 overdraft coverage
Cons:
  • Hard to deposit cash
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full review Read full review

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Ally Bank: Pricing information from published website as of 03/16/2024.

Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.

Which is Better: Ally Bank or Chime?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Ally Bank or Chase.

In short: Ally Bank's customer service is outstanding. Chime's savings and checking are excellent.


Articles on Ally Bank

Ally Bank Review

Ally Bank offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.

Ally High Yield Savings Review

Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.

Ally Bank Problems

Ally Bank is well-known for having attractive APYs and practically no fees. But, what's the catch? Read on to know what nuisances you may encounter.

Ally Savings vs Money Market

Ally's Money Market and Savings accounts boast high APYs with no hidden fees. But, how do they differ? Read on to find out.

Ally Bank CD Rates

Ally Bank CD accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.

Ally Bank Routing Number

Looking to transfer money in or out of your Ally account? You'll need the right routing number. Find your Ally routing number and learn more about money transfers in our guide.

Articles on Chime

Chime

Chime has no monthly fees, so what's the catch with the app? Find out how you can get paid two days early and grow your savings.

Chime Alternatives

Discover the best Chime competitors that can offer you better rewards and a wider range of account options.

Which Do You Think is Best?


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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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