You can make as many ATM withdrawals as you want. However, federal law permits limiting certain types of withdrawals and transfers — including electronic fund transfers and telephone transfers, checks, and debit card purchases — to six per statement cycle from this account.
There’s a $10 excessive transaction fee for each transaction that exceeds this limit. However, we’re temporarily refunding this fee to help those of you impacted by COVID-19.
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Because the Online Savings Account is part of your IRA with Ally, you will need to request a distribution. To do this, you can either log in to online banking and complete the distribution request, call us 24/7 at 877-247-2559, or complete and mail in the Distribution Form.
Keep in mind, federal law permits limiting the number of withdrawals and transfers from all U.S. savings and money market accounts to 6 per statement cycle.
There’s a $10 excessive transaction fee for each transaction that exceeds this limit. However, we’re temporarily refunding this fee to help those of you impacted by COVID-19.
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You can make six withdrawals and transfers per statement cycle.
Federal law permits limiting certain types of withdrawals and transfers from savings and money market accounts. There’s a $10 excessive transaction fee for each transaction that exceeds this limit. However, we’re temporarily refunding this fee to help those of you impacted by COVID-19.
Consult your tax professional for details on IRA distributions or withdrawals.
You can use any Allpoint ATM with no fees. These are located outside of the U.S. in Canada, Puerto Rico, United Kingdom, Mexico and Australia. You can find an ATM location at www.allpointnetwork.com. Some international and U.S. Territory ATM fees may also be included in the reimbursem*nt; however surcharge fees not identified within the transaction by the originating ATM owner may not be reimbursed.
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You can access your account, make payments or move your money from your computer or mobile device.
You can also:
- Use a debit card or checks for purchases and payments
- Make payments using free online Bill Pay
- Get cash back when you shop with your debit card
- Get cash from an ATM (To find a nearby ATM, use the )
- Transfer money between your Ally accounts
- Transfer money from your Ally accounts to accounts you have at other institutions
- Submit a wire transfer request online
- Call us to get a cashier's check
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Yes. For your protection, you can withdraw up to $1,000 a day from ATMs. If you’re new to Ally, your daily ATM withdrawal can be limited to as low as $500 during your first 90 days as an Ally Customer.
To find a nearby ATM, use the .
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You won't see an Ally Bank ATM, but you can use your debit card at any ATM worldwide.
Use our to find ATMs across the U.S. online or on your mobile device.
There's no charge to use any Allpoint® ATM in the U.S., plus we reimburse up to $10 at the end of each statement cycle for fees charged at other ATMs nationwide.
Keep in mind, we pay interest on the reimbursed amount starting on the day the funds are credited to your account.
Use our to find ATMs across the U.S. online or on your mobile device.
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Allpoint is the largest nationwide, no-fee ATM network with over 43,000 ATMs conveniently placed in locations such as CVS, Walgreens, Target, convenience stores and other regional retailers.
Use our online or on your mobile device to find a no-fee Allpoint ATM near you.
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You still won't have to pay a fee. Just press YES to accept the fee and continue with your transaction.
Either you won't be charged, or we'll refund the surcharge.
If you notice we didn't refund an ATM charge, give us a call at 1-877-247-2559. Make sure you have details of the transaction on hand.
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Yes, there is an international transaction fee of up to 1% when using an ATM located outside of the U.S. When using a non-Allpoint ATM overseas, an additional fee may be charged by the ATM owner.
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We have two fee-free services to protect your Ally Bank Interest Checking account from overdrafts: Overdraft Transfer Service and CoverDraftSM service. Use one or the other, or use them both together for an additional line of defense.
Sign up for Overdraft Transfer Service by logging in, choosing your account, and selecting Overdraft Transfer Service from account details. From there, you can link your checking account to your Ally Bank Online Savings account or Money Market Account.
There's no signup needed for CoverDraft—in most cases, you'll qualify 30 days after your account has been funded with at least $100, through any combination of deposits.
Learn more about Overdraft Transfer Service and CoverDraft.
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We have two fee-free services to protect your Ally Bank Interest Checking account from overdrafts: Overdraft Transfer Service and CoverDraftSM service. Use one or the other, or use them both together for an additional line of defense.
Overdraft Transfer Service
If you set up Overdraft Transfer Service and have sufficient funds in your linked savings or money market account to cover the transaction, we automatically transfer the funds to your checking account in increments of $100.
If you didn't set up Overdraft Transfer Service, your transaction may be declined, or we may pay the transaction and overdraw your account, but we won't charge an overdraft fee.
CoverDraft Service
CoverDraft service acts as an overdraft safety net, providing up to $100 in temporary fee-free relief for some of your most common transactions, should you accidentally overspend. We notify you if any overdrafts occur, and you have 14 calendar days to bring your balance out of the negative and avoid having withdrawals restricted from your account.
Keep in mind, CoverDraft isn’t a line of credit. We can end our CoverDraft service or suspend your right to use it at any time. We pay overdrafts at our discretion, and we don’t guarantee coverage. We’ll decline your transaction if we don’t cover it.
Both Services Together
When using both services together, we first move money in $100 increments from your linked account using Overdraft Transfer Service. If that’s not enough, the CoverDraft service may kick in with up to $100 in additional coverage.
Learn more about Overdraft Transfer Service and CoverDraft.
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