Is ally bank safe?

Yes, Ally is safe to use for online banking. It's an FDIC-insured financial institution, so up to $250,000 per depositor per ownership category is secure in a bank account. Does Ally Bank offer any physical branches? No. Ally is an online-only bank. It doesn't have physical branches. Can I deposit cash with Ally Bank? No.

Should I use ally as a banking option?

If you're considering Ally as a banking option, you must be comfortable managing your bank account primarily through online and mobile banking. The Ally mobile app includes standard banking features like mobile check deposits, an ATM locator, and debit and credit card usage controls.

Is ally a good savings account?

See Business Insider's Ally Savings Account Review. The Ally Spending Account is a solid low-fee option. You have free access to over 43,000 ATMs nationwide, but if you use an out-of-network ATM, Ally doesn't charge a fee. If the out-of-network ATM provider charges you, then Ally will reimburse up to $10 per month.