Is Ally Bank a good bank?

Ally Bank is a leader in online banking. With multiple deposit accounts available, along with attractive interest rates, Ally is one of the top choices in the field. Not only does it have personal banking solutions covered; it also offers a wide array of services, including auto loans, home loans, and investment options.

What are some of the pros and cons of Ally Bank?

Ally Bank is online-only; the money it saves on overhead, it can pass to customers in the form of high interest rates and minimal fees. For example, the bank doesn’t charge overdraft fees. It also has convenient customer service options and is ideal for people who don't need branch access for their banking.

What are people's thoughts on Ally Bank?

Ally Bank is good about taking your money but fails big time when it comes time to give it back. Expect a bunch of paper work and many days waiting when you try to transfer the money out. As of today, I am waiting 12+ days for Ally Bank to wire transfer money to another bank.