Ally Bank vs Chase
Ally Bank is a solid online bank with a great user-friendly website and customer service. How does it compare to Chase? Read our comparison chart below.
Ally Bank offers high interest on their Savings account. It also offers interest checking and multiple CD options, including No Penalty and Raise Your Rate CDs. There is no minimum deposits or service fees for any of their banking products.
While Chase is one of the biggest banks in the nation with more than 4,700 branches and over 16,000 ATMs. They offer a variety of banking, loans and investing services.
Compare Ally Bank with Chase, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
 | ||
 |  | |
Ally Bank | Chase | |
|---|---|---|
Online Savings Account - 3.85% APY - | Chase Bank $200 Bonus - | |
Benefits and Features | ||
| Savings |
| |
| CD | 2.50% to 4.80% APY. Terms of 3 months to 5 years. 12-month CD APY of 4.50% | Terms of 1 month to 10 years. $1,000 minimum opening deposit. No monthly service fee. |
| Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 |
|
| Money Market | ||
| Customer Service | ||
| Mobile App | ||
| ATMs | Over 43,000 no-fee Allpoint ATMs | |
| Locations | ||
CreditDonkey® Reviews | ||
| ||
| Savings |   |  |
| Checking | | |
| Money Market | | |
| Customer Service | | |
| Mobile App | | |
| Pros & Cons | Pros:
| Pros:
|
| Bottom Line | Solid online bank with a great user-friendly website and customer service... | National bank with good promotions for new customers... |
| | |
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 5/24/2023. Chase: Pricing information and data points from published website as of 12/17/2020 | ||
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to more than 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- JPMorgan Chase Bank, N.A. Member FDIC
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠ - no overdraft fee if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
*With Chase Overdraft Assist℠, we won't charge an Overdraft Fee if you're overdrawn by $50 or less at the end of the business day OR if you're overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.
Chase Secure Banking℠ - $100 Bonus
- New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
- Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
- No minimum deposit to open an account and get started.
- No overdraft fees with a Chase debit card that helps you stay within your balance.
- Chase Secure Banking℠ customers told us they save an average of $50 a month on fees after opening their account.
- JPMorgan Chase Bank, N.A. Member FDIC.
- Pay bills, cash checks and send money with Zelle® all for a $4.95 monthly service fee.
- Bank from anywhere with access to more than 16,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase Online℠.
Chase Business Complete Banking℠ - Up to $500 Bonus
- Earn up to $500 when you open a new Chase Business Complete Checking℠ account. For new Chase business checking customers with qualifying activities.
- Multiple ways to waive the Monthly Service Fee, including maintaining a minimum daily balance or purchases on your Chase Ink® Business credit card.
- Full-service business banking. Convenient access to all your business banking services in one place -- lending, checking, credit card and payment solutions.
- Your choice of payment types. Choose from a full range of options for accepting payments and making deposits that include Zelle®, Online Bill Pay, wire transfers and ACH payments.
- Convenient access to payment processing. Process all major debit and credit cards with QuickAccept. It's a built-in feature with your Business Complete Checking account.
- Helping you save money. Multiple ways to waive service fees and unlimited digital transactions helps you keep more of your money.
- Full-featured banking online and on-the-go. Manage your business' finances on your terms with the latest online and mobile banking technology.
- Trusted and secure financial partner. We're committed to helping you grow and protect your business.
Which is Better: Ally Bank or Chase?
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 Citibank.
In short: Ally Bank's customer service is outstanding.
Articles on Ally Bank
Ally Bank
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 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 Chase
Chase Bank Review
Chase has new customer bonuses and a strong nationwide presence. But there are drawbacks. Read this review to see if Chase is a good bank for you.
Open Chase Account
Opening an account with Chase Bank is simple. Take a look at what you'll need and check out your account options in our guide.
Chase Bank Offers
What promotions does Chase have right now? Find out how much you can earn and how to qualify for the latest Chase bank promotions.
Chase Total Checking Bonus
Chase Total Checking is offering $200 for opening a new account. Find out how to qualify for the bonus below.
Chase Business Checking Promotion
Chase Business Complete Banking offers up to a $500 bonus for new customers with qualifying activities. Find out how to get this business checking promotion.
Chase Business Complete Banking Review
Chase Business Complete Banking offers an all-in-one account with checking and credit card processing. Read on to learn about the fees and bonuses.
Chase Secure Banking Coupon
Earn $100 when you open a Chase Secure Banking℠ with qualifying activities. Here's how to grab the special offer.
How to Open a Chase Business Bank Account
Opening a Chase business banking account is easy. Check out what you'll need and your business checking options in this guide.
Chase Routing Number
What is Chase Bank's routing number? It depends on the state. Find the correct routing number for your Chase account (even without a check).
Which Do You Think is Best?
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