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.
| SPECIAL OFFER Online Savings Account - 4.25% APY - Learn MoreRead Ally Bank Review | SPECIAL OFFER Get Started - Learn MoreRead Chime Review |
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| Benefits and Features |
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Savings | 4.25% APY | 2.00% Annual Percentage Yield (APY).
The Annual Percentage Yield ("APY") for the Chime Savings Account is variable and may change at any time. The disclosed APY is effective as of September 20, 2023. No minimum balance required. Must have $0.01 in savings to earn interest. |
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CD | 3.00% to 5.15% APY. Terms of 3 months to 5 years. 12-month CD APY of 5.10% | |
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Checking | 0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000 | No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees |
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Money Market | 4.40% APY | |
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Customer Service | 24/7 | 24/7 |
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Minimum Deposit to Open | | $0 |
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Mobile App | iOS & Android | iOS & Android |
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ATMs | Over 43,000 no-fee Allpoint ATMs | Over 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs |
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Locations | Online Only | Online only |
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Monthly Fee | | $0 |
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| CreditDonkey® Reviews |
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Savings |      |      |
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Checking |      |      |
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Money Market |      | |
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Customer Service |      |      |
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Mobile App |      |      |
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Pros & Cons | Pros:- 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: |
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Bottom Line | Solid online bank with a great user-friendly website and customer service... Read full review | Read full review |
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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 11/25/2023. 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 offers good interest rates and no account minimums. But is this popular online bank good for you? Learn the benefits (and drawbacks) here.
Ally Savings offers a strong APY and various savings tools to help you boost your funds. Read on to find out more.
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'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 accounts offer high APYs and require no minimum deposit. But what is the catch? Learn more about Ally CD rates in this review.
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 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.
Discover the best Chime competitors that can offer you better rewards and a wider range of account options.
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