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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.

 

Ally Bank

Chime

SPECIAL OFFER
Online Savings Account - 1.00% APY - Learn More

Read Ally Bank Review

SPECIAL OFFER
Get Started - Learn More

Read Chime Review

 

Benefits and Features

Savings
1.00% APY
0.50% 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 November 1, 2021. No minimum balance required. Must have $0.01 in savings to earn interest.
CD0.50% to 2.75% APY. Terms of 3 months to 5 years. 12-month CD APY of 1.75% 
Checking0.10% APY for daily balances less than $15,000. 0.25% APY for daily balances over $15,000No monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Money Market
1.00% APY
 
Customer Service
24/7
24/7
Minimum Deposit to Open 
$0
Mobile App 
iOS & Android
ATMsOver 43,000 no-fee Allpoint ATMsOver 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Locations
Online Only
Online only
Monthly Fee 
$0
 

CreditDonkey® Reviews

SavingsStarStarStarStarEmpty StarStarStarStarStarStar
CheckingStarStarStarStarEmpty StarStarStarStarStarStar
Money MarketStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarStarStarStarStarEmpty StarEmpty Star
Mobile AppStarStarStarStarStarStarStarStarStarStar
Pros & ConsPros:
  • 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:
  • Hard to deposit cash
Bottom LineSolid online bank with a great user-friendly website and customer service... Read full review Read full review

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 07/04/2022.

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 Review

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 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 Chime

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.

Chime Alternatives

Chime offers a convenient and rewarding mobile app. But can you earn better rewards and get more account options with one of Chime's top competitors?

Which Do You Think is Best?





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Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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