When you're looking for a checking account with features, the Ally Bank Visa Debit Card is just what you want. You don't need a minimum amount to open an account. The FDIC insured account will provide you with the ability to purchase anything, anywhere.
The Perks of Opening an Account
Unlike other banks, Ally Bank offers features to save and earn you money. This includes being able to earn interest on the checking account. A variable rate will go into effect as soon as you open an account. There's no minimum deposit needed to open your account, which means that you can open the account whenever you're ready. Each month, you'll earn interest just for keeping funds in your account.
Many banks charge fees in order to earn money. Ally Bank doesn't have the cost of maintaining branches around the country. As a result of them saving money, they don't charge fees to their customers. No monthly maintenance fees exist on the account. The only fees that are charged include outgoing wire fees and returned checks and deposits.
The account is also FDIC insured. This protects the money on the account. You can deposit as much as you want and be protected by law. Internet-based banks are often believed to be unsafe, however Ally Bank has taken the precautions to ensure your money is as safe as any brick and mortar bank you come across.
Using the Debit Card
You are given a free debit card as an account holder, making it easy to access your funds at any given time. The Visa logo on the account makes it easy to purchase wherever you want. Visa is widely accepted around the globe. You can use the card online, over the phone and in person with merchants virtually anywhere.
When you do need cash, you have two options. The first is to take advantage of the cash back feature that many merchants offer. This will allow you to go through with your purchase and then choose a little cash back when you're completing your transaction.
The second option is to visit an ATM machine. As a debit card holder, you will have a PIN number. You can visit any ATM machine nationwide without worrying about if it's within the network. There are no ATM fees, allowing you to keep more money in your account from month to month.
Additional Features of the Debit Card
The Ally Bank checking account is unlike so many other checking accounts out there. It actually earns interest. Plus the debit card has a Visa logo, making it work more like a credit card than a bank card – without worrying about paying fees because all purchases are essentially prepaid. There are also additional features of having the debit card in your wallet.
- Many ways to get money on the card
- Online account management
- Customer service
Not having a branch to visit isn't an issue with Ally Bank. There are many ways to get money into your account. You can mail a check to the bank and have them put it into your account. You can get online transfers and wire transfers. You can also choose to scan a check and submit it online through the Ally eCheck deposit. This makes sure you always have money in your account when you need it.
Online account management gives you 24/7 account access. You will have a username and password to protect your account. Once logged in, you can find out account balance, view past transactions and download your monthly statement. You can set up one-time and recurring bill payments and even set up transfers to and from other bank accounts.
When you have a question or concern on your account, customer service is available. The representatives are on 24 hours a day, 7 days a week, 365 days a year. You can contact them via telephone, email or online – whatever is the most convenient for you. They can answer your questions, look into transactions and even order you a new card. There's never a need for a local branch when you have 24/7 customer service.
Opening an account is simple. Once you fill out the application and your account information is verified, you will be sent out the Ally Bank Visa Debit Card. From there, you can start purchasing whatever you want and funding your account in many ways.