Ally Bank offers high interest rates on their savings as well as offering interest on their checking and CD account options.
There’s no minimum deposits or service fees on their banking products.
Not to mention, they offer more checking options compared to other competitors.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
|Locations||1300 locations along the east cost (Locator)||Branches in Several States (Locator)|
|ATMs||1,300 ATMs throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida||Chase ATMs nationwide|
|Pros||-Extended banking hours
-Low requirements to waive monthly fees
-No foreign transaction fees
|-Branches in many states
-New customer coupons
-Full service banking
|Cons||-No free checking
-Only on East Coast
|-Low interest rates
-Not available in all states
|Bottom Line||Ally Bank is an online only based banking that offers full service with the most competitive rates.||Chase is a good choice if you’re looking for a bank with full range of service|
Chase Bank Promotions
Ally Bank Promotions
Open an Ally Invest account to enjoy all these benefits:
• Earn up to $3,000 cash bonus with deposit amount requirement
• Free Trades for 90 days (up to $500 in value) when you open a new Ally Invest Securities Individual, Joint or Retirement account.
• 500+ commission-free ETFs
• $4.95 per equity trade with no opening minimum & option trades 65¢ per contract
• $3.95 per equity trade for high-balance/high-volume traders & option trades 50¢ per contract
• LIVE Trading Platform & Mobile App: Stay on top of the market with live news/streaming quotes available across multiple devices the mobile app.
• Get a wide variety of investment products built with the do-it-yourself investor in mind PLUS in-depth research & market analysis tools to support all types of investment strategies
Compare to Other Banks
- Ally Bank vs Bank of America
- Ally Bank vs Wealthfront
- Ally Bank vs Capital One
- Ally Bank vs Marcus by Goldman Sachs
- Ally Bank vs Axos Bank
- Ally Bank vs CIT Bank
- Ally Bank vs Discover Bank
- TD Bank vs Ally Bank
- Chase vs Bank of America
- Chase vs Fifth Third Bank
- Chase vs Wells Fargo
- Chase vs US Bank
- Chase vs CIT Bank
- Chase vs PNC Bank
- Chase vs TD Bank
- Discover Bank vs Chase
Which Bank is Better: Ally Bank or Chase?
- Ally Bank offers good interest rates and no account minimum or service fees.
- Chase is a good choice if you’re looking for a bank with full range of services, physical locations, lots of ATMS, and good mobile banking.
More on Ally:
- How To Open an Ally Bank Account
- What Are Ally Bank’s Hours?
- How To Find and Use Your Ally Bank Login
- Ally Bank Routing Number
More on Chase:
- What Are Chase Bank’s Hours?
- How To Find and Use Your Chase Bank Login
- What Do You Need to Open a Chase Bank Account?
- How To Order Checks via Chase: Online, Vendor Site or by Phone
- How to Set Up Chase Online Bill Pay
- How to Stop Payment for a Chase Check
- Chase Business Routing Number
- Chase Bank Review
- What Do I Need to Get a Chase Credit Card
- How To Check Chase Credit Card Application Status
- Chase Travel Notification: How To Set Up Travel Alerts
- How To Increase Your Chase Credit Limit