US checking account
Ally Bank Spending Account
Online banking with no monthly maintenance fee and a way to add cash at Walmart. Consider whether the store-based deposit process fits your routine.
This page sums up Ally’s own pages in our words, as checked on Oct 17, 2026. It is not an offer. The bank’s account agreement and fee schedule decide what applies, and terms can change.
Where it fits
Online banking with retail cash deposits
The monthly fee, and how it can be waived
Ally's terms list no monthly fee, so there is no balance or deposit rule to keep up just to avoid that fee. That covers the monthly fee only. Other service fees in the bank's fee schedule can still apply.
ATMs and cash deposits
ATM access
75,000+ no-fee ATMs; up to $10 in other ATM fees reimbursed per statement cycle nationwide.
Cash deposits
The sources confirm at least one way to deposit cash.
Add cash free at a Walmart service desk or MoneyCenter using a barcode in the Ally app. Check deposit limits in the app.
Overdrafts
No overdraft fee in the bank's terms.
No overdraft fees. Overdraft Transfer and CoverDraft have enrollment and eligibility conditions; payment is not guaranteed.
What you need, and other conditions
To open the account
No minimum balance or opening deposit. Ally has no bank branches.
Other conditions
- Some other services have fees, including international transactions up to 1%.
- If you regularly deposit cash, check the app's limits and your local Walmart service hours before switching.
Deposit insurance
FDIC coverage is generally $250,000 per depositor, per insured bank, per ownership category. Deposits in the same category at the same bank are combined.
Sources and check date
The facts above come from the bank and FDIC sources below, checked on Oct 17, 2026. The summaries and explanations are our own words. We have not opened this account.
- Ally Spending Account features and fees (opens in a new tab) ally.com · Checked Oct 17, 2026Used for: monthly fee, cash deposit details, ATM access, overdraft details, account requirement, other conditions
- FDIC deposit insurance definitions (opens in a new tab) edie.fdic.gov · Checked Oct 17, 2026Used for: deposit insurance
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Facts taken from the bank’s own pages. Account not opened or tested.