Ally Bank Online Savings Account: Fees Watch

Yes. Surprise surprise. Another online savings account. Like others, Ally Bank does not have minimum or monthly maintenance fee. But it does have other banking fees when you want specific services done. Below are the fees:

Ally Bank Online Savings Account Fees

Fees
Each transaction exceeding six per statement cycle. $ 10.00
Bounced check $ 7.50
Services
Cashier’s check $ 10.00
Domestic outgoing wire $ 20.00
International outgoing wire $ 45.00
Paper statement copy. Remember, it’s free to see your statement online. $ 2.00/page

*Why only 6 transactions per statement cycle?

The limit is actually set by federal law for electronic and telephone transactions, as well as checks issued to third parties, from all U.S. savings and money market accounts. Deposits are unlimited. Please remember, you will be charged a $10 fee for each transaction that exceeds these limits by Ally Bank.

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