Ally Bank Debit Card Benefits and Features Explained

The Ally Bank debit card offers a range of benefits and features that make it a great option for everyday transactions.

You can use the Ally Bank debit card to make purchases online or in-store, and it's accepted at millions of locations worldwide.

One of the standout features of the Ally Bank debit card is its ability to earn interest on your balance, even if you don't have a minimum balance requirement.

With the Ally Bank debit card, you can also enjoy unlimited ATM fee reimbursements, so you don't have to worry about paying extra fees when you withdraw cash.

A unique perspective: Chase Sapphire Reserve Transfer Balance

The Ally Bank debit card offers a range of features that make it a convenient and secure way to manage your finances.

You can use your debit card to make purchases online, in-store, or over the phone, and you'll also get access to over 43,000 Allpoint ATMs worldwide.

One of the standout features of the Ally Bank debit card is its mobile banking app, which allows you to track your spending, transfer funds, and deposit checks remotely.

Ally Bank's debit card rewards program is a game-changer. Ally Perks is a cash-back program that automatically deposits rewards into your Ally checking or savings account.

The program is simple and easy to use. You don't have to rack up points or redeem them to get your cash reward.

Twenty participating merchants offer cash-back amounts that vary. For example, you can earn $5 back by spending $50 at Target.

You can also earn cash back at other popular merchants like iTunes, PetSmart, and Sur La Table. The cash-back amounts are listed for each merchant, so you can plan your spending accordingly.

The rewards are automatically deposited into your chosen account, making it easy to redeem your cash back.

Here's an interesting read: Boa Cash Back Rewards Card

You can use your Ally virtual debit card for free at any time, but you need to have one of their checking or money market accounts.

The good news is that both the Interest Checking Account and the Money Market Account have no monthly maintenance fee.

Curious to learn more? Check out: Business Bank Account Setup Credit and Checking

However, be aware that if a deposit is returned, you'll be charged $7.50 for each item.

Excessive transactions aren't a problem with the Interest Checking Account, but the Money Market Account charges $10 per transaction if you go over the limit.

If you need to expedite your delivery, it'll cost you $15, and outgoing domestic wires will set you back $20.

Account research fees can add up quickly, clocking in at $25 per hour for either account.

You can turn your debit card on and off instantly with the Ally Card Controls app, giving you peace of mind when your card is misplaced or stolen.

The app allows you to set weekly or monthly spend thresholds for transaction amounts, giving you control over your spending.

With Location Awareness Controls, you can keep your debit card active only around your phone or within a specified region on a map.

You can also enable or disable specific categories of merchants, such as groceries, fuel, entertainment, or travel, to control card usage.

The app will alert you when a transaction outside of the specified regions has been denied, providing you with real-time updates on your card activity.

By using the Ally Card Controls app, you can instantly turn off online shopping to avoid unauthorized purchases, and turn it back on when needed.