Online bank Ally has launched a new free online checking account that looks pretty decent. Free ATM access, free online bill pay, free checks, with no monthly minimum balance or maintenance fees. And get this, insufficient fund fees are only $9. That’s not per item, that’s just $9 for every day you are overdrawn.
Also, 24/7 customer support via phone, chat, and email, an free electronic fund transfers, overdraft service transfers and cashier’s checks.
.5% APR on balances up to $15,000.
There are, of course, a few fees that you can incur. Here they are:
Monthly Maintenance $0.00
Non-Sufficient Funds (daily maximum fee, no per item fee) $9.00
Stop Payment Item $15.00
Returned Deposit Item $7.50
Ally standard checks, prices vary on custom check styles $0.00
Official/Cashier’s Checks $0.00
Check images online $0.00
Statement copies online $0.00
Incoming & Outgoing Collections (domestic & international) $0.00
Incoming Wires (domestic & international) $0.00
Outgoing Wires (domestic & international) $20.00
Expedited Delivery for items: debit card, checks, etc. $15.00
Seems pretty okay. Do you use online checking? Where do you bank? Sound off in the comments.