Both Ally Bank Interest Checking and Capital One 360 Checking are excellent choices for a checking account with no monthly fees and extensive ATM access. Capital One 360 Checking stands out with its debit card rewards program and slightly better mobile app ratings. Ally Bank Interest Checking offers potentially higher interest rates for larger balances and 24/7 customer service.
| Attribute | Ally Bank Interest Checking | Capital One 360 Checking |
|---|---|---|
| Interest Rate (APY) | 0.10% APY on balances less than $15,000; 0.25% APY on balances of $15,000 or more (variable) | 0.10% APY on all balances (variable) |
| Minimum Balance to Earn Interest | No minimum balance required | No minimum balance required |
| Monthly Maintenance Fee | $0 | $0 |
| Overdraft Fee | $0. Ally offers Overdraft Transfer Service and CoverDraft. | $0 |
| ATM Access/Fees | Access to over 75,000 Allpoint and MoneyPass ATMs. Up to $10 reimbursement for other ATMs. | Access to over 70,000 fee-free ATMs in Allpoint and MoneyPass networks and Capital One-branded ATMs. No out-of-network or foreign transaction fees from Capital One. |
| Mobile Check Deposit | Yes. Limits: $50,000/day, $250,000/30 days | Yes |
| Bill Pay Features | Yes, free bill pay service | Yes, online bill pay and automatic transfers |
| Debit Card Rewards | No specific rewards program. | Earn 1% cash back on up to $3,000 in debit card purchases each month. Cashback offers from over 1,500 companies. |
| FDIC Insurance | Yes, up to $250,000 | Yes, up to the standard limit |
| Customer Service Availability | 24/7 via chat, email, or phone | Phone: 8 a.m. to 11 p.m. EST, 7 days a week, Twitter (@AskCapitalOne), Capital One Caf és, Eno virtual assistant |
| Mobile App Rating (iOS) | 4.7/5 stars | 4.9/5 stars |
| Mobile App Rating (Android) | 3.8/5 stars | 4.5/5 stars |