Chime vs Ally Bank

Complete comparison to help you choose the right app

C

Chime

4.6

Free

A

Ally Bank

4.7

Free

Quick Summary

Choose Chime if you want:

  • No fees
  • Get paid early
  • Automatic savings

Choose Ally Bank if you want:

  • High APY
  • No fees
  • Buckets feature

Feature Comparison

Feature Chime Ally Bank
Rating 4.6/5 (420.0K reviews) 4.7/5 (180.0K reviews)
Pricing Free Free
Platforms iOS, Android, Web iOS, Android, Web
Best For students, beginners saving money, beginners
Founded 2013 2009

Features Overview

Chime Features

  • No monthly fees
  • Early direct deposit
  • Automatic savings
  • Round-up savings
  • Credit builder
  • No overdraft fees
  • Fee-free ATMs

Ally Bank Features

  • High-yield savings
  • Savings buckets
  • No minimum balance
  • Investing platform
  • CDs with penalty-free options
  • Round-up savings
  • Mobile check deposit

Pros & Cons

Chime

Pros

  • No fees
  • Get paid early
  • Automatic savings
  • Credit builder card
  • Large ATM network

Cons

  • No branches
  • Limited services
  • Depositing cash difficult

Ally Bank

Pros

  • High APY
  • No fees
  • Buckets feature
  • Full-service banking
  • Great customer service

Cons

  • No branches
  • No cash deposits
  • Limited ATM network

Frequently Asked Questions