Chime vs Ally Bank
Complete comparison to help you choose the right app
C
Chime
Free
A
Ally Bank
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