Digital Banking - Innovative Digital Tools & Features | Ally Bank® (2024)

• Spending buckets

  Take control of your spending with this feature in your Ally Bank Spending Account. Create buckets for expenses like groceries and utilities so you know how much you have left to spend on everything else. Tag businesses where you frequently spend money, and money will come out of your buckets automatically.
  

  Create Spending Buckets

  Savings buckets

  A feature of your Ally Bank Savings Account, savings buckets let you divvy up your savings into different categories. Choose from 12 existing categories or make your own. You can create up to 30 buckets to save for what matters most to you. Use the goal feature to set your target amount and date — and track your progress.
  

  Create Savings Buckets

• • A feature of both Ally Bank Savings and Spending Accounts, recurring transfers let you choose how much you want to save and how often you want to save it.

  • By moving amounts automatically to your Savings Account, this booster helps you accumulate savings without you thinking about it.

  • You can even send different amounts to different buckets to work towards specific goals.

  Set Up

• • This booster analyzes your linked checking account and transfers safe-to-save amounts to your Savings Account.

  • Our innovative technology will monitor your account, only ever moving amounts less than $100 and never more often than three times a week.

  • You'll be surprised at how fast a little bit can stack up.

  Try It Out

• • This booster puts your savings on autopilot by having this smart tech to do the work for you.

  • This tool tracks transactions on an Ally Bank Spending Account and rounds them up to the nearest dollar.

  • When you accrue $5 or more, we transfer it to your Ally Bank Savings Account. Cool, right?

  Get Started

Anyone could lose track of their spending and accidentally overdraft their account. We get it. That’s why we eliminated overdraft fees and added CoverDraft — a fee-free temporary safety net of up to $250.

How it works:

• In most cases, you qualify for CoverDraft 30 days after depositing $100 or more into your Ally Bank Spending Account.

• Basic coverage starts at up to $100, but if you set up and receive a qualifying direct deposit of at least $250 for 2 months in a row, you can up your CoverDraft coverage to $250 (you’ll need at least one direct deposit of at least $250 every 45 days to keep this expanded protection).

• Should you overspend, your next deposit automatically applies to the negative balance.

• You can turn off CoverDraft or adjust your coverage amount whenever you’d like, as long as you don’t have a negative balance.

• We’ll give you 14 days to bring your balance out of the negative, and may restrict purchases and withdrawals from your account until you bring your balance back to $0 or more.

• Keep an eye on CD account on your desktop or the Ally Mobile app.

• You can change terms and add funds when your CD matures.