MyBankTracker rated Ally Bank based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.
I called ally to set up autopay. That can only be done online. I started the autopay set up on line and found that the system kept reverting my payment back to checking even after i chose savings. I called- they could not help - the system gave errors. They said i would need to try again later. I tried again later, same issues and then finally i got one step further only to receive another error. I called again.
They transferred me when the first person could not help. I logged out and in and refilled out the same information 5 times. The 6th time i got an error from the site, upon going back i was able to continue but only one step further until i was again at am impass. The person on the other end put me on hold (this was my 3rd time on hold) and told me i would need to make a payment online. I had already been told that i one time payment would accrue an additonal $15 charge, now the lady on the phone is telling me that is not the case.
I can make a one time payment online without any extra charge. I have to sign completely out and back in for the 7th time and start from scratch entering routing numbers and more and was finally able to make a one time payment which is not why i started this whole process- i wanted to set up auto pay. At the very beginning of my last call i was told i could stay on the line for a survey. I did. They asked about 5 short questions to which i responded to 1 for them all(1-5 range where 1 was the worst) and then i was given the option to leave a voice message and was asked if i would like to share my voice message with others i said yes to that and waited for the beep they said i would hear to begin recording- what i hear was a click and the call had ended. Nice.
I'm confused about the the three-star rating when most of the reviews give a glowing five-stars - maybe there were a few folks who gave one star and that dragged it down? Anyway, as most people have noted, Ally is clearly the best way to go for online banking; and for those who are put off by the lack of brick-and-mortar locations, try thinking of banking differently. If you own a smartphone and a computer, there is absolutely no reason to "go to the bank"! Everything you might ever need to do can be done online and/or on the phone. Ally's phone reps are terrific - smart and patient, knowledgable about the products, and speak clear English (and possibly Spanish as well - I haven't checked). The no fee ATM feature is for real, and it's so convenient. It's also awfully nice to get nearly 1% interest on your savings account when virtually all the other banks give you next to nothing (like .005% or some nonsense, which is effectively zero). You even earn a bit on your checking account. No minimum balances, great online and mobile banking interfaces, great customer service: a winning formula, to be sure.
Nothing but problems from day one. I should have known better when Ally screwed up the opening of my account by losing half my paperwork. I figured it was just an honest mistake. Well it's been nothing but problems and I haven't even had the account for a year. I used the smartphone app to deposit a check a few months ago. It was a little more than six months old. No good. Ally said they can't deposit checks over 6 months. Fine. Now I try to deposit a check from my sister. She didn't date the check. I deposit it and get an email a day later saying it was refused BUT it doesn't say it was because it was missing the date. So, I call Ally and ask the rep, if my check is missing the date, will it be rejected? He said no, it should not be a problem. So, I deposit it again using the app and again I get an email saying your check has been rejected because traveler checks, money orders and postal money orders have to be mailed in. Did I mention that this is a personal check from my sister for $30? So, I call up Ally, explain my story to the rep. and she's very sympathetic, but can't help me. I get transferred to Antonio in Tech support. He confirms:
1. The check was rejected because it had no date
2. Mailing it in to Ally wouldn't make a difference
3. The rejection email is very generic (no kidding!)
I've had more frustration with this Ally account in 10 months than I've had in 30 years of having a bank account.
Now back to my local bank where I get a few pennies less in interest but they do deposit my checks.
I closed my account. It's clear to me that wanting to be a great bank and being a great bank are not the same.