I never even thought about it. Activate 2-factor authentication, practice safe computing, and go on with your life. They're FDIC insured so there's zero risk for Ally customers unless you go over the insurance limit or are the weak link resulting in your own account breach and compromise. Answer from Dan-in-Va on reddit.com
Reddit
reddit.com › r/allybank › do you feel safe with ally bank?
r/AllyBank on Reddit: Do you feel safe with Ally bank?
January 20, 2024 -
I'm in the process of combining finances with my wife and we are planning on using ally bank, once they run another new member promo. It seems as though they might have been hit with a BIN attack. Does this seem like an ongoing issue? I work in the fraud prevention industry so I completely understand no bank/cu is immune, but I'm nervous to join if this is an ongoing issue. What has yalls experience been like? If you had to rejoin ally today, would you do it?
Top answer 1 of 46
39
I never even thought about it. Activate 2-factor authentication, practice safe computing, and go on with your life. They're FDIC insured so there's zero risk for Ally customers unless you go over the insurance limit or are the weak link resulting in your own account breach and compromise.
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25
I've been with Ally for 5 years, no issues. I feel totally safe.
Wise
wise.com › us › blog › is-ally-bank-safe
Is Ally Bank safe? 2025 full guide - Wise
February 26, 2025 - If something feels off, get in touch with Ally Bank directly to verify the details before sending money or taking any action. Ally Bank is as secure as a traditional brick-and-mortar bank. They're FDIC-insured and use strong digital security ...
Videos
07:27
Ally Bank Review: Pros, Cons and Competitors - YouTube
09:41
Should You Open an Account with Ally Bank? | NerdWallet - YouTube
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Ally Bank: Still the Best in 2025? My 11-Year Review - YouTube
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What I Wish I Knew Before Opening an Ally Bank Account - YouTube
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Ally Bank Review: Watch BEFORE Getting This Bank Account! - YouTube
08:37
Can You TRUST Ally Bank With Your Money? Don’t Open an Account ...
Is Ally a good bank?
Yes, Ally is a good option to bank with, particularly if you're looking for a financial institution where you can save and invest. It offers a variety of high-yield savings options. It's also a low-fee investment platform.
businessinsider.com
businessinsider.com › personal finance › banking › savings › ally bank review 2025: features, pros, and cons
Ally Bank Review 2025: Is It the Right Bank for You?
Can I deposit cash with Ally Bank?
No. You cannot deposit cash with Ally Bank. You can set up direct deposits or make mobile check deposits through the mobile app.
businessinsider.com
businessinsider.com › personal finance › banking › savings › ally bank review 2025: features, pros, and cons
Ally Bank Review 2025: Is It the Right Bank for You?
Does Ally Bank have physical branches?
No. Ally is an online-only bank. It doesn't have physical branches.
businessinsider.com
businessinsider.com › personal finance › banking › savings › ally bank review 2025: features, pros, and cons
Ally Bank Review 2025: Is It the Right Bank for You?
SmartAsset
smartasset.com › checking-account › is-ally-bank-safe
Ally Bank: Is It Safe to Use?
June 26, 2018 - If you’re unsure of the security that Ally Bank can offer, you don’t need to worry. Ally employs the best safety measures to keep you and your finances safe. While safety is certainly an important consideration when choosing a bank, it isn’t the only one.
NerdWallet
nerdwallet.com › home › banking › reviews › ally bank review 2026: checking, savings and cds
Ally Bank Review: Checking, Savings and CDs - NerdWallet
Ally Bank
How we rate banks, credit unions and other financial service providers ... Your money is safe with Ally Bank because it is FDIC-insured. Ally is an online-only bank with good rates on savings and CDs. You can earn interest on checking balances and use more than 43,000 U.S. ATMs for free.
Business Insider
businessinsider.com › personal finance › banking › savings › ally bank review 2025: features, pros, and cons
Ally Bank Review 2025: Is It the Right Bank for You?
May 6, 2025 - Yes, Ally is safe to use because its a legit, real online bank.
Reddit
reddit.com › r/personalfinance › is ally banking safe? why is interest so high
r/personalfinance on Reddit: Is Ally Banking Safe? Why is interest so high
January 2, 2023 -
I was recently told by a coworker that Ally Bank has a 3% interest rate... Why is it so high? Is it safe? My current bank is .325% interest rate which is a lot lower... I feel a little uneasy as to why they have such a high rate... Someone have any advice?
I have around 45k saved in my twenties living at home and probably going to put it in a savings to curb inflation eating me alive... Not investing yet as I am looking to buy a car/home soon... But I will start here in January because its a good time to I think...
Top answer 1 of 67
1607
It's a different business model. It costs a metric buttload of money to run and staff hundreds or thousands of branches. Ally doesn't have to do that so they can pay more interest. It doesn't make them more or less safe.
2 of 67
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As long as it is FDIC insured, you should be good to go.
Ally
ally.com › stories › security › make-sure-your-online-banking-is-secure
Are Online Banks Safe? 6 Tips to Stay Safe Banking Online | Ally
October 8, 2025 - Ally Bank follows rigorous security standards to keep your money as safe as it would be in a traditional bank. Our security measures include MFA, SSL encryption, automatic logouts, optional biometric authentication and more.
Ally
ally.com › security
Security Center: Our Approach, Fraud & Identity Protection, Tips & More | Ally
At Ally, we use a combination of cutting-edge technology and industry best practices to ensure the security and safety of your personal and financial information. Ally Bank (Member FDIC) guarantees that you will not be liable for any unauthorized Online or Mobile Banking transaction as long ...
Yahoo! Finance
finance.yahoo.com › personal finance › banking
Ally Bank review (2025): Top rated online bank with a no-fee model
February 10, 2025 - Ally Bank is an online bank known for its no-fee model and competitive interest rates on deposit accounts. So is Ally a good bank? Learn more with this in-depth expert review.
Ally
ally.com › security › our-approach
How Our Security Approach Protects You | Ally
For security reasons, we may block access to ally.com if your connection is associated with suspicious activity. This includes certain VPN providers, internet relays, or public networks associated with activities that could potentially put your information at risk.
Bogleheads.org
bogleheads.org › board index › us investors › personal investments
Ally Bank - Is this a safe/best place to stash some cash? - Bogleheads.org
Tell her that this is your alternative. Hover over the other things (outhouse, sign, neon). Full disclosure, I have accounts at both Ally (1% savings) and Redneck (1.25% Megamoney account up to $35k). ... What makes the local and big banks safe is that they are insured by FDIC.
U.S. News
usnews.com › home › money › banking
Ally Bank Review | U.S. News
4 days ago - Your trust is important to us. To earn it, we conduct a rigorous, unbiased analysis with a transparent methodology, and our raters maintain strict editorial standards and independence. ... Ally Bank operates online and offers checking accounts, savings accounts, money market accounts, certificates of deposit, credit cards, auto loans and investment products.
ConsumerAffairs
consumeraffairs.com › home › finance › banking › best banks
Ally Bank Reviews: Written By Customers
We called yesterday to pay off of my car loan, which, with any other bank have never had an issue. Same crud. They won't give information. Could not understand them. ...
Address US
Ally
ally.com › stories › security › online-banking-security
Online Banking Security: How Ally Bank Keeps Your Money Safe | Ally
October 3, 2025 - The safety of your financial information is our top priority. “Being an ally to our customers extends beyond finances, it’s also about fraud and security protection,” says Linsday Sacknoff, head of consumer banking at Ally.
Moneywise
moneywise.com › banking › banking-reviews › ally-bank
Ally Bank Review 2024
January 2, 2024 - And if you invest through Ally's brokerage side, you benefit from SIPC insurance as well. Overall, Ally Bank is a safe online bank that's regulated and follows the same security practices as other major online banks.
Forbes Advisor
forbes.com › advisor › banking › ally-bank-review
Ally Bank Review 2026 – Forbes Advisor
3 weeks ago - Ally is a full-service online bank offering a large selection of banking products, including checking, savings, certificate of deposit (CD) and money market accounts. Ally Bank accounts have no monthly fees or minimum deposit requirements and earn fairly competitive interest rates. Although Ally
Aura
aura.com › learn › ally-bank-scams
How To Avoid The 7 Latest Ally Bank Scams
January 10, 2024 - Want alerts if your personal information is at risk? Aura keeps you safe from scams, fraud, and identity theft. Free for 14 days with a 60-day money-back guarantee.2 ... With multiple deposit accounts and attractive interest rates, Ally Bank is a popular alternative to traditional banks like Chase, Bank of America, and Citibank.
Trustpilot
trustpilot.com › home › money & insurance › banking & money › bank › ally reviews
Ally is rated "Bad" with 1.4 / 5 on Trustpilot
4 days ago - You want fees…you got them! F ally…will never recommend! ... Worst bank ever. If I could give zero stars I would. Your money is not safe, and if you ever have a situation with their fraud department, you might as well consider your money unretrievable.
Yahoo! Finance
finance.yahoo.com › news › ally-bank-safe-140030267.html
Is Ally Bank Safe to Use?
June 26, 2018 - If you’re worried about the security that Ally Bank can offer, you don’t need to worry. Ally employs the best safety measures to keep you and your finances safe. While safety is certainly an important consideration when choosing a bank, but it isn’t the only one.
Finder
finder.com › www.finder.com › bank accounts › is ally a good bank?
Is Ally a Good Bank? See Customer Reviews, Security and Fees
September 30, 2024 - Ally is a legit online bank with no monthly fee and a high APY. See what it's doing to protect your data and compare to other banks here.