Chase is a traditional full-service bank with 4,700+ branches and ATMs offering comprehensive banking services, while Ally Bank is a digital-only bank with higher savings rates (4.20% APY) and lower fees but no physical locations.
Chase vs Ally Bank — Side-by-side comparison on A Versus B
Major full-service bank with 4,700+ branches offering checking, savings, mortgages, credit cards, and investment services.
Digital-only bank specializing in high-yield savings, money market accounts, and no-fee checking with industry-leading rates.
Physical Locations. High-Yield Savings APY. Checking Account Monthly Fee. Mortgage Origination Volume (2023). Customer Service Availability. Credit Card Rewards Programs. Total Assets (2024)
Choose Chase if you need comprehensive banking services, physical branch access, mortgage products, credit cards, and investment options in one institution. Choose Ally Bank if you prioritize high savings rates, low fees, digital convenience, and don't require in-person banking or credit card rewards.
Chase Bank: $0-$12 (varies) | Ally Bank: $0
Chase Bank: $34 per occurrence | Ally Bank: $0 (no overdraft)
Chase Bank: $0-$100 (varies by product) | Ally Bank: $0
Chase Bank: 55,000+ | Ally Bank: 55,000+
Chase Bank: 4.5 stars (2.1M reviews) | Ally Bank: 4.7/5
Chase Bank: $1 (at 0.01% APY) | Ally Bank: $360 (at 3.60% APY)
Chase Bank: 16,000+ ATMs | Ally Bank: N/A
Chase Bank: 50+ options | Ally Bank: 0 options
Chase Bank: 80% (J.D. Power 2024) | Ally Bank: N/A
Chase Bank: $12/month (waivable) | Ally Bank: N/A
Chase Bank: $15-45 per transfer | Ally Bank: N/A
Chase Bank: 10.2% (largest) | Ally Bank: N/A
Chase Bank: iOS, Android, web—24/7 support | Ally Bank: N/A
Chase Bank: 156 million | Ally Bank: N/A
Chase Bank: $750 annually | Ally Bank: N/A
Chase Bank: 5.99%-21.24% | Ally Bank: N/A
Chase Bank: 4,700+ branches | Ally Bank: N/A
Chase Bank: Yes, with debit card | Ally Bank: N/A
Chase Bank: 4.7 stars | Ally Bank: 4.7/5
Chase Bank: $12 (waivable) | Ally Bank: $0
Chase Bank: $12 (waivable with conditions) | Ally Bank: $0 (no conditions)
Chase Bank: 50+ cards (up to 5% back) | Ally Bank: 0 cards
Chase Bank: $405B | Ally Bank: $0B (not offered)
Chase Bank: 24/7 phone + branch hours | Ally Bank: 24/7 phone + chat
Chase Bank: N/A | Ally Bank: Checking, savings, auto financing, investments, CDs
Chase Bank: N/A | Ally Bank: 4.55% (1-year average)
Chase Bank: N/A | Ally Bank: Not offered
Chase Bank: N/A | Ally Bank: 4.6/5 (J.D. Power 2024)
Chase Bank: N/A | Ally Bank: 7 (savings, checking, CDs, money market, IRAs, auto loans, mortgages)
Chase Bank: N/A | Ally Bank: 4.8 (95K reviews)
Chase Bank: N/A | Ally Bank: Not available
Chase Bank: N/A | Ally Bank: $0 (no overdraft)
Customer Satisfaction Score (JD Power 2024)
How to choose between Chase Bank and Ally Bank
Chase vs Ally Bank — Structured Comparison Data
Machine-readable comparison dataset for Chase vs Ally Bank. Contains 90 attribute comparisons, 5 FAQ pairs.
Chase vs Ally Bank — Attribute Category Vocabulary
Taxonomy of attribute categories used to classify comparison data for Chase vs Ally Bank.
Ally Bank significantly outpaces Chase with a 4.20% APY on high-yield savings accounts compared to Chase's 0.01%. For a $10,000 deposit, this difference means $420/year with Ally versus just $1/year with Chase—a 420x difference in annual earnings.
Ally Bank doesn't accept cash deposits directly since it has no branches. However, customers can deposit checks via mobile app, transfer funds from other banks, or use Ally's partnership with 9,000+ ATM networks for withdrawals. For cash deposits, you'd need to use external ATMs or transfer services.
Is Chase or Ally better for credit cards?
Chase is significantly better for credit cards, offering 50+ card options including rewards programs that earn up to 5% cash back. Ally Bank does not offer credit cards at all—it focuses exclusively on deposit accounts. If credit card rewards are important, Chase is the only viable option between these two.
Both are equally safe. Chase is FDIC-insured up to $250,000 per account category and is a systemically important bank backed by $3.73 trillion in assets. Ally is also FDIC-insured up to $250,000 per category. Both maintain strong capital ratios and regulatory oversight. Your deposits are protected equally at either institution.
Chase charges $34 per overdraft transaction (up to 4 per day). Ally Bank's overdraft protection depends on your account setup—Ally offers free transfers from linked accounts but doesn't allow traditional overdrafts. Ally's approach is generally more consumer-friendly, avoiding expensive overdraft fees.
How to Choose Between Chase Bank and Ally Bank
Physical Locations: Chase Bank has 4,700+ branches and ATMs, while Ally Bank has 0 (online-only).
High-Yield Savings APY: Chase Bank has 0.01%, while Ally Bank has 4.20%.
Checking Account Monthly Fee: Chase Bank has $12 (basic) to $0 (with conditions), while Ally Bank has $0 (no monthly fees).
Consider: Mortgage Origination Volume (2023)
Mortgage Origination Volume (2023): Chase Bank has $405 billion, while Ally Bank has $9.2 billion.
Customer Service Availability: Chase Bank has Phone, branch, online (24/7 phone), while Ally Bank has Phone and online chat only (24/7).
Credit Card Rewards Programs: Chase Bank has 50+ cards with up to 5% cash back, while Ally Bank has None (checking/savings focused).
Total Assets (2024): Chase Bank has $3.73 trillion, while Ally Bank has $90 billion.