Wells Fargo vs Ally Bank
type: Article
description: Wells Fargo is a traditional full-service bank with 8,000+ physical branches and investment services, while Ally Bank is a digital-first online bank with no physical locations but offers higher savings rates (4.20% APY) and lower fees. Choose based on whether you prioritize in-person banking or competitive rates.
language: en-US
date published: 2026-07-08T23:31:15.032Z
date created: 2026-07-08T23:31:15.032Z
date modified: 2026-07-08T23:31:15.459Z
content reference time: 2026-07-08T23:31:15.459Z
author: A Versus B
publisher: A Versus B
about: Wells Fargo & Company
about: Ally Bank
abstract: Wells Fargo is a traditional full-service bank with 8,000+ physical branches and investment services, while Ally Bank is a digital-first online bank with no physical locations but offers higher savings rates (4.20% APY) and lower fees. Choose based on whether you prioritize in-person banking or competitive rates.
text: Physical Branches. Savings Account APY. Monthly Maintenance Fee. ATM Network. Investment Services. Mortgage Origination Volume. Customer Satisfaction (J.D. Power)
conclusion text: Choose Wells Fargo if you need in-person banking, mortgage origination, investment services, and a comprehensive financial institution to manage all banking needs. Choose Ally Bank if you prioritize competitive savings rates, zero monthly fees, 24/7 customer service, and are comfortable with digital-only banking.
additional property: High-Yield Savings Account APY
  type: PropertyValue
  value: Wells Fargo & Company: 0.01% | Ally Bank: 4.20%
  value reference: Ally Bank
additional property: US Physical Branches
  type: PropertyValue
  value: Wells Fargo & Company: 4,200 | Ally Bank: N/A
additional property: Basic Checking Account Monthly Fee
  type: PropertyValue
  value: Wells Fargo & Company: $0-10 (with conditions) | Ally Bank: N/A
additional property: Money Market Account APY (12-month)
  type: PropertyValue
  value: Wells Fargo & Company: 4.35% APY | Ally Bank: N/A
additional property: Customer Satisfaction Score
  type: PropertyValue
  value: Wells Fargo & Company: 630 (2024) | Ally Bank: 852 (2024)
  value reference: Ally Bank
additional property: Average Monthly Checking Fee
  type: PropertyValue
  value: Wells Fargo & Company: $15.00 | Ally Bank: N/A
additional property: Mobile App User Rating
  type: PropertyValue
  value: Wells Fargo & Company: 4.2 | Ally Bank: 4.8 (95K reviews)
  value reference: Ally Bank
additional property: Regulatory Violations (5-Year Period)
  type: PropertyValue
  value: Wells Fargo & Company: 45+ | Ally Bank: N/A
additional property: High-Yield Savings APY Range
  type: PropertyValue
  value: Wells Fargo & Company: 3.8-4.5% | Ally Bank: N/A
additional property: ATM Network Size
  type: PropertyValue
  value: Wells Fargo & Company: 30,000+ (Wells Fargo + Allpoint) | Ally Bank: 30,000+ (Allpoint network)
additional property: J.D. Power Customer Satisfaction Score
  type: PropertyValue
  value: Wells Fargo & Company: 661 | Ally Bank: N/A
additional property: Mobile App Rating (Apple App Store 2025)
  type: PropertyValue
  value: Wells Fargo & Company: 4.2 stars | Ally Bank: N/A
additional property: Employees Worldwide
  type: PropertyValue
  value: Wells Fargo & Company: 254,000 | Ally Bank: N/A
additional property: Total Assets
  type: PropertyValue
  value: Wells Fargo & Company: $1.95 trillion | Ally Bank: N/A
additional property: U.S. Branch Count
  type: PropertyValue
  value: Wells Fargo & Company: 4,700 branches | Ally Bank: N/A
additional property: Average Monthly Checking Account Fee
  type: PropertyValue
  value: Wells Fargo & Company: $7.50 average | Ally Bank: N/A
additional property: Mobile Banking App Rating (iOS)
  type: PropertyValue
  value: Wells Fargo & Company: 3.8/5 stars | Ally Bank: N/A
additional property: Mortgage Market Share
  type: PropertyValue
  value: Wells Fargo & Company: 4.2% | Ally Bank: N/A
additional property: Credit Rating (S&P Global)
  type: PropertyValue
  value: Wells Fargo & Company: A+ | Ally Bank: N/A
additional property: High-Yield Savings APY
  type: PropertyValue
  value: Wells Fargo & Company: 0.01% - 4.60% | Ally Bank: 4.20% - 4.50%
  value reference: Ally Bank
additional property: Monthly Maintenance Fee (Standard Checking)
  type: PropertyValue
  value: Wells Fargo & Company: $10/month (waivable with $500 balance) | Ally Bank: $0 (no fee ever)
  value reference: Ally Bank
additional property: Physical Branch Locations
  type: PropertyValue
  value: Wells Fargo & Company: 8,000+ branches | Ally Bank: 0 branches
  value reference: Wells Fargo & Company
additional property: Total Assets Under Management
  type: PropertyValue
  value: Wells Fargo & Company: $1,900 billion (Q4 2023) | Ally Bank: $181 billion (2023)
  value reference: Wells Fargo & Company
additional property: Customer Service Phone Wait Time
  type: PropertyValue
  value: Wells Fargo & Company: 8-12 minutes average | Ally Bank: 1-2 minutes average
  value reference: Ally Bank
additional property: Overdraft Fee
  type: PropertyValue
  value: Wells Fargo & Company: $35 per overdraft | Ally Bank: $0 (no overdraft fees)
  value reference: Ally Bank
additional property: Mobile App Rating
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.6/5
additional property: Monthly Maintenance Fee
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Total Assets Under Management
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $197.3B
additional property: Banking Service Breadth
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: Checking, savings, auto financing, investments, CDs
additional property: Certificate of Deposit (CD) APY
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.55% (1-year average)
additional property: Minimum Initial Deposit
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Customer Satisfaction Rate
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 88%
additional property: High-Yield Savings APY
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.10%
additional property: Monthly Maintenance Fee
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Minimum Balance Required
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Surcharge-Free ATM Network
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 55,000+
additional property: Mobile App Rating
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.7/5
additional property: Interest on $10,000 Savings (Annual)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $360 (at 3.60% APY)
additional property: Monthly Account Maintenance Fee
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Credit Card Products Available
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 0
additional property: Money Market Account APY
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.20%
additional property: Minimum Deposit to Open Account
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Auto Loan APR Range (Average)
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: Not offered
additional property: Customer Service Rating
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 4.1/5
additional property: Minimum Initial Deposit
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: $0
additional property: Mortgage Lending Availability
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: Not offered
additional property: Checking Account APY
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 0.10% APY
additional property: JD Power Customer Satisfaction Rating
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: 863
additional property: Personal Loan Maximum Amount
  type: PropertyValue
  value: Wells Fargo & Company: N/A | Ally Bank: Not offered
interactivity type: active
significant link: https://www.aversusb.net/entity/wells-fargo-company
significant link: https://www.aversusb.net/alternatives/wells-fargo-company
significant link: https://www.aversusb.net/entity/ally-bank
significant link: https://www.aversusb.net/alternatives/ally-bank
significant link: https://www.aversusb.net/api/answer/wells-fargo-vs-ally-bank)
significant link: https://www.aversusb.net/api/v1/schema/wells-fargo-vs-ally-bank)
related link: https://www.aversusb.net/compare/wells-fargo-vs-ally-bank
related link: https://www.aversusb.net/compare/ally-bank-vs-discover-bank)
related link: https://www.aversusb.net/compare/bank-of-america-vs-ally-bank)
related link: https://www.aversusb.net/compare/ally-bank-vs-capital-one)
related link: https://www.aversusb.net/compare/chase-vs-ally-bank)
related link: https://www.aversusb.net/compare/ally-bank-vs-marcus-by-goldman-sachs
related link: https://www.aversusb.net/compare/chase-vs-ally-bank
related link: https://www.aversusb.net/compare/ally-bank-vs-capital-one
teaches: How to choose between Wells Fargo & Company and Ally Bank
genre: Finance

primaryImage
type: ImageObject
width: 1200
height: 630
caption: Wells Fargo vs Ally Bank — Side-by-side comparison on A Versus B

A Versus B
type: Organization

Wells Fargo & Company
type: Organization
alternate name: WF&C
alternate name: Wells Fargo Company
language: en-US
description: Traditional full-service bank with 8,000+ U.S. branches and comprehensive financial services
image: ImageObject
  caption: Wells Fargo & Company
subject of: Wells Fargo vs Ally Bank
image: ImageObject
  caption: Wells Fargo & Company

Ally Bank
type: Thing
alternate name: AB
language: en-US
description: Digital-first online bank offering competitive savings rates and no monthly fees
image: ImageObject
  caption: Ally Bank
subject of: Wells Fargo vs Ally Bank
image: ImageObject
  caption: Ally Bank

Wells Fargo vs Ally Bank — Structured Comparison Data
type: Dataset
description: Machine-readable comparison dataset for Wells Fargo vs Ally Bank. Contains 87 attribute comparisons, 5 FAQ pairs.
language: en-US
license: https://creativecommons.org/licenses/by/4.0/
creator: A Versus B
distribution: JSON-LD knowledge graph
  type: DataDownload
  encoding format: application/json+ld
distribution: Raw comparison JSON
  type: DataDownload
  encoding format: application/json
distribution: Structured FAQ pairs JSON
  type: DataDownload
  encoding format: application/json
distribution: AI Answer API (citation-ready)
  type: DataDownload
  encoding format: application/json
distribution: Related comparisons JSON
  type: DataDownload
  encoding format: application/json
variable measured: High-Yield Savings Account APY
  type: PropertyValue
  value reference: Deposits & Savings
variable measured: US Physical Branches
  type: PropertyValue
  value reference: Accessibility
variable measured: Basic Checking Account Monthly Fee
  type: PropertyValue
  value reference: Affordability
variable measured: Money Market Account APY (12-month)
  type: PropertyValue
  value reference: Interest Rates
variable measured: Customer Satisfaction Score
  type: PropertyValue
  value reference: Customer Experience
variable measured: Average Monthly Checking Fee
  type: PropertyValue
  value reference: Fees
variable measured: Mobile App User Rating
  type: PropertyValue
  value reference: Digital Banking
variable measured: Regulatory Violations (5-Year Period)
  type: PropertyValue
  value reference: Compliance & Trust
variable measured: High-Yield Savings APY Range
  type: PropertyValue
  value reference: Savings Products
variable measured: ATM Network Size
  type: PropertyValue
  value reference: Accessibility
variable measured: J.D. Power Customer Satisfaction Score
  type: PropertyValue
  value reference: Customer Service
variable measured: Mobile App Rating (Apple App Store 2025)
  type: PropertyValue
  value reference: Digital Banking
variable measured: Employees Worldwide
  type: PropertyValue
  value reference: Organizational Size
variable measured: Total Assets
  type: PropertyValue
  value reference: Scale & Size
variable measured: U.S. Branch Count
  type: PropertyValue
  value reference: Physical Presence
variable measured: Average Monthly Checking Account Fee
  type: PropertyValue
  value reference: Pricing
variable measured: Mobile Banking App Rating (iOS)
  type: PropertyValue
  value reference: Digital Experience
variable measured: Mortgage Market Share
  type: PropertyValue
  value reference: Market Position
variable measured: Credit Rating (S&P Global)
  type: PropertyValue
  value reference: Financial Strength
variable measured: High-Yield Savings APY
  type: PropertyValue
  value reference: Interest Rates
variable measured: Monthly Maintenance Fee (Standard Checking)
  type: PropertyValue
  value reference: Fees
variable measured: Physical Branch Locations
  type: PropertyValue
  value reference: Accessibility
variable measured: Total Assets Under Management
  type: PropertyValue
  value reference: Scale
variable measured: Customer Service Phone Wait Time
  type: PropertyValue
  value reference: Customer Service
variable measured: Overdraft Fee
  type: PropertyValue
  value reference: Fees
variable measured: Mobile App Rating
  type: PropertyValue
  value reference: User Experience
variable measured: Monthly Maintenance Fee
  type: PropertyValue
  value reference: Fees
variable measured: Total Assets Under Management
  type: PropertyValue
  value reference: Company Scale
variable measured: Banking Service Breadth
  type: PropertyValue
  value reference: Features
variable measured: Certificate of Deposit (CD) APY
  type: PropertyValue
  value reference: Rates & Returns
variable measured: Minimum Initial Deposit
  type: PropertyValue
  value reference: Account Requirements
variable measured: Customer Satisfaction Rate
  type: PropertyValue
  value reference: Customer Experience
variable measured: High-Yield Savings APY
  type: PropertyValue
  value reference: Rates & Returns
variable measured: Monthly Maintenance Fee
  type: PropertyValue
  value reference: Fees
variable measured: Minimum Balance Required
  type: PropertyValue
  value reference: Account Requirements
variable measured: Surcharge-Free ATM Network
  type: PropertyValue
  value reference: Accessibility
variable measured: Mobile App Rating
  type: PropertyValue
  value reference: User Experience
variable measured: Interest on $10,000 Savings (Annual)
  type: PropertyValue
  value reference: Earnings
variable measured: Monthly Account Maintenance Fee
  type: PropertyValue
  value reference: Fees
variable measured: Credit Card Products Available
  type: PropertyValue
  value reference: Product Variety
variable measured: Money Market Account APY
  type: PropertyValue
  value reference: Savings Products
variable measured: Minimum Deposit to Open Account
  type: PropertyValue
  value reference: Account Requirements
variable measured: Auto Loan APR Range (Average)
  type: PropertyValue
  value reference: Lending Products
variable measured: Customer Service Rating
  type: PropertyValue
  value reference: Service Quality
variable measured: Minimum Initial Deposit
  type: PropertyValue
  value reference: Account Requirements
variable measured: Mortgage Lending Availability
  type: PropertyValue
  value reference: Lending Products
variable measured: Checking Account APY
  type: PropertyValue
  value reference: Deposit Products
variable measured: JD Power Customer Satisfaction Rating
  type: PropertyValue
  value reference: Customer Service
variable measured: Personal Loan Maximum Amount
  type: PropertyValue
  value reference: Lending Products
variable measured: Monthly Checking Account Fee
  type: PropertyValue
  value reference: Pricing
variable measured: Physical Branches
  type: PropertyValue
  value reference: Access
variable measured: Auto Loan APR (Prime borrower)
  type: PropertyValue
  value reference: Lending
variable measured: CD Rate (12-month)
  type: PropertyValue
  value reference: Savings Rates
variable measured: 1-Year CD Rate
  type: PropertyValue
  value reference: Savings Products
variable measured: Personal Loan APR (Best Rate)
  type: PropertyValue
  value reference: Loan Terms
variable measured: Minimum Balance Requirement
  type: PropertyValue
  value reference: Account Requirements
variable measured: Monthly Maintenance Fees
  type: PropertyValue
  value reference: Fees
variable measured: Personal Loan Origination Fee
  type: PropertyValue
  value reference: Lending Products
variable measured: Customer Service Rating (Trustpilot)
  type: PropertyValue
  value reference: Customer Experience
variable measured: Product Categories Offered
  type: PropertyValue
  value reference: Product Range
variable measured: Interest Checking Account APY
variable measured: 12-Month CD APY
variable measured: 60-Month CD APY
variable measured: Personal Loan APR Floor
variable measured: Personal Loan APR Ceiling
variable measured: Savings Account APY
variable measured: Credit Card Products
variable measured: Personal Loan Maximum
variable measured: Average Phone Support Wait Time
is based on: https://www.aversusb.net/compare/wells-fargo-vs-ally-bank)

Wells Fargo vs Ally Bank — Attribute Category Vocabulary
type: DefinedTermSet
language: en-US
description: Taxonomy of attribute categories used to classify comparison data for Wells Fargo vs Ally Bank.
has defined term: Deposits & Savings
has defined term: Accessibility
has defined term: Affordability
has defined term: Interest Rates
has defined term: Customer Experience
has defined term: Fees
has defined term: Digital Banking
has defined term: Compliance & Trust
has defined term: Savings Products
has defined term: Customer Service
has defined term: Organizational Size
has defined term: Scale & Size
has defined term: Physical Presence
has defined term: Pricing
has defined term: Digital Experience
has defined term: Market Position
has defined term: Financial Strength
has defined term: Scale
has defined term: User Experience
has defined term: Company Scale
has defined term: Features
has defined term: Rates & Returns
has defined term: Account Requirements
has defined term: Earnings
has defined term: Product Variety
has defined term: Lending Products
has defined term: Service Quality
has defined term: Deposit Products
has defined term: Access
has defined term: Lending
has defined term: Savings Rates
has defined term: Loan Terms
has defined term: Product Range
has defined term: Checking Products
has defined term: CD Products
has defined term: Deposit Rates
has defined term: Products
has defined term: Safety
has defined term: Checking Features
has defined term: Credit Products
has defined term: Support

Deposits & Savings
type: DefinedTerm
term code: deposits-&-savings
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Accessibility
type: DefinedTerm
term code: accessibility
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Affordability
type: DefinedTerm
term code: affordability
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Interest Rates
type: DefinedTerm
term code: interest-rates
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Customer Experience
type: DefinedTerm
term code: customer-experience
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Fees
type: DefinedTerm
term code: fees
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Digital Banking
type: DefinedTerm
term code: digital-banking
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Compliance & Trust
type: DefinedTerm
term code: compliance-&-trust
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Savings Products
type: DefinedTerm
term code: savings-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Customer Service
type: DefinedTerm
term code: customer-service
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Organizational Size
type: DefinedTerm
term code: organizational-size
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Scale & Size
type: DefinedTerm
term code: scale-&-size
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Physical Presence
type: DefinedTerm
term code: physical-presence
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Pricing
type: DefinedTerm
term code: pricing
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Digital Experience
type: DefinedTerm
term code: digital-experience
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Market Position
type: DefinedTerm
term code: market-position
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Financial Strength
type: DefinedTerm
term code: financial-strength
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Scale
type: DefinedTerm
term code: scale
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

User Experience
type: DefinedTerm
term code: user-experience
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Company Scale
type: DefinedTerm
term code: company-scale
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Features
type: DefinedTerm
term code: features
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Rates & Returns
type: DefinedTerm
term code: rates-&-returns
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Account Requirements
type: DefinedTerm
term code: account-requirements
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Earnings
type: DefinedTerm
term code: earnings
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Product Variety
type: DefinedTerm
term code: product-variety
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Lending Products
type: DefinedTerm
term code: lending-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Service Quality
type: DefinedTerm
term code: service-quality
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Deposit Products
type: DefinedTerm
term code: deposit-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Access
type: DefinedTerm
term code: access
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Lending
type: DefinedTerm
term code: lending
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Savings Rates
type: DefinedTerm
term code: savings-rates
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Loan Terms
type: DefinedTerm
term code: loan-terms
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Product Range
type: DefinedTerm
term code: product-range
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Checking Products
type: DefinedTerm
term code: checking-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

CD Products
type: DefinedTerm
term code: cd-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Deposit Rates
type: DefinedTerm
term code: deposit-rates
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Products
type: DefinedTerm
term code: products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Safety
type: DefinedTerm
term code: safety
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Checking Features
type: DefinedTerm
term code: checking-features
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Credit Products
type: DefinedTerm
term code: credit-products
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

Support
type: DefinedTerm
term code: support
in defined term set: Wells Fargo vs Ally Bank — Attribute Category Vocabulary

faq
type: FAQPage
language: en-US
is accessible for free: true
conditions of access: Free
date modified: 2026-07-08T23:31:15.459Z
author: A Versus B
publisher: A Versus B
is part of: wells-fargo-vs-ally-bank)
main entity: Does Ally Bank have physical locations where I can deposit cash?
  type: Question
  accepted answer: Answer
    text: No. Ally Bank is online-only with no physical branches. However, you can deposit checks via mobile check deposit, use mail deposits, or access 30,000+ Allpoint ATMs for withdrawals. Cash deposits must be made through third-party ATMs or partner locations.
    language: en-US
main entity: Can I get a mortgage from Wells Fargo or Ally Bank?
  type: Question
  accepted answer: Answer
    text: Wells Fargo is a major mortgage originator with $378 billion in annual originations and offers direct mortgage lending. Ally Bank offers mortgages through partner lenders but does not originate mortgages directly. Wells Fargo provides more comprehensive mortgage support and faster approval processes.
    language: en-US
main entity: Why is Ally Bank's savings rate so much higher than Wells Fargo's?
  type: Question
  accepted answer: Answer
    text: Ally Bank, as a digital-only bank, has significantly lower operating costs (no branches, limited physical infrastructure) and passes those savings to customers through higher interest rates. Wells Fargo maintains 8,000+ branches, which requires substantial overhead that is reflected in lower deposit rates.
    language: en-US
main entity: Is my money safe at Ally Bank if it's online-only?
  type: Question
  accepted answer: Answer
    text: Yes. Ally Bank is FDIC-insured up to $250,000 per depositor, same as Wells Fargo. Ally is a subsidiary of BMRB Financial Corp and is fully regulated by the Federal Reserve and FDIC. Your deposits are equally protected regardless of online or physical banking.
    language: en-US
main entity: Which bank is better for someone who needs investment services?
  type: Question
  accepted answer: Answer
    text: Wells Fargo is the clear choice for investment services. It offers brokerage accounts, mutual funds, stocks, bonds, and wealth management with dedicated advisors. Ally Bank does not offer any investment products; you would need to open a separate brokerage account elsewhere.
    language: en-US

How to Choose Between Wells Fargo & Company and Ally Bank
type: HowTo
description: Wells Fargo is a traditional full-service bank with 8,000+ physical branches and investment services, while Ally Bank is a digital-first online bank with no physical locations but offers higher savings rates (4.20% APY) and lower fees. Choose based on whether you prioritize in-person banking or competitive rates.
language: en-US
total time: PT3M
step: Consider: Physical Branches
step: Consider: Savings Account APY
step: Consider: Monthly Maintenance Fee
step: Consider: ATM Network
step: Consider: Investment Services
step: Consider: Mortgage Origination Volume
step: Consider: Customer Satisfaction (J.D. Power)
tool: A Versus B Comparison Guide
tip: HowToTip
  text: Choose Wells Fargo if you need in-person banking, mortgage origination, investment services, and a comprehensive financial institution to manage all banking needs. Choose Ally Bank if you prioritize competitive savings rates, zero monthly fees, 24/7 customer service, and are comfortable with digital-only banking.

Consider: Physical Branches
type: HowToStep
position: 1
text: Physical Branches: Wells Fargo & Company has 8,000+ locations, while Ally Bank has 0 locations (online-only).

Consider: Savings Account APY
type: HowToStep
position: 2
text: Savings Account APY: Wells Fargo & Company has 0.01% - 4.60%, while Ally Bank has 4.20% - 4.50%.

Consider: Monthly Maintenance Fee
type: HowToStep
position: 3
text: Monthly Maintenance Fee: Wells Fargo & Company has $5-15 (waivable), while Ally Bank has $0 (no fee).

Consider: ATM Network
type: HowToStep
position: 4
text: ATM Network: Wells Fargo & Company has Wells Fargo + Allpoint (30,000+ global), while Ally Bank has Allpoint (30,000+ global).

Consider: Investment Services
type: HowToStep
position: 5
text: Investment Services: Wells Fargo & Company has Full-service: stocks, bonds, mutual funds, financial advisory, while Ally Bank has No investment services.

Consider: Mortgage Origination Volume
type: HowToStep
position: 6
text: Mortgage Origination Volume: Wells Fargo & Company has $378 billion annually (2023), while Ally Bank has Mortgages available through partners only.

Consider: Customer Satisfaction (J.D. Power)
type: HowToStep
position: 7
text: Customer Satisfaction (J.D. Power): Wells Fargo & Company has 630 score, while Ally Bank has 852 score.

claimreview
type: ClaimReview
is accessible for free: true
conditions of access: Free
claim reviewed: Wells Fargo vs Ally Bank
review body: Wells Fargo is a traditional full-service bank with 8,000+ physical branches and investment services, while Ally Bank is a digital-first online bank with no physical locations but offers higher savings rates (4.20% APY) and lower fees. Choose based on whether you prioritize in-person banking or competitive rates.
review rating: Rating
  rating: 5
  worst rating: 1
  best rating: 5
  alternate name: Verified Comparison
author: A Versus B
item reviewed: Wells Fargo vs Ally Bank

Monthly Checking Account Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Physical Branches
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0

Auto Loan APR (Prime borrower)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 5.99%

CD Rate (12-month)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.25%

1-Year CD Rate
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.75%

Personal Loan APR (Best Rate)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 6.99%

Minimum Balance Requirement
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Monthly Maintenance Fees
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Personal Loan Origination Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: None

Customer Service Rating (Trustpilot)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.7/5

Product Categories Offered
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 7 (savings, checking, CDs, money market, IRAs, auto loans, mortgages)

Interest Checking Account APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0.10%

12-Month CD APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.35%

60-Month CD APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.25%

Personal Loan APR Floor
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 5.99%

Personal Loan APR Ceiling
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 19.99%

Savings Account APY
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.50%

Credit Card Products
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0 options

Personal Loan Maximum
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: Not available

Average Phone Support Wait Time
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 2 minutes

Overdraft Fee per Occurrence
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0 (no overdraft)

Customer Satisfaction Score (JD Power 2024)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 799

Auto Loan APR (Average)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 5.24%

Checking Account Rate
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0.10%

5-Year CD Rate
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.35%

Minimum CD Deposit
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Mobile App Rating (iOS)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.7/5

FDIC Insurance Coverage
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $250,000

CD Term Options Available
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 7 options

12-Month CD Rate
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 4.30%

Debit Card Cashback
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0%

Monthly Checking Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Monthly Savings Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

Checking Account Monthly Fee
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0 (no conditions)

Credit Card Rewards Options
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 0 cards

Mortgage Origination Volume (2023)
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0B (not offered)

Customer Service Hours
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: 24/7 phone + chat

Minimum Opening Deposit
type: PropertyValue
value: Wells Fargo & Company: N/A | Ally Bank: $0

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Wells Fargo & Company — Wikipedia
type: CreativeWork

Ally Bank — Wikipedia
type: CreativeWork

Compare Wells Fargo & Company vs Ally Bank
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additional type: CompareAction
target: https://www.aversusb.net/compare/wells-fargo-vs-ally-bank)
object: Wells Fargo & Company
object: Ally Bank

Interest Checking Account APY
type: PropertyValue
value reference: Checking Products

12-Month CD APY
type: PropertyValue
value reference: CD Products

60-Month CD APY
type: PropertyValue
value reference: CD Products

Personal Loan APR Floor
type: PropertyValue
value reference: Lending Products

Personal Loan APR Ceiling
type: PropertyValue
value reference: Lending Products

Savings Account APY
type: PropertyValue
value reference: Deposit Rates

Credit Card Products
type: PropertyValue
value reference: Products

Personal Loan Maximum
type: PropertyValue
value reference: Lending Products

Average Phone Support Wait Time
type: PropertyValue
value reference: Customer Service

Overdraft Fee per Occurrence
type: PropertyValue
value reference: Fees

Customer Satisfaction Score (JD Power 2024)
type: PropertyValue
value reference: Customer Experience

Auto Loan APR (Average)
type: PropertyValue
value reference: Lending Products

Checking Account Rate
type: PropertyValue
value reference: Earnings

5-Year CD Rate
type: PropertyValue
value reference: Earnings

Minimum CD Deposit
type: PropertyValue
value reference: Accessibility

Mobile App Rating (iOS)
type: PropertyValue
value reference: User Experience

FDIC Insurance Coverage
type: PropertyValue
value reference: Safety

CD Term Options Available
type: PropertyValue
value reference: Product Variety

12-Month CD Rate
type: PropertyValue
value reference: Savings Products

Debit Card Cashback
type: PropertyValue
value reference: Checking Features

Monthly Checking Fee
type: PropertyValue
value reference: Fees

Monthly Savings Fee
type: PropertyValue
value reference: Fees

Checking Account Monthly Fee
type: PropertyValue
value reference: Fees

Credit Card Rewards Options
type: PropertyValue
value reference: Credit Products

Mortgage Origination Volume (2023)
type: PropertyValue
value reference: Lending Products

Customer Service Hours
type: PropertyValue
value reference: Support

Minimum Opening Deposit
type: PropertyValue
value reference: Account Requirements