Ally Bank (ALLY) Removes All Overdraft Fees

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Go back to Ally Bank (ALLY) Removes All Overdraft Fees

Ally Bank eliminates all overdraft fees, ending centuries-old industry practice and lifting consumer burden

June 2, 2021 10:00 AM EDT

CHARLOTTE, N.C., June 2, 2021 /PRNewswire/ -- Ally Bank, the largest digital bank in the U.S. and a division of Ally Financial Inc. (NYSE: ALLY), eliminated overdraft fees on all accounts today. Every Ally Bank customer is eligible, and there are no requirements or restrictions.

Ally Financial CEO Jeffrey Brown said: "This is a significant advancement for consumers as we live out our mission and live up to our name - being a true ally. Overdraft fees are a pain point for many consumers but are particularly... More