Ally Bank has updated their new mobile banking apps to add mobile check deposit and more. You can now do the following:
- Mobile eCheck Deposit – Deposit a check just by snapping a picture of it with your camera phone.
- Bill Pay – Pay your bills from your phone or tablet. Payees need to be set up on the website first.
- Non-Ally Bank-to-Bank Transfers – Transfer money to and from your other banks for free. Very handy if you’re like me with many bank accounts.
- Instant phone access. Tap a button on the app and it’ll call an Ally human by phone 24/7. The estimated wait time is even shown beforehand.
- Built-in ATM locator with GPS. Not really needed much as I can use any ATM with their fee reimbursements. I did notice that the locator includes drugstores and grocery stores that offer cash back with purchase.
I’m glad these features are finally here, given that Ally is my everyday bank account and inter-bank transfer hub due to their lack of fees, competitive rates, and no-hassle ATM rebates. I also hold a chunk of my emergency fund in their 5-year CDs with no minimum opening amounts.
I tested out the mobile check deposit today, and overall it worked the same as other apps I’ve used. You can deposit into either a Ally checking or savings account. My eCheck deposit limit was $10,000 per day or $25,000 every 30 days, which is pretty high as these things go. Anything higher and you can still use the free postage-paid envelopes from Ally. After you take a picture of the front and back, they will send you an e-mail about your deposit status. My deposit was approved later the same day, and my $100 deposit was available the next business day for withdrawal (varies with size of deposit). They ask you to save your check for 60 days and then destroy it.