American Express vs Ally Checking Comparison
Updated September 11, 2026 · Rates from official provider sources
American Express Checking Account
American Express
Ally Checking Account
Ally
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The rate table is useful for the math, but it is not the whole decision. Confirm current APY, transfer timing, account availability, minimum balance rules, and any linked-account requirements before opening. Rates can change after this page refreshes.
FAQ
Which is better, American Express or Ally?
American Express and Ally have similar terms on the data available here, so the better fit depends on branch access, ATM network, and which other accounts you already hold there.
Are American Express and Ally FDIC insured?
Yes, both accounts are FDIC insured up to $250,000 per depositor, per ownership category.
Can I have accounts at both?
Yes. There is no limit on how many checking account accounts you can hold across different banks.