BBVA Bank is known for its prominent online presence and easily navigable mobile app.
In addition to their free checking account, they offer other financial services from credit cards, business banking, personal loans, and more!
While Ally Bank offers high interest rates on their savings as well as offering interest on their checking and CD account options.
There’s no minimum deposits or service fees on their banking products.
Continue reading below to see a side-by-side comparison between the two banks, so you can see which one offers the services you need the most.
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BBVA | Ally Bank | |
Locations | 642 branches nationwide (Locator) | Online Only |
ATMs | 64,000 ATMS nationwide | Over 43,000 no-fee Allpoint ATMs |
Savings | 3/5 | 4/5 |
CD | ||
Checking | 4.5/5 | 4/5 |
Money Market | 4/5 | |
Customer Service | 4.5/5 | 5/5 |
Mobile App | 5/5 | 5/5 |
Pros | -New customer coupon offers -Full service banking |
-CD options -No account minimums -Good customer service |
Cons | -Low Savings APY -Branches are only available in seven states |
-Low Checking APY for lower balance customers |
Bottom Line | BBVA Bank offers checking, savings and second chance banking. | Ally Bank is an online only based banking that offers full service with the most competitive rates. |
BBVA Promotions
Ally Bank Promotions
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Bottom Line
Which Bank is Better: BBVA or Ally Bank?
In summary:
- BBVA is known for its strong online presence, excellent customer service, and user-friendly mobile app.
- Ally Bank offers good interest rates and no account minimum or service fees.
For other banking options, see our list of the best bank account bonuses & savings account offers.
More on BBVA:
More on Ally Bank
- How To Open an Ally Bank Account
- What Are Ally Bank’s Hours?
- How To Find and Use Your Ally Bank Login
- Ally Bank Routing Number
- Ally Bank Review
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