Ally Bank vs SoFi Bank
Verdict: SoFi Bank delivers a higher APY (4.25% vs 4.05% per SoFi and Bankrate), unlimited ATM fee reimbursements (vs Ally’s $10 cap), and a superior mobile app rating (4.8/5 vs 4.6/5 per Apple App Store). While Ally offers a solid fee‑free checking experience and a longer track record, SoFi’s overall package is stronger for high‑yield savers. Both banks score well on fees, but SoFi’s feature set and customer‑service scores give it the edge.
Winner: SoFi Bank
Ally Bank: 7.5/10
SoFi Bank: 8.5/10
Spec-by-spec comparison
| Ally Bank | SoFi Bank | |
|---|---|---|
| Savings APY | 4.05% (per Bankrate) | 4.25% (per SoFi) |
| ATM Reimbursements | $10 per statement cycle (per Ally terms) | Unlimited worldwide (per SoFi terms) |
| Mobile App Rating | 4.6/5 (per Apple App Store) | 4.8/5 (per Apple App Store) |
| Customer Service Score | 4.2/5 (per J.D. Power) | 4.5/5 (per J.D. Power) |
Ally Bank
What works
- $10 ATM fee reimbursement
What doesn't
- Mobile app rating lower than some rivals
SoFi Bank
What works
- Highest APY among major online banks
What doesn't
- Newer brand with shorter track record
Bottom line
Our pick: SoFi Bank.
View full comparison on GoodPickr
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