“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 onerous for some. It is time to end them.”
