5 Free Debit Card Deals: Why Pay $5 a Month?


"So now we've got the best of both worlds. You can get your money anywhere for free and can deposit anywhere for free," Sarah Bulgatz, Schwab spokeswoman, said.

Schwab Bank customers who want to deposit their checks through the mobile app take a photo of the front and back and upload it to their account.

Ally Bank customers can deposit physical checks by pre-paid envelopes or by using a feature called eCheck Deposit which allows customers to remotely deposit checks to their Ally Bank accounts by scanning and transmitting a check image online.

Beth Coggins, Ally spokeswoman, said "Ally Bank has not changed its fee structure or increased fees in response to recent changes in federal rules."

The company also offers a debit card rewards program

"No branches, ATMs or postage required," Coggins said.

The current interest rates for Ally checking customers is 0.90 percent APY for accounts with $15,000 or more and 0.50 percent for accounts with less than $15,000.

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