While I was initially skeptical of online banking, Ally has won me over. Both their checking and savings accounts require no minimum balance and the savings account pays a healthy 1.25%. By linking my savings account to my checking account I am able to transfer funds between the two and utilize my checks and ATM to access my money. Online banking is a lot easier than I ever expected and with my two accounts linked it is as seamless as a traditional brick and mortar bank. I highly recommend ally to all of my friends, especially those that are just starting to get a handle on their finances!